$3k range the new $6k range? | Bitcointalksearch.org

deisik

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Quote from: adaseb on February 05, 2019, 12:42:37 PM

This time it might not be any different. People are just in it mostly for the money anyways and it doesn't mean anything. Its no different than the people who jump in on a stock like all those pot stocks which they assumed would make them rich

Technically speaking, you may be correct after all, but this is not what most of us would like to know. What we want to know is how low the price will go. I think you will agree that it is a big difference between the price finding a true bottom at 2.5k and at 0.5k. On the other hand, I don't agree that it doesn't mean anything. In fact, it means everything, and still more so with such a speculative asset as Bitcoin, as it is exactly these people who are in for money are driving the prices up (as well as down, for that matter)

Though for you personally, it may not mean anything, of course

milewilda

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Quote from: WinslowIII on February 05, 2019, 12:37:37 PM

I agree with the sentiment that $3k prices will not last much longer, and to see $3ks for a year is impossible. I expect another dump to new range within the next few weeks, and I also expect the true bottom to be found by this fall/early winter. What I expect may not happen, but I think this is the likeliest scenario.

Bitcoin may find a new bottom in the next couple of weeks or so but i don't think that the same price range would happen too in a couple of months. This is probably due to the price manipulation but we shouldn't be worrying too much about it because it will probably won't last longer. The market is always manipulated through various situations and yet people are still supporting.

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Quote from: darewaller on February 05, 2019, 02:23:59 PM

I was against saying 3k is the new 6k earlier because it wasn't long enough but now it has been long enough time to call it that. Unfortunately bitcoins old 6-7k range became the 3-4k range now and it has been for couple of months. Lets hope that the price doesn't go down a lot like it did last time and instead it goes back up to the 6-7k instead. Because, if we go down another 50% to 1500% or even 2000% levels we are not going to go back up any quicker.

Do not forget when bitcoin goes up there is always a "tired" level, at one point people are tired of trying to push it further and then the price starts to go back down, if we are at lets say 10 thousand, people can take it to 30 thousand before they get tired of pushing it, if we are at 7 thousand then they can reach 20+ thousand before they get tired, however if we are at 2 thousand instead of 3 thousand we can take it up to 10 thousand at most before we get tired instead of maybe 12-15 range.

I think you are off your rocker, that isn't how this works at all - at least not in crypto. The lower it goes, and the longer it stays, the higher it will go in the future - but this all depends on who got in and why. Shaking the tree is all part of this process, the harder it is shook the harder it will eventually pump. The big IF here is the catalyst for the next pump - it's got to be more than just the halving.

darewaller

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I was against saying 3k is the new 6k earlier because it wasn't long enough but now it has been long enough time to call it that. Unfortunately bitcoins old 6-7k range became the 3-4k range now and it has been for couple of months. Lets hope that the price doesn't go down a lot like it did last time and instead it goes back up to the 6-7k instead. Because, if we go down another 50% to 1500% or even 2000% levels we are not going to go back up any quicker.

Do not forget when bitcoin goes up there is always a "tired" level, at one point people are tired of trying to push it further and then the price starts to go back down, if we are at lets say 10 thousand, people can take it to 30 thousand before they get tired of pushing it, if we are at 7 thousand then they can reach 20+ thousand before they get tired, however if we are at 2 thousand instead of 3 thousand we can take it up to 10 thousand at most before we get tired instead of maybe 12-15 range.

adaseb

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It did lose interest main stream but I remember it also lost interest main stream back in 2015.

Many people jumped in on the bitcoin bandwagon in end of 2013 when it peaked $1000. Then with all the MtGox mess and China bans they sold at a loss probably at $200 during the long sideways markets of 2015. Then at the end of the year it finally "woke up" and has been rallying until Dec 2017.

This time it might not be any different. People are just in it mostly for the money anyways and it doesn't mean anything. Its no different than the people who jump in on a stock like all those pot stocks which they assumed would make them rich.

WinslowIII

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I agree with the sentiment that $3k prices will not last much longer, and to see $3ks for a year is impossible. I expect another dump to new range within the next few weeks, and I also expect the true bottom to be found by this fall/early winter. What I expect may not happen, but I think this is the likeliest scenario.

b3j0

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Last year I said that if the price of bitcoin in 2019 tends to be more stable and the market looks very boring, all that has been proven now. In my opinion this situation will last up to 3-5 months and after that the price of the bitcoin will break upwards.

1Referee

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Quote from: exstasie on February 05, 2019, 06:00:01 AM

I hear ya, but what about the 2015 sideways? We spent like 10 months in that $200-$320 range. It could have gone either way, just like the sideways at $6K. We could be building out a similar scenario now. We'll only know in hindsight.

