So.. the Chinese New Year is over on Monday and the rumor is the Chinese will start buying like mad when they return from their vacation.
Does that mean we will pump until Monday and then dump?
That's fairly critical resistance that was just broken. The rule is: once breached, resistance becomes support.
It's likely we'll keep pumping until the blocks fill up, then we'll see a correction of some sort, and then the pump will continue until either the market clues in that Core has no intention of increasing blocksize or even rolling out SegWit until after the halving. Then comes the dump.
Three weeks until the deadline, so I thought we'd chill until then, but I was wrong. Very very expensively wrong.