Post
Topic
Board Trading Discussion
Re: Bottom of BTC descending channel is 3000$?
by
audaciousbeing
on 12/08/2018, 21:25:20 UTC
While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ 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 always enjoy to watch predictions such as this getting shamed in the long run however, there is some good in it in that it tries to prepare peoples mind about what is to come in case it takes a huge deep and you begin to panic. In the spirit of that, I didn't see the price getting to such bottom the worse I see happening is $4000 before an uprising would happen to push it a little bit higher. Currently what the market is seeing is some mindful skepticism of both the buyers and seller in other not to lose out with in profit or incurring enormous loss.