ifigureditout2

Same chart, zoomed in to hourly...

BITFINEX:BTCUSD   比特幣 / 美元
76 1 1
Same chart, zoomed in to hourly...
評論: We broke above the inner triangle. We'll see if it breaks into the center of the pitch fork, roughly 12,000 or greater.
評論: 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.

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