Post
Topic
Board Speculation
Re: Bitcoin $40000 resistance
by
Silberman
on 22/03/2022, 23:33:49 UTC
Not totally full of shit but there are people who are really that confident with their analysis thats why they do really make out some claims on something they are really very sure to happen.
The price is been moving sideways on 40k+ or sub price point which it is really hard to determine on where it would really be going thats what makes this market is totally unpredictable
or totally random thats why making out some buying and selling decisions is really hard as fuck.
What happens is that even if good analyses can be found about the market and about what it could do during the short term this is similar to what we see with the weather forecast, when you see the forecast it is announced the day will be sunny, but then if something happens all of the sudden the forecast needs to change as well, so while decent predictions can be found they are at the end speculation based on the data that is known at the time, which is bound to change depending on what the market does after the prediction is made, which is why anyone which declares they know what will exactly happen in the market beforehand is simply lying or exaggerating the accuracy of their system and the predictions it can produce.