Quote from: wxa7115 on September 01, 2018, 01:33:25 AM

Quote from: susila_bai on August 22, 2018, 10:02:08 PM

I dont think that the market is going steadily up, as the market is moving with 10 % up and down, like traders ar buying near $6000 range and as soon as it goes up 10% they start selling and bring back the old price. This is following for past 1 or 2 months, So now it is taking support nearby $6000k side and if breakout upside then we can see the price going $8000+ price

People just want to see what they want to see, you could show the very same chart to 100 traders and you will get one hundred different interpretations about that chart and in an even more funny twist they will never really agree about a common chart that describes the behavior that they are seeing, this is why I have always thought about charts as nothing more as fortune telling and as we know it has been shown time and time again that those that do technical analysis do very poorly over the long term, and most the time they are surpassed by those people that instead just hold their coins for the long term.

Totally spot on, none of the TA experts did forecast the massive bullrun last year and I don't know of anyone who warned at the peak that the party will be over soon, let alone that we would heading towards a long bear market.