ChartArt
Short

Bitcoin correction until late August, early September 2015

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
925 1 11
The price can drop from the current high area to the center of the new uptrend, which for most will be the 200 day moving average (which is currently at 1538 CNY             and should go up to 1600 CNY             next weeks). This might take time until late August, early September 2015. Until then I am bearish and expect falling prices.

As of publishing the chart the price is still above 1800 CNY             .

Zoomed-in:

snapshot
Spot on time-wise! And that green line was the right target zone after all :-p
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