Post
Topic
Board Trading Discussion
Re: Bottom of BTC descending channel is 3000$?
by
Lanatsa
on 15/08/2018, 18:21:48 UTC
While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ 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/
Basing on the technical analysis that 3k price would be the last strong support which would possibly we would heading but currently seeing on bitcoins price it do still plays on 6k support and wont tend to go deep even more which is good but still we might see the probability of a breakout so its still not sure that we will not go down into that price because there are rumors that before institutional money would set in they would plan for that cheap price entry.