These are just 5 minute bars and we are fairly aimlessly wandering even though the peak and low are not that close.
Topic: BTC movement after today flash crash (Read 593 times)
A proper decline comes after a break of range, so I think quite clearly we are in a box right now bouncing back and forth within it. To really move and justify headlines like this thread title we got to do something different, put either bulls or bears off balance make a little upset and have to rush to do something.
These are just 5 minute bars and we are fairly aimlessly wandering even though the peak and low are not that close.
These are just 5 minute bars and we are fairly aimlessly wandering even though the peak and low are not that close.
It seems bitcoin price is hard to increase higher because this day, the bitcoin price is turn around in that price and cannot break $12k although we already reach that price before. But I still waiting for the bitcoin price to increase and break those price so bitcoin price can make a new rally to the highest price. Still, we can see the bitcoin price will increase and decrease, especially after the price increase to the higher price.
During the stage of correction, we should have already notice that bitcoin is always struggling so hard to break barriers, and the fight between the bulls and the bears are always string, the bears may succeed to take over the market for sometimes but when the bulls really charge, we could see them running so fats like there is no destination. I think that we should not worry about some of these corrections, we just have to make sure that we buy at dip and then wait for the bears to do whatever they have to do, it won’t be long before the bull take over the market again, and I am sure that this time around, if they succeed to take over the market, their next target before they rest again would be for something that is very close to $15,000.
People really call these flash crashes now? How soft have people become.
Seriously. But they are actually flash crashes; it's just that bitcoin tends to be this volatile as its norm, and new investors who haven't looked at a 5-year price chart may not have realized just how crazy the price swings can be. Flash crashes can happen anytime or huge price swings and this what makes bitcoin too to be a popular thing and a good place for traders to make money on.
So if we are just new to this market then better we get used to it and not stress our self out too much into these movements.
People really call these flash crashes now? How soft have people become.
Seriously. But they are actually flash crashes; it's just that bitcoin tends to be this volatile as its norm, and new investors who haven't looked at a 5-year price chart may not have realized just how crazy the price swings can be. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
Bah. Just hold tight and the price will return to where it was and probably higher. Hopefully you didn't buy bitcoin right at the top, wherever that was. I haven't been watching it too closely as of late and did not even realize it had hit $12k. That's something else if it did, and it's probably going to head toward its ATH of $20k or whatever it was back in 2017. hero member
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Hello,
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
You're right about the market to experience a surge in price after the dump but the market will experience some slightly dump in price this weekend before it gets over $12K price range. what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
S.
Actually, you don't need to get tired of the market crash because every market trend have its own advantages but most crypto holders and investors are always about the uptrend. S.
It seems bitcoin price is hard to increase higher because this day, the bitcoin price is turn around in that price and cannot break $12k although we already reach that price before. But I still waiting for the bitcoin price to increase and break those price so bitcoin price can make a new rally to the highest price. Still, we can see the bitcoin price will increase and decrease, especially after the price increase to the higher price.
I think we are always grateful when the price goes up but it makes no difference if its going to go down again, I mean there are people who bought over 13k recently and they are still waiting for it go back up those levels and than some, so if the price goes from 9k to 11k that is amazing but it would make no change if it goes back down to 9k once again, we are not happy when it goes to 9k and if it goes down even more that is of course more upsetting than reaching to 11k but just because bitcoin didn't go down doesn't mean the up was enough, it wasn't enough and it would have to be like 20% more to actually make a difference in peoples life's a bit.
Hence, we are of course happy that it went up but we need it go up even more to make up the loss we have made recently (thankfully I didn't buy there myself personally but thats the general train of thought).
Hence, we are of course happy that it went up but we need it go up even more to make up the loss we have made recently (thankfully I didn't buy there myself personally but thats the general train of thought).
I kinda wish Bitcoin was more a boring steady as she goes kind of vehicle but its actually still all over the place. An actual crash would be a move down to 6000 in a day. The top hit was a trend going back to about April, so it hurt a nerve to put it colloquially
As the saying goes, be careful what you wish for
I perfectly well remember how in the first months of 2019 people had been crying and complaining all over the forum that there was no more life left in Bitcoin. People were bored to death with the lack of activity in cryptocurrencies. Now I read someone who wishes that Bitcoin was more boring, huh. Do you really want those days back? I think this is the last thing all of us could seriously be looking for (with short memory being the second last, obviously)
People should be thankful it there is an uptrend in the market and stop complaining although even if they have to complain about the crash the price is still higher enough compared to the price before when the Bitcoin started to drop to almost $2,000.
People are thankful for an uptrend when they have bought in their coins already at lower prices. Most of the people complaining pulled the trigger around the peak and therefore panic each time the price takes a dive.People generally make the mistake of investing with money that isn't meant to be invested, go all in, or use credit. If you are that reckless with your investments then of course you will stress out.
I see people frequently recommend others to dollar cost average, but I wonder how many of them dollar cost average themselves. If people actually did so they would complain less because a dip is a welcome lower entry point.
