[2019-03-23]Bitcoin Bull Run Expected in August, Tom Lee Says

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Quote from: gabbie2010 on April 07, 2019, 09:04:05 AM

At least his latest prediction is based on technical analysis point of view, ie 'price above 200 moving average' most of his previous predictions is often not backed up just as a mere predictions which doesn't hold water and inaccurate however his latest prediction seems to be more reasonable and could come to pass as predicted.

Him stating that it is bullish for Bitcoin to hover above the 200 day average doesn't make him any smarter. Every person with basic understanding of markets knows that regardless of the asset, this moving average is a very important indicator.

Considering how he completely disregarded technical analysis before, while it was quite obvious that we were stuck in a bear market and a descending triangle, he remained bullish. If you have any sort of basic understanding of markets you wouldn't be bullish while the trend was down in the most obvious manner.

Tom Lee is a joke. He's desperately trying to be right so news outlets kiss his ass. He's nothing more than an attention whore. Every person with common sense would take a few steps back after being wrong so many times. Not Tom Lee. He loves this.

rodel caling

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Positive and good news predicting bitcoin bull run to give to our bitcoin fellowmen, I also assume bitcoin before end of this give highest increase value in the market cap.
This news is only a prediction from the people called finacial expert but do not full assume because prediction is only a prediction maybe they can get or not.

veleten

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Quote from: 1BTC EQUALS 1CAR on April 01, 2019, 10:33:21 AM

I'm just amazed that this guy is still because I'm imagining all the rich people that rely on his predictions and turned out to be just a hype at all.
Tom Lee should just shift in the comedic arts because he is a pure joke right from the start and he does not contribute any positive in the industry.

I have to disagree with you , he is contributing , his predictions create hype
and even if some of them ( if not all ) are pretty far from reality , this spreads the word of Bitcoin to the lands far and wide
even if his predictions swayed a dozen of people to invest or find out what bitcoin is after all - he is serving the grand purpose of increasing adoption

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Quote from: odolvlobo on March 31, 2019, 01:31:09 AM

None of Tom Lee's predictions have been correct. At some point, he may get one right but there is no reason to believe it will be this one.

At least his latest prediction is based on technical analysis point of view, ie 'price above 200 moving average' most of his previous predictions is often not backed up just as a mere predictions which doesn't hold water and inaccurate however his latest prediction seems to be more reasonable and could come to pass as predicted.

sunsilk

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Quote from: Taki on March 31, 2019, 05:46:55 AM

Uhh, how I'm tired from those "expectations" I just can't explain. One day it will come, a new bull run, to me it's norlt important when anymore. I'm ready to wait for years.

It's because most of his predictions are inaccurate and that's the feeling that you are taking right now, you can't explain if you're going to believe Tom Lee. But you can't do anything with it whether he keeps on predicting or will stop soon.

Quote from: elda34b on March 27, 2019, 11:57:26 PM

Quote from: btyco on March 25, 2019, 11:55:24 AM

the success rate of tommy lee's prediction are less than desirable. He should stop making predictions before he loses all credibility as a crypto expert. Just stick to litecoin development

How the hell can he stick to Litecoin development. Tom Lee is a 'data analyst', not coder according to his Twitter profile. Should've research better.

He thought that Charlie Lee = Tom Lee.

1BTC EQUALS 1CAR

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I'm just amazed that this guy is still because I'm imagining all the rich people that rely on his predictions and turned out to be just a hype at all.
Tom Lee should just shift in the comedic arts because he is a pure joke right from the start and he does not contribute any positive in the industry.

bitcoinisbest

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Quote from: Taki on March 31, 2019, 05:46:55 AM

Uhh, how I'm tired from those "expectations" I just can't explain. One day it will come, a new bull run, to me it's norlt important when anymore. I'm ready to wait for years.

We do expect it to be before August itself and this year will be or way much better than 2017. 2018 was a year of low and this year could just be of other wise and people who had being buying various coins and might end up becoming millionaire if they get it right in this bull run.

Taki

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Uhh, how I'm tired from those "expectations" I just can't explain. One day it will come, a new bull run, to me it's norlt important when anymore. I'm ready to wait for years.

odolvlobo

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None of Tom Lee's predictions have been correct. At some point, he may get one right but there is no reason to believe it will be this one.

Slow death

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Quote from: Vladdirescu87 on March 24, 2019, 05:45:24 AM

As investors continue to recover from the bearish market, the co-founder of Fundstrat Global Advisors Tom Lee remains optimistic and expects the next Bitcoin bull run to begin in August or September this year – which is five to six months from today. Lee has been making cryptocurrency predictions and comments for years.

