Topic: Bitcoin can go below $3k if support level at $3800 will be broken (Read 808 times)
September 24, 2017, 07:01:17 AM
To be honest, this is the thing I'm afraid of. if you look at the current price it seems possible for bitcoin price to drop below $ 3000 as the next few days the largest exchange site in china will be closed if the price does not exceed $ 4000 or remain in the range of $ 3000- $ 3800. I'm sure the bitcoin price will be under $ 3000.
September 24, 2017, 04:24:35 AM
Current crypto market is looking bearish but you can make some intraday short term trades for quick profit. Key level to watch today is $3810 and if it will break price can easily touch $3500 in short term and $3300 to $29xx level in mid term.
http://altcoin.media/2017/09/19/bitcoin-can-go-below-3k-daily-technical-analysis-bitcoin-ethereum-qtum-omg/
At the moment price is at 3685$ and it seems to me that your predictions OP is happening slowly but surely. For sure price can go down more if this bearish trend continues and go below 3000$. In fact it might go way beyond the price of 2800$ if more people joins in the pump and dump market today especially those who are holding a ton of bitcoin. I hope that by Christmas time bitcoin have recovered from this. http://altcoin.media/2017/09/19/bitcoin-can-go-below-3k-daily-technical-analysis-bitcoin-ethereum-qtum-omg/
September 24, 2017, 04:12:13 AM
Currently, we are below $3800. And actually we've been like this for several days now and there is no sign of a collapse of price that would drive us to $2000 or less at any time soon. Price is just making sideways movement right now, but definitely not going down like that.
There is not much volume at the moment, hence the tight range of $3500 - $3800. Most of the money is sitting on the sidelines. It's only when traders go back into the market we will see which way it will jump - and it could be a sell off, depending on the news in the next month.
September 24, 2017, 01:26:46 AM
Current crypto market is looking bearish but you can make some intraday short term trades for quick profit. Key level to watch today is $3810 and if it will break price can easily touch $3500 in short term and $3300 to $29xx level in mid term.
http://altcoin.media/2017/09/19/bitcoin-can-go-below-3k-daily-technical-analysis-bitcoin-ethereum-qtum-omg/
http://altcoin.media/2017/09/19/bitcoin-can-go-below-3k-daily-technical-analysis-bitcoin-ethereum-qtum-omg/
I really doubt it.
Currently, we are below $3800. And actually we've been like this for several days now and there is no sign of a collapse of price that would drive us to $2000 or less at any time soon. Price is just making sideways movement right now, but definitely not going down like that.
I'd predict the exact opposite of what the article is saying - the price should go up to at least $4200 by the end of the month, and this sideways movement is the precursor of that. Great time to buy in right now.
September 23, 2017, 11:41:50 PM
this is why i say in bitcoin you should not pay much attention to what "technical analysis" tells you. it is usually not true although it can give you a good picture.
even since this topic was started (19/9) the $3800 "support" was indeed broken but price only tested $3500 and came back to $3700 and rising again.
the thing is, $3k is not going to be repeated that easily. it was the height of the FUD time and the panic sell and manipulation caused that low a price. it can not happen under normal circumstances. and the current FUD and manipulation only has power enough to keep price at this level and prevent the $4000+ breakout, nothing more.
even since this topic was started (19/9) the $3800 "support" was indeed broken but price only tested $3500 and came back to $3700 and rising again.
the thing is, $3k is not going to be repeated that easily. it was the height of the FUD time and the panic sell and manipulation caused that low a price. it can not happen under normal circumstances. and the current FUD and manipulation only has power enough to keep price at this level and prevent the $4000+ breakout, nothing more.
September 23, 2017, 10:28:45 PM
we can not guess the price even though it is a revelation from someone famous. they only make a speculation but not necessarily true because it could be when the price reaches as they say it is not likely to decrease but it could be otherwise
September 23, 2017, 10:21:57 PM
Current crypto market is looking bearish but you can make some intraday short term trades for quick profit. Key level to watch today is $3810 and if it will break price can easily touch $3500 in short term and $3300 to $29xx level in mid term.
http://altcoin.media/2017/09/19/bitcoin-can-go-below-3k-daily-technical-analysis-bitcoin-ethereum-qtum-omg/
http://altcoin.media/2017/09/19/bitcoin-can-go-below-3k-daily-technical-analysis-bitcoin-ethereum-qtum-omg/
Don't think so. Price is nearly $3800 again but we have stayed below $3800 for quite a while now with no apparent crash coming up. There is a lot of support at both the $3.5k level and the $3k level.
If we were going to go down to less than $3k then it would have happened in the panic dump that happened last week. The fact that it didn't happen meant that there is still sizeable demand for btc and price is holding up strong.
In fact, i think that by the end of the month we should see $4k once again.
