Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Is it now officially open to say........... All TA is flawed most of the times? 
And always has been
So much arrogance in this thread, as usual.
The thing is, right now things are not clear, the action is too quick, there was a clear battle around the 6.4k support, technically it went below 6.4k but the down move didn't consolidate (yet).
TA is crystal clear my friends:
-major resistance at 10.5k
-major support at 6.4k
Now if tomorrow Bitcoin is under 6.4k this means the trend has been consolidated and bitcoin is done for the year. By that I mean 4k before the end of the year.
You can laugh, couldn't care less, been used to it now in this place. But I am confident Bitcoin price will go under 5k like I've been saying here for months, and this is based on TA only.
Best of luck anyway
Please show us how and when TA predicted an alleged worldwide health pandemic which caused the markets to crash?
There is no correlation to the virus. If there was a correlation with the virus, February wouldn't have been a very good month.
In January the virus was already here, in February Bitcoin price went from 9k area to 10.5k.
Now you are telling me some outside news can explain why 10.5k got rejected? Sorry but this doesn't make any sense.
A few weeks ago I was reading here and there that Bitcoin was doing well, while the stock market was doing bad, everyone seemed happy about the fact that the virus didn't affect Bitcoin. But now the opinion changed?
Truth is, the rejection at 10.5k was brutal and explained this move. I confess I never expected a move to 6.4k that fast, but we got there anyway.
By the way, posted on Feb 27 https://bitcointalk.org/index.php?topic=5228812.msg53921213#msg53921213
Got to agree here. I don't think any of the movement recently has anything to do with the virus.