Kariuki Posted April 15, 2020 #1 Posted April 15, 2020 Most of the time when you look at the technical analysis of every coin, the projection always states different things when you look around there are so many things that go on, the projection was that bitcoin would hit 20,k this year, how ever with the behavior forced to it by the global menace, bitcoin seems contradicting with the technical analysis itself, what would be the right thing to depend on. I reality , most coins do not behave as most technical analyst would predict, its important we are able to understand what are the other options we have to make sure that we have a conquering prediction because with another prediction, based on technical analysis, is that bitcoin would hit 1million dollars in 2030, that would mean that every satoshi today would be worth 10 cents that time comes, Do you agree with me guys
Yohann Posted April 15, 2020 #2 Posted April 15, 2020 Technical analysis is just a factor that is predicted upon the movement of the product (in this case, coin) and the potential market However, reality is a total different thing, you can't complete with the reality with your theories of the technical analysis (However, it does help a lot to get nearly right predictions) but it's no way near to the reality my friend~ Anything can happen & you gotta keep that in mind
Wassouf Posted April 15, 2020 #3 Posted April 15, 2020 Each analyst and expert in this field has its own view of the market, so some analysts are correct, while others are wrong, so these analyzes remain only theories and expectations, no one expected this virus to spread significantly throughout the world, and close commercial activity in many countries, which led to a decrease in the price of many items, such as oil, gold, and cryptocurrencies.
Ali saher Posted April 17, 2020 #4 Posted April 17, 2020 I think every analyst just is a view this is not 100 percent correct if anyone analysis bitcoin price. I use bitcoin last 3 year and I just analysis bitcoin price in my experience and watch old prices last 4,5 months and mostly my guess correct.
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