Last year he made too many predictions and failed to hit any price predictions, I thought he had learned last year's lesson and had given up making price forecasts so he would save his little bit of reputation. but he did not give up and risked even more when making this prediction. we will see in August and September he spend another shame and maybe who knows this time he gives up making these predictions that never hits

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Quote from: wishxy on March 27, 2019, 07:52:07 PM

Quote from: btyco on March 25, 2019, 11:55:24 AM

the success rate of tommy lee's prediction are less than desirable. He should stop making predictions before he loses all credibility as a crypto expert. Just stick to litecoin development

Tommy Lee is not Charlie Lee.

Maybe he is Charlie's nephew Grin

So if the price does not increase and the bull run is not happening in August, we can call him a liar Grin

I don't know if we could get something from his prediction or not because of it still difficult to say that bitcoin will have time for the bull run in five to six months from now.
Besides that, that article doesn't show the chart that told the public how he made his predictions. We need to know that so we can make another analysis from his chart so maybe we can gather the information to find out what will happen in the middle of this year.

Ozero

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It is unlikely that a forecast of a rise in the price of Bitcoin can be built on the fact that if Bitcoin crossed the $ 4,000 mark in its price, then in two hundred days its rise will begin. This will not be the case anyway. It is necessary to proceed from a specific situation. In one case, Bitcoin can grow in one period of time, in the other - this time will be different. If Bitcoin is ready for growth, this can happen much earlier.

elda34b

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Quote from: btyco on March 25, 2019, 11:55:24 AM

the success rate of tommy lee's prediction are less than desirable. He should stop making predictions before he loses all credibility as a crypto expert. Just stick to litecoin development

How the hell can he stick to Litecoin development. Tom Lee is a 'data analyst', not coder according to his Twitter profile. Should've research better.

wishxy

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Quote from: btyco on March 25, 2019, 11:55:24 AM

the success rate of tommy lee's prediction are less than desirable. He should stop making predictions before he loses all credibility as a crypto expert. Just stick to litecoin development

Tommy Lee is not Charlie Lee.

btyco

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the success rate of tommy lee's prediction are less than desirable. He should stop making predictions before he loses all credibility as a crypto expert. Just stick to litecoin development

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Quote from: Bitcoin_Arena on March 24, 2019, 03:53:50 PM

Yup, i will only accept that a bull run is actually starting when i see bitcoin jump from 4K - 4.5K - 5K - 5.5K - 6k continuously without falling back to 3k or 3.5K.

I wouldn't put too much faith in that to be honest. When the market confidently breaks and closes above $6000 on the weekly, preferably the monthly time frame, then the bear market has come to an end for me. However, this still doesn't mean we will see a bull run pop up.

On top of that, too many people are too well prepared for a bull run, which means that they have bought in already or they firmly kept holding their bags. In other words, there is too much selling pressure that we have to deal with every few hundred $$ we go up. The previous bull runs were so intense because people didn't see them coming and they basically were forced to buy into the momentum in order to not be a sucker that keeps waiting for the price to tank, just like how people kept waiting for the price to pump last year while it kept going down.

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Quote from: Kakmakr on March 24, 2019, 01:42:17 PM

We need a small jump and it must stay there and then jump again to call it a start of a bull run, like we had in 2016 and 2017.

Yup, i will only accept that a bull run is actually starting when i see bitcoin jump from 4K - 4.5K - 5K - 5.5K - 6k continuously without falling back to 3k or 3.5K.
Now that will really get me believing in the next bull run.
Otherwise, these predictions are just bullshit.

Kakmakr

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A bullrun in my opinion is a constant fast paced upward movement in the price, not this $300 small jumps with a $300 decline within a few days.

We need a small jump and it must stay there and then jump again to call it a start of a bull run, like we had in 2016 and 2017. Why is August so significant?

coolcoinz

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I don't get how he makes these predictions. If he is still bullish, I guess he should expect it much earlier, since we are already on the rise with a much earlier target.
Anyway, his predictions have proven to be so bad that you can treat playing against them as an unofficial rule. Somebody should ask him if he's considering a different line of work after 2 years of failures as a trader.

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Least the article acknowledges the guy's been making predictions for years. They should run an analysis on accuracy. Make a nice attention-grabbing headline like "5% of Tom Lee's predictions come true". Now I bet that's worth 10 times more readers and clicks.

Really? The key is the 200-day MA? And if BTC stays above 4k then we're technically looking at a bull run?

Have our standards really dropped that much that we're grasping at straws now?

Vladdirescu87

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As investors continue to recover from the bearish market, the co-founder of Fundstrat Global Advisors Tom Lee remains optimistic and expects the next Bitcoin bull run to begin in August or September this year – which is five to six months from today. Lee has been making cryptocurrency predictions and comments for years.

While in a one-on-one interview with CNBC’s Futures Now, Lee said that:

“The key number to watch is the 200-day moving average… BTC’s bouncing along that. If Bitcoin holds above $4k, it’ll cross its 200-day [moving average] by August, so I think the outside window is five to six months before it starts to look technically like it’s back in a bull market.”

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-bull-run/

Topic: [2019-03-23]Bitcoin Bull Run Expected in August, Tom Lee Says (Read 292 times)