Bitcoin price going to sub-400 again? - page 2.

BitTyro

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Quote from: cooldgamer on February 24, 2016, 06:41:35 AM

I don't have much confidence that we're going to hold over 400 at the moment. The flashcrash wasn't the end of our downtrend as we've tested below 410 today, so the only thing left is the resistance down at 400. I've got a short in @419 and pretty confident that I'm going to be making a good bit off it, things just don't look too good for the price at the moment.

Now that you've said it, I'm slowly lossing confidence for the price to hold over 400. Like what @randy8777 said, it's sad to see the price at sub-400.
I can only hope that it wont go down further and for the mean time, I will try to take profit from small advances.

reputedchain

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Quote from: randy8777 on February 24, 2016, 06:38:12 AM

i was expecting the $415 price level to hold strong, but now i woke up i see that the price even touched $409. i think we will see the price come very close to $400 these days. i certainly hope we will not go below $400 as it would be sad to see.

Yeah it would be very sad and very disappointing to see if the price falls below $400 as we are expecting that it should reach $500 in next couple of months.

cooldgamer

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We are the champions of the night

I don't have much confidence that we're going to hold over 400 at the moment. The flashcrash wasn't the end of our downtrend as we've tested below 410 today, so the only thing left is the resistance down at 400. I've got a short in @419 and pretty confident that I'm going to be making a good bit off it, things just don't look too good for the price at the moment.

randy8777

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i was expecting the $415 price level to hold strong, but now i woke up i see that the price even touched $409. i think we will see the price come very close to $400 these days. i certainly hope we will not go below $400 as it would be sad to see.

UnDerDoG81

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It´s doing the same shit for a long time now. So, yes, it will go back sub 400 again I guess. I sold 10% of my BTC yesterday (unfortunately @415 instead of 440) only because this cycle repeated itself for too long now. I am no daytrader and had my coins on a paper wallet for almost 2 years but now it was time to take some risk. So, cmon BTC go to 380.

EDIT: But there is also another cycle that repeats itself every time. And that is, always when I take a risk, it goes badly wrong. So chances are, we will never see sub 400 BTC ever again Cheesy

Rotator

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I think this is just correction from pump. This can't even considered as a dump..
BTC will continue to rise i think. Or maybe just stay here around 450$.
You must admit this is really good price right now, if you look back 6 months.

Amph

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no probably they will play on current range 4xx-450 for some time, until there is the possibility to break 500

i can see another sub 400 if another bad news/drama pop up

SFR10

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Although the drop yesterday (3%) and today, so far at (0.36%), it's still in a range that is more or less still within being normal in which it always either goes up or down and not something new even though the signs shows something else. In terms of it settling again in around or lower than $400 then I doubt it will go that down this time.

Ibian

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I think 400 will hold. It didn't last time, so if it does then the next push will likely bring us north of 450. If both of those happen then 425 is very unlikely for the near future.

NorrisK

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Quote from: BitTyro on February 23, 2016, 06:15:12 PM

Quote from: cooldgamer on February 23, 2016, 03:14:54 PM

I really don't think we'll be going that low yet, this was just a correction after a rally that got ahead of itself. I think we'll hold the 420 range for a bit before possibly starting up another bubble to test 500. If we break the strong resistance around 416 that we've found then we'll probably end up at least testing 400, though. Psychological resistance will be strong there, so it will come down to how bad the market wants it to stay up..

hmm, I just hope that its nothing but a lil correction this time. But didn't a lot thought that we've found a resistance at 435 then it suddenly drop to 425?
From what I saw, I believe that we have witnessed a typical pump and dump yet again.

A typical pump and dump would've been with a lot more noise. We seemed to be increasing gradually. If someone wants to dump a lot of coins, they make sure to build buy support from people that want to get in on the train before they dump.

I don't think we had resistance at 435, we barely passed that level at all and were still playing in the high 43x and low 44x regions most of the time.

Pattart

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price down to $ 415 is very surprising. I was getting scared. if the price will drop to $ 400

angaper

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Yes, I think so my friend. I think there are no particular reasons these days to wait for an impressive upward movement. I think the bitcoin worth will remain stable for several months at this current range $350-450.

betterangels

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i don't think so, the price is stable @400
It will continue as-is till halving day.

mtnsaa

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Price will definitely be around $370-380 by the end of the week or the weekend itself, this pump was complete manipulation through & through. Hearn's words resonate louder than ever.

BitTyro

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Quote from: cooldgamer on February 23, 2016, 03:14:54 PM

I really don't think we'll be going that low yet, this was just a correction after a rally that got ahead of itself. I think we'll hold the 420 range for a bit before possibly starting up another bubble to test 500. If we break the strong resistance around 416 that we've found then we'll probably end up at least testing 400, though. Psychological resistance will be strong there, so it will come down to how bad the market wants it to stay up..

hmm, I just hope that its nothing but a lil correction this time. But didn't a lot thought that we've found a resistance at 435 then it suddenly drop to 425?
From what I saw, I believe that we have witnessed a typical pump and dump yet again.

1Referee

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If we can drop from $440 to $414 in a very short time, then we can definitely see the $400 level being tested, but I expect it to rise further from here. My target still is somewhere between $440-$450 for this week.

richardsNY

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It is surely possible after the sharp fall from $440 but from what it looks like I think we will be able to keep the price above $400. If we go down more then it will cost us a good amount of time before we reach to $440 levels and higher. It costs a lot time to build up the price, but it gets dumped down in a matter of minutes.

popovicbit

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I thought the price would reach at least 470 before dropping. I do think we will drop below 400, but not much lower than 370-380.

cooldgamer

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We are the champions of the night

I really don't think we'll be going that low yet, this was just a correction after a rally that got ahead of itself. I think we'll hold the 420 range for a bit before possibly starting up another bubble to test 500. If we break the strong resistance around 416 that we've found then we'll probably end up at least testing 400, though. Psychological resistance will be strong there, so it will come down to how bad the market wants it to stay up..

NorrisK

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I have to admit it has dropped faster than I would've expected today. A bit of correction was unavoidable, but it is a bit oversold now imo. I don't expect sub 400 coins again.

We'll likely see it bounce back to mid 42x again tomorrow if nothing strange happens. Probably a lot of people had to close their positions to avoid major losses which caused the price to drop down significantly.

Topic: Bitcoin price going to sub-400 again? - page 2. (Read 2304 times)