It's very likely to be so with how bots have only the past to fetch data from, and let them be in control of the market right now. If you look at the sideways movement of 2015 you'll see that it did so following the 200 wma, and that support guided the market to higher highs and eventually it broke out.

I'm certain that with the block halving speculation well in advance of the event itself will spark buying interest, and everything around Bakkt and the other institutional services might cause a spark too. Even if people here don't care about Bakkt, it does hold importance for the institutions on board because these developments are what they pay attention to.

I don't expect this to last longer than 6 more months from where we are right now.

deisik

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Quote from: exstasie on February 05, 2019, 06:00:01 AM

Quote from: Bitcoinwaist on February 05, 2019, 04:53:13 AM

I think it is too early to tell if this is a consolidation phase or just a pause for the next dump. If this mid $3k's price holds for about a year or so I would consider it a safe bet that this is the bottom. But I have a feeling whales, traders etc plan on locking in another slew of bagholders in this range by giving a false feeling of stability. I have never seen a two to three month stable bitcoin price end in a pump always a dump. Just like $6k.

I hear ya, but what about the 2015 sideways? We spent like 10 months in that $200-$320 range. It could have gone either way, just like the sideways at $6K. We could be building out a similar scenario now. We'll only know in hindsight

It's a difference that makes the difference

You can't compare what we see today with the market in 2015. Technically, back then it was an entirely different market which you can't even remotely place against today's. The 200-320 dollar range you refer to (actually it was more like 150-400) would match the price swings in the range of 3k-5k nowadays. I'm strongly inclined to think that most traders would be head over heels happy to see such price action today. But we are nowhere near that

exstasie

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Quote from: Bitcoinwaist on February 05, 2019, 04:53:13 AM

I think it is too early to tell if this is a consolidation phase or just a pause for the next dump. If this mid $3k's price holds for about a year or so I would consider it a safe bet that this is the bottom. But I have a feeling whales, traders etc plan on locking in another slew of bagholders in this range by giving a false feeling of stability. I have never seen a two to three month stable bitcoin price end in a pump always a dump. Just like $6k.

I hear ya, but what about the 2015 sideways? We spent like 10 months in that $200-$320 range. It could have gone either way, just like the sideways at $6K. We could be building out a similar scenario now. We'll only know in hindsight.

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

I think it is too early to tell if this is a consolidation phase or just a pause for the next dump. If this mid $3k's price holds for about a year or so I would consider it a safe bet that this is the bottom. But I have a feeling whales, traders etc plan on locking in another slew of bagholders in this range by giving a false feeling of stability. I have never seen a two to three month stable bitcoin price end in a pump always a dump. Just like $6k. I was even feeling pretty good about the stability in that price action, and lo and behold price gets cut in half in the blink of an eye. If the price stays in the $3k range for the next 6 months I think we are in the clear, but many of the popular ta analysts are saying we are going to the mid $2k's which at this point would not surprise me at all.

deisik

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

I think many people are asking themselves the same question

And I also come to think that it is quite warranted, though I in no case would call the current environment as stable. If anything, it is quasi-stable as the trading volumes are really pathetic now, i.e. there is neither sufficient supply to move prices lower nor sufficient demand to move them higher. All in all, it essentially means that the market becomes highly susceptible to small disturbances in the balance of supply and demand

What it can lead to, we already know when the price quickly and effortlessly crashed 2 times. So don't expect too much from this seeming "stability". Maybe, it's about time to short, again

romero121

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An upward price trend hasn't begun yet, now the price has been staggering within the $3500 mark. The price was predicted to stay above $4000, and the same didn't go as predicted. At $6000 it had a long fall back value, now it is almost the low bottom. So can expect the price to pump high at the earliest.

whiteblue

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you should be able to compare with the price of bitcoin that could ever reach a price of $ 20k and the price of bitcoin is currently sliding sharply below the price of $ 4k, imagine how stressful and how sad those who have already bought bitcoin at $ 20k.

WinslowIII

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Well, I don't expect $200 - that would be shocking to say the least. $2000 though, is pretty likely. The next year's halving is a do or die for bitcoin I think though, no 2020 pump = death.

Butterscotch Cartman

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Bitcoin has lost interest among the mainstream, miners continue to dump and at this rate it won't be long until 1k is hit. Then it shouldn't be long until we hit the previous crash levels of $200. I would sell while you still can.

WinslowIII

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The price sat for weeks and weeks in the $6ks, now the same in the $3ks, and it seems about time for the next big dumpity dump dump down into what I expect will be the mid $2ks. All I can do is shake my head at those bitcoins I held since $400s, wtf can you do now - say fuck it and dump it or keep hodling like a stupid cunt?
This is tough seeing paper profits vanish, this has to be murder for the poor souls hodling coins bought over $10k.

davit putra

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I think for the next few months the price of bitcoin will be able to grow with good value and the possibility of a 7k price will be achieved.

