Bitcoin Forum

Hey guys, here's my thoughts on the current and future price action.

https://www.youtube.com/watch?v=5YUNy1ORvIA

I think you are expecting more viewers your video. But already Bitcoin is fluctuating continuously so most of the investors are afraid in the current situation. Already number of future possibilities videos are available in YouTube so this is not useful to me. I have my own knowledge to predict the future price action but current situation is not supporting to any prediction so wait and watch the crypto market this is the only way.

I agree that bitcoin is behaving in such a way now that charts and analysis won't help.  It's like tossing a coin.  If tossed a coin 10,000 times and did an analysis and record then it wouldn't help predict what the next toss would be.  I'm not surprised people are scared to venture in because will the price rise from around 8.2k which it is now or will it go down from here.  Nobody knows.  I'd say it could go up but not by much and not over 10k before it falls again.  I think something could be learned from charting highs and lows but that would be more long term. 

Good work, you were not kidding when you said "in depth" . But honestly I rarely watch videos like your, I believe that most of the time its waste of time.
When I see topics where people discuss what is going on with Bitcoin and try to predict what is going to happen with it in near future, I always remember this (https://bitcointalk.org/index.php?topic=3056190.msg31470336#msg31470336) topic.
The Random walk theory explains it really good, so if you have time you can check it out : https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/what-is-the-random-walk-theory/
This theory could be implied on Bitcoin as well, just have open mind and you'll be fine.  ;)