Post
Topic
Board Bitcoin Discussion
Re: What is going on in the markets
by
ventelo
on 25/09/2019, 16:25:04 UTC
Technical analysis may only work to a certain extent. In the cryptocurrency markets, there are simply just so much things that could affect the prices regardless if negative or positive. Heck, even a Tweet can move prices. TA can't see that.

Based on what you said though: "According to technical analysis, the price of BTC will sure drop around $7000 soon.", you probably don't understand technical analysis. Technical analysis only helps you with the odds and with risk:reward ratios. Technical analysis doesn't help you predict.
From 2 month TA show the price may drop to $8300, but i am not sure i am not sure about this at this time, but now i am sure it will drop to $7000.