Prettymie

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

This is difficult to predict if the price will stay longer at $3k range as the market has not performing well since last year. Yeah we are all hoping for a better market as we need to increase the daily demand to make the price rise even in a smaller uptrend percent. So many possibilities that may happen this year and I'm optimistic that we can be profitable soon and we need patience for that.

Pursuer

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Quote from: Thirdspace on January 16, 2019, 05:21:38 PM

yes, I think $3k is the new stable price range... for the next 2-3 months
unless something big happens and affects bitcoin market directly
oddly the recent hacked exchange cryptopia doesn't seem to have any effect on bitcoin price Undecided

the problem with the dips like these is that they are not natural and it wasn't traders who sold bitcoin to reach here. it was whales manipulating and dumping coins on large scales to push the price down then others followed to prevent bigger losses so the dip become big (a 50% drop from the real bottom at $6k). and that means you can't really predict how long it can last because the decision is again up to those who did the dumping.

ophyrim

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

In all markets after a big bull run, a bearish run starts until the dip. It is a cycle. But always there must be a dip. İt is unrealistic to say that 3k was the dip but the probability is higher than 6k.

figmentofmyass

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Quote from: Thirdspace on January 16, 2019, 05:21:38 PM

yes, I think $3k is the new stable price range... for the next 2-3 months
unless something big happens and affects bitcoin market directly
oddly the recent hacked exchange cryptopia doesn't seem to have any effect on bitcoin price Undecided

cryptopia was tiny. they only did like $1M a day in volume in spite of listing so many markets. the hack was very small compared to others like coincheck or bitfinex. even the BTC-e shutdown in july 2017 barely affected price, so i would expect even less effect from cryptopia.

if a more noteworthy exchange (bitmex, binance, etc) got hacked for a larger amount, i'm sure the market would have dumped harder.

superstarbtc

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once the 3000 dollars death loss completed then we can see bitcoin bounce back previous levels of 6000 dollars or even 8000 dollars bitcoin price

bintangkejoraku

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to do that bitcoin needs a very strong push, unfortunately at the moment bitcoin has lost a lot of energy to complete $ 6k. in my opinion bitcoin is able to break $ 6 in the middle of the year or when the ETF is approved.

Thirdspace

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yes, I think $3k is the new stable price range... for the next 2-3 months
unless something big happens and affects bitcoin market directly
oddly the recent hacked exchange cryptopia doesn't seem to have any effect on bitcoin price Undecided

Harkorede

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Quote from: JohnBitCo on January 11, 2019, 11:37:54 PM

Bitcoin is moving between support 3500$ and resistance 4200$ and no one knows where we are heading in the short term. IF bitcoin did not hold the support, bitcoin can test 3100$ again and it will not be good for the crypto world. I think bulls need to play their part and do not let market fall below.

Bitcoin has been around the 3000$ for somewhat far to long, Just like it was hanging around the ~ 6000$ between 3 and 4 quarter of 2018, It barely touched 4,000 few days but now back to ~3,700$. but in my opinion where it is headed from here could be depend on the next big major events that happens around bitcoin, If is a positive one then, things should change for good.

JohnBitCo

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Quote from: crzy on January 04, 2019, 06:32:59 PM

Possibly yes but still it will depend on the market trend and only time can tell. We are stable on this range maybe we are preparing for a bullrun or just waiting for the market to go down and hit the bottom. I believe this is a different trend now and a more hopeful year for cryptocurrency to rise, let’s give at least this first quarter to confirm the trend.

Bitcoin is moving between support 3500$ and resistance 4200$ and no one knows where we are heading in the short term. IF bitcoin did not hold the support, bitcoin can test 3100$ again and it will not be good for the crypto world. I think bulls need to play their part and do not let market fall below.

el kaka22

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

Apparently so. I have been waiting for the price to move towards 5 thousand dollars on this recent increase because of the upcoming deals but apparently the 3-4 thousand dollars range is so strict that it is constantly going higher and lower at the same levels.

I mean I understand having the trouble to move beyond 4 thousand dollars and having 4.2 thousand dollars as the max we reach because of the lack of volume however we have now tested those levels about 8 or 9 times if I counted correctly, I understand not breaking those levels once or twice but 8 or 9 times is just too much, we should have broken that already.

Good news is we do not drop back to 3.2-3.4 levels anymore, we move to 3.6 or so levels which is closer to the max and makes it easier for another try but I am sure if we try to break 4.2 couple more times we will eventually go beyond it.

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

it is difficult to shoot or predict the growth of bitcoin, market turmoil is more volatile. but I agree, bitcoin is more likely to stay in the 3k range while its growth does not last long, and returns to 3k. I just waited until the situation seemed to really grow, because I don't think there was any great growth this month. or the following month.

