Panjang
BTCCNY: Daily update - Uptrend speed line support nearby
BTCCNY is in an uptrend in multiple timeframes, from the 2-month timeframe, down to the weekly. The daily recently encountered supply after retesting the resistance from the initial PBOC induced selloff. Now, it is absorbing the sellers' orders down here, and it could resume the move up, or simply remain choppy until the end of the month.
A good strategy will be to buy when bearish momentum slows down, on any significant setback, and look to book profits retesting overhead resistance levels. Naturally, I'm reserving the exact entries, timing, and risk management to my signals clients, but you can get an idea of what to expect here.
If the uptrend speed line (white) holds, we could see a sharp advance here, and a retest and potential breakout of resistance at 7048.
Good luck,
Ivan Labrie.
A good strategy will be to buy when bearish momentum slows down, on any significant setback, and look to book profits retesting overhead resistance levels. Naturally, I'm reserving the exact entries, timing, and risk management to my signals clients, but you can get an idea of what to expect here.
If the uptrend speed line (white) holds, we could see a sharp advance here, and a retest and potential breakout of resistance at 7048.
Good luck,
Ivan Labrie.
Nota
Nice move so far.Nota
Nota
This is what I expect in 
BTCCNY 
🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
linktr.ee/ivanlabrie
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
linktr.ee/ivanlabrie
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.