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The chart shows the most important Bear Trendline since December 2013 bubble. It can be connected on all 3 major chinese exchanges by using a line magnet Recently BTC has built support just above the trendline at around 2880 CNY. Possible top of the trend 3030 CNY. When broken double top on the triangle will be confirmed. We fall back into the long term Bear...

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Bitcoin is a classic bubble. Early adopters & investors accumulated coins at prices $0.01-$10 and pumped the price all the way to $1000. Now the 'Return to normal' phase is nearing completion with a H&S on 3d. Attempt to break $500 / 3000yuan massive resistance will not succeed and the trend is deemed to reverse. Bitcoin has internal issues with it's design...