On several occasions we have stated on numerous predictions with regards to the price of Bitcoin. From the extreme positive, as the bet of John McAfee, to the extreme pessimists. On this occasion we bring you back to the pessimistic, Peter Schiff, which announced another price drop. Summarizing Schiff now bet that you will fall up to $1000.
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Another arrow to the sky
Schiff is known for appearing each time Bitcoin gets any contraction, such as those that are occurring today. Emphasizing that in the majority of cases tends to increase the situation. In this sense we mean that exacerbates the situation more than what it seems or ends up being. An example case could be the one that announced the day of today, using their official Twitter account unveiled his new proposal:
#Bitcoin is nearing the neckline of the head-and-shoulders top I pointed out before the Oct 25th 40% pump. The right shoulder is now shrugged and the neckline is slanted and parallel to the shoulders. If it breaks the price objective for the dump is $1,000 to complete the pattern.— Peter Schiff (@PeterSchiff) November 21, 2019
Which translates in the following way: Bitcoin is approaching the neck of the top of the head and shoulders that I pointed out before the pump of 25% of the 25 of October. The right shoulder is now shrinks and the neck is inclined and parallel to the shoulders. If it breaks the target price for the dump is of $ 1,000 to complete the pattern. These explanations of the neck, head and shoulders makes reference to a chart type, particular financial, which Schiff explained in another tweet:
For those of you who can only see the dirt on my screen, here is a clean screenshot of Bitcoin”s head-and-shoulders top. The picture really doesn’t look any better if your long Bitcoin! pic.twitter.com/hXxCYMvu1R— Peter Schiff (@PeterSchiff) November 21, 2019
For those of you who can only see the dirt on my screen, here is a screenshot of the screen clean the top of the head and shoulders of Bitcoin. The image really doesn’t look better if you’re a Bitcoin passionate! The idea of Schiff argues that the contraction that is currently experiencing will climb up to knock down the price of Bitcoin up to $1000.
The Internet does not forgive
If you look at the second tweet, Schiff mentioned about the dirt on your screen. Is making reference to a first tweet that he had published, with the following:
For those who can’t visualize the potential head-and-shoulders top in Bitcoin maybe a picture will help. Very ominous if the pattern completes. pic.twitter.com/fCXvBcFf7B— Peter Schiff (@PeterSchiff) November 21, 2019
One can clearly observe that Schiff instead of making a screenshot, he took a picture to your screen. Faced with this situation, people quickly began to jeer at their actions, ignoring their comments about the price of Bitcoin. In addition, we were reminded by the comments the times has made a prediction and been wrong. Therefore, we can observe that the perception that the users have towards a person is important if you want to have success. The image of Peter Schiff, being a person that takes pictures of the screen and you make a mistake repeatedly, it is not the best of the images. The following two tabs change content below. I am a student of economics, interested in innovation and technological development, always faithful to that tomorrow will be a better day.
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