Chart: BTC/CNY - Houbi - 1d
We might see another bull rally within the next 2 days as the situation is similar to November, 6th.
November, 6th not November, 2nd, sorry
Stock RSI is close to break 80
MACD swap already happened on November 28th, but is still weak
PVT continues its bullish uptrend
Target as shown on the chart: ~3000 CNY (2998) / 488 USD on December, 11.
So, here it is: my very first published chart on TV - pls be gentle ;)
Sorry in advance for my noobish analysis and language (non-native english speaker here)
Data: BTC/CNY - Houbi - 4h
Even if Bitcoin price is recovering since November 21st, it seems that we haven't escaped the major downtrend yet.
A similar move happened earlier on Nov, 18th (green line) and...