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RE: Near-term Correction

in #bitcoin7 years ago

Can't really put a technical analysis on Bitcoin with heavy manipulation and Goldman Sachs trading desk being implemented anytime soon here. Using technical analysis as a prediction for Bitcoin especially at this moment when a lot of events are taking place.

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I'm totally agree with you. Analysis on Bitcoin can't tell us exact road map due to manipulations. Blockchain is open any kind of manipulation. Even someone tweet, prices drop.

Exactly! best thing to do is buy on dip lol

What happen to people who bought at 20K? :(

Played themselves haha. But if they are forced to be in it for the long term lol. @coinahli

You are guaranteed to lose when you sell.

Sure 👍 That's always what I say "You are guaranteed to lose when you sell."

That's right!!

We don’t use TA to predict price always. That is only one aspect of TA. We use TA to gauge momentum as well and that is often profitable in trading. Also any matured market can be manipulated, will be manipulated and perhaps should be manipulated. We deal with it all the time. No big deal :)