Bitcoin & Bubble Comparison on Charts

[tsaroz]

I have seen and studied a lot of such analysis in stock markets and they can be manipulated to look like anything the way you present it. Nevertheless, the statistical and technical analysis are more wrong than correct in stock market and as crypto is a much more unpredictable, the chances of being wrong increases by many folds.

Trading view is a popular site that provides different ideas about the chart of many investments including bitcoin
https://www.tradingview.com/ideas/bitcoin/

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[teosanru]

I have seen and studied a lot of such analysis in stock markets and they can be manipulated to look like anything the way you present it. Nevertheless, the statistical and technical analysis are more wrong than correct in stock market and as crypto is a much more unpredictable, the chances of being wrong increases by many folds.

Trading view is a popular site that provides different ideas about the chart of many investments including bitcoin
https://www.tradingview.com/ideas/bitcoin/

Can you tell why crypto is much more unpredictable? I think every type of security have a different nature. Even in stocks some stocks move in textbook analysis while some don't obey TA at all and move in a freeway. Same is the thing applicable in Crypto also. I think major Crypto like bitcoin and Ethererum and other major alts follow TA because they have a high volume thus obey technical Analysis. it's just not that traditional technical Analysis but in a more refined form.

[figmentofmyass]

gotta laugh.

guy sees a chart and starts drawing a red line.
the start point has no fixed reason
the angle has no fixed reason
th end point has no fixed reason

in short anyone can draw any line at any angle

it's a regression model, not a trend line. https://en.wikipedia.org/wiki/Regression_analysis

but take this below


here the lines have meaning. the lows of where people refuse to sell below. lets call it the value line

most traders would consider the last couple weeks a bear flag. those local bottoms in the $7000s aren't established---you're just hoping that will be the lowest we go. traders call it "hopium".

[barota]

every time bitcoin finish bubble another huge rise in prices follow the chart ;so last bubble that already started by end 2017 are almost done .and soon bitcoin will rise above 18000 again and hit another high level 100000 usd at latest 2020 or 2021. because every time nrw investor entre the market . for this reason bitcoin can reach 100000 usd for each one