We are clearly getting out of the downtrend and getting ready for our trip to the moon.
I'm expecting an ascending triangle with a breakout to the upside. Probably a nice last chance to get in on the pullback
In addition to my last chart I found it interesting to chart BTCCNY/USDCNH to rule out the possibility that the strength/weakness of the Chinese Yuan would interfere with the chart.
We can see on this chart the last low of the bitcoin price came VERY near the longterm up channel. We didn't break out the longterm down channel (yet), so I expect the price to go down...
I'm charting BTCChina because we don't have Huobi here. Huobi is obviously leading the other exchanges.
The red line is the low of Huobi in December, which we touched recently.
It looks like the recent low was in the middle of the longterm downtrend, the very longterm uptrend and the low of december.
Interesting to see what happens next...