As promised, today's update (GMT+8)
(since we are not native speaker of English, there might be inaccurate words. we will try to be better.)
Continuous slump recently, I pointed out the price was approaching $100 on June 24th and gave the breakout alert at $100 on June 28th. On July 1st, I reminded of watching out for sudden power of selling short and offered the $80-$85 as the relatively safe buy area. And I reminded of watching out for sell into correction if correction stays low and weak and also offered a safe buy price of around $75 on July 3rd.
You guys must have found that Im taking the trend that if theres no sign of rally at low correction, then there will be price slump risks for selling short as an important indicator. Here comes up with the most useful view sell short if it is supposed to rise but doesnt; buy long if it is supposed to go down but doesnt do so. Well, you should earn more experience to know when its supposed to go up or down. Besides, you need to grasp the general trend.
In two consecutive days, I forecast that the price drops around $15 when sell short and it fulfilled within 24 hours. I believe that Im the only person who can say like that. And the forecast has been fulfilled perfectly since May 1st.
PS: hence I think the bounces may have come to an end which began from $80, I shouldnt just let investors in QQ Group know. Therefore, I created my microblog account which may share my views with more Bitcoin funs.
Most investors in our official Tencent QQ Group( a kind of instant chatting tool in China) have successfully avoided the slump wave and a lot of members on our 796 Exchange have taken much profit from selling short. Ive kept emphasizing that we should treat Bitcoin investment rationally or it will just cost your money and confidence if you imagine blindly. Also, I think lots of Bitcoiners who believe in bright Bitcoin prospect are now feeling under pressure and beginning to fear to face the Bitcoin price. However, as long as you take it rationally, you can ignore the price.
See you tomorrow.