China lagging behind USD exchanges. Bad. From historical data, China always lead during a pump. There were 2 occurrences(that i could find) when China is lagging with this magnitude during sideways/pump. BOTH WHICH ENDED UP DUMPING WITH FULL RETRACE. (Blue rectangle)
However, not all hope is lost just yet. Charts + Open Interest looks great. China might just need some more time to accumulate.
Expectation : Sideways to bleed. Possible trace back to 4080 yuan. No pump so soon.
Signs of a strong rally : China leads USD exchanges