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Topic: BTC dip over? (Read 637 times)

sr. member
Activity: 322
Merit: 250
November 15, 2017, 10:15:44 AM
#30
It's difficult to know that it'll happend one more time or not Smiley) If the whales feel still not get enough money at the moment they will dump the price of Bitcoin one more time before Bitcoin price go to the moon at the end of this year. But I think to dump price of Bitcoin one more time before the end of this year is not easy cause traders are more careful right now so I think they'll not be trapped by the whales one more time Smiley
sr. member
Activity: 406
Merit: 256
November 15, 2017, 10:04:36 AM
#29
I do love these times. After a long decline in prices is always a period of a sharp rise in prices. Now we will enjoy growth and may regret all the traitors who sold their bitcoins. I hope that every such case the true fans of bitcoin will become more. If no one is going to panic the whales will not be able to arrange dumps and bitcoin will be more stable.
hero member
Activity: 490
Merit: 501
November 15, 2017, 09:45:21 AM
#28
If any technical traders out there are looking at BTC, what do you see? I am not a technical trader, though I do know some of the patterns and retracement levels. To me it looks like it tested 5500 two times but got rejected. Furthermore, it now looks like a W, so that we can (technically) expect BTC to go up again, unless we have to test level 5500 again.
What do you see?

I am not good at reading graph too as I don't fully grasp the technicalities behind it that is why I just read the analysis of some traders that am following. I think you were right as Bitcoin right now has finally breached again the $7,000 level and it can be going to test the $7,500 level again. After being sluggish for some days while it is still settling the dust due to the so-called 'civil war' between Bitcoin and BitCoinCash, we are witnessing today a big resurgence. As to whether it can be able to maintain this run, that is what we would love to see though am personally confident that maybe this time Bitcoin is back with a big vengeance. Those who were able to buy some Bitcoin while at dip are right now smiling watching the price go up slowly but surely. Congratulations for keeping the faith alive!
sr. member
Activity: 322
Merit: 252
November 15, 2017, 09:31:43 AM
#27
I'll guess that the dip is over. BTC is now tapped and already dancing around $7K and WAVES is (as of this posting) now experiencing a downtrend movement, I speculate that some of the investors sell their Alts to buy BTC yet it does not guarantee that BCH propaganda is will stop. Maybe next year the attacks may resume but as of now I see Bitcoin breaching $8K-$9K mark within this year.
legendary
Activity: 2170
Merit: 1427
November 15, 2017, 09:25:20 AM
#26
Once futures trading starts, the price could explode.

It will. However, things are still not settled when it comes to getting an approval, so a rejection might even turn out to have a short term negative impact on the market. It's obvious that the market nowadays gets bought up in advance of a certain happening, and current situation isn't anything different. Only time till tell whether or not we've already experienced the correction that people were waiting for, but there is no point into discarding the possibility of a test of the $5000 level in the coming weeks. As I said before, if there is no approval when it comes to CME's future market, this market can tank as easily as it came back up in the last two days - with the orderbooks being as thin as they are right now, it won't take any effort to make this market tank real hard.
legendary
Activity: 1652
Merit: 1088
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November 15, 2017, 07:57:07 AM
#25
Looks like this is being driven by teh coup in Zimbabwe:

https://www.bloomberg.com/news/articles/2017-11-15/bitcoin-surges-in-zimbabwe-after-military-moves-to-seize-power

Quote
Bitcoin climbed as much as 10 percent on Zimbabwe’s Golix exchange on Wednesday after the country’s armed forces seized power.

The price of the cryptocurrency in the Southern African nation jumped as high as $13,499, almost double the rate at which it trades in international markets, according to prices cited on Golix’s website.

Demand for Bitcoin in Zimbabwe has surged amid a shortage of hard currency. Golix processed more than $1 million of transactions in the past 30 days, compared with turnover of $100,000 for the whole of 2016, according to data on the exchange’s website. Zimbabwe doesn’t have its own currency, with the government adopting the U.S. dollar and South African rand, among others, as legal tender in 2009 after hyperinflation rendered the local dollar worthless.

Golix, an unregulated platform that also trades other cryptocurrencies, has been in operation since 2014. Prices for Bitcoin are set by supply and demand, according to Taurai Chinyamakobvu, co-owner of the exchange. Sellers are paid in U.S. dollars deposited electronically, which can only be converted at a steep discount on the black market.

Zimbabwe’s army moved into the capital, Harare, on Tuesday after a week of confrontation with President Robert Mugabe’s government and said the action was needed to stave off violent conflict in the southern African nation that he has ruled since 1980.

While most major currencies are legal tender in Zimbabwe, cash-strapped importers and retailers buy dollars -- or any currency easily converted to dollars -- at premium prices by paying the seller electronically. A dollar buys about 8 South African rand, compared with the market exchange rate of 14.36 on Wednesday. Zimbabwe’s unpopular “bond notes” -- promissory notes issued by the central bank and officially pegged to the dollar, are worth as little as 50 U.S. cents on the black market.
legendary
Activity: 1246
Merit: 1000
November 15, 2017, 07:43:41 AM
#24
Maybe it will drop a little more on the coming days but it wil still go back to normal. It might actually boom once december comes in especially when CME investors jump into the picture and compete with the current investors.

