In all seriousness, Tradingview is 99% bearish, and those guys are now falling over themselves talking about flash crashes to $50.... and to $2.
These guys are gonna get squeezed hard (and then tell everyone they saw the rally coming). My two cents.
These guys are gonna get squeezed hard (and then tell everyone they saw the rally coming). My two cents.
Tradingview's supposed TAs are full of shit. Whenever the market doesn't do what they expect (which is 95% of the time), and/or just goes sideways, they draw new arbitrary lines and graphs and come up with a new string of predictions. The truth is that none of them know what the fk is going on or what the market will do.
On a related note, go have a look at reddit/r/BitcoinMarkets lately. 3 months ago, it was chock full or bullish or bearish TA's who just KNEW exactly what was coming next in the bitcoin market based on their magical TA. Now that the market has just gone sideways and befuddled all of them for the past couple of months, BitcoinMarkets is now a complete ghost town. You can almost hear the tumbleweeds rolling by. All the Traders/TAs just lost interest and left (because the market continuously proved them wrong).
