700$ - Support became resistance | Bitcointalksearch.org

springgers

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Quote from: 1Referee on November 03, 2016, 01:41:13 PM

Quote from: mixan on November 03, 2016, 12:13:49 PM

It has had a major drop from $750 this morning to $715 now.
What happened all the sudden for this massive drop in price Embarrassed

It's funny that when the price goes up quite a bit, that people look at it from a point that it's nice, or okay, but when the price starts heading down, then there is all panic. Stop that.

Quote from: amacar2 on November 03, 2016, 01:26:00 PM

Actually price is even dropping more to hell, currently at 695$. Shocked

Haven't expected correction will be this huge, hope price may not get again back to $650 level.

Why does this come as such a surprise for you? If the price can go up significantly in quite a short time, then the price can also move in the opposite direction significantly in a short time. With the current wave of panic sellers, it may in fact come very close to the $650 level that you for some reason don't hope to see. Is that the price where you bought your coins at?

For sure that will happen, when price goes up, a lot of people have interest to sell it and at the same time when the price goes down, a lot of people have interest to buy, that's simple and that's why I don't expect big ups/downs... Bitcoin don't will reach 800 this year.

harizen

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Quote from: mixan on November 03, 2016, 12:13:49 PM

It has had a major drop from $750 this morning to $715 now.
What happened all the sudden for this massive drop in price Embarrassed

It's always happen even in the past so nothing new. Once there is a sudden price increase expect a sudden price decrease thereafter so you can't blame those profit takers. What we need to wait is, in what range it will established a good support or a so called correction price. The recent drop is good so that we can test how strong bitcoin price will sit on a certain range after a price decrease.

Hopefully resistance around $700 will be the same as what the resistance build around $600. Who knows $600 might be the bottom now.

1Referee

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Quote from: mixan on November 03, 2016, 12:13:49 PM

It has had a major drop from $750 this morning to $715 now.
What happened all the sudden for this massive drop in price Embarrassed

It's funny that when the price goes up quite a bit, that people look at it from a point that it's nice, or okay, but when the price starts heading down, then there is all panic. Stop that.

Quote from: amacar2 on November 03, 2016, 01:26:00 PM

Actually price is even dropping more to hell, currently at 695$. Shocked

Haven't expected correction will be this huge, hope price may not get again back to $650 level.

Why does this come as such a surprise for you? If the price can go up significantly in quite a short time, then the price can also move in the opposite direction significantly in a short time. With the current wave of panic sellers, it may in fact come very close to the $650 level that you for some reason don't hope to see. Is that the price where you bought your coins at?

amacar2

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Quote from: mixan on November 03, 2016, 12:13:49 PM

It has had a major drop from $750 this morning to $715 now.
What happened all the sudden for this massive drop in price Embarrassed

Actually price is even dropping more to hell, currently at 695$. Shocked

Haven't expected correction will be this huge, hope price may not get again back to $650 level.

mixan

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TRUMP IS DOING THE BEST! MAKE AMERICA GREAT AGAIN!

It has had a major drop from $750 this morning to $715 now.
What happened all the sudden for this massive drop in price Embarrassed

springgers

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Quote from: Shiroslullaby on October 31, 2016, 11:56:27 AM

Yoyo $10-20 until we hit around $750.
I'm not sure if we will reach $800, but I'm fairly certain this will be the last time to get Bitcoin close to $700 for a while.

I really don't think the price will reach $800 too and if reach for sure will be for few days and will go back to the "normality", China buying and the rest of the world selling, simple math.

romero121

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It looks good to see a price increase before the last month of the year, as most of the users expected for a increase by the days close to the last of December. This is just due to its nature the price increased and decreased to some extent which has once again started to rise to reach $750 within a short term.

Wind_FURY

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Quote from: ask on October 30, 2016, 10:02:24 PM

It looks scary. Please vote.

Why would it look scary? This is the time to hold and buckle your seatbelts because we are in for some volatility and a rocket ride up to what might be towards to $1000 again. I have to admit I closed my bids on $550 and had to buy more Bitcoins at a higher price when I saw how the price was behaving.

Febo

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Quote from: Pitchblackroom on October 31, 2016, 05:53:23 PM

620$ seems like the bottom but the bottom could break at any time.
However there could be a nice high of 800$. This should be the rough estimate through to the end of this year.
Just my predictions and speculations.

Price went to $620?

If that is true, then somoen got nice deal. I think this year price will not come close to $600 anymore. Unless something unpredictable happens.

tunctioncloud

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I'm really surprised. The price is rising again, after I thought that it was definitely finished when we passed below 700$ yesterday.

maku

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From what I notices Op is always pessimistic about market and bitcoin price. For him there is no good news.
Of course we will see some small resistance it is inevitable but major support level stands at $680 while resistance level - $720

Pitchblackroom

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620$ seems like the bottom but the bottom could break at any time.
However there could be a nice high of 800$. This should be the rough estimate through to the end of this year.
Just my predictions and speculations.

