Beginning of the trend reversal - page 3.

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: Hugroll on December 20, 2015, 01:49:10 PM

Quote from: ING Bank on December 20, 2015, 10:23:00 AM

Today on the 20th of December the trend is reversing.
The bitcoin price is coming back down from its $450-$500 peak.

eh if the price drops below 400, i reckon alot of people will start dumping their coins and itll just decrease even faster. cant imagine it going too low though,people who believe in btc would just buy more and more.

'Smart Money' reload zone is down in the $360s m8.

Noobs will panic and dump it down to there.....sharks will be buying into dumps with both fists.

Hugroll

hero member

Activity: 756

Merit: 500

Quote from: ING Bank on December 20, 2015, 10:23:00 AM

Today on the 20th of December the trend is reversing.
The bitcoin price is coming back down from its $450-$500 peak.

eh if the price drops below 400, i reckon alot of people will start dumping their coins and itll just decrease even faster. cant imagine it going too low though,people who believe in btc would just buy more and more.

DrLove2048

member

Activity: 84

Merit: 10

Quote from: ?? on ??

Quote from: DrLove2048 on December 20, 2015, 01:27:32 PM

Nice for the price to drop to get a chance to scoop up some cheap bitcoins before the real rise

sure, you can buy all the way to $0. no one can stop you from wasting your own real money into some ponzis.

Thanks for the tip! Selling all my BTC now and never looking back. Good bye everyone on this form thanks for your help!

DrLove2048

member

Activity: 84

Merit: 10

Nice for the price to drop to get a chance to scoop up some cheap bitcoins before the real rise

kwukduck

legendary

Activity: 1937

Merit: 1001

Yep, for now sell and see if we can gain some momentum back in the 360-380 range.

MatTheCat

hero member

Activity: 840

Merit: 1000

1Hr EMAs confirm short term bear market:

https://www.tradingview.com/x/mnWvCbSK/

and if that wasn't spooky enough, here is the 1 day chart:

https://www.tradingview.com/x/a1W2Q8sn/

iv4n

legendary

Activity: 3164

Merit: 1175

A bit down, a bit more up. A bit up, a bit more down.. this is normal things for bitcoin. I believe it will not going below 400 $. This is just a temporary, we will see price recovery for couple days or even faster. Just u people relax and don't freak out. Even if it falls below 400 it will be nice opportunity to maybe buy some btc while its cheap. For some traders this is good thing for sure, how can they earn if there isn't ups and downs, spikes and bubbles..
I was sure that price will not start to fall until new year, now I see i was wrong. Im still hoping that we will get in new year with 500 $ or more.

Denker

legendary

Activity: 1442

Merit: 1014

Quote from: ING Bank on December 20, 2015, 10:23:00 AM

Today on the 20th of December the trend is reversing.
The bitcoin price is coming back down from its $450-$500 peak.

Yes looks like that.
But how much will we go down? And for how long?
Sub 400 and I will check for a bit more of accumulation.
A cheap coin is a good coin to go for.

Amph

legendary

Activity: 3206

Merit: 1069

Quote from: oblomov on December 20, 2015, 10:55:57 AM

Keep in mind: corrections must be scary to shake out the weak hands.

I would not be surprised to see USD/BTC drop to the 390 range in the next 2-3 weeks.

Longer term, I am strongly bullish.

how is long this long term? 5 10 years? because it seems that this word will always be used even in 10 years from now

we are already in long terms phase, this si just the beginning, i'm also in favor of any drop for correction purpose, since it permit the price to be more stable before the next rally

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: randy8777 on December 20, 2015, 10:49:33 AM

my guess is that it might fall back (if that's going to happen) to around $430-$440. not much lower than that. definitely not below $400. that would be a great moment for people to buy.

think you need to lay off the hopium tbh.

if you can't withstand a correction much deeper than $430, then my advice to you would be to cash out now, and buy back in down around sub $400 area.

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

Quote from: MatTheCat on December 20, 2015, 10:25:36 AM

Quote from: ING Bank on December 20, 2015, 10:23:00 AM

Today on the 20th of December the trend is reversing.
The bitcoin price is coming back down.

Right this moment Huobi has confirmed bear market structure on shorter term time frames.....

....looks like BTC is likely to roll over, doubt the correction will go too deep though.... very strong support at $380, if it even gets that far down.

Edit: I have an account on Huobi and am having difficulty in getting access to it...but everytime the exchange starts working again, the price dumps, then the exchange ceases to function again.....flashing warning signs if ever I saw them.

I agree. there is a strong, previously resistance, now support cluster between $350 and $400 that should provide support on the eventual move down. It will look technically very good as well if this zone is once again tested and provides positive outcome.

oblomov

full member

Activity: 158

Merit: 100

Keep in mind: corrections must be scary to shake out the weak hands.

I would not be surprised to see USD/BTC drop to the 390 range in the next 2-3 weeks.

Longer term, I am strongly bullish.

randy8777

legendary

Activity: 896

Merit: 1000

my guess is that it might fall back (if that's going to happen) to around $430-$440. not much lower than that. definitely not below $400. that would be a great moment for people to buy.

MatTheCat

hero member

Activity: 840

Merit: 1000

Fucking hell...

Kraken down as well.....

So both exchanges I operate on, go down right when Bitcoin is on the precipice of an obvious correction.......is this not the sort of stunts that Gox used to pull when it was trying to prevent the market from taking a course it didn't like?

Just as well I wasn't frantically trying to dump a load of BTC or take a short position, otherwise I might be rather agitated right now......

suda123

full member

Activity: 210

Merit: 100

Quote from: ING Bank on December 20, 2015, 10:23:00 AM

Today on the 20th of December the trend is reversing.
The bitcoin price is coming back down from its $450-$500 peak.

looks like it

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: ING Bank on December 20, 2015, 10:23:00 AM

Today on the 20th of December the trend is reversing.
The bitcoin price is coming back down.

Right this moment Huobi has confirmed bear market structure on shorter term time frames.....

....looks like BTC is likely to roll over, doubt the correction will go too deep though.... very strong support at $380, if it even gets that far down.

Edit: I have an account on Huobi and am having difficulty in getting access to it...but everytime the exchange starts working again, the price dumps, then the exchange ceases to function again.....flashing warning signs if ever I saw them.

ING Bank

newbie

Activity: 12

Merit: 0

Today on the 20th of December the trend is reversing.
The bitcoin price is coming back down from its $450-$500 peak.

Topic: Beginning of the trend reversal - page 3. (Read 2888 times)