the idea is simple.. looking back from 2015 when btc-e starts to loose premium, rallies.
lower pane shows btc-e vs stamp.. 0 line meaning the price of both exchange is same. When above, the price of btc-e is higher than stamp
while anticipating a lot of fake outs and dumps till the real rally if the idea works then we can see 1000 usd at the end of this year.
target 7500-7600 cny remains
I close my long and not going to short it ..
if the daily closes above the blue trend line then it means ath is breached and could bubble.
if it closes below the line and shows more sighs of weakness only then I'll short it..