Ninjastic
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Board Trading Discussion
Re: 4 reasons why Bitcoin has bottomed out
by
silversurfer1958
on 22/11/2019, 11:45:09 UTC
Quote from: DarkDays on November 21, 2019, 07:05:13 PM
Quote from: Chaintrader_1 on October 13, 2019, 08:47:55 PM
Hey guys,

I really do think Bitcoin has bottomed out right now.
1st we haven't seen any close below the weekly EMA and it acted as support
2nd Correction of 45% one of the highest ones so far
3rd Bullish divergence on the weekly chart
4th triple bottom reversal pattern

For my complete analysis check my YouTube video : https://youtu.be/XUyoGTJH8FY
Bitcoin just crashed from $8,000 down to $7,500 and has been on an almost permanent downtrend since you made this thread.

Why not close it now, and admit you were horribly wrong, and that all your TA was complete nonsense?
In fact, indicators play only a small part in the accuracy of trend prediction, it also depends on the news and influence from politics in other countries. And one more special thing is that the market can reverse at any time and we need to be psychologically prepared for these things. so the price of bitcoin drops and we still make a big profit through short order. Cheesy