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

[triib4l]

possible rise to $110 over the next couple of days that my prediction and who am i a nobody that is all

[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.

[vokain]

I could see it

[Voodah]

So you maintain a 110 target? Hmmm....

[marvinrouge]

So you maintain a 110 target? Hmmm....

nice call

[Voodah]

Ok, took a few days, but we're here now.

110 came true.

Good job I guess !

Where to now?

[Tzupy]

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).

[marvinrouge]

It’s high-risk area at/above $110.

Indeed.

[vokain]

I could see it

 

[vokain]

now, when will we breach 115, is the question. Hopefully it is before another bear market can be confirmed

[cjanthony]

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.