September 23, 2017, 03:22:48 PM
Current crypto market is looking bearish but you can make some intraday short term trades for quick profit. Key level to watch today is $3810 and if it will break price can easily touch $3500 in short term and $3300 to $29xx level in mid term.
http://altcoin.media/2017/09/19/bitcoin-can-go-below-3k-daily-technical-analysis-bitcoin-ethereum-qtum-omg/
http://altcoin.media/2017/09/19/bitcoin-can-go-below-3k-daily-technical-analysis-bitcoin-ethereum-qtum-omg/
On the contrary the price drops to $3500 then suddenly regains support and push it to $3800. And I think there is a strong resistance maybe just a dip of < $100.
The bitcoin doesn't go to below 3k. But the support 3800 already broken, because there is no any news to sell and a lot of people are still keep their bitcoin.
Aside from the fact that the $3800 mark hasn't been whatever form of support level at all, there is nothing that prevents this market from going below $3000 if there is another round of fud taking the market down.I personally don't mind another buying opportunity below the $3000 mark, so I made sure there is enough fiat aside in case it turns out to happen, and I believe that the chances are quite realistic with a looming hard fork.
From there we have two things to focus on ~ (1) more fud from China, and (2) hard fork/chain split fud. With that in mind, there is no need for whatever news to take the price down, the fud around the two afore mentioned is enough.
Yes, We always wait or a good buying point so $3000 would be a good entry point. We are still waiting how the market will react once the exchanges closes, we may see the price going down again. We don't need to sell but instead we should be buying more bitcoin.
September 23, 2017, 02:45:41 PM
The bitcoin doesn't go to below 3k. But the support 3800 already broken, because there is no any news to sell and a lot of people are still keep their bitcoin.
Aside from the fact that the $3800 mark hasn't been whatever form of support level at all, there is nothing that prevents this market from going below $3000 if there is another round of fud taking the market down.I personally don't mind another buying opportunity below the $3000 mark, so I made sure there is enough fiat aside in case it turns out to happen, and I believe that the chances are quite realistic with a looming hard fork.
From there we have two things to focus on ~ (1) more fud from China, and (2) hard fork/chain split fud. With that in mind, there is no need for whatever news to take the price down, the fud around the two afore mentioned is enough.
September 23, 2017, 01:59:47 PM
The support level will break for sure as many have said do not invest in bitcoin until 30th sept because china isn't gonna stop they are planning to do more bans and regulations on bitcoin. Below 3000$ is actually good for the community to buy more bitcoins i already grabbed some at 3200$ and currently the support level looks really know i don't think enough resistance will be there
Of course every dip is a good buying for all of us. Well the China hangover up to the 30th is still there but bitcoin proves that it can withstand anything. The price is $3800 so the Dimon bashing has little or no significant effect on the price. I'm expecting the price go to down slowly because of the closure, but it seems to be moving north again. We still have one week to go, so anything can happen but I don't think that it can go down below $3000, support level is very strong as evident of today's price.
It's only good for the people having fiat money and free capital on their pocket so that they can buy more free/cheap bitcoin. For those who are only holding bitcoin, it's not that good.
And I also think supports sometimes doesn't work while the market is volatile.
September 23, 2017, 10:22:30 AM
Current crypto market is looking bearish but you can make some intraday short term trades for quick profit. Key level to watch today is $3810 and if it will break price can easily touch $3500 in short term and $3300 to $29xx level in mid term.
http://altcoin.media/2017/09/19/bitcoin-can-go-below-3k-daily-technical-analysis-bitcoin-ethereum-qtum-omg/
And finally you are very wrong about the prediction of the bitcoin price. The bitcoin doesn't go to below 3k. But the support 3800 already broken, because there is no any news to sell and a lot of people are still keep their bitcoin. http://altcoin.media/2017/09/19/bitcoin-can-go-below-3k-daily-technical-analysis-bitcoin-ethereum-qtum-omg/
September 23, 2017, 08:53:57 AM
The stats show that the price rising is a bit too fast and it is possible to go below 3k, but the trend now is still positive, so hopefully it wont break down, the price now is not too stable yet, so still got the chances for a low drop
But I think, bitcoin will not reach the value of 3000$.I think the price of bitcoin will be stable at the value of 3500$.At first, it should go below that stable value. Then only You should think about the 3000$ and all.At the end of this September, you may except the price of bitcoin to 4500$.
September 23, 2017, 08:52:24 AM
The stats show that the price rising is a bit too fast and it is possible to go below 3k, but the trend now is still positive, so hopefully it wont break down, the price now is not too stable yet, so still got the chances for a low drop
so bitcoin still have a chance to fell more, after seeing 3600$ i thought it will fall really deep but i guess new comer still feeling that theirs stillbig chances to earned from this investment and they are lucky to buy those coins from the Chinese hope they will hold it for a while.
September 23, 2017, 08:37:45 AM
The support level will break for sure as many have said do not invest in bitcoin until 30th sept because china isn't gonna stop they are planning to do more bans and regulations on bitcoin. Below 3000$ is actually good for the community to buy more bitcoins i already grabbed some at 3200$ and currently the support level looks really know i don't think enough resistance will be there
Of course every dip is a good buying for all of us. Well the China hangover up to the 30th is still there but bitcoin proves that it can withstand anything. The price is $3800 so the Dimon bashing has little or no significant effect on the price. I'm expecting the price go to down slowly because of the closure, but it seems to be moving north again. We still have one week to go, so anything can happen but I don't think that it can go down below $3000, support level is very strong as evident of today's price.
