Post
Topic
Board Trading Discussion
Re: BTC atm
by
Chris!
on 27/02/2018, 20:17:24 UTC
What is your take on BTC atm from a technical perspective?

Have you seen how many people have agreed in their technical analysis on the possible increases and falls in the bitcoin price?

I myself see in a certain channel of news where they do technical analysis and sincerely I have not seen one day that they have hit their predictions, I have already tried to make myself guinea pig using the technical analysis of them as a reference and i lost my money

But what is your take on the BTC market atm from a graph-perspective (fundamental is welcome as well!)?

well, the price of bitcoin increases when we have good news and decreases when we have bad news, so even if you spend hours doing technical analysis in the end will not be much help

Personally, I am very much in doubt. I do not like the current volume levels

is good you touched on this subject, I observe same situation, I was watching the volume of many altcoins and everything is down, last year in that same month the volume was very low


Agreed. TA in crypto is useless. Short term, no one knows and long term we'll see more adoption. A 60% dip scares some newbies to sell, but as usual, we'll heady back in the right direction. I wouldn't expect this flat line to last much longer.