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Topic: BTC Strong Sell Signal at breaking $16,000 (Read 521 times)

full member
Activity: 251
Merit: 101
December 28, 2017, 05:18:08 PM
#53
I've been saying the same thing for nearly 3 weeks now. But it was very obvious the fall from $20K to $11K was only the first leg. I personally think the second leg could bring us down to as low as $8K.

Yes, this could happen, but I hope it will NOT happen, though some part of my portfolio is in fiat now, waiting for cheap BTC Roll Eyes
full member
Activity: 266
Merit: 110
December 28, 2017, 04:22:00 PM
#52
I've been saying the same thing for nearly 3 weeks now. But it was very obvious the fall from $20K to $11K was only the first leg. I personally think the second leg could bring us down to as low as $8K.
legendary
Activity: 3080
Merit: 1353
December 28, 2017, 02:35:41 PM
#51
It brooke that wall and it started to go down, maybe your prediction was right, the price is extremely down right now and we all know that this is a "critical" situation, but the price is going to recover, the real question is "when?"

It was broken down but I'm seeing some resistance that's why the price is hovering above $14,000. From my view, there's no more dipping that is going to happened up to the end of the year. People have already cash out and investors will try to get back in at this current price, although its not gonna be what when we have seen before as this will be painful to see. The bears and the bulls out hustling but at the end of the day, the price will somewhat stalled to $13,000-16,000. The ever dream of $20,000 is out of reach. We should look forward to next year though and forgot the $20,000 for 2017.

This is the brandly New Year Dip's, lmao.
Anyway, just lets see how it goes, i dont think that this dip will last for much time, just lets see how it goes.
And if last until the next year, i dont think why you all are worried about this.
We all knew that there was always going to be a dip after a huge pump.
That is just it for now, we just keep seeing how this goes and even if the bulls finally win clearly, I will still like to keep my doubts in one corner.

There is a lot of uncertainty right now but I believe that this is for a good course to the next line of action to new ATHs. Like you said, we all knew there would be one as the value just keeps going on and on without some very good time to correct. Now we just had the real big correction.

Correct, sometimes its really better to see this sort of correction because we know what's coming next. But again, we should look forward in 2018. We won't see another bull run at the end of the year. I only hope that we are just consolidating and building a strong support because hearing the herds once more. For me, above $10,000 at the end of the year is really good. IMHO.
legendary
Activity: 1232
Merit: 1029
December 28, 2017, 02:26:41 PM
#50
This is the brandly New Year Dip's, lmao.
Anyway, just lets see how it goes, i dont think that this dip will last for much time, just lets see how it goes.
And if last until the next year, i dont think why you all are worried about this.
We all knew that there was always going to be a dip after a huge pump.
That is just it for now, we just keep seeing how this goes and even if the bulls finally win clearly, I will still like to keep my doubts in one corner.

There is a lot of uncertainty right now but I believe that this is for a good course to the next line of action to new ATHs. Like you said, we all knew there would be one as the value just keeps going on and on without some very good time to correct. Now we just had the real big correction.
newbie
Activity: 22
Merit: 0
December 28, 2017, 01:12:46 AM
#49
MA, EMA, RSI indicators and weekly price change are all negative combined with increased trading volume.

http://cryptosignalz.com/bitcoin/

How trustable is the cryptosignalz website ? I haven't heard about it before.
full member
Activity: 171
Merit: 100
December 28, 2017, 01:12:05 AM
#48
It brooke that wall and it started to go down, maybe your prediction was right, the price is extremely down right now and we all know that this is a "critical" situation, but the price is going to recover, the real question is "when?"
sr. member
Activity: 434
Merit: 250
December 27, 2017, 06:42:03 PM
#47
We suggest that you should be able to withstand the bitcoin till the end of this year, it will likely happen again at enhancing bitcoin with highest peak not only strong signal numbers bitcoin $16000 but could surpass than that, I'm sure all the users of the bitcoin will have the opportunity at the beginning of next year, therefore use this opportunity.
member
Activity: 140
Merit: 20
December 27, 2017, 05:03:56 PM
#46
If the bitcoin hits $16,000 I think it was the perfect time to sell our bitcoin, because if not maybe it falls down again immediately. I believe to the capacity of the bitcoin but most of the users not support bitcoin because they switched to altcoins.
hero member
Activity: 2156
Merit: 531
December 27, 2017, 03:42:45 PM
#45
MA, EMA, RSI indicators and weekly price change are all negative combined with increased trading volume.

