my interpretation of recent btc price action
Note
this impulse is very strong (adjust line a bit) and even if it sounds crazy i think it can accelerate more on ath breakout for parabolic move and reach upper targets $1400 and $1800. its risky, this can be a wild ride with crazy shakeouts, be carefull if not holding a long from low levels.Note
testing 944 support on stamp, on break down next support would be the trendline (purple) near 830 and then 775Note
PBOC updatem.finance.caixin.com/m/2017-01-07/101041525.html
chinese exchange got remembered
that they are not allowed to do offline promotions,
that btc is a virtual good not a currency,
no fake volume is allowed,
dont mention cny devaluation,
must know your customer,
must state the risk involved with btc trading,
Note
back to pitchfork, fibs and ma200Note
new chart, after price couldnt reach the top of the channel, support was found on parallel log line from last to top, adjusted channel: 
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.