I hope that you guys know that TA works because some other people are reading these predictions by self proclaimed anal-ysts and following them. Psychological barriers are just round numbers, resistance levels are points that correlate with certain round percentage gains or losses. It's all bullshit. A cat and mouse game.
Maybe if I sell now more people will sell too, and then I will buy back before them. This is the kind of logic that drives the market.
BTC market is unique because investors lack confidence. At least half of them don't know what they're buying and get scared by things like FB banning crypto adds or some Korean exchange being hacked. That's why TA has such a low success rate in this market.
Topic: There's no point in re-testing $1300 (Read 149 times)
Their analysis lack merit and to forecast that bitcoin is getting to 1300 anytime sooner look absurd to me. Bitcoin manipulation by the whales can not go far as bringing bitcoin to 1300.
Correct, I don't think that they will have to wait for the price to hit 1300$ before saying that they will buy a bunch. Even today they can do it at 5800$-5900$. Whales will be whales, they love to manipulate whenever they can and if someone see the price today at ripe for the taking, then obviously they will go for it and not to wait for the price to even dip further. I don't know why Tone Vays, maybe he wanted to influence the market again so that he as whales can buy tons of bitcoin in a snap.
Their analysis lack merit and to forecast that bitcoin is getting to 1300 anytime sooner look absurd to me. Bitcoin manipulation by the whales can not go far as bringing bitcoin to 1300.
Always think positive and keep holding as what you have invested now. Probably, those whales are having not good reputation to some others because they keep spreading a FUD news and fake articles just to discouraged small holders and sell them all if you see that your profit was there the stop .
it is just like Tom Lee, McAfee,... all over again. they call a dumb high price that is not going to happen in their time frame and these other group are calling a dumb low price that is not going to happen at all.
in the end they are all fishing for attention and trying to push the market in the direction that benefits them the most.
in the end they are all fishing for attention and trying to push the market in the direction that benefits them the most.
I see some analysts hinting to $1300, this is bullshit and nonsense, there's no point to it. If you are a whale capable of moving markets, pump the price as soon as we hit $4900 and start the next cycle for an all time high, this autistic obsession of needing to re-test former resistances by technical analyst nutjobs (hint: Tone Vays) is total nonsense and unnecessary. Just make it bounce from $4900 and we'll go from there, it's enough of a good re-test to start the rise to $100k
Do you really think $100,000 is possible in the short term?
I don’t see it as a reality until around 6-12 months after the next halving.
I agree. However, the word "test" and, even worse, "re-test", are just terms used by shameless speculators, who wants to buy in a very low price.
5k was "tested" several times during the rise last year, and also 8k, and then 10k. Thats why too much people was took by surprise, when they saw the price falling so much.
When you say the price was enough "tested", people enter in a comfort zone, and think a fall will never happen, since the price is now "safe", because it was "tested".
We should avoid those fancy words. Theres no "test" of price here, the only real test is on your nerves.
5k was "tested" several times during the rise last year, and also 8k, and then 10k. Thats why too much people was took by surprise, when they saw the price falling so much.
When you say the price was enough "tested", people enter in a comfort zone, and think a fall will never happen, since the price is now "safe", because it was "tested".
We should avoid those fancy words. Theres no "test" of price here, the only real test is on your nerves.
The optimum word here is 'test'. And it can have two outcomes... It can successfully bounce back up or burn right through.
What you are suggesting is an artificial pump.
What you are suggesting is an artificial pump.
I see some analysts hinting to $1300, this is bullshit and nonsense, there's no point to it. If you are a whale capable of moving markets, pump the price as soon as we hit $4900 and start the next cycle for an all time high, this autistic obsession of needing to re-test former resistances by technical analyst nutjobs (hint: Tone Vays) is total nonsense and unnecessary. Just make it bounce from $4900 and we'll go from there, it's enough of a good re-test to start the rise to $100k
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