Are We Going Back to $7,000? - page 2.

dark08

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Quote from: Shinpako09 on May 23, 2019, 08:53:19 AM

Of course it's possible but is there something to worry. To stop yourself from worrying, just think that price will go back later because eventually it will go up. You are just stressing yourself. Aren't we in bull run already, so why worry? If this fall will continue then it's clear we aren't in complete bull run.

This is a correction after a huge pump up of Bitcoin but like you said nothing to worried because this is normal in the market to see a pump and dump situation just always remember that Bitcoin is grow faster as people imagine it surely go back to $10,000 level sooner or later but not just focus your self tobe positive and just make a good entry in the market, stressing your self is not good specially if you are a day trader or long term holder.

onecall123

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Yup. It will go back up eventually. Pretty sure that’s happened to us all at one point. Now the market is down. To me sit tight, the market needed to correct. Gonna go up again and will be back up in a week or something like that. I’ll bet on that.

Shinpako09

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Of course it's possible but is there something to worry. To stop yourself from worrying, just think that price will go back later because eventually it will go up. You are just stressing yourself. Aren't we in bull run already, so why worry? If this fall will continue then it's clear we aren't in complete bull run.

Huantobene

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It's extremely possible that $7000 will be reached ever, but it would be too far-fetched to say that we-re heading towards $7k right now. The last pullback from 8300 was bought and got up 8100 again, but if it continues making lower lows and lower heights, then $7000 is on the radar for the next month. There could also be spikes, so if you want to buy low, place ladder orders starting from maybe 7100 and down to 5000 and eve below if you can't be at the charts all the time. Btc have long proved anything can happen any minute.

LimLims

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See dude, first i would like to say that,
Market is never predictable and so now it's happening.
We have seen bitcoin rising and now it decreased for a moment, now it again started increasing.
Nevertheless it's always nice if the price increases.
Now lets hope for the best.

boyptc

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Quote from: oseikuf44 on May 22, 2019, 06:58:02 AM

I don't think so. Before any bull run the market normally experience up and down until it break the 8000 price upward. It is time Bitcoin is picking up and coming below 7000 USD is a no go area.

I won't be that confident to say that $7k and below is a no-go area for bitcoin.

Every price is of possible until we see heights that are too far from that. But today, we're still on the axis of $7k and it's likely that we can go down anytime.

deisik

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Quote from: exstasie on May 22, 2019, 02:06:20 PM

In the short term, I'm not sure we can get all the way back to $7,000 again. That momentary selloff the other night was bought up very quickly, exhibiting very strong demand at lower levels.

If we break down from this $7,900 area, I see a zone of support in the $7,200-$7,400 area. My guess is that's where any correction will stop. Then we'll probably go on to new highs

This whole thing looks very suspicious to me

If you were following the prices as well as news, you would have noticed that the major price movements as of recent are mostly related to Bitfinex in some way (and their litigation with the New York Attorney General’s office). Unsurprisingly, the fast rise from lower 4k had begun shortly before Bitfinex announced they had 850M dollars arrested. So how much of the current growth is organic, if I can say so? Could this rally have been caused by Bitfinex doing something nasty again (like printing tethers and buying up bitcoins to fill their liquidity gap)?

OrangeII

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Quote from: michellee on May 23, 2019, 12:18:11 AM

We already stay at $7,000-$7900 from yesterday, and the price now was trying to break the higher price, and I am sure the price can do that. But we need to be patient and don't sell too fast because we could wait for a while until the price can increase more than $8,000 and then we can sell some bitcoin. But I don't think that the price will go lower than $7,000 in the next month because that will makes people being panic if they see that price happen.

however, the price of bitcoin is so close to that price. but, paying attention to what happens every month, the bitcoin price at the end of the month always shows a decline. I hope the current decline is no more than $ 7500. well, even when the price is so close, the potential to have a high price is of course so big.

