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RE: Bitcoin (BTC) Evening Update: #1 Always Expect Corrections, #2 Have the Trend on Your Side, #3 Make the Trend your Friend

in #bitcoin7 years ago

@haejin there is a strong linguistic prediction of 13,800 from cliff high, and I know this out of the scope of TA, however, I am intrigued by the correlation of technical analysis and this linguistic prediction. I am also surprised at the acceleration of BTC before this Feb 2018 timeframe in which the 13,800 prediction was being made. I do think there is a special momentum coming into the market, and we may be seeing unprecedented financial resources enter the crypto market. In other words, their is a special panic around the world where people are putting their money into bitcoin, and this is perhaps an outlier case of several sigmas beyond technical analysis. Just a hypotheses.

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