Quote from: nebiki on Today at 02:23:25 PM

Quote from: darkangel11 on April 29, 2022, 03:08:19 PM

I find this to be stupid. They're looking for similarities in the corrective move, ignoring the fact that there weren't many similarities in previous bull runs and this one, starting with the fact that in 2013 btc went 10x, in 2017 and early 2018 it went up 20x and this time in it's worst performing bull market in history, it only made 3.5x.
Their defense is that they're trying to make people aware of what can happen, but they're actually getting lost in the same pattern that last year, in the bull market, made them believe that Bitcoin has to reach between 80k and 100k, with some claiming 150k would be the top.

What do you think? Is "another leg down" starting to get old?

what they show is a simple analysis based on very significant chart movements, but from the various analyzes applied by real traders, it is solely for profit not just waiting for prices to rise for reasons every year.
I believe that the creators are only after adsense and their assets are just a gimmick.

the pattern presented by the analysis is only an issue that makes traders flock to buy bitcoin, it turns out that this issue has no effect at all in real trading. many analyzes reveal that bitcoin will break new ATH and claim that bitcoin will break $100k, but to me that is just a false hope and its hard to break that price any time soon.