Topic: Btc reached the bottom for this week , correction and retest 3,000 $ ? - page 2. (Read 1138 times)
June 17, 2017, 12:27:54 PM
Starting from the week bitcoin along with other digital currencies have been experiencing a downfall. As mentioned in the thread it's completely a correction factor. Now the price has started to increase and soon as mentioned we might reach $3000 and soon after that might have started speculating about $5000.
June 17, 2017, 12:00:11 PM
Rounded numbers like $3000 always seem to offer up resistance, I'm not sure why but it always proves difficult to break through, must be psychological sell off point & people putting up sell orders at said price. Was the same with $1000 (2016) & $2000 & $3000 recently.
We'll break through $3000 but hopefully it's sooner rather than later.
But I don't remember those $2000 levels showed this much resistance !We'll break through $3000 but hopefully it's sooner rather than later.
I agree always around figures are acting as psychological big support/resistance levels. I do see many people are still targeting $3000 levels to book their profits. But when there will be enough buyers at those levels then we may see those resistances get broken.
When bitcoin will be bouncing back from recent corrections, we can see bitcoin prices to rise up to $3300 price levels.
June 17, 2017, 11:11:35 AM
Rounded numbers like $3000 always seem to offer up resistance, I'm not sure why but it always proves difficult to break through, must be psychological sell off point & people putting up sell orders at said price. Was the same with $1000 (2016) & $2000 & $3000 recently.
We'll break through $3000 but hopefully it's sooner rather than later.
We'll break through $3000 but hopefully it's sooner rather than later.
June 17, 2017, 10:58:09 AM
Correlation is under way! It has not make a correlation yet. The price will test $2,800 before pull back to around or below $2300. Getting to $3000 soon need a strong fundamental issues and a heavy pump. I desire to see price above $3000 so I can make good return on my investment.
I think you are talking about correction, not correlation.
I agree that we might see a lot more volatility before we break $3000 again. In any case, long term holders need not worry.
June 16, 2017, 11:56:11 AM
Maybe correction may be panic selling or who knows maybe because of the Hard fork. But it will reach back to 3000$ for sure, tomorrow or day after tomorrow but that will happen. Most of the local exchanges in many countries have not lowered the price.
June 16, 2017, 11:51:02 AM
Correlation is under way! It has not make a correlation yet. The price will test $2,800 before pull back to around or below $2300. Getting to $3000 soon need a strong fundamental issues and a heavy pump. I desire to see price above $3000 so I can make good return on my investment.
June 16, 2017, 11:25:18 AM
in bitcoin whenever there is a drastic change in price that is a sign to make a move. if you are a short term trader then both up and down movements are your signs but if you are a long term holder just investing (buying) in dips then only big dips.
when price rises fast and big, start thinking about selling. => $2900
when price drops fast and big, start thinking about buying. => $2100
when price rises fast and big, start thinking about selling. => $2900
when price drops fast and big, start thinking about buying. => $2100
June 16, 2017, 08:43:53 AM
A brief correction? Last May it lasted for well over a week afaik, and I wanted it to go a bit down, probably around $2200-$2300 but that seems to be asking for too much. However it seems that $2400 resistance is pretty strong. Wanted to see some more action though before retesting $3000 but it seems that it would be this time that the push will finally reach the target price.
June 16, 2017, 08:40:04 AM
it is hard to say.
we saw a similar thing last month in May when price dropped hard from $2760 down to the bottom of $1850 in 3 days (a $910 or 32% drop). and after stabilizing around $2200 for 4 days it started the rise to ATH. now this time it is a $860 or 28% drop over 4 days and stabilizing around $2450.
so far it seems like a perfect correction which was followed by some drama and fear. i say if we can continue staying above $2400 for at least a couple of more days, there is a good chance to pick up rising again next week.
we saw a similar thing last month in May when price dropped hard from $2760 down to the bottom of $1850 in 3 days (a $910 or 32% drop). and after stabilizing around $2200 for 4 days it started the rise to ATH. now this time it is a $860 or 28% drop over 4 days and stabilizing around $2450.
so far it seems like a perfect correction which was followed by some drama and fear. i say if we can continue staying above $2400 for at least a couple of more days, there is a good chance to pick up rising again next week.
June 16, 2017, 08:29:44 AM
I think it may rise close to like $2800 or so again, but I have a feeling this might be the latter shoulder in a head and shoulders reversal pattern. Bitcoin is definitely still overvalued and will likely be below $2k again if the market is efficient enough for the price to come back down to reality.
June 16, 2017, 04:06:04 AM
Lasted mere hours rather than even a full day. That was the correction, except corrections tend not to be so brief!
It's back to touching 2,500 now. Don't you wish you had money to buy it all back when it bottomed?
It's back to touching 2,500 now. Don't you wish you had money to buy it all back when it bottomed?
June 16, 2017, 02:04:23 AM
Btc is correcting , may be we'll retest 3,000$ soon ?
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