September 23, 2017, 07:28:43 AM
I think that people pay too much attention value of bitcoin. Much more to me than the news that Amazon promises to open the possibility of trading bitcoins. It will have a greater impact on the price of bitcoin than the prohibition of China. Why does everyone say that are accustomed to constant changes of price, but every time you panic?
September 23, 2017, 06:38:27 AM
From the URL's short post:
That article is BS. I'm not saying that the writer is incorrect with his/her predictions, but the writer just made claim after claim saying that X will happen if Y happens etc etc without even attempting to explain why and how he/she ended up with that prediction.
This. Even worse than the bullshit TA people put out every day that is also proven wrong daily. I can't believe people actually follow the claims of paid writers that crank out misinformed shit every day, just pulling numbers out of their ass. Quote
Current crypto market is looking bearish but you can make some intraday short term trades for quick profit. Key level to watch today is $3810 and if it will break price can easily touch $3500 in short term and $3300 to $29xx level in mid term.
ETH might also drop to $265 and if it breaks it can go lower with respect to bitcoin price.
QTUM was pumped hard yesterday by some whales they easily sold all their bags on peak prices for easy profit. Many of you might got trapped on yesterday’s pump and dump scheme on QTUM. Don’t get fooled by such small pumps and dumps. If BTC goes down price of QTUM can go below $5.3 types.
OMG has turned bearish too. Expecting ETH to fall less than BTC when it does. Can open some long position in ETH-BTC at around 0.063-0.064 BTC.
There is some big buy orders on BTC at $3800, could jump a bit from there. If it doesn’t hold there, then $35xx should come easily.
ETH might also drop to $265 and if it breaks it can go lower with respect to bitcoin price.
QTUM was pumped hard yesterday by some whales they easily sold all their bags on peak prices for easy profit. Many of you might got trapped on yesterday’s pump and dump scheme on QTUM. Don’t get fooled by such small pumps and dumps. If BTC goes down price of QTUM can go below $5.3 types.
OMG has turned bearish too. Expecting ETH to fall less than BTC when it does. Can open some long position in ETH-BTC at around 0.063-0.064 BTC.
There is some big buy orders on BTC at $3800, could jump a bit from there. If it doesn’t hold there, then $35xx should come easily.
That article is BS. I'm not saying that the writer is incorrect with his/her predictions, but the writer just made claim after claim saying that X will happen if Y happens etc etc without even attempting to explain why and how he/she ended up with that prediction.
September 23, 2017, 06:21:44 AM
The support level will break for sure as many have said do not invest in bitcoin until 30th sept because china isn't gonna stop they are planning to do more bans and regulations on bitcoin. Below 3000$ is actually good for the community to buy more bitcoins i already grabbed some at 3200$ and currently the support level looks really know i don't think enough resistance will be there
September 23, 2017, 05:52:49 AM
Current crypto market is looking bearish but you can make some intraday short term trades for quick profit. Key level to watch today is $3810 and if it will break price can easily touch $3500 in short term and $3300 to $29xx level in mid term.
http://altcoin.media/2017/09/19/bitcoin-can-go-below-3k-daily-technical-analysis-bitcoin-ethereum-qtum-omg/
http://altcoin.media/2017/09/19/bitcoin-can-go-below-3k-daily-technical-analysis-bitcoin-ethereum-qtum-omg/
I don't think that technical analysis, which was developed for traditional financial markets and works only slightly more than 50% of the time, can be applied even with that degree of success to Bitcoin, because Bitcoins price has its own dynamic and causes; whales, rumors, news, FUD, manipulators play much bigger role than in traditional markets. Those who trade Bitcoin seriously try to get some information not yet known to the public as there is no punishment for that because Bitcoin is unregulated.
September 23, 2017, 05:24:06 AM
The stats show that the price rising is a bit too fast and it is possible to go below 3k, but the trend now is still positive, so hopefully it wont break down, the price now is not too stable yet, so still got the chances for a low drop
September 23, 2017, 04:39:52 AM
We will see another decline until next month or earlyish~middish october next month,
We need to know what is the reaction of the markets and the traders when every chinese exchanger closing their door,i am expecting a flas crash for 2~3 days before we start to recover back.and i believe we should can see $2500 or even lower.
From my view,our biggest support right now is $3000,we are starting to make another decline lately.slowly the price showing a downward movement.
We need to know what is the reaction of the markets and the traders when every chinese exchanger closing their door,i am expecting a flas crash for 2~3 days before we start to recover back.and i believe we should can see $2500 or even lower.
From my view,our biggest support right now is $3000,we are starting to make another decline lately.slowly the price showing a downward movement.
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