BTCCHINA:BTCCNY Bitcoin / Chinese Yuan
Bottom?! (while I was busy creating the chart I did not notice the new low at 1015 CNY becoming the launch pad for the uptrend) https://www.youtube.com/watch?v=MdYGJ3vLnsI
I expect this to be the only reason why we had this reversal. The double bottom around 1015 CNY. There was no seller left to get even lower to 1000 CNY, because too many bought at this double bottom so it started to cascade in the other direction to the upside creating the first short squeeze and then more and more.