Bitcoin already reached "the moon" in 2013, with fake fiat provided by Willy.
Going there again or beyond requires bitcoin to survive long enough for the block reward halving.
In the absence of a new "killer app" for bitcoin, market movements should resemble those of 2012.
A lot of new speculative fiat would only enter exchanges after reaching 1000+$ again,
with the speculative plan to dump at 3-4-5000$ for a quick profit. I doubt the market can reach
above 1000$ without the block reward halving or a new "killer app".

If bitcoin will reach 3-4000$ in 2016, I will be busy the next 18 - 24 months shorting the hell out of it.

Last peak in longs was on the 7th December, with price at ~380$. We need several more days to reach a similar peak in longs,
while price will weakly rebound, but asks will pile up and eventually overflow, so patience is the best bear strategy now.

Chessnut posted this bearish analysis on tradingview, but not here (did I miss it)?
https://www.tradingview.com/v/z9TNYC9s/
That's my most probable scenario too, to be confirmed in about a week - bitcoin doesn't go down easy.
If however we would see a flash crash to 210$ (test and hold) on very high volume, that would look bullish IMO.

I wouldn't be surprised if during the next couple of days a head-and-shoulders pattern will emerge.

Keep telling this to the Chinese, they have other plans.

Some exchanges have difficulties following this rally, part of the bids have been used to buy and it's becoming risky to wait for taking profits.
Although the market indicators look (for now) quite bullish in multiple time frames.

Slow and steady not possible. Either goes parabolic another ~50$ and crashes, or runs of of steam and crashes.

Decision should come today or tomorrow, either breakout or a large dump if breakout fails.
Huobi bids look promising for the bulls, but so did they on the 2 - 3 December 2014.

Not me, I need to see a green dildo to react like that.

Dump is getting late to the party, makes me wonder if it will happen at all, and I'll go to sleep soon anyway.

There are about 4M$ new longs since the start of this rally (~240$ some 10 days ago), this means about 15k BTC will have to be sold if the rally ends, just to cover those longs.

Price gain is limited (yet), but market indicators are in the overbought zone. I closed my long, just in case, may reopen later.

The triangle seems to break to the upside. But no major pump yet, hmm...

Triangles about to close very soon, but difficult to say how.

Failed pump started on Huobi, could mean we are in a descending channel.

I am really disappointed by the bulls, couldn't you pump a bit more, did you already run out of steam?
I shorted the top of the pump at 284$ yesterday but had to go to sleep and closed my short way to early.

Off topic: Han Solo crashed a vintage aircraft and got injured, he should have sticked to the Millenium Falcon. I wish him a speedy recovery.

This didn't start on mainland China exchanges, but on Bitfinex.
15 min MACD was positive for a while, 1h MACD divergence turned green, someone pump bought 2k BTC.

Quoted for checking 3 weeks from now.

2h PSAR flipped, then 6h flipped too, time for a nice red dildo!