Re: Theory: 3100 Yuan is a the crucial point for continuing the rally
This is the third time btc has seriously tried to break 3100 on Huobi and OKCoin in the last week. Looks like it will cruise through this time since it's more of a steady rise but who knows.
Also, notice how 30 thousand+ coins are thrown around like it's no big deal on Huobi
CNY/BTC volume on these exchanges have no fees. None of this volume matters. The 30K coins is actually a bunch of bots with no more than 400 coins each passing back and forth the same coins dozens of times in a high frequency trading algorithm. Do not follow these exchanges. Bitfinex is currently the leader.Also, notice how 30 thousand+ coins are thrown around like it's no big deal on Huobi