Look at this graph (BTC) [SCARY]

[MikeyVeez]

Hello, I have just found this graph on the internet, what is likely to happen if the support will fall.



This can affect all cryptocurrency. What is your opinion

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[13ex07]

I saw a hundred such graphs. They had predictions of growth up to the moon and falling to negative values. Nobody knows the future. And if he does, he certainly will not share this knowledge.

[MikeyVeez]

Okay, if you are not afraid, please do not sell  .
Many people don´t want to to kill cryptocurrencies. But on the other hand whales care only about profits  .

[Hallmader]

To be honest, we can make a lot of patterns out of such graphs. And hundreds of thousands of technical analyses are created out of what they have formed from the graphs. But the results in the actual price movements of Bitcoin and altcoins are not following what many have seen out of their graph analyses. Our speculations are basically subjective. It cannot be that accurate most of the time.

[richardeames]

Hello, I have just found this graph on the internet, what is likely to happen if the support will fall.

https://www.tradingview.com/x/SDFKKx4E/

This can affect all cryptocurrency. What is your opinion

If it breaks below major level support for the 3rd times & doesnt bounce back shortly after, bitcoin will fall sharply like it did in 2013. But considering we got many good news in the upcoming months (positive regulation enforcement for crypto, etf support, nasdaq listing, etc) i think BTC will go up from current level (7600ish) altough i am not sure it will reach ATH this year.

[btccrusher]

Useless predictions. All the time people just making news and posting them on various social media channels, that news never turned out to be true. I see many such graphs every day, I don't believe them and just ignore them.

[BitPotus]

You want something scary?

Okay.

There....

[Bolivar_Tony]

I saw a hundred such graphs. They had predictions of growth up to the moon and falling to negative values. Nobody knows the future. And if he does, he certainly will not share this knowledge.

It's correct. These are just people's predictions. In fact, no one will be sure that prices will rise or fall in the future. So we should sometimes not believe in the chart of some analysts

[Temmy007]

There are many of those graphs daily, I would say it just peoples sentiment, but I am tipping the bull on the current market situation.

[wedosgibas]

We do not know what will happen in future market prices, my prediction if the price of BTC drops, it will be offset the price of some altcoin will go up. Otherwise, most traders withdraw their funds. In my opinion, it's the right time to buy.