Quote from: weblaraveluser on September 19, 2018, 03:58:56 AM

Quote from: Kavallo on August 11, 2018, 09:13:08 AM

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/

The price of bitcoins will never go down to $3k dollars because there are a lot of people who are interested on cryptocurrency and i believe that $6k is the stable price today in the market.

Well, the bottom of the descending channel does not mean it would reach the bottom before it breaks out, but only shows there could be more room for it to break down to that level as long as it remains inside that channel.

That is one thing a lot of people do not get, it is a way of just preparing for the market in any way it wants to come, it is not like anyone can certainly predict exactly what would happen in the future. So, saying that the market will never go down to $3k is not sensible at all, because it certainly can.