Daily BITCOIN (BTC) Technical Analysis Summary

in #bitcoin8 years ago

Have you ever wondered if the technical analysis really work or if it's just a fugazzi and just trick by sell side analysts played on retail? Does the market follow theory of random walk or can we forecast crypto markets using usual indicators/Fibonacci/Elliot waves?

In this series we'll be consolidating top TA predictions for the short term (hours-2 days) and evaluating the results on daily basis.

Bullish forecasts beat bearish 7:3

Even bearish forecasts count with the price at first ascending to the ~12000 USD area.
According to summary of the TAs it should be safe to assume the price will get close to the 12000 area, conservative target of 11900 being 3.8% upside compared to current price (11459USD Coinbase)

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