Quote from: nl247 on September 26, 2018, 06:38:30 AM

Quote from: markint on September 24, 2018, 05:19:10 PM

I think that experience has shown the great futility of technical analysis to make accurate predictions about the future performance of bitcoin. In previous moments, many predicted that the lines of $1,000, $5,000, $10,000, $15,000 would be important resistance levels, but were broken without any problem by Bitcoin. What is a fact is that it will be difficult to repeat a period of speculation as intense as that experienced in 2017, but we all know that almost everything is possible in this unpredictable market, so it is really worth to keep and hold some coins for long.

Well, one thing people have always failed to understand is that TA is not meant to give you exactly what is obtainable in the future, it is only there to guide you on how to balance your movement and decisions with the trend of the market. I always wonder why people tend to think that as long as they have the knowledge of TA, then they should be able to predict the future and that sort of huge expectation for the future is what makes them to lose sight of what is at hand at the present moment when it comes to trading the market.

Because sometimes TA does work, but most of the time it doesn't, so we couldn't discount TA though but to really understand the market you have to based on the overall sentiments and the current news to say where the direction of the price will be.

As for the price holding, I do believed that there are so much at stakes right now that investors are willing to buy at any point and doesn't want the market price to go below $6K.