RE: BTCUSD - TECHNICAL ANALYSIS November 20, 2017 - Current Price $ 8214

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BTCUSD - TECHNICAL ANALYSIS November 20, 2017 - Current Price $ 8214

in bitcoin •  7 years ago 

It amazed me..how u did this.. What would you say now? What is the actual trend?

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7 years ago by

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      ·  7 years ago 

    the long term trend is up until we have a point of inflection on the weekly/monthly charts, could be some time. Even shorter term trend with all of the voaltility is up - higher highs, higher lows.

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        ·  7 years ago 

      But why are there so many times fall-down? I mean heavy decrease...

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          ·  7 years ago 

        Are they based on only fundamental news or there is something in the air?

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            ·  7 years ago 

          No basis at all, its just price action, when ever we reach areas of supply and demand.

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              ·  7 years ago 

            maybe there is any speculative thinking behind this, isnt??

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                ·  7 years ago 

              Nothing goes straight up. The basis of technical analysis is analyzing statistics powering the price action and trying to make predictions based on probabilities.

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