Post
Topic
Board Speculation
Re: Bitcoin is facing a tough time at the moment because...
by
Moiyah
on 27/06/2018, 13:32:55 UTC
one thing is for sure, you can not use Technical Analysis, Moving Average,... to predict bitcoin. bitcoin will move on its own accord. your TA may sometimes work but most of the times it won't. right now this is all unexpected, the FUD and the dumpings are crashing the price and it will continue to do so until the two opposite forces (the other is the buy support) cancel each other and price reverses back up until next FUD.

And this is statement makes all sense. Despite of the SMA, RSI, BB I am using in trading, we cannot control how that fud really affect the price. Regardless of being an expert in reading indicators, TAs are somewhat useless and the opposite thing happening. When people expect it to pump, it will unexpectedly dump. How pathethic.