I dont see any crash.
me neither. tbh, it looks like bears are dumping into incessant demand. it keeps getting bought up. it looks like new highs are coming. BUT, i'm still skeptical until we make a decisive break upwards. we haven't actually broken the downtrend by most measures. as long as it's all lower highs, we can't plan on breaking $13.8k, new ATH, etc yet.
Don’t forget that we have people with different intentions, the reason why you usually see those crashes is because some people are taking their gain from the market when they see profit and if the bulls are strong enough to continue pushing it further, those ones will still have to return the profit and capital back out of fomo and this usually result to a very sudden jump in the price of bitcoin.
You thought that the value will just continue to increase without a corresponding reversal, it has never happened, you might even still get more correction than this, but when the main bull run starts, there is usually very little presence of correction, so if you know how to trade in short term now, you better do that, otherwise, you just have to keep waiting for bitcoin bull run for that long increase that you are waiting for.
You thought that the value will just continue to increase without a corresponding reversal, it has never happened, you might even still get more correction than this, but when the main bull run starts, there is usually very little presence of correction, so if you know how to trade in short term now, you better do that, otherwise, you just have to keep waiting for bitcoin bull run for that long increase that you are waiting for.
It even gets higher almost every day since the day when BTC dumps below $10k. Flash crash is inevitable and yet can't be predicted but what it has today is the upclimbing trend of Bitcoin and the entire market. This is a market behavior and we have to accept this cause we can do nothing about this.
People should be thankful it there is an uptrend in the market and stop complaining although even if they have to complain about the crash the price is still higher enough compared to the price before when the Bitcoin started to drop to almost $2,000. Luckily Bitcoin didn't stop it right there as it is started to rise up again and shows a sign that it's back from almost dying during the bearish trend.
It even gets higher almost every day since the day when BTC dumps below $10k. Flash crash is inevitable and yet can't be predicted but what it has today is the upclimbing trend of Bitcoin and the entire market. This is a market behavior and we have to accept this cause we can do nothing about this.
I think the problem here is some people are buying one whole bitcoin and they really shouldnt be because thats all the money they have in the world. Seeing it decline a thousand so quickly would be pretty scary in that case, the old timers have the sea legs to be more used to this kind of move because these are just rough seas in a tea cup. Percentage terms, this isnt much of a move.
I kinda wish Bitcoin was more a boring steady as she goes kind of vehicle but its actually still all over the place. An actual crash would be a move down to 6000 in a day. The top hit was a trend going back to about April, so it hurt a nerve to put it colloquially. Higher volume from trends applicable over months will surprise the day trade sometimes, thats how I'd explain it.
I kinda wish Bitcoin was more a boring steady as she goes kind of vehicle but its actually still all over the place. An actual crash would be a move down to 6000 in a day. The top hit was a trend going back to about April, so it hurt a nerve to put it colloquially. Higher volume from trends applicable over months will surprise the day trade sometimes, thats how I'd explain it.
I dont see any crash.
Neither me. I only see people buying and making the price rise then a correction happens once they start making profits.
Overall it is good to be +$11k in the summer.
I dont see any crash.
Hello,
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
S.
It might fall back to test $10800 before resuming its uptrend again. The pump to $12,300 is not sustainable because it is not backed up by equivalent volume. The movers of the trend were purely day traders and you know it is always very hard for them not to take little profits and pushed price downward in other to be able to rebuy again. Bitcoin will grow back but that is when the whales and investors are assured that it will not get dumped and pumped every days.what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
S.
~snip~
..what do you think after today flash crash of BTC from 12300 to 11600.
^ Really a flash crash? I think that is not the right word you use instead. If you are here since late in the year of 2018 you should understand that in what the price we are now. Obviously, we are in a green condition and it is still in FOMO. OP, you should know how bitcoin is being volatile even though there is a small correction of price but after days or weeks, it will have resistance. Investing in bitcoin in the short term is not advisable for you because you will see the profit for the long term. Don't look at the market with an hour price chart history. ..what do you think after today flash crash of BTC from 12300 to 11600.
Hello,
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
S.
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
S.
The crashes are really pathetic.
But there are too some people who really wait for this.
But as of now the Bitcoin has risen a bit higher.
That's a good sign that BTC is becoming more valuable.
Nevertheless let's hope for the best.
Same with bitcoin, if it went up from 3k to 11k in 8 months and stayed there stable that would have been fine, but we moved from 3k to 13k even 14k almost and then moved to as long as 7.8k at one time and under 10k many many times and now over 11k which is why I think everyone is afraid of bitcoin
If wishes were horses, beggars might ride
Bitcoin is volatile because its price is not determined by its real use (as a means of payment) like it is, for example, with crude oil (which is also quite volatile but through reasons not related to speculation). In other words, you can't really expect a stable price from an asset whose price is determined mostly by relentless speculation. But you can take advantage of this volatility and earn dough through it
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