Bitcoin psychological keyline of $2877

MrCrank

sr. member

Activity: 1330

Merit: 258

Quote from: btcone111 on September 15, 2017, 06:24:14 AM

Quote from: MrCrank on September 15, 2017, 03:35:31 AM

Quote from: Mr.Stinson on September 15, 2017, 03:12:20 AM

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

My opinion that it's impossible.
Can't break 3000 usd. After few days price going to 5000 usd IMHO.
This is good price for buying bitcoin today.

While you're still dreaming it cannot break $3000 here we go, $2977!!
Grin

Can't it's exchange bug Grin

Price rising again! 3500+ USD now!
Don't panic friends! I bought little bitcoins when price was been about 3000.
Good profit to all!

GeePeeU

sr. member

Activity: 545

Merit: 251

ASK

Cue FOMO and a rush to 6k, followed by another dump.

zeze18

sr. member

Activity: 938

Merit: 256

if a few hours ago the price of bitcoin had dropped to $ 2877 but now the price is rising up about $3352.4613 it certainly shows about the progress of good bitcoin, and remain optimistic in the face of current market trends are uncertain.

Bagrras

jr. member

Activity: 57

Merit: 10

Bitcoin will not fall below 3000. Its price is already increasing.

btcone111

full member

Activity: 266

Merit: 110

Quote from: BTCLovingDude on September 15, 2017, 07:25:58 AM

Quote from: btcone111 on September 15, 2017, 06:24:14 AM

Quote from: MrCrank on September 15, 2017, 03:35:31 AM

Quote from: Mr.Stinson on September 15, 2017, 03:12:20 AM

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

My opinion that it's impossible.
Can't break 3000 usd. After few days price going to 5000 usd IMHO.
This is good price for buying bitcoin today.

While you're still dreaming it cannot break $3000 here we go, $2977!!
Grin

market is still small and the orderbooks are way too thin and with that attribute it means price can easily go to some number if there is a large enough sell or large enough buy for pushing in other direction. that is in fact the reason why manipulation is rather easy here.
and as you can see curretnly price is $3241 and we had nearly a $300 swing because of what i said!!!

Well, if it broke, it broke.
We all know BTC will probably go higher in the long term.
But if the question was "will it break $3K?" it went to $2977, then case closed. Yes it broke.

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

Quote from: btcone111 on September 15, 2017, 06:24:14 AM

Quote from: MrCrank on September 15, 2017, 03:35:31 AM

Quote from: Mr.Stinson on September 15, 2017, 03:12:20 AM

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

My opinion that it's impossible.
Can't break 3000 usd. After few days price going to 5000 usd IMHO.
This is good price for buying bitcoin today.

While you're still dreaming it cannot break $3000 here we go, $2977!!
Grin

market is still small and the orderbooks are way too thin and with that attribute it means price can easily go to some number if there is a large enough sell or large enough buy for pushing in other direction. that is in fact the reason why manipulation is rather easy here.
and as you can see curretnly price is $3241 and we had nearly a $300 swing because of what i said!!!

DoublerHunter

hero member

Activity: 2590

Merit: 644

The price of bitcoin is at risk right now because it might go even farther than 2,877 USD and it might go for a comeback for 2,000 USD price per one bitcoin and that is what need to be prepared and ready our money to buy back some bitcoin for future holdings and be patient and don't look at the market because the market is already has a bloodbath.

SUDARMONO

full member

Activity: 504

Merit: 100

which I think quietly calm, although the bitcoin price fell, I am sure in time later bitcoin prices will rise again, and I also think more to buy more bitcoin the price is down now, I think this is also one of the opportunities for me to invest more in bitcoin, I'm not overly bad about bitcoin prices at the moment.

btcone111

full member

Activity: 266

Merit: 110

Quote from: MrCrank on September 15, 2017, 03:35:31 AM

Quote from: Mr.Stinson on September 15, 2017, 03:12:20 AM

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

My opinion that it's impossible.
Can't break 3000 usd. After few days price going to 5000 usd IMHO.
This is good price for buying bitcoin today.