The price is rising very quickly now. I don't think we will see another dip. Those who were waiting on the airlines during last week's crash might have missed the bus. Once futures trading starts, the price could explode.
hero member
Activity: 1526
Merit: 596
November 15, 2017, 01:42:26 AM
#23
If any technical traders out there are looking at BTC, what do you see? I am not a technical trader, though I do know some of the patterns and retracement levels.
To me it looks like it tested 5500 two times but got rejected. Furthermore, it now looks like a W, so that we can (technically) expect BTC to go up again, unless we have to test level 5500 again.
What do you see?

Without any technical analysis you can tell that we are entering a new hpsae of bull market because of the fact that bitcoin essentially got pumped like 15% in total between yesterday and today combined. That wouldn't happen unless a real bull market is happening.

Still a good entry point though. Price isn't $7k yet.

It's guaranteed that price is going to go through $7k(if there aer anything on this world that is guaranteed). You could buy now and rake it a nice $100-200 per coin, even if you're not in btc the long term.
full member
Activity: 140
Merit: 100
November 15, 2017, 12:13:21 AM
#22
If any technical traders out there are looking at BTC, what do you see? I am not a technical trader, though I do know some of the patterns and retracement levels.
To me it looks like it tested 5500 two times but got rejected. Furthermore, it now looks like a W, so that we can (technically) expect BTC to go up again, unless we have to test level 5500 again.
What do you see?

I am, as well, not a technical trader and has no concrete foundations about trading. Based from the trend of Bitcoin, it seems the dip is indeed over. Another thing, the current trend is pointed upward with less probability of going down as low as 5500 again. There might have some strong resistance in attaining the recent ATH, but we will see that Bitcoin will stabilize on this current price.
member
Activity: 197
Merit: 10
November 14, 2017, 11:59:16 PM
#21
Maybe it will drop a little more on the coming days but it wil still go back to normal. It might actually boom once december comes in especially when CME investors jump into the picture and compete with the current investors.
sr. member
Activity: 774
Merit: 250
November 14, 2017, 11:08:48 PM
#20
Bitcoin can still drop anytime soon. It continue to fluctuates even today maybe we will experience another dip before 2017 may end. I also thinks that the segwit fork may happen in the last week of December which may cause to bitcoin price to crash again. I just hope that in 2018 a higher value of bitcoin will be welcome and more opportunity will open for bitcoin earners like me.
I think bitcoin has done its dip price and its heading to rise again. Yes bitcoin fluctuates daily yet we will never know if it will fall again maybe yes or no. We have many predictions but I hope were seeing btc price will pump any moment.
full member
Activity: 266
Merit: 111
November 14, 2017, 10:47:54 PM
#19
Bitcoin can still drop anytime soon. It continue to fluctuates even today maybe we will experience another dip before 2017 may end. I also thinks that the segwit fork may happen in the last week of December which may cause to bitcoin price to crash again. I just hope that in 2018 a higher value of bitcoin will be welcome and more opportunity will open for bitcoin earners like me.
hero member
Activity: 1050
Merit: 529
November 14, 2017, 10:21:04 PM
#18
I hope it will go down, as I want to increase my investment.

Sorry to be selfish. Smiley
You should had invested in the dip below $6k, now I doubt if BTC is going to fall again. Now that the people who wanted to sell have already sold, the price cannot fall more as I don't think people are looking to sell now. Should see $7k back in a couple of days.
hero member
Activity: 2240
Merit: 848
November 14, 2017, 10:19:35 PM
#17
The worst of the dip is absolutely over. It tested mid $5500's a couple times and both times the market firmly and immediately rejected that price. Since hitting the bottom it has now found support for a couple of days in the mid-6000s and is now even pushing into the high-6000s. I think it might take another week or so before it can solidly get over 7000, but yes the crash is over and it is in consolidation phase now, building up strength for the next bull run which I'm guessing will likely start around the end of the month when it passes 8000.

I consider the crash to last until a new ATH is hit and a new bull run initiated, but in terms of the actual falling of the price yes that is over it is on an upward path now.
full member
Activity: 210
Merit: 100
busy in real life, long post gap is understandable
November 14, 2017, 09:51:57 PM
#16
I think it is still on it's correction phase , As of now Bitcoin's price has the tendecy to fall off anytime. If Bitcon's price can move at $7k and continues to increase it's price then Bitcoin is now entering the uptrend movement.

I prefer the slow uptrend movement rather than the sudden price spike which can produce FUD and panic selling which results to Bitcoin's price dip.
member
Activity: 196
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November 14, 2017, 08:22:43 PM
#15
Wasn't the whole idea behind crypto to get away from institutional investors? How is merging with that world we wanted to leave behind good news?
legendary
Activity: 1862
Merit: 1004
November 14, 2017, 07:56:00 PM
#14
I hope it will go down, as I want to increase my investment.

