Post
Topic
Board Trading Discussion
Re: Bottom of BTC descending channel is 3000$?
by
denisaardelean
on 11/08/2018, 22:33:35 UTC
While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/
I think it's possible that the bitcoin price will be even worse. According to my analysis, the bitcoin price could fall to $ 2,000 by the end of 2018. The market is bearish in the long run so anything can happen to a bottomless market like the current time. So I believe that this time you should only short-term investment.