Very important chart about the be invalidated?

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: Bossian on March 09, 2020, 03:52:40 AM

Correct me if wrong but I think we just broke below the green support line

This cute chart was posted by website beincrypto.com https://beincrypto.com/btc-bitcoin-price-prediction-2019-2020-5-years-updated-10-10-2019/

It was never a "support line." When people make fun of chartists for drawing random lines, this is what they are talking about. I can't understand why this "trend line" (formed by a single high and a single low....) ever mattered.

Quote from: Bossian on March 09, 2020, 03:52:40 AM

wondering what's the author's opinion now? Does he have another bullish scenario to back up this failed prediction?

Looks like he changed his name on Tradingview. https://www.tradingview.com/u/valdrint/

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I prefer when people stand behind their predictions. Cheesy

Bossian

member

Activity: 450

Merit: 59

Correct me if wrong but I think we just broke below the green support line

This cute chart was posted by website beincrypto.com https://beincrypto.com/btc-bitcoin-price-prediction-2019-2020-5-years-updated-10-10-2019/ wondering what's the author's opinion now? Does he have another bullish scenario to back up this failed prediction?

Bossian

member

Activity: 450

Merit: 59

The chart was made and posted on beincrypto website in September (hence the $8400 price).
We see the long term support and resistance (green and blue lines), next coming weeks will be extremely important, many bearish indicators are still in action and show we could witness a tough 2020.

This chart could be invalidated in the next coming months. Crucial times ahead Tongue

Topic: Very important chart about the be invalidated? (Read 135 times)