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Quote from: peter0425 on January 11, 2019, 12:15:31 AM

Quote from: South Park on January 10, 2019, 03:26:25 PM

Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

It is possible the price of bitcoin will remain at a price close to the current level for some time since there does not seem to be many reasons to make us think a recovery is possible during the next weeks or months, it is precisely for that reason that despite my belief in a recovery of bitcoin this seems like a good moment to try to look for altcoins that could outperform bitcoin during the next months.

It's possible if Bakkt will go live this January or February. But it looks like it will be delayed again. So let's assumed that we may see the price going around the $3K-$4K mark for quite sometime now. It's already good if we don't put too much hope for a bullrun, so that we won't be emotionally affected if you go our or regular and everyday trading activity.

Yeah keeping the price around the current state takes away most people's high expectation and makes you aware that things can go from bad to worse, hence you become a little bit more vigilant. I don't mind though if this goes on for a little while.

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Quote from: Oceat on January 03, 2019, 05:54:00 PM

We have been suffering too much of this bear market, I think it's the right time for the bull to run. Though nobody knows when it will eventually going to occur this year, we just have to wait and see if there is a change of that stable price of $3k. It might break a new resistance, who knows. We will eventually see the bullish market soon.

Bull run is always awaited by all cryptocurrency investors, they are just bored with the price decline that always happens when prices will rise. I don't know what the cause is, but I still wait until the bull run really arrives. Just remember, the price of bitcoin at the beginning of 2017 was $900 and experienced a significant increase when at the end of that year it reached $ 20,000 and now in January the price of bitcoin is only $ 3500 I hope the increase will hap as in 2017.

STT

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Short term its in quite a small box that it needs to break out of with 3750 the 50 day average overhead also

Slightly longer term with the yearly low and recent high :

Its necessary to stay above 3660 to stay bullish within that recovery

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Quote from: South Park on January 10, 2019, 03:26:25 PM

Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

It is possible the price of bitcoin will remain at a price close to the current level for some time since there does not seem to be many reasons to make us think a recovery is possible during the next weeks or months, it is precisely for that reason that despite my belief in a recovery of bitcoin this seems like a good moment to try to look for altcoins that could outperform bitcoin during the next months.

It's possible if Bakkt will go live this January or February. But it looks like it will be delayed again. So let's assumed that we may see the price going around the $3K-$4K mark for quite sometime now. It's already good if we don't put too much hope for a bullrun, so that we won't be emotionally affected if you go our or regular and everyday trading activity.

NJB18

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It's playing between $3600 to $4000 for weeks already. This time I am committed in joining this ride.

Do you think it will go down further? Do you think NASDAQ is serious on bitcoin this first quarter?

figmentofmyass

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Quote from: STT on January 06, 2019, 03:02:49 AM

Quote from: figmentofmyass on January 04, 2019, 05:09:13 PM

It does resemble this but I always imagine we are when restricted in price, its set like a spring to release that range into moving in a new direction.

exactly! when the price is tightly ranging, i consider it to be "coiling" like a spring. the longer we spend ranging, the more explosive the subsequent breakout tends to be.

that's why the crash from $6k to $3k was so fast and severe. so many traders and investors had accumulated positions near the $6k bottom. once it broke, there was a massive rush for the exits.

hahay

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

This is my question so far, this is the same as prices stabilizing at $6k for a long time and now continuing at $3k, if true events will repeat then we will see prices continue to be low and it looks like this is a nightmare, but if this is a process for a bull run then it looks like it will be good and it is a beautiful dream. If indeed there are experts who say the market will continue to be destroyed, then I will be ready to sell it, but if the information just keeps floating, then I will still hold it and hope the market will recover.

Slow death

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Quote from: dothebeats on January 04, 2019, 04:14:57 PM

I have several buy orders placed on $2500 and $2300 respectively...

Oh apparently most people agree that we will see prices much lower than the price of $3500, I wonder if the price drops to $2500, will we ever see the price reach $10,000 again? every month that paca the price is falling, we may see the price reach $1000.

Quote from: thecodebear on January 09, 2019, 02:59:16 PM

starting to move up permanently as a new bull run gets going.

that word: " bull run "... I believe we will only use that word in 1 year

South Park

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

It is possible the price of bitcoin will remain at a price close to the current level for some time since there does not seem to be many reasons to make us think a recovery is possible during the next weeks or months, it is precisely for that reason that despite my belief in a recovery of bitcoin this seems like a good moment to try to look for altcoins that could outperform bitcoin during the next months.

thecodebear

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yes I essentially think $3k/$4k is the new $6k. That is to say $6k was the clear solid bottom of the market until the BCH split nonsense crashed the whole crypto market. Bitcoin is still bottoming out as it started in september, except now its in the 3000s and 4000s instead of 6000s due to that outside event. I would expect the price to for the most part remain in the $3k/$4k range for possibly the first half of this year or longer, before starting to move up permanently as a new bull run gets going. It could end early if there is some major news that shifts the market quickly.

