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RE: Bitcoin Price Forecast 7/7/2019

in #bitcoin6 years ago

With all the TA available to us to try predict the price of BTC, If you have been in the Crypto scene for more than 5 years you very well know that the price of BTC cannot be Technically Analyzed, Yes its all based on past market movement, but can it predict BTC? I have my doubts, We don't predict BTC, BTC predicts us.

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That is not true at all- Bitcoin follows very standard trading theories like Fibonacci retracement, resistance and support levels, and historical price data is definitely relevant.
Trading is all about psychology and Bitcoin trades mainly on psychological values.