onthefrynge
Singkat

Watching RSI for long term trend to resume, short until then

OKCOIN:BTCCNY   Bitcoin / Yuan China
86 0 2
Short term-short with targets as shown due to RSI down trend matching recent price action. Looking for RSI bull div             to form in the coming weeks, could take longer than the time frame charted here. Bottom is based on large amounts of horizontal support as we drop further from here. Reversal would be based on signs of seller exhaustion like a strong daily bull-div as shown.

Short at risk above 5800.

Reversal idea is at risk under 4250and invalidated under 3000.
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