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Quote from: figmentofmyass on January 04, 2019, 05:09:13 PM

i think a stable range has begun to form, yeah. i find that strong market moves work like damped sine waves. you first have a strong thrust, then you have oscillations that eventually become weaker and weaker as the trend dies into a range.

Nice description. In fact, it is what happening for bitcoin price from quite time with a downtrend since 2018. I hope in 2019 we will experience some upward trending especially before summer or else it will be a hard year...

arpon11

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I think bitcoin is going to stablelize around $4000 to $6000 through out the first quarter of this year and for the second quarter we should expect another bullish or upwards trend that is going to push bitcoin above $10,000 . I have seeing many good comments and articles about bitcoin lately and it seems that we are at the point when the market will pick up again.

Quote from: Kolikalex55 on January 09, 2019, 11:48:03 AM

I think that bitcoin to overcome the desired goal which was $ 4000 but to be sure of the uptrend you need to bitcoin breaks the mark of $ 6000 and above then people will understand that a new wave of growth begins. I think there and I think it will be very soon.

That is my view too and if we really want to get in we have to buy now that bitcoin is still around $4000. Anything outside this might keep you aside the next big move.

target

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Quote from: Kolikalex55 on January 09, 2019, 11:48:03 AM

I think that bitcoin to overcome the desired goal which was $ 4000 but to be sure of the uptrend you need to bitcoin breaks the mark of $ 6000 and above then people will understand that a new wave of growth begins. I think there and I think it will be very soon.

Of course we want that to happen but we can not be for sure about this. People tend to overreact to things that happen over and over like forked coins getting dumped and ETF decision postponed again. It always happen because its always been planned. If things goes positive and breaks $6k then lucky for those who had already accumulated enough.

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I think that bitcoin to overcome the desired goal which was $ 4000 but to be sure of the uptrend you need to bitcoin breaks the mark of $ 6000 and above then people will understand that a new wave of growth begins. I think there and I think it will be very soon.

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when viewed from the current situation it seems that the price of bitcoin will be stable for a long time, or the price of bitcoin will rise slowly. we'll see what happens next, a significant increase or a significant decrease.

Tagus45

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I think bitcoin will be able to recover but the movement is still slow, and for the next one or two months it will be around $ 4400 - $ 4500.

Ararbermas

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6k range has a tends after correction in my opinion. Which probably it will bullishing on the first wave but it will stop on that stage because for sure there will be another correction before it rising again "like what's happening always ". But i have doubts even though there's a correction always before rising up there's a high possibility in my view that bitcoin will rocketed again but not too much.

STT

legendary

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Quote from: figmentofmyass on January 04, 2019, 05:09:13 PM

It does resemble this but I always imagine we are when restricted in price, its set like a spring to release that range into moving in a new direction. In the past its just continually repeated smaller range and waited until news happens. In most markets I'm looking for an accumulation in trade or inventory where supply meets demand but BTC has its own mind on what it will do.

So right now I'm noticing the 50 day moving average is marking highs roughly. This wont ever be as strong as 200 day and the interest that carries but still its a measure of the medium term and the markets mood positively or not

Also its waving about the 8 day average, doing the bartman ?

2chase

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Now there is no reason for the price to continue to fall. Therefore, I think that in the next two months the price will return to the level of 6000, it is even possible that this will happen by the beginning of February, as a whole I am sure that the all first half of 2019 will have a positive trend for Bitcoin and for the rest of cryptocurrencies.

buwaytress

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Quote from: dothebeats on January 04, 2019, 04:14:57 PM

Quote from: buwaytress on January 04, 2019, 07:32:03 AM

Definitely can't rule out a new low from last year's, and if that does happen, we should easily see $2,500 if not even sub 2k, though that shouldn't last long and will fill a lot of buy orders.

I have several buy orders placed on $2500 and $2300 respectively should this market turns bearish once more, though the range of this current cycle that we are on seems to be hovering between $3500 and $4000 which seems pretty stable so far. I still expect a lot of surprises this year, especially a possible drop from our current footing that's why I already placed a buy order that seems pretty absurd by today's prices. The ones who bought at higher prices are probably scared to buy in right now, and the ones who are looking to stay on a long position are taking advantage of the current price range IMO.

Yeah, I think the first wall of buy orders will be just above $3k, but most normal big time traders will feel that if prices hit that low, then they will breach $2.5k, so even I would speculatively set most of my orders around your levels, to take advantage of flash crashes from this point. Would only adjust it back above $3k IF we see Bitcoin make a strong rally to $5k and stay for several weeks at least.

