Bitcoin market trend analysis- so far the most reliable through 2-month test

[796]

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!

[superbit]

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...

[796]

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.

[JollyGood!]

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!

Good info. Keep going!

[alexius89]

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

[796]

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!

[796]

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!

[ArcticWolf]

Good news!

[dwdoc]

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.

What happened to your suggestion to "short sell approaching 85$?" Not very good advice!

[ArcticWolf]

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.

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.

[dwdoc]

That's fine.  Then show me somewhere else here where he said to buy long or sell short where he was correct.

[796]

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.

What happened to your suggestion to "short sell approaching 85$?" Not very good advice!

Hi,
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

[796]

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.
Thanks.

[796]

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

[prophetx]

I am a bit confused where the blog is?  Or can you post the latest forecast here?

[796]

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

[796]

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.