While you're still dreaming it cannot break $3000 here we go, $2977!!
Grin

Sjonnebonbon01

newbie

Activity: 43

Merit: 0

Coinmarketcap shows current price $ 2991,55! Interested to see what will happen now

ElPerrito

newbie

Activity: 19

Merit: 0

Quote from: Mr.Stinson on September 15, 2017, 03:12:20 AM

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

This will never happen, the supports around 3.000 dollars should work accordingly and they will tight bitcoin hard.

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

technical analysis is mostly useless for bitcoin, it doesn't matter what it tells you the bottom, resistances, supports are. in the end the price will be determined based on how much panic is there in the community!

if it were useful then price shouldn't have dropped like this! the current curve doesn't fit any kind of analysis you may come up with.

Riddikulo

hero member

Activity: 896

Merit: 500

Quote from: krishnapramod on September 15, 2017, 04:32:18 AM

Quote from: Mr.Stinson on September 15, 2017, 03:12:20 AM

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

Psychologically, $3000 is a key level. There was a steady uptrend from $2877 and this number is also bitcoin’s current 100-day moving average. Bitcoin was stable at around $3000 for a couple of months and then broke into $5000. So $3000 is the level where bitcoin was stable for a good period of time so it isn't wrong to assume that bitcoin price wouldn't/shouldn't drop below this stability point.

Leave aside the psychological keyline, no one was expecting the recent turn of events and the impact is substantial because China is a major bitcoin market.

Bitcoin has already dropped considerably and as this whole Chinese drama unfolds it might drop further. Breaking the keyline doesn't matter, what matters is getting over with all this drama and then recovering.

Yes I also think that 3000$ is a key level. Lets see what will be. Now bitcoin is on 3058$ price. Almost 3000$...

krishnapramod

legendary

Activity: 1470

Merit: 1079

Quote from: Mr.Stinson on September 15, 2017, 03:12:20 AM

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

Psychologically, $3000 is a key level. There was a steady uptrend from $2877 and this number is also bitcoin’s current 100-day moving average. Bitcoin was stable at around $3000 for a couple of months and then broke into $5000. So $3000 is the level where bitcoin was stable for a good period of time so it isn't wrong to assume that bitcoin price wouldn't/shouldn't drop below this stability point.

Leave aside the psychological keyline, no one was expecting the recent turn of events and the impact is substantial because China is a major bitcoin market.

Bitcoin has already dropped considerably and as this whole Chinese drama unfolds it might drop further. Breaking the keyline doesn't matter, what matters is getting over with all this drama and then recovering.

MrCrank

sr. member

Activity: 1330

Merit: 258

Quote from: Mr.Stinson on September 15, 2017, 03:12:20 AM

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

My opinion that it's impossible.
Can't break 3000 usd. After few days price going to 5000 usd IMHO.
This is good price for buying bitcoin today.

Rinaze

full member

Activity: 322

Merit: 100

Quote from: btcone111 on September 15, 2017, 03:28:35 AM

As of right now, OKCoin in China trading at $2790.
So you could consider $2877 gone.

Also, two days ago the Japanese and Korean are buying creating a 20% premium in their markets when BTC started dropping.
Now the Jap and Korean are also selling, leaving the West to defend the front alone.

Okcoin and Houbi are meeting up with the Chinese regulators today to discuss their fate, which is very likely to be the same as BTCCoin and ViaBTC. The scenario might be worse than we thought or it might be other way around!

btcone111

full member

Activity: 266

Merit: 110

As of right now, OKCoin in China trading at $2790.
So you could consider $2877 gone.

Also, two days ago the Japanese and Korean are buying creating a 20% premium in their markets when BTC started dropping.
Now the Jap and Korean are also selling, leaving the West to defend the front alone.

Rinaze

full member

Activity: 322

Merit: 100

It's very much possible if the China miners (and they made up of slightly more than 70% of the pool) are chickening out and dumping their BTC as well.

Mr.Stinson

member

Activity: 164

Merit: 10

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

Topic: Bitcoin psychological keyline of $2877 (Read 770 times)