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Author Topic: I know how to predict the price... I think  (Read 309 times)
ibrahim11
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November 03, 2015, 06:26:15 PM
 #1

Hi, some of you may argue with this but here goes. It's not a early prediction but it can give us some idea. For the past two days I have been looking at btc/cny rate (China). When we were at 320USD they were above 350USD. We then broke 350USD. When we were at 360USD on today's opening, china was at 408USD about 2/3 hours ago. Now we have just broken 408USD and are at 413USD at time of writing this post. What do you guys think???

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InfiniteGrim
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November 03, 2015, 06:28:52 PM
 #2

So your way of pridicting price is to look at the price on another market? Genius!  Huh

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vuduchyld
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November 03, 2015, 06:31:53 PM
 #3

Probably some truth to that.

I think it's impossible to predict where this is going and even MORE impossible to predict when.  But I'd suspect that as long as Huobi has a $20 premium over Bitstamp, it wouldn't make an awful lot of sense to sell NOW.

Trailing stops, on the other hand...
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