Gaff

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$7k to $8k range was within the range right now on bitcoin price, and it's barely playing over it's fluctuating trend. The activity was showing deep momentum cycle, as it's trending towards the highest price. Although the situation was not having an exact phase of increase signals, it's always a positive approach towards price increase capability.
Don't give up, just have a focus on every opportunity that will come because in survival your chances always depends on the outcome. You can't say the final conclusion unless, you did what's the best that you can do in order to succeed.

Herbert2020

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Quote from: leowonderful on May 22, 2019, 03:48:08 PM

Quote from: buwaytress on May 22, 2019, 05:21:22 AM

7,000 or lower? I wouldn't even rule out 5,000 to be honest. We're talking short term here, and that to me means till the rest of the year to wait out. We saw a huge pullback happen already for 20% losses and it could be a very different story if we didn't see this remarkable recovery to just below 8,000.

Another 20% slide from that 7k would have seen us at 5400... And then you know how people panic when they see their stash lose that much that quickly. Emotion is a funny thing in this market.

I completely agree, seems like we're continuing to sit right at or under $8000 for the time being and it seems to me a breakdown is more likely than a break above $8K at the moment. Longs also outnumber shorts on Bitfinex at the moment according to Datamish. I have a small long still open as I haven't had very good luck shorting this market recently, but things indeed look a bit shaky at the moment as the price slowly slides farther from $8k.

we are behind the $8k price because this is the real resistance and all the previous levels which people thought were "resistances" were really only a price on the way to this point. not to mention that because of the dumps earlier this year price was below the real intrinsic value and it needed to "jump" back up to this point which should have been reached months ago.
and that is why i don't see any drops without any really serious drama!

jademaxsuy

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I think not because the market has been decided by the investors and it seems that whales are holding back their btc up to bull run. There maybe a fluctuation this probably weak hands could not control by selling their btc holdings after seeing a minimal profit that has happen in tue current market. But, mind you that this will not going to go dow. instead many some weak hands will going back to invest bitcoin and eventually market will going to recover.

michellee

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We already stay at $7,000-$7900 from yesterday, and the price now was trying to break the higher price, and I am sure the price can do that. But we need to be patient and don't sell too fast because we could wait for a while until the price can increase more than $8,000 and then we can sell some bitcoin. But I don't think that the price will go lower than $7,000 in the next month because that will makes people being panic if they see that price happen.

leowonderful

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Quote from: buwaytress on May 22, 2019, 05:21:22 AM

7,000 or lower? I wouldn't even rule out 5,000 to be honest. We're talking short term here, and that to me means till the rest of the year to wait out. We saw a huge pullback happen already for 20% losses and it could be a very different story if we didn't see this remarkable recovery to just below 8,000.

Another 20% slide from that 7k would have seen us at 5400... And then you know how people panic when they see their stash lose that much that quickly. Emotion is a funny thing in this market.

I completely agree, seems like we're continuing to sit right at or under $8000 for the time being and it seems to me a breakdown is more likely than a break above $8K at the moment. Longs also outnumber shorts on Bitfinex at the moment according to Datamish. I have a small long still open as I haven't had very good luck shorting this market recently, but things indeed look a bit shaky at the moment as the price slowly slides farther from $8k.

n0ne

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Quote from: OrangeII on May 22, 2019, 09:44:42 AM

Quote from: xvids on May 22, 2019, 03:57:12 AM

I don't think that it would be down to $7,000 again it is playing around $7,900-8,000 .
If it does go down the lowest price would be around $7,500 because the investors would surely take the chance to buy it so it wouldn't stay low for a long time.
But if it does break it's current price range then maybe it would start climbing to $10K.

well, right now we are at $ 7800. that is natural, because the price of bitcoin is indeed unstable, but prices are now approaching $ 8000, and have the potential to be even higher. when prices fall, it's natural, and now, of course, people are very optimistic about the increase in the price of bitcoin at the end.

The price at which we stand is quite high compared to the quoted $7000. I too believe that the market is the same, and being volatile or fluctuating is its common growth manner. Until it gains resistance we'll see this price, and once achieved it will start moving to cross $8000. If it was towards $7000, days back when it fell back to $7300 by that time it could've taken place.

exstasie

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In the short term, I'm not sure we can get all the way back to $7,000 again. That momentary selloff the other night was bought up very quickly, exhibiting very strong demand at lower levels.

