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.
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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.
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.