I have just checked the price and i was surprised that we aren't down to your called low
Topic: Where BTC go - page 3. (Read 700 times)
Interesting technical analysis. you make a support line out of two random candle sticks and call it technical analysis? which timeframe do you use? and just by the way, metatrader for technical analysis, really?
I have just checked the price and i was surprised that we aren't down to your called low
I have just checked the price and i was surprised that we aren't down to your called low
I don't care about the analysis of others, but if the analysis will be positive I will trust if but the analysis is negative to bitcoin so I will not trust to this. Because also look bitcoin it's 8000 dollars so tell me right now why bitcoin going down $7000 or $6000 what is the main reason of that? Few people only believe that and we believe to the rising of the bitcoin not to dumping.
I can't trust any words from newbies related to technical analysis because the price of bitcoin always depends on demand and supply if there is a big volume coming we should expect to see a big increase just like what happened a few days ago.
The reason why we are seeing price drop because there are many traders doing short trade that I think OP is one of them? Because he is trying to start a FUD here to encourage other people to sell.
Bitcoin price these days don't need technical analysis because more people are entering again in bitcoin and more business coming that may help bitcoin to push higher. Look at the news about AT&T they are now accepting bitcoin so bitcoin price should be increased more soon.
The reason why we are seeing price drop because there are many traders doing short trade that I think OP is one of them? Because he is trying to start a FUD here to encourage other people to sell.
Bitcoin price these days don't need technical analysis because more people are entering again in bitcoin and more business coming that may help bitcoin to push higher. Look at the news about AT&T they are now accepting bitcoin so bitcoin price should be increased more soon.
lol if you don't hear anything a "newbie" account says then how do you expect a "newbie" to create enough fud for a multi billion dollar market to pay attention to his fud??
Technical Analysis doesn't work everytime. It's still up to the market and traders where bitcoin will go. Remember last year that most people said it will hit 50k usd but it didn't happen and it just crashed for more than 50%.
That's your own technical analysis, but mind you, everyone has their own, and mind does not tell that the price will drop that low.
I am on the uptrend from this current price.
I am on the uptrend from this current price.
Bitcoin is volatile so it simply means that it could strike high or drop down anytime.
There's no assurance but the good thing is we could see the market going well these days which is just an indication that it could possibly go higher.
There's no theory or analysis could exactly predict the future of Bitcoin because if so, we should have all millionaires now.
There's no assurance but the good thing is we could see the market going well these days which is just an indication that it could possibly go higher.
There's no theory or analysis could exactly predict the future of Bitcoin because if so, we should have all millionaires now.
Its not a "technical analysis" but my own table, made for my own track..
As I trully believe BTC price will sit around 20k USD by Christmas, that's how my own predictions are, with an increase of 2 to 3%/week from now to October then an average of 5%/week from November to December
*Please note that this is only an estimate of how prices would be if it follows the weekly growth quoted above
I have made this table at May/22 and so far the May/24 I was correct (it actually reach 100$ more than in my calc)
As I trully believe BTC price will sit around 20k USD by Christmas, that's how my own predictions are, with an increase of 2 to 3%/week from now to October then an average of 5%/week from November to December
*Please note that this is only an estimate of how prices would be if it follows the weekly growth quoted above
I have made this table at May/22 and so far the May/24 I was correct (it actually reach 100$ more than in my calc)
I have put the chart you linked in the OP below so we don't have to go elsewhere
I have a question: What time frame is on this chart? The support-resistance levels are drawn reasonably well and we can identify the double top feature, but I don't think the trend lines really work. The thrend lines are always drawn somewhat arbitrarily and can't predict anything.
I have a question: What time frame is on this chart? The support-resistance levels are drawn reasonably well and we can identify the double top feature, but I don't think the trend lines really work. The thrend lines are always drawn somewhat arbitrarily and can't predict anything.
First of all we cannot know when the price of Bitcoin will go since most of the time its price is unpredictable technical analysis is only a basis/references when the possible price to touch but everything can be change in cryptoworld if the price go down I would said it will touch to $6500 to $6800 then go up up again slide down and go up for another wave Bitcoin is super bullish right now I'm prety sure before the end of this year we will see a good price for Bitcoin hoping it will be back to its ATH or higher.
Anyways, it's too early to call, there are TA 'experts' who might agree with your analysis, but as far as bitcoin goes, it has still the momentum as of now and pushing higher than $8k. So maybe you're right it could go down as low as $6860 before eventually having a break out run to $10k in the next coming months.
Technical analysis can be used as a reference but it is not an assurance of what will come next in the market. It can only show the possibility of what could happen in the market. The market is to volatile and there had been a lot of TAs that failed to predict the price.
According to technical analysis, the BTC will down to the resistance around 7070, ....
According to technical analysis, technical analysis can't predict price movements. As far as I know, it can only help you know determine the odds, to help you make better trades. 
I can't trust any words from newbies related to technical analysis because the price of bitcoin always depends on demand and supply if there is a big volume coming we should expect to see a big increase just like what happened a few days ago.
The reason why we are seeing price drop because there are many traders doing short trade that I think OP is one of them? Because he is trying to start a FUD here to encourage other people to sell.
Bitcoin price these days don't need technical analysis because more people are entering again in bitcoin and more business coming that may help bitcoin to push higher. Look at the news about AT&T they are now accepting bitcoin so bitcoin price should be increased more soon.
The reason why we are seeing price drop because there are many traders doing short trade that I think OP is one of them? Because he is trying to start a FUD here to encourage other people to sell.
Bitcoin price these days don't need technical analysis because more people are entering again in bitcoin and more business coming that may help bitcoin to push higher. Look at the news about AT&T they are now accepting bitcoin so bitcoin price should be increased more soon.
According to technical analysis, the BTC will down to the resistance around 7070, then to around 6860, check the chart for more details.
https://screenshot.net/wr9pxf6
https://screenshot.net/wr9pxf6
According to technical analysis, the BTC will down to the resistance around 7070, then to around 6860, check the chart for more details.
https://screenshot.net/wr9pxf6
https://screenshot.net/wr9pxf6
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