Post
Topic
Board Trading Discussion
Re: Bottom of BTC descending channel is 3000$?
by
coinscircle
on 12/08/2018, 22:55:44 UTC
While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ 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 believe that the bitcoin price can completely fall to the $ 3000 mark and may even be much lower than the market situation at the moment. You can see that the bitcoin price is fluctuating constantly and it is difficult to predict the market is in the dowtrend stage so we can not know when the bitcoin price will be able to decrease, so you should only trade on bitcoin to reduce the risk.