As it stands, I can't benefit too much from either way. Can't buy any more, and don't really have a big sell coming up. I will be paying a big commitment in May so would be helpful somewhat to see at least 30% gains from today by then. 30% drop is just as likely though!

adzino

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This is what it seems like. For the last few months we have seen the price being on the $6,000 range and was some what stable during that time. It was able to break the barrier/wall for a long time, and eventually crashed down to this $3,000 level. Looks like this is going to be the current range for now. If we are able to break this $4,000 wall, we might rise more. The opposite might happen too!

kateycoin

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

I believe that this year is a great year but still we dont have any assurance to what will be the price of bitcoin this year if its move up or steady to what the price now. Because many whales are playing the market so people confuse if this year will be go up or down let's continue to observe the market and continue to buy.

iv4n

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Quote from: omonuyak on January 05, 2019, 02:30:44 AM

Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

I think price is going to break this stable range before end of January 2019. The speculation that are coming in are most positive and that is a sign that bitcoin will be more of uptrend than downtrend. We should expect bullish market this year because I could remember this time last year bitcoin was doing well with bad news but this time around is going bad with good news.

Price will stay between 3 and 6 thousand dollars for a long time, maybe entire 2019. People expect too much after 2017, that year changed how people think and what people expect. From my point of view price will stay calm for some time, market will be calm without big ups and downs. Of course I made many mistakes with predicting bitcoin price movement, many times I was really surprised. That`s why people should learn about buy support and sell resistance, trade for little, don`t be greedy and always have back up plan, what ever market do. If price made some huge jump it will be great, but I don`t see that happening in next year or maybe two.

omonuyak

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

I think price is going to break this stable range before end of January 2019. The speculation that are coming in are most positive and that is a sign that bitcoin will be more of uptrend than downtrend. We should expect bullish market this year because I could remember this time last year bitcoin was doing well with bad news but this time around is going bad with good news.

crzy

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Possibly yes but still it will depend on the market trend and only time can tell. We are stable on this range maybe we are preparing for a bullrun or just waiting for the market to go down and hit the bottom. I believe this is a different trend now and a more hopeful year for cryptocurrency to rise, let’s give at least this first quarter to confirm the trend.

figmentofmyass

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

i think a stable range has begun to form, yeah. i find that strong market moves work like damped sine waves. you first have a strong thrust, then you have oscillations that eventually become weaker and weaker as the trend dies into a range. like this:

based on the sheer magnitude of the fall (84% from the top) and the fact that it's been more than a year now since the crash began, i think the range will eventually breaks upwards. but that's probably many months away. retesting the lows or wicking through $3k first is pretty likely too.

dothebeats

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Quote from: buwaytress on January 04, 2019, 07:32:03 AM

Definitely can't rule out a new low from last year's, and if that does happen, we should easily see $2,500 if not even sub 2k, though that shouldn't last long and will fill a lot of buy orders.

I have several buy orders placed on $2500 and $2300 respectively should this market turns bearish once more, though the range of this current cycle that we are on seems to be hovering between $3500 and $4000 which seems pretty stable so far. I still expect a lot of surprises this year, especially a possible drop from our current footing that's why I already placed a buy order that seems pretty absurd by today's prices. The ones who bought at higher prices are probably scared to buy in right now, and the ones who are looking to stay on a long position are taking advantage of the current price range IMO.

1Referee

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Quote from: WinslowIII on January 04, 2019, 02:18:24 PM

I'm expecting another few weeks in the $3ks followed by a fast crash down to the low $2ks, simply because the halving is so far away and there isn't any other compelling reason for a bull run to start this year.

Even if there is no direct reason for the price to pump like mad, it doesn't mean it has to go down. It could just as easily continue to move sideways for for a while, marking higher lows, and eventually break out to the upper side and leave $3xxx prices behind for ever. People seem to be overly bearish which makes me even more confident that we won't be spending much time below the $4000 level anymore.

I'm sure that a lot of people (who are in fiat or USDT) right now are waiting for the price to fall down in order to buy more, and they might be up for a nasty surprise in case the price doesn't fall down much lower than what it is right now. If you don't buy right now, even if it is just a small amount, you are not doing the right thing to benefit from the prices as seen right now. Today it's available, tomorrow it might not.

WinslowIII

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Quote from: masterzino on January 04, 2019, 02:59:55 PM

Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

It's look that. 3-4 is the new stable range for now. I just hope to not see another plunge to the 'new stable' range of 1.5-2K.

My hopes are to see some upward movements in Q2-Q3 this year with ICO market recovery.

If it's going to lower levels this year, the sooner the next plunge the better. The longer it sits in the mid $3ks, the more coins people will get fucked in the ass with when the next plunge happens. How do you think all those who bought in the $6ks feel right now?

masterzino

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

It's look that. 3-4 is the new stable range for now. I just hope to not see another plunge to the 'new stable' range of 1.5-2K.

