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RE: Bitcoin (BTC) Mid-Day Update: Bitcoin Misery Index (BMI) Flashes a Buy Signal

in #bitcoin7 years ago

I agree. I think because crypto volume currently is so low, its too easily manipulated by news or whales. When our volume was at our peak in Dec-Jan, we saw the price follow elliott wave trends, but unfortunately not now. Furthermore trading analyst have such varied opinions now, its hard to consolidate. I would say still keep following the analysts but from more than one source, and when we see unity in the predictions, then we know we are heading in the right direction.

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I have seen some where that 40% of Bitcoins are in the hands of only 1000 people...they can drive the market in the way they want. In that no analysis work.