Weekly candles are strong enough to build a cup and handle in the cup and handle. After breakup we will soon see a decent pump for about 20-30 days. 6000-8000 CNY could be target.
Comment:
Good to see that the projection was somewhat on spot.
As the hashrate of BTC is currently pumping ( bitcoinwisdom.com/bitcoin/difficulty ) we might anticipate another pump.
Breaking 7000 CNY would lead us to a double top at 8xxx CNY.
We are in a pretty strong uptrend and I believe that this can only be reversed by a FOMO candle. We will go up sooner or later, the question is now or somewhen in early 2017. The longer we take to commence upmove, the stronger it will be.
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As the hashrate of BTC is currently pumping ( bitcoinwisdom.com/bitcoin/difficulty ) we might anticipate another pump.
Breaking 7000 CNY would lead us to a double top at 8xxx CNY.
We are in a pretty strong uptrend and I believe that this can only be reversed by a FOMO candle. We will go up sooner or later, the question is now or somewhen in early 2017. The longer we take to commence upmove, the stronger it will be.