Hi guys,
The current trend is much like the former one. It’s hard to reverse to drop since the price rises from $65 to $104 which is a strong trend. We still need to confirm the upside resistance. Let’s say it is just fixing the rise and there will be a sprint to decide whether long or short is predominant. It’s high-risk area at/above $110. (GMT+8)
Thanks.
Topic: Bitcoin market trend analysis- so far the most reliable through 2-month test (Read 3969 times)
July 22, 2013, 08:58:50 PM
July 22, 2013, 03:10:16 AM
I am a bit confused where the blog is? Or can you post the latest forecast here?
Hi,
Yeah.
Will update tomorrow.
His blog is Chinese and you may also check from twitter: 796 Xchange.
Thanks.
Sincerely,
796 Exchange
July 22, 2013, 02:48:06 AM
I am a bit confused where the blog is? Or can you post the latest forecast here?
July 18, 2013, 10:19:16 PM
hi,
We know that the trend analysis isn't going well.
What we want to say is that Mr. Zhu is trying his best to share his views here and hope this can be a little bit help for you.
And we also know that he cannot be 100% right for the short-term forecast all the time.
We really appreciate you guys spend time reading this and some might have followed this closely.
Yet, you need to think carefully before invest.
We hope people can make money and be happy.
If this caused inconvenience, we're sorry.
the following is from yesterday:
The short-term trend is similar to earlier drop. The trend won’t reverse immediately because of abrupt drop in the uptrend and it needs time to be confirmed. Currently, the price falls too much and we may decide direction after further consolidation. The long-term trend is still dropping slowly downwards. For medium-long term, we may pay attention to price above or under 100$.
We wanna remind our friends that his forecast is aiming short-term trend and one day in advance at most.
So, you still need to decide yourself and just take this as a reference.
Sincerely,
796 Exchange
We know that the trend analysis isn't going well.
What we want to say is that Mr. Zhu is trying his best to share his views here and hope this can be a little bit help for you.
And we also know that he cannot be 100% right for the short-term forecast all the time.
We really appreciate you guys spend time reading this and some might have followed this closely.
Yet, you need to think carefully before invest.
We hope people can make money and be happy.
If this caused inconvenience, we're sorry.
the following is from yesterday:
The short-term trend is similar to earlier drop. The trend won’t reverse immediately because of abrupt drop in the uptrend and it needs time to be confirmed. Currently, the price falls too much and we may decide direction after further consolidation. The long-term trend is still dropping slowly downwards. For medium-long term, we may pay attention to price above or under 100$.
We wanna remind our friends that his forecast is aiming short-term trend and one day in advance at most.
So, you still need to decide yourself and just take this as a reference.
Sincerely,
796 Exchange
July 17, 2013, 08:53:21 PM
Today's update:(GMT+8)
From the 4-hour chart, it reveals just like the update from 2 days ago. The strong correction stays at a relatively higher price area. Currently the correction approaches $100 from hour chart. And buy strength is stronger. It will break out to upside any time if correction continues to be at 100$. The upside target area is $110-$115.
Thanks!
The update from 16th, July is still applied.From the 4-hour chart, it reveals just like the update from 2 days ago. The strong correction stays at a relatively higher price area. Currently the correction approaches $100 from hour chart. And buy strength is stronger. It will break out to upside any time if correction continues to be at 100$. The upside target area is $110-$115.
Thanks!
Thanks.
July 16, 2013, 09:19:18 PM
today's update: (GMT+8)
We see over drop bounces after long power temporarily disappeared. Upward resistance area is around 80$. From the 4-hour chart, long strength temporarily fails after continuous drop recently. A wave of bounce comes out after standing at the short term average price line. Subsequent correction should be 70$-80$. We may decide buy or sell after testing the long and short strength. We would advise short sell when approaching 85$ for short term.
Thanks.
We see over drop bounces after long power temporarily disappeared. Upward resistance area is around 80$. From the 4-hour chart, long strength temporarily fails after continuous drop recently. A wave of bounce comes out after standing at the short term average price line. Subsequent correction should be 70$-80$. We may decide buy or sell after testing the long and short strength. We would advise short sell when approaching 85$ for short term.
Thanks.
