Every time we go up a little there is an influx of "traders" and "analysts" trying again to guess the trend.
Lately, I see no difference between those and pop stars or other celebrities that make tv appearances without anything to say for real just to promote themselves. If you spend 4 hours a day traveling between in tv shows, 2 hours tweeting and posting on Instagram and FB what time do you have to actually do some research and not talk out of your you know what all day?
I might be wrong since with so many wannabe Nostradamus there is a slim chance there is somebody who has guessed them all but I doubt there is an analyst that has guessed the price fluctuation for the last two years. Not even talking about a longer period of time since that is probably impossible.
But I still wonder If you have been wrong 3 times in guessing the price in a year, from where do these persons get the nerve to come again out in the open and make predictions again posing like experts?
Topic: Technical analysts becoming bullish on bitcoin - page 2. (Read 343 times)
According to Tom Lee, however hehehe. He is back and he is very bullish as always when he was interviewed in Fox Business. He also mentioned that bitcoin's fair value is his $25k price prediction of 2017 ahahahahaa!
Citing, a piece of analysis from the ill-named “Magic Poop Cannon,” a well-followed, yet oddly titled crypto trader, Lee remarked that technical analysts that were bearish in early-2019 are becoming “incrementally bullish” on BTC. But why is that?
According to the analysis that Lee, a former managing partner at JP Morgan & Chase, cited, the odds are increasing that the “Bitcoin Bear” is dead. Magic, who made a comment that BTC is most likely to bottom at $2,000 earlier this week, remarked that Friday’s jaw-dropping rally presents a positive technical case for the flagship cryptocurrency.
The trader remarked that Friday’s 8% move, which set BTC above $3,700, rallied back into a triangle formation that was important before the late-January sell-off. Magic claims that if BTC can close its daily candle above ~$3,600, “this [will be] very bullish.”
As hinted at earlier, Lee’s recent “hopium” high comes after he made an appearance on American television to talk Bitcoin. He explained on-air that $25,000 is a “fair value” for the leading cryptocurrency, citing the thirst for an uncorrelated digital asset that isn’t only used for speculative purposes, but as a newfangled form of money and store of value too.
Read in full https://www.newsbtc.com/2019/02/11/fundstrats-tom-lee-technical-analysts-becoming-incrementally-bullish-on-bitcoin/
Citing, a piece of analysis from the ill-named “Magic Poop Cannon,” a well-followed, yet oddly titled crypto trader, Lee remarked that technical analysts that were bearish in early-2019 are becoming “incrementally bullish” on BTC. But why is that?
According to the analysis that Lee, a former managing partner at JP Morgan & Chase, cited, the odds are increasing that the “Bitcoin Bear” is dead. Magic, who made a comment that BTC is most likely to bottom at $2,000 earlier this week, remarked that Friday’s jaw-dropping rally presents a positive technical case for the flagship cryptocurrency.
The trader remarked that Friday’s 8% move, which set BTC above $3,700, rallied back into a triangle formation that was important before the late-January sell-off. Magic claims that if BTC can close its daily candle above ~$3,600, “this [will be] very bullish.”
As hinted at earlier, Lee’s recent “hopium” high comes after he made an appearance on American television to talk Bitcoin. He explained on-air that $25,000 is a “fair value” for the leading cryptocurrency, citing the thirst for an uncorrelated digital asset that isn’t only used for speculative purposes, but as a newfangled form of money and store of value too.
Read in full https://www.newsbtc.com/2019/02/11/fundstrats-tom-lee-technical-analysts-becoming-incrementally-bullish-on-bitcoin/
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