If we break down from this $7,900 area, I see a zone of support in the $7,200-$7,400 area. My guess is that's where any correction will stop. Then we'll probably go on to new highs.

1Referee

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Quote from: buwaytress on May 22, 2019, 05:21:22 AM

7,000 or lower? I wouldn't even rule out 5,000 to be honest. We're talking short term here, and that to me means till the rest of the year to wait out. We saw a huge pullback happen already for 20% losses and it could be a very different story if we didn't see this remarkable recovery to just below 8,000.

Another 20% slide from that 7k would have seen us at 5400... And then you know how people panic when they see their stash lose that much that quickly. Emotion is a funny thing in this market.

I like that. It seems that people have gotten more bearish in the short term, which might be resolved in a powerful green candle to the $8500 resistance.

People (moon boys mainly) were full of confidence on the way up, kept drinking hopium after it topped out, and now the price has been moving side ways longer than they expected, hopium lost its effect and as result fear starts to creep in. You got to love how volatile people's mindsets are. It's more volatile than the price of Bitcoin itself. Cheesy

I'm prepared for both up and down movements, so I can sit back and enjoy how the short term price action will play out.

OrangeII

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Quote from: xvids on May 22, 2019, 03:57:12 AM

I don't think that it would be down to $7,000 again it is playing around $7,900-8,000 .
If it does go down the lowest price would be around $7,500 because the investors would surely take the chance to buy it so it wouldn't stay low for a long time.
But if it does break it's current price range then maybe it would start climbing to $10K.

well, right now we are at $ 7800. that is natural, because the price of bitcoin is indeed unstable, but prices are now approaching $ 8000, and have the potential to be even higher. when prices fall, it's natural, and now, of course, people are very optimistic about the increase in the price of bitcoin at the end.

oseikuf44

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I don't think so. Before any bull run the market normally experience up and down until it break the 8000 price upward. It is time Bitcoin is picking up and coming below 7000 USD is a no go area.

Gozie51

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Quote from: buwaytress on May 22, 2019, 05:21:22 AM

Quote from: leowonderful on May 21, 2019, 08:42:13 PM

I wouldn't rule out a return to the lower or mid $7000s in the short term either as it seems we're having a somewhat difficult time breaking over $8000-8100 at the moment, though most of the dips that have occurred recently have also been bought up relatively quickly. Can't rule out an unexpected large wick down like what happened on the 16th of May either. I would be extremely cautious margin trading for now, keep watch on your positions and close out as needed.

7,000 or lower? I wouldn't even rule out 5,000 to be honest. We're talking short term here, and that to me means till the rest of the year to wait out. We saw a huge pullback happen already for 20% losses and it could be a very different story if we didn't see this remarkable recovery to just below 8,000.

Another 20% slide from that 7k would have seen us at 5400... And then you know how people panic when they see their stash lose that much that quickly. Emotion is a funny thing in this market.

Far from $5,000 we are. The market has a mechanism for some backslide which is what it has done already. Just like when it was bear, it also had a time for buys too after then it continued bear and I believe in this way, it has continued it trend.

buwaytress

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Quote from: leowonderful on May 21, 2019, 08:42:13 PM

I wouldn't rule out a return to the lower or mid $7000s in the short term either as it seems we're having a somewhat difficult time breaking over $8000-8100 at the moment, though most of the dips that have occurred recently have also been bought up relatively quickly. Can't rule out an unexpected large wick down like what happened on the 16th of May either. I would be extremely cautious margin trading for now, keep watch on your positions and close out as needed.

7,000 or lower? I wouldn't even rule out 5,000 to be honest. We're talking short term here, and that to me means till the rest of the year to wait out. We saw a huge pullback happen already for 20% losses and it could be a very different story if we didn't see this remarkable recovery to just below 8,000.

Another 20% slide from that 7k would have seen us at 5400... And then you know how people panic when they see their stash lose that much that quickly. Emotion is a funny thing in this market.

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