My hopes are to see some upward movements in Q2-Q3 this year with ICO market recovery.

[btc]YSG

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Activity: 238

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

Think right now is more about stability, I think people are being very cautious with investments recently that's the main reason why there hasn't been any significant changes in these past month but after the stabilizing phase then things will get better.

WinslowIII

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Quote from: coinplus on January 04, 2019, 01:28:59 PM

Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

I am scared about the same exact thing. If that happens again I am afraid that bitcoin could go down and we would have to find a new "$3k range" this time instead of $6k range. Where would we fall from here ? $1900 or something ? That would be really horrible for all of us and I wish none of that for us. I want to make sure we live in a world bitcoin has seen the lowest at $3200 and will never drop as much as $3200 again.

I remember a post I read here that showed the minimums each year and 2017 had a minimum of $700 and max of $20k whereas 2018 had a minimum of $3200 which means even though the high was really high 2017 had a lower low. I wish this $3200 bottom for the year stays otherwise this new $3k range could be really dangerous.

I think your fear is going to be reality, but the good news is opportunity to enter the market at a cheap price. I'm expecting another few weeks in the $3ks followed by a fast crash down to the low $2ks, simply because the halving is so far away and there isn't any other compelling reason for a bull run to start this year.

coinplus

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

I am scared about the same exact thing. If that happens again I am afraid that bitcoin could go down and we would have to find a new "$3k range" this time instead of $6k range. Where would we fall from here ? $1900 or something ? That would be really horrible for all of us and I wish none of that for us. I want to make sure we live in a world bitcoin has seen the lowest at $3200 and will never drop as much as $3200 again.

I remember a post I read here that showed the minimums each year and 2017 had a minimum of $700 and max of $20k whereas 2018 had a minimum of $3200 which means even though the high was really high 2017 had a lower low. I wish this $3200 bottom for the year stays otherwise this new $3k range could be really dangerous.

tomahawk9

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

Do you think this same stability has begun to form over the next couple months in the mid $3ks?

I think there's a big chance that we could stagnate around that range for a very long time unless there's a fomo inducing event that could trigger upward movement in the short-term, or if the bulls gain some momentum to push the price up over 4k like we saw a couple of weeks ago, back then I believe there wasn't enough momentum to continue the rally and that's why we went down again.

Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

if so, will price break upwards to end this stable range or downwards, as it did last November?

It's hard to say, some people believe believe that we already found the bottom at 3.2k, some others still think that we could go further sub 2k to actually find the real bottom. I honestly think we're gonna test +4k again some time this month...just a gut feeling, maybe i'm just too optimistic.

hatshepsut93

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If you look at the charts, it's pretty common for Bitcoin to get stuck in certain ranged and only fluctuate by some 5-10%. So, $3.5k is indeed one of those ranged, just because it has been more than a month in here already. It's still not clear if this is the bottom or not, so the next big price change might be either a drop to below $3k or a jump to $5k. And we can't even know when exactly it will happen, it can easily last for months, because stagnation also happens on Bitcoin markets, or maybe we'll see a change very soon. Nothing is clear at this moment.

bitcoinisbest

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Quote from: eminemcookie on January 04, 2019, 11:41:54 AM

Seeing how volatility has since been increasing day by day and price movements have had an air of predictability about them then I think we might be seeing the same situation arising. The difference now is that it's forming near a long term support level so the likelihood of a 50% price decrease like we saw before is a lot lower in my humble opinion.

I do not think that 3k is new 6k. Infact I think we will soon exceed 6k and move upwards and be in the range of 5 digit mark which is due form long. This would be achieved now even if it had not reached in 2018. So as time has lapsed more so soon it will rise more or may be in couple of days it can rise like 4-5 k $.

eminemcookie

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Seeing how volatility has since been increasing day by day and price movements have had an air of predictability about them then I think we might be seeing the same situation arising. The difference now is that it's forming near a long term support level so the likelihood of a 50% price decrease like we saw before is a lot lower in my humble opinion.

Adriano2010

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I also think that this can happen, but maybe we need more time to reach 6000$ and, i hope to reach 6000$ range until the end of month and get bull run started next month. Anyway is better to wait if have some bitcoin and not sell now.

harizen

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

Honestly what will happened for the next few months is kind of not a thing on my mind today since Im still considering the current trend as part of the effect of what happened on a sudden dip (ok let's say crash). "Disregarding" any proper chartings, the effect will last until 2nd quarter of the year.

But take note that all speculations on what will happened can be spoiled anytime no matter how properly backed it up. For let's say the price will break @4,500 , it will trigger something bullish for let's say around 40%. And other more guesses will be made thereafter with such explanation.

