Intermediate Bitcoin Bounce

The price found support around 1700 CNY after falling for seven days.

Alt
quote by user "Alt": A bounce location here would screw late shorts and get bulls excited only to take it away again in a few days.

Entry: 1685 CNY
Stop Loss: 1650 CNY
First Target: 1800 CNY
Second Target: 1925 CNY

UPDATE:

First Target: 1800 CNY hit dead on. High on OKCoin so far exactly 1800 CNY.

Trend might reverse here into a correction (as annotated with the red arrow down on the original chart).