ChartArt
Long

Bitcoin bull run until Q1 2016

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
278 2 6
Now that all resistance levels of this year are broken to the upside (despite my doubt) this is the price channel until January 2016.

Two very high price targets are near 2600 and 3300.

Support is around 2035, so if this trend reverses despite all euphoria the fall could be deep ...
Target hit dead on :)

The peak of the rally on November 4 was the highest price target I had drawn on the chart, which is the highest red line at 3350 CNY (target until Q1 2016). The price actually peaked at 3346 CNY (Huobi), 3340 (OKCoin) already.
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ChartArt ChartArt
Same chart, just without the channel:
snapshot


And a bearish new chart with the weekly RSI:
The Bitcoin rally appears to be over - at least for now

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