This chart shows my expectations for the next days.
Chart pattern: Cup&handle
Type: Bullish
Objective: 4200CNY
Bullish divergence between On Balance Volumen and Accumulation / Distribution indicators, clear signal of "little pause to continue pushing higher"
Denial: < 2650 at close of the candle and even we need to wait until the next candle close too to...
Since last January, after 2013 post-bubble retracement, price was holding in a very ranged price of 230$ - 300$ (average).
Bitcoin, as a market, still very illiquid and sometimes can't absorb huge sell-off nor huge buy movements... even when the price "touch" resistances or supports levels. For example, we can find examples of this "out of the range"...