Sorry to be selfish. Smiley
But bitcoin right now while it is still cheap - we have very interesting news ahead - https://www.cryptocoinsnews.com/100-billion-hedge-fund-man-group-plans-to-add-bitcoin-to-investment-universe/
Many big investors believe that institutional investors will adopt bitcoin in the next six months. So buy as many BTC as you can. Don't wait for consolidation to start.
sr. member
Activity: 448
Merit: 250
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November 14, 2017, 03:05:20 PM
#13
yes!! i think that it is over, i have been looking at the charts since yesterday and there have been some bearish times on the market, but it is normal if we think about bitcoin and its crazy movements on the price.
but maybe this is whole thing with segwitx2 and bitcoin cash is over right now, i heard that those from bcash were going to start a new attack over bitcoin, but i am not sure about this because it is just a pure speculation, and all those rumours are the only ones who can affect bitcoin.
I dont know, the whole thing is still a little bit weird at all.
full member
Activity: 184
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November 14, 2017, 02:55:39 PM
#12
i think it is over .., it slowly regaining it value and it'll jump some more soon
i also set my buying point to sub-6k but it didn't reached it so i bought anyway
full member
Activity: 154
Merit: 101
November 14, 2017, 02:53:48 PM
#11
I am seriously impressed that despite the FUD and the attacks last weekend, it didn't go far below 6k. Truely impressive!
Let's hope it holds
full member
Activity: 403
Merit: 100
November 14, 2017, 02:50:53 PM
#10
btc dip is not over yet, I truly believe on that, because it still dumping in the price of 5.5k and its only bounce back, but I think it will never cross under 5k, it stays up and down on the middle of 6k-7k afterward this big dip. after this big dip bitcoin price pump again and I cant wait to see that. Grin
sr. member
Activity: 1036
Merit: 279
November 14, 2017, 02:43:14 PM
#9
If any technical traders out there are looking at BTC, what do you see? I am not a technical trader, though I do know some of the patterns and retracement levels.
To me it looks like it tested 5500 two times but got rejected. Furthermore, it now looks like a W, so that we can (technically) expect BTC to go up again, unless we have to test level 5500 again.
What do you see?

You may have a good point there, but for me Bitcoin will always react to the news and FUD around it. I hope these dramas will end so that we could see our Bitcoin soaring again.

It will start climbing again once the uncertainty ends. Though the speculation is what caused it to climb in the first place. This sort of events is one reason I decided not to try shorting. It's really hard to read what would people do next.
full member
Activity: 294
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Alea iacta est
November 14, 2017, 02:38:25 PM
#8
First of all I'd like to state that I think this topic fits a lot better in the speculation subforum (under the economics subforum). Anyway I personally don't think the dip is completely over. I am still expecting prices to drop down to the low 5000s maybe even high 4000. If that happens I will be accumulating anywhere from the lowest point of the dip until $5300. When it comes to analyzing charts I am not a big fan of doing it the technical way (there was no way you could've predicted the Bcash dip based on patterns or support levels). I believe a lot more in situational and fundamental analysis.
full member
Activity: 476
Merit: 100
November 14, 2017, 02:36:05 PM
#7
You observed correctly  BTC actually find support at $5.5k and bounce off . I also believe we are in for the last home run to a new high of around $8k or around that price. The breathing will give the strength needed to make the new high.
newbie
Activity: 44
Merit: 0
November 14, 2017, 02:33:04 PM
#6
I assume it's gonna raise in december.
sr. member
Activity: 699
Merit: 438
November 14, 2017, 02:29:21 PM
#5
I hope it will go down, as I want to increase my investment.

Sorry to be selfish. Smiley

hahahaha me too i will buy alot of bitcoin if the value will go down
full member
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November 14, 2017, 02:29:04 PM
#4
I hope it will go down, as I want to increase my investment.

Sorry to be selfish. Smiley

You need not be sorry, everybody is looking at their own bottom line. But this dip is not 100% over yet I thought too that the 5k area would get a test and I think if BTC rebounds from there again it wont ever cross under 5k

again. That is granted there is no external FUD news around BTC because we all know a flash crash can happen with terrible news.
legendary
Activity: 2814
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https://JetCash.com
November 14, 2017, 02:25:59 PM
#3
I hope it will go down, as I want to increase my investment.

Sorry to be selfish. Smiley
full member
Activity: 126
Merit: 100
November 14, 2017, 02:23:46 PM
#2
If any technical traders out there are looking at BTC, what do you see? I am not a technical trader, though I do know some of the patterns and retracement levels.
To me it looks like it tested 5500 two times but got rejected. Furthermore, it now looks like a W, so that we can (technically) expect BTC to go up again, unless we have to test level 5500 again.
What do you see?

You may have a good point there, but for me Bitcoin will always react to the news and FUD around it. I hope these dramas will end so that we could see our Bitcoin soaring again.
member
Activity: 94
Merit: 10
November 14, 2017, 02:04:00 PM
#1
If any technical traders out there are looking at BTC, what do you see? I am not a technical trader, though I do know some of the patterns and retracement levels.
To me it looks like it tested 5500 two times but got rejected. Furthermore, it now looks like a W, so that we can (technically) expect BTC to go up again, unless we have to test level 5500 again.
What do you see?
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