Lol I don't believe in technical analysis as anyone can draw some lines and make a prediction. I have not seen anyone yet who can make accurate predictions for crypto all the time. We gonna need to see what happens, right now we are in a downwards trend but in crypto everything is possible.
I don't believe in it either. Anyone can draw whatever they want and make the chart look like price is going up or down. To my mind, it's the most meaningless indicator when someone puts lines on charts because lines can't tell you what's going to happen tomorrow.
By the way, Bitcoin price event is getting more interesting. There are five more days left and price still plays between the 39 and 41K. Some hours ago I checked the price and it was 39,900 USD, now it's 40700 USD. If it continues to play like that during the final hours, it will be very thrilling to watch it live.
Well, what I think about all this is that when a technical analysis is done things can become very strange, sometimes those lines don't tell us anything , I am one of those who Believe that the Easiest technical analysis is that one. What is done long term, because there is more option for things to turn out well, in this order of ideas I would Say that when it comes to Doing things this way we have to try to see if the Analysis has an analysis Associated with the Fundamental Analysis That's why when we do any type of event we must show that things are well Supported , sometimes the technical Analysis is always placed for the short term , in the Short term if I see that it is possible, for That's because the technical analysis for me would be Better to do when it's on or Leave it last in the analysis, this to corroborate the things he wrote because they can be done Better , Although I know there are Buts that they make lines and lines just by Looking at the chart , Clear is a vision of being more chartist.
So things when it has to do with Bitcoin can be different, for that Reason when we make or see different visions to generate the best, it is possible because yes , Bitcoin can rise in price, bitcoin can do things better, but For these things we must Always consider that when we are doing an analysis with respect to Bitcoin, it can be changeable, as I said , bitcoin had a Price of $39k , now it is at $40k, so we don't know if it will go up Next year going down , that Changed what it is in a period of fast time because that's the only way you can get the good indications of things, in this order of days I could speculate that the tbicoin will go up, but my Predictions without doing technical analysis, they are going to be long term , maybe in some 9 months or 10 , but I know that it is not going to happen.