Re: bitcoin lowest value of the year. Other perspective

Quote from: tenakha on January 04, 2019, 01:19:37 PM

Quote from: bitmover on January 04, 2019, 10:10:30 AM

I just saw this Twitter post which gave me another perspective.

Take a look at the lowest value of the year . This show we are in the correct trend.

I guess this is our last source of hope for this year. If this year's price falls below this chart, we will oblige to use other averages for the next year. Anyway in my opinion it is better to use this kind of analysis in crypto on a short term. The technical analysis will be more useful as the bitcoiners increase and for this moment this does not work good.

this is the same is happening on every low, another low is expected, this is way keep hoping that now it will bottom out and go up, but it takes time to recover the market and we cannot expect the market to recover immediately. It is good that always keep track of low and high of all time so that we can check out the bottom and move on.