Topic: Bitcoin market trend analysis- so far the most reliable through 2-month test (Read 7329 times)
January 19, 2014, 02:34:51 AM
OP has 15 years experience in financial markets and is the founder of a budding futures exchange in HK? Can we get some updates to this? What does Zhurong think of the current markets? Also, I see Coinbase looking for a derivatives market. Would be nice to get his comments here.
July 31, 2013, 11:23:48 AM
now, when will we breach 115, is the question. Hopefully it is before another bear market can be confirmed
July 31, 2013, 11:22:02 AM
July 31, 2013, 11:20:41 AM
Quote
It’s high-risk area at/above $110.
Indeed.
July 31, 2013, 09:36:36 AM
There has been significant resistance above 110, until someone performs the daring move to 114 - 115, which is still possible.
After that, either we drop, or we climb to 130 and beyond (resistance is futile).
After that, either we drop, or we climb to 130 and beyond (resistance is futile).
July 31, 2013, 09:26:10 AM
Ok, took a few days, but we're here now.
110 came true.
Good job I guess !
Where to now?
110 came true.
Good job I guess !
Where to now?
July 31, 2013, 07:44:35 AM
July 23, 2013, 01:37:06 AM
So you maintain a 110 target? Hmmm....
July 22, 2013, 09:02:16 PM
I could see it
July 22, 2013, 08:57:46 PM
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.
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.
July 22, 2013, 04:06:41 AM
possible rise to $110 over the next couple of days that my prediction and who am i a nobody that is all
July 22, 2013, 02:18:27 AM
July 21, 2013, 02:53:56 PM
July 21, 2013, 01:42:01 PM
no more predictions?
July 19, 2013, 10:59:05 AM
wow huge buyings...
Could it be related to the buyout? maybe the buyer/s of SatoshiDice started buying BTC (Batch #1 from 135,000) ?
Could it be related to the buyout? maybe the buyer/s of SatoshiDice started buying BTC (Batch #1 from 135,000) ?
They told you in other thread... the buyer ALREADY bought SatoshiDice , and the people will be getting BTC which then can be dropped into the market.
July 19, 2013, 10:56:42 AM
wow huge buyings...
Could it be related to the buyout? maybe the buyer/s of SatoshiDice started buying BTC (Batch #1 from 135,000) ?
Could it be related to the buyout? maybe the buyer/s of SatoshiDice started buying BTC (Batch #1 from 135,000) ?
July 18, 2013, 11:08:37 PM
hi,
We know that the trend analysis isn't going well.
What we want to say is that Mr. Zhu is trying his best to share his views here and hope this can be a little bit help for you.
And we also know that he cannot be 100% right for the short-term forecast all the time.
We really appreciate you guys spend time reading this and some might have followed this closely.
Yet, you need to think carefully before invest.
We hope people can make money and be happy.
If this caused inconvenience, we're sorry.
the following is from yesterday:
The short-term trend is similar to earlier drop. The trend won’t reverse immediately because of abrupt drop in the uptrend and it needs time to be confirmed. Currently, the price falls too much and we may decide direction after further consolidation. The long-term trend is still dropping slowly downwards. For medium-long term, we may pay attention to price above or under 100$.
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$.
We wanna remind our friends that his forecast is aiming short-term trend and one day in advance at most.
So, you still need to decide yourself and just take this as a reference.
Sincerely,
796 Exchange
It was a big mistake, but nobody can be always right. Any analysis is welcome.
A problem is maybe a matter of timing, it's short term prediction and the analysis seems to be posted half a day after the forecast. With short term prediction, things can evolve fast. When you posted the last analysis, the price was already falling (making the analysis obsolete).
yeah, the post is indeed delayed about 3-4 hours.
will improve this.
thanks for your reminding. appreciated.
July 18, 2013, 10:26:56 PM
hi,
We know that the trend analysis isn't going well.
What we want to say is that Mr. Zhu is trying his best to share his views here and hope this can be a little bit help for you.
And we also know that he cannot be 100% right for the short-term forecast all the time.
We really appreciate you guys spend time reading this and some might have followed this closely.
Yet, you need to think carefully before invest.
We hope people can make money and be happy.
If this caused inconvenience, we're sorry.
the following is from yesterday:
The short-term trend is similar to earlier drop. The trend won’t reverse immediately because of abrupt drop in the uptrend and it needs time to be confirmed. Currently, the price falls too much and we may decide direction after further consolidation. The long-term trend is still dropping slowly downwards. For medium-long term, we may pay attention to price above or under 100$.
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
It was a big mistake, but nobody can be always right. Any analysis is welcome.
A problem is maybe a matter of timing, it's short term prediction and the analysis seems to be posted half a day after the forecast. With short term prediction, things can evolve fast. When you posted the last analysis, the price was already falling (making the analysis obsolete).
July 18, 2013, 10:17:26 PM
very nice post
Predict a rise to 110 and instead having a fall to 80s, I don't know if we can call it a "nice post"... neither "the most reliable analysis"
He cannot be always right.
The original intention to creating this post is to give his view and Bitcoiners may take this as a reference.
You still need to think carefully when you're operating.
And he's just forecasting short-term trend(one day in advance at most).
We're sorry if you follow closely to his forecast and make a loss.
kind regards,
Nobody saw the sale of Satoshi Dice coming which triggered the short fall. I can't believe people are holding that against him.
thanks Ares.
it's not easy to earn complete trust and he's just do what he thinks is right.
take care.
July 18, 2013, 10:14:33 PM
The problem is that so far he has been wrong much more often than right.
Hi there,
most members on our platform do very short term investment and we carry weekly settlement.
i know he's wrong recently.
but most do make money following his forecast.
i'm not defending him, just wanna say maybe we should see this in the long run?
thanks.
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