The problem that I see with trading graphs is that the price manipulators read them as well. They know that if they push a price through a "restance level" it will trigger the reaction they want, and push the price further in their desired direction. This saves them having to invest more money in their price manipulation. It can also lead to much wilder swings in the price.
Bitcoin is quite a difficult investment decision at the moment. I think you need to ignore the price, and think about the groups who will want to keep Bitcoin as a long term investment, and also you need to consider how its usage pattern will change over the current year.
Bitcoin is quite a difficult investment decision at the moment. I think you need to ignore the price, and think about the groups who will want to keep Bitcoin as a long term investment, and also you need to consider how its usage pattern will change over the current year.
I totally agree you can't read graphs as they are not that much accurate. I mean this is pure speculation from this point where fake news can cause nice dump and where good news can cause nice uptrend. There's nothing more special about it. It could dump till 0 tomorrow.