For now, since we are just sharing our thoughts, we should not take this as reference on our future strategy. What we must do is to make a strategy that will take advantage on every possible trend that might happened later on.

Goodluck everyone.

BitHodler

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Quote from: Slow death on January 04, 2019, 07:12:53 AM

Honestly, I'd prefer the price to be stable between $3,500 to $4,000 for many months, this could cause governments and banks to start looking bitcoin as less volatile and more merchants would accept bitcoin as a means of payment. I know most people think of high profits, but we have to start thinking about using bitcoin as a means of payments in the real world.

We have had months of extremely low volatility in Bitcoin last year, and it didn't change anything or anyone's perspective on how we should use Bitcoin differently. People were sick and tired of it.

Governments and banks don't really care about Bitcoin being stable or not. Governments just want to tighten the ecosystem around Bitcoin with regulations, and banks want to sell you products based on Bitcoin.

The more volatility there is, the more likely it is that people will buy coins from whatever centralized entity and enter the market, because that's what got people interested in it in the first place.

buwaytress

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Quote from: exstasie on January 03, 2019, 04:26:40 PM

After the volatility we saw in November, we shouldn't expect a narrow range (like October 2018) to develop immediately.

We're in the early stages of a new trading range, but it's too early to say where the "mode" or middle of the range is. It may take some whipsawing around first, but I'm expecting a run to the upper $4,000s or $5,000s. After we establish a swing high (the top of the range), we'll be able to tell a lot more.

Which way will it break? My guess is this will be an accumulation range, a long term bottom. But we may end up temporarily punching below the $3,122 low all the same.

Probably the summary I agree with the most - but I wouldn't discount a narrow range happening again so soon - from where I look, it's quite possible we'll get a lot of weeks padding up this current levels before price moves significantly. If this is the multi-year bear more people are believing it's shaping up to be, then we shouldn't expect any large moves in Bitcoin - the action could all happen with alts, though.

Definitely can't rule out a new low from last year's, and if that does happen, we should easily see $2,500 if not even sub 2k, though that shouldn't last long and will fill a lot of buy orders.

Slow death

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

Do you think this same stability has begun to form over the next couple months in the mid $3ks?

Honestly, I'd prefer the price to be stable between $3,500 to $4,000 for many months, this could cause governments and banks to start looking bitcoin as less volatile and more merchants would accept bitcoin as a means of payment. I know most people think of high profits, but we have to start thinking about using bitcoin as a means of payments in the real world.

Jating

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Quote from: davis196 on January 04, 2019, 02:11:13 AM

This is what happens,when almost nobody wants to buy btc+we still have many btc hodlers.Price stability.
If the hodlers decide to sell,the price might go down to 2K USD or 1K USD,because nobody would want to buy all that BTC.The whales will conitnue waiting for a lower bitcoin price.We might witness another price crash during the spring,followed by fast recovery.

It doesn't make sense to a hodler to dump their bitcoins as this price. And I think the the bears are exhausted at this point. Those who are selling right now are shorting bitcoin that's why we have been trading sideways for the past months.

Breaking upwards or downwards call is difficult to call at this point. Maybe if we hear Bakkt going live then it will be a upward trend otherwise if another postponement then we will see another sell-off, specially those who are tired of waiting.

davis196

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This is what happens,when almost nobody wants to buy btc+we still have many btc hodlers.Price stability.
If the hodlers decide to sell,the price might go down to 2K USD or 1K USD,because nobody would want to buy all that BTC.The whales will conitnue waiting for a lower bitcoin price.We might witness another price crash during the spring,followed by fast recovery.

Oceat

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We have been suffering too much of this bear market, I think it's the right time for the bull to run. Though nobody knows when it will eventually going to occur this year, we just have to wait and see if there is a change of that stable price of $3k. It might break a new resistance, who knows. We will eventually see the bullish market soon.

exstasie

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Quote from: WinslowIII on January 03, 2019, 12:22:19 PM

For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

After the volatility we saw in November, we shouldn't expect a narrow range (like October 2018) to develop immediately.

We're in the early stages of a new trading range, but it's too early to say where the "mode" or middle of the range is. It may take some whipsawing around first, but I'm expecting a run to the upper $4,000s or $5,000s. After we establish a swing high (the top of the range), we'll be able to tell a lot more.

Which way will it break? My guess is this will be an accumulation range, a long term bottom. But we may end up temporarily punching below the $3,122 low all the same.

WinslowIII

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For two months the price stayed in an uncharacteristicaly stable range in the mid $6ks, before the price was very quickly crashed into half, down into the $3ks. Do you think this same stability has begun to form over the next couple months in the mid $3ks? if so, will price break upwards to end this stable range or downwards, as it did last November?

Topic: $3k range the new $6k range? (Read 870 times)