Same chart, zoomed in to hourly...

26 Jan 2018

Same chart, zoomed in to hourly...

27 Jan 2018

Catatan

We broke above the inner triangle. We'll see if it breaks into the center of the pitch fork, roughly 12,000 or greater.

27 Jan 2018

Catatan

It just occurred to me that the larger triangle ends around the Chinese New Year. And a little research tells me that the holiday lasts from February 16th until March 2nd. Holidays tend to be bad for crypto. However, looking at last year's chart (Jan 28th, 2017 - Feb 15th 2017) I see that this had no negative effect. We'll see what happens.

Also, each year the Chinese are allowed to invest a limited amount of money outside China. This resets yearly. So, we could see a massive inflow of money as the yearly allowance resets. While the Chinese have new restrictions on how much money they can withdraw internationally using debit cards ($15,000 limit), the individual $50,000/year limit is still intact.

zerohedge.com/news/2017-12-30/china-launches-new-capital-controls-puts-15000-annual-cap-overseas-atm-withdrawals