What happened to your suggestion to "short sell approaching 85$?" Not very good advice!
thats from July 8th, right?
he is better at forecasting one day's trend at most.
and it's often for short term.
we're sorry if his forecast misled.
take care.
sincerely,
796 Exchange
July 16, 2013, 09:20:32 AM
That's fine. Then show me somewhere else here where he said to buy long or sell short where he was correct.
July 16, 2013, 05:27:50 AM
today's update: (GMT+8)
We see over drop bounces after long power temporarily disappeared. Upward resistance area is around 80$. From the 4-hour chart, long strength temporarily fails after continuous drop recently. A wave of bounce comes out after standing at the short term average price line. Subsequent correction should be 70$-80$. We may decide buy or sell after testing the long and short strength. We would advise short sell when approaching 85$ for short term.
Thanks.
We see over drop bounces after long power temporarily disappeared. Upward resistance area is around 80$. From the 4-hour chart, long strength temporarily fails after continuous drop recently. A wave of bounce comes out after standing at the short term average price line. Subsequent correction should be 70$-80$. We may decide buy or sell after testing the long and short strength. We would advise short sell when approaching 85$ for short term.
Thanks.
What happened to your suggestion to "short sell approaching 85$?" Not very good advice!
They can't be right 100% of the time, that's not how speculating works.
July 15, 2013, 11:26:55 PM
today's update: (GMT+8)
We see over drop bounces after long power temporarily disappeared. Upward resistance area is around 80$. From the 4-hour chart, long strength temporarily fails after continuous drop recently. A wave of bounce comes out after standing at the short term average price line. Subsequent correction should be 70$-80$. We may decide buy or sell after testing the long and short strength. We would advise short sell when approaching 85$ for short term.
Thanks.
We see over drop bounces after long power temporarily disappeared. Upward resistance area is around 80$. From the 4-hour chart, long strength temporarily fails after continuous drop recently. A wave of bounce comes out after standing at the short term average price line. Subsequent correction should be 70$-80$. We may decide buy or sell after testing the long and short strength. We would advise short sell when approaching 85$ for short term.
Thanks.
What happened to your suggestion to "short sell approaching 85$?" Not very good advice!
July 15, 2013, 08:54:06 PM
Good news!
July 15, 2013, 08:52:57 PM
Today's update:(GMT+8)
From the 4-hour chart, it reveals just like the update from 2 days ago. The strong correction stays at a relatively higher price area. Currently the correction approaches $100 from hour chart. And buy strength is stronger. It will break out to upside any time if correction continues to be at 100$. The upside target area is $110-$115.
Thanks!
From the 4-hour chart, it reveals just like the update from 2 days ago. The strong correction stays at a relatively higher price area. Currently the correction approaches $100 from hour chart. And buy strength is stronger. It will break out to upside any time if correction continues to be at 100$. The upside target area is $110-$115.
Thanks!
July 14, 2013, 08:56:35 PM
today's upodate:(GMT+8)
Currently, the correction stays at a higher price. It’s still market correction following the price rise. We may continue to pay attention to the strong and weak key price of $95. We predict that the correction will be around $95 for a little bit long time. It may touch $100-$110 area upwards if the price rises to 95$ and stands stable. Downward short-term support is 90$.
Thanks!
Currently, the correction stays at a higher price. It’s still market correction following the price rise. We may continue to pay attention to the strong and weak key price of $95. We predict that the correction will be around $95 for a little bit long time. It may touch $100-$110 area upwards if the price rises to 95$ and stands stable. Downward short-term support is 90$.
Thanks!
July 12, 2013, 08:21:49 AM
Where is there more information about investing in your exchange? Total number of shares issued vs how many issued to public for sale. Dividend history etc...
Hi there,you may check here for more information: https://796.com/help.html
and here is for stocks: https://796.com/stockpd
total shares is 1million and now there's 210,900 in circulation.
you may also access to online support for help.
thanks.
here is a ref link for the 796 Exchange platform!
https://796.com/invite/do/105758
feel free to use it :-) Thanks guys
July 12, 2013, 03:38:20 AM
Hi everybody,
In the previous post I mentioned that there was no obvious big trading following yesterday’s slump. We can see the previous several bottom features from the chart, in which all accompanying with substantially increased volume and slump. Thus, we still need to observe to decide whether 72$ is the lows in the near future. Since there is no sign of much rise or arbitrage, I had transferred the last Bitcoins worth tens of thousands from MTGOX to BTTC and then sold them all this morning. (Time: GMT+8)
http://ww4.sinaimg.cn/mw1024/41b3e6f7gw1e6bzqluqptj20dh09xwew.jpg
Thanks!