BitcoinBarrel

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$700 is a good price I think. $600 isn't too bad either. Interesting spot Bitcoin is in right now, could go either way.

btcdevil

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Now Bitcoin have crossed $700 and went above $750 and now profit booking took back to $700 , now the next range of bitcoin price is $670 - $750

Kprawn

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The $700 price is just a psychological level for most people.... Once we get past that barrier of thinking, we can take this too much higher

levels. Open your mind to prices that are higher than $1000 and even higher than that. We need to go to $1000+ like the days of the

Willybot, but this time we will do it without a crazy bot. Grin

Shiroslullaby

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Yoyo $10-20 until we hit around $750.
I'm not sure if we will reach $800, but I'm fairly certain this will be the last time to get Bitcoin close to $700 for a while.

JimboToronto

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Quote

700$ - Support became resistance

Resistance at $700?

All the resistance of butter to a hot knife. Grin

Up we go.

calme

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Well, in any case, I shorted on Kraken [but am long (forex) in general from a low price I'll never get stopped out at]. I was the BTC/Euro dump on Kraken that just happened. Might have to stop out the short but I think we'll have one final decline. If I lose, I win. These situations really chill you out about the outcome. That is, when a small portion of your positions are betting against the larger portion.

Of course, I refer to the Chinese charts regardless of the exchange I'm on. Someone here mentioned that Kraken is an indicator of what the other exchanges will do, which I don't understand but would love some explanation of. As far as I know, SF is the innovation and CN is the price.

calme

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There are all sorts of fallacy names (e.g. "red herring," "denying the consequent," "affirming the antecedent" and so on). What's the one where you only give options that are biased in one direction, so that you only get a belief/response in that direction? For example, "Do you love me or do you just like me?".

In any case, I chose 680, but my forex orders in that range haven't filled. I also had an order for about 676 on Kraken, which also didn't fill. I noticed that had I placed the Kraken order in BTC/Euro equivalent, it would have filled. You can get in lower on Euro, but just watch out for liquidity issues so that you don't get margin called. You can always ask support about the liquidity providers for an exchange you're using.

crairezx20

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I think the price will go back to normal price when the price is 638 or below. this end of this month or this coming november so some of my bitcoin sold when the price is 700 above..

Greenenergy

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So finally what I've been saying was true. I knew that it wouldn't last long. For me it will be 620$.

ynef

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Posted this in another thread yesterday:

It's a W1 chart which shows the coin is overbought.

If charts mean anything to Bitcoin at all, this whole week could be a downward move. I voted for $620.

zby

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700 was support only at bitfinex where there it is already over 700 - so it is not resistance any more.

pooya87

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Quote from: Invulner on October 31, 2016, 01:30:58 AM

Idk... $700 didn't last long... Sitting at $698 right now so we'll see i guess. I'd say short term wouldn't go under $660.

your comment does not make any sense my friend. think about what you write for a moment.
first of all price is 700+ in some exchanges and 690+ in some others.
secondly what you said, $698 is only $2 lower than $700 in other words it is about 0.2% . bitcoin has more fluctuation in one day when price was stable at $600 now you worry about 0.2%?

1Referee

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Quote from: ask on October 30, 2016, 10:02:24 PM

It looks scary. Please vote.

What's so scary? For a trader these situations are a more than welcome happening. I have sold a few coins at the time the price reached $700 and I am now waiting to buy back (in case the price really goes down).

There are two possibilities right now;

# We'll see the rally pushes through the $700 level again where $750 might get reached.
# Or we'll head down to the lower area of the $600's.

In my situation, if the prices continues to go up, I'll sell some more till the top is reached, and when the price goes down significantly I'll be buying back. Either way, I benefit. Wink

Invulner

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Invulner

Idk... $700 didn't last long... Sitting at $698 right now so we'll see i guess. I'd say short term wouldn't go under $660.

zby

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Hidden bull divs on many indicators. Probably needs some time to reload and spring back.

pooya87

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it is too soon and too hard to say anything for sure right now about the bottom since this price ($700) has been reached recently. but the most possible scenario is that we will see $700 + $10 for a while and i doubt any of the POLL prices will be reached!

Vahnt

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Daily BB middle line is approx 660 so I think it'll hit support there. If not, then perhaps high 500's/low 600's

ask

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It looks scary. Please vote.

Topic: 700$ - Support became resistance (Read 1476 times)