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
Also, notice how 30 thousand+ coins are thrown around like it's no big deal on Huobi
3100 Yuan does appear to be a crucial resistance point. I thought 3000 Yuan would be more crucial, and I don't know why 3100 is a resistance. If it drops below the 3000 Yuan support I think the rally might be over, and if it breaks through 3100 I think 4000 Yuan will become feasible.