In the previous post I mentioned that there was no obvious big trading following yesterday’s slump. We can see the previous several bottom features from the chart, in which all accompanying with substantially increased volume and slump. Thus, we still need to observe to decide whether 72$ is the lows in the near future. Since there is no sign of much rise or arbitrage, I had transferred the last Bitcoins worth tens of thousands from MTGOX to BTTC and then sold them all this morning. (Time: GMT+8)
http://ww4.sinaimg.cn/mw1024/41b3e6f7gw1e6bzqluqptj20dh09xwew.jpg
Thanks!
Good info. Keep going!
July 12, 2013, 02:33:02 AM
Where is there more information about investing in your exchange? Total number of shares issued vs how many issued to public for sale. Dividend history etc...
Hi there,you may check here for more information: https://796.com/help.html
and here is for stocks: https://796.com/stockpd
total shares is 1million and now there's 210,900 in circulation.
you may also access to online support for help.
thanks.
July 11, 2013, 09:58:04 PM
Where is there more information about investing in your exchange? Total number of shares issued vs how many issued to public for sale. Dividend history etc...
July 11, 2013, 08:49:43 PM
Today's update:(GMT+8)
We could see a strong bounce and there’s chance of expanding space. The correction stays in strong area at night and there shows a sign of rally. The upside resistance area is $95-$100. It’s preferable to short the market in batches. There is over $10 space for operation as to my advice, even if unexpected trend appears, there’s 5$ space at least. I know this may miss lots of opportunities, but it’s important for analysis with conservatism and accuracy.
Thanks!
We could see a strong bounce and there’s chance of expanding space. The correction stays in strong area at night and there shows a sign of rally. The upside resistance area is $95-$100. It’s preferable to short the market in batches. There is over $10 space for operation as to my advice, even if unexpected trend appears, there’s 5$ space at least. I know this may miss lots of opportunities, but it’s important for analysis with conservatism and accuracy.
Thanks!
July 10, 2013, 08:57:40 PM
Today's update: (GMT+8)
A strong rally appeared this morning. The correction was strong yesterday evening and the price got recovered promptly and the correction stayed in the higher area after slump. For short term, there will be correction at around 85$. We would advise sell at over 90$ in batches if you want short sell.
Thanks!
A strong rally appeared this morning. The correction was strong yesterday evening and the price got recovered promptly and the correction stayed in the higher area after slump. For short term, there will be correction at around 85$. We would advise sell at over 90$ in batches if you want short sell.
Thanks!
July 09, 2013, 08:59:44 PM
today's update: (GMT+8)
From the chart we may see fix trend continues after slump. We predict regular correction at relatively low area and wait for new long/short strength cohesion. On the short term, correction shows strong from 4-hour chart and there’s chance for upward resistance test, but the whole space won’t be too much. We may short sell around 85$ in batches and buy long around 70$ in batches.
Thanks!
From the chart we may see fix trend continues after slump. We predict regular correction at relatively low area and wait for new long/short strength cohesion. On the short term, correction shows strong from 4-hour chart and there’s chance for upward resistance test, but the whole space won’t be too much. We may short sell around 85$ in batches and buy long around 70$ in batches.
Thanks!
July 08, 2013, 08:51:48 PM
Today’s similar to yesterday’s update. (GMT+8)
The correction shall be area $70-$80. We may decide buy or sell after testing long/short strength. We would advise short the market around $85 for short term. What worth mentioning here is that there’s no enough space within area $70-$80. We would not give advice if there’s no more than 10$ volatility space. However, the space for short sell will be relatively large if the price unexpectedly rises to around 85$.
Thanks!
The correction shall be area $70-$80. We may decide buy or sell after testing long/short strength. We would advise short the market around $85 for short term. What worth mentioning here is that there’s no enough space within area $70-$80. We would not give advice if there’s no more than 10$ volatility space. However, the space for short sell will be relatively large if the price unexpectedly rises to around 85$.
Thanks!
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