Bitcoin Outlook Early September 2016
China lagging behind USD exchanges. Bad.
From historical data, China always lead during a pump.
There were 2 occurrences(that i could find) when China is lagging with this magnitude during sideways/pump.
BOTH WHICH ENDED UP DUMPING WITH FULL RETRACE.
(Blue rectangle)
However, not all hope is lost just yet.
Charts + Open Interest looks great.
China might just need some more time to accumulate.
Expectation :
Sideways to bleed. Possible trace back to 4080 yuan.
No pump so soon.
Signs of a strong rally : China leads USD exchanges
From historical data, China always lead during a pump.
There were 2 occurrences(that i could find) when China is lagging with this magnitude during sideways/pump.
BOTH WHICH ENDED UP DUMPING WITH FULL RETRACE.
(Blue rectangle)
However, not all hope is lost just yet.
Charts + Open Interest looks great.
China might just need some more time to accumulate.
Expectation :
Sideways to bleed. Possible trace back to 4080 yuan.
No pump so soon.
Signs of a strong rally : China leads USD exchanges
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.
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.