Bitcoin Price | Healthy pullback - page 2.

eagleman

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Quote from: tokeweed on January 22, 2018, 06:48:32 AM

But here's the thing, it's only a 'healthy pull back' if the price reverses and trends back up again.

I agree, there's no indication that it's a healthy pull back as long as it doesn't go back to its price before the correction.

I saw an analyst said the same thing but I can't find that article.

An analyst from Saxo Bank told that this correction is healthy but the 'healthy' pullback is still not visible.
Bitcoin Plummet 'Healthy Correction' Rather Than 'Bursting of Bubble'

Harlot

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Quote from: tokeweed on January 22, 2018, 06:48:32 AM

Nice looking analysis you got there. But here's the thing, it's only a 'healthy pull back' if the price reverses and trends back up again. But who's to say that it's going back up again? What if it goes down a bit more to 8k USD? Would that be a 'healthy pull back' as well?

No one can really predict the market. All we can do is follow the price, check the volatility and trade accordingly depending on how large or small our bankrolls are.

That will be called a correction of course and with what Bitcoin is now showing it is signaling that it will head that way. And you are right you cannot predict where it will go but a little help of technical analysis will help you narrow your choices and increase your chances of predicting the price of Bitcoin and where is it headed. With what Bitcoin is having which in its hourly chart it shows many attempts of false breakout meaning if you want to buy Bitcoin now is not the right time to do so.

tokeweed

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Life, Love and Laughter...

Nice looking analysis you got there. But here's the thing, it's only a 'healthy pull back' if the price reverses and trends back up again. But who's to say that it's going back up again? What if it goes down a bit more to 8k USD? Would that be a 'healthy pull back' as well?

No one can really predict the market. All we can do is follow the price, check the volatility and trade accordingly depending on how large or small our bankrolls are.

hugeblack

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Quote from: https://bravenewcoin.com/news/bitcoin-price-analysis-healthy-pullback/

Bitcoin (BTC) continues to be highly volatile. Having ranged over 30% in the past week, the cryptocurrency was, at one point, down 56% from all time highs. The BTC market cap now stands at US$190 Billion, with just over US$5 Billion traded in the past 24 hours.[1]

Quote from: https://bravenewcoin.com/news/bitcoin-price-analysis-healthy-pullback/

Unconfirmed transactions now stand at around 80,000, down from well above 250,000 in late December. The low sat fee/byte transactions remained unconfirmed until they are mined or time out in the network. Most of the high sat fee/byte and high priority transactions are being mined quicker than they are being replaced, so the backlog is decreasing. The current appropriate fee for a guaranteed confirmation within the next 5-10 blocks is around US$5 or less for a typical 250 byte BTC transaction.[2]

Quote from: https://bravenewcoin.com/news/bitcoin-price-analysis-healthy-pullback/

Do you think this is a Healthy pullback (like writer Analysis ) OR more crash coming?

Source: https://bravenewcoin.com/news/bitcoin-price-analysis-healthy-pullback/

Topic: Bitcoin Price | Healthy pullback - page 2. (Read 292 times)