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RE: BTC - Double TOP confirmed => DROP
Hehe
I'm a technical analyst and for analysts, the news come to confirm the charts and not the opposite but anyway the result is the same ;)
Hehe
I'm a technical analyst and for analysts, the news come to confirm the charts and not the opposite but anyway the result is the same ;)
The news is usually the excuse!
In fact, in this case, BTC rallied almost 300 points after the news hit, and then dramatically reversed, so, initially people were saying the SegWit2x cancelation was good, and then, a couple of hours later, everyone was saying it was bad. https://steemit.com/bitcoin/@kingscrown/segwitx2-cancelled-it-seems What do we have to rely on then? Was it good? Bad? I'll let everyone else argue that and I'll just stick with the charts! 😁
@cryptographic agreed! One thing are the charts and the other are the news that can be much easier manipulated, and depending who mentions the news are people who believe on it and other don't. upvoted your comment. @gold84
The news came first, although the analysis is solid
Yes but you don't think it is strange that the news just come when we are testing the top?
But anyway, everybody has different opinions about this theory ;)
Take care all
You saying that segwit2x was cancelled because of the chart? and not the other way?
Lol nope,
I'm saying that the news is well known since long time and comes just at one moment that we have a special pattern on the chart yeah...
But I know everybody is not agree about this theory, no problem if you are not my friend ;)
dont worry i know what you mean! ; )
Totally @dreamrafa. It amazes me when people only rely on charts. I get it, but I heard the news of he cancellation of the segwit2x fork an hour before it went maintstream and was reflected in the charts. As a result, I got out of BCH before it tanked. Info + Charts = Win. Either on their own = Half the picture.
@cryptopassion agreed. Your analysis is technical following patterns, and that is later confirmed by the news and current status of coins. Have you ever thought in what is your % of predictions that run similar to reality? Or percentage of predicting correct? @gold84