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Author Topic: [2019-03-23]Bitcoin Bull Run Expected in August, Tom Lee Says  (Read 166 times)
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Segwit please.


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April 08, 2019, 12:46:27 PM
 #21

At least his latest prediction is based on technical analysis point of view, ie 'price above 200 moving average'  most of his previous predictions is often not backed up just as a mere predictions which doesn't hold water and inaccurate however his latest prediction seems to be more reasonable and could come to pass as predicted.

Him stating that it is bullish for Bitcoin to hover above the 200 day average doesn't make him any smarter. Every person with basic understanding of markets knows that regardless of the asset, this moving average is a very important indicator.

Considering how he completely disregarded technical analysis before, while it was quite obvious that we were stuck in a bear market and a descending triangle, he remained bullish. If you have any sort of basic understanding of markets you wouldn't be bullish while the trend was down in the most obvious manner.

Tom Lee is a joke. He's desperately trying to be right so news outlets kiss his ass. He's nothing more than an attention whore. Every person with common sense would take a few steps back after being wrong so many times. Not Tom Lee. He loves this.

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