ChartArt
Long

Intermediate Bitcoin Bounce

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
359 1 4
The price found support around 1700 CNY             after falling for seven days.

quote by user "Alt": A bounce location here would screw late shorts and get bulls excited only to take it away again in a few days.

Entry: 1685 CNY            
Stop Loss: 1650 CNY            
First Target: 1800 CNY            
Second Target: 1925 CNY            

UPDATE:

First Target: 1800 CNY             hit dead on. High on OKCoin so far exactly 1800 CNY             .
snapshot

Trend might reverse here into a correction (as annotated with the red arrow down on the original chart).
snapshot
Fully agree, we go down.
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