http://cryptosignalz.com/bitcoin/
This is not a slight decrease need not worry about this ,bitcoin many fans even millionaires just play this with big pump magnitude in this year, again do not panic will the news that is not necessarily true ,Let's just look at the beginning of the year a little more whether it will experience a grim phase
legendary
Activity: 1232
Merit: 1091
December 27, 2017, 03:30:05 PM
#44
Yeah, looks like the depth charts even out around a bottom of $11K ish at this point.  I'd say we could be headed down quite far again unless something spurs buying...

Depth charts don't say anything. Large players can make it look like the way they want in order to make the *less intelligent* market participants think we're about to go up or down. At this point it's more or less common sense that is giving you the better form of knowledge than any sort of analysis of the market. If analysis was the leading factor in a market like this, we wouldn't even come this far, because anything related to well documented predictions have turned out to not hold any value at all. It's like nothing of the past that applies anymore, which is exactly why even the more senior traders look like noobs nowadays.
newbie
Activity: 55
Merit: 0
December 27, 2017, 12:04:50 PM
#43
Yeah, looks like the depth charts even out around a bottom of $11K ish at this point.  I'd say we could be headed down quite far again unless something spurs buying...
legendary
Activity: 3052
Merit: 1188
December 27, 2017, 11:57:17 AM
#42
I think price will recover sooner than expected, price can't go below $10k from the current level as there is still strong support around $15k.

The one who will sell now will loss, perfect time to take out profit was at $20k and current price is perfect entry point.
It will actually recover to $20k very soon, but that does not mean we may not really be done yet. It is what it is and at least it feels good seeing the correction now. We may see some sideways for now, if there would not be any more dip until we are able to consolidate and the start the journey back again. Let everyone go and rest for now. The whole bull was too much for just one year.

It has been a very crazy one and there is just huge uncertainty right now and no one knows what can even happen next. It just keeps we keep breaking all the level of support and when you thought bitcoin already found a good support, then you see it crumbling down the more.

The market was overbought anyway, so, one would definitely expect this and moreover, there is a lot that Roger Ver has used his position to cause in this too.
hero member
Activity: 910
Merit: 502
December 23, 2017, 01:49:45 AM
#41
This is really bad news that the 16k Bitcoin support level has been broken and we can probably now see the price of BITCOIN CRASH HARD TO THE NEXT SUPPORT LINE of 12-13k USD. I smell disaster now for the altcoin markets as well because altcoins are pegged to Bitcoin so this will create a domino effect. I think with the latest hackings and problems on exchanges is also causing people to pull out their funds from crypto and into USD. Not a good sign in my books and maybe the end of a Bull run?
I would not classify that as bad news. This is normal, needed and expected. Unless we want to head to the dooms day when BTC has attained a huge peak and then crashing down badly with a lot of people losing so much, then this was the best solution as far as I am concerned.

The fact is that we had a lot of FOMOs and a lot of them obviously have been shaken off right now and I am not surprised really, knowing that if that was not done, they really would not have learned some lessons.
member
Activity: 182
Merit: 10
December 22, 2017, 08:19:59 AM
#40
MA, EMA, RSI indicators and weekly price change are all negative combined with increased trading volume.

http://cryptosignalz.com/bitcoin/
To be honest, I don’t have enough knowledge about the bad news that is going on to the digital currency. Since there’s a rumor about pulling out their cryptocurrencies into USD then for sure everyone is starting to read some articles about the bad news because many of us can’t afford to lose so much money. This past few days, I’ve been expecting that the value of bitcoin will reach 20,000 but it seems that it will drop to 12k-13k.
jr. member
Activity: 154
Merit: 8
SODL
December 22, 2017, 08:09:30 AM
#39
And there we go, again a new attack at the lows .. let's see if $12.500 is going to hold ...

Haha that went quick again, SOOOLD, $12.000 coming up, below that it will become really interesting. Quite some big bids here though, let's see if they're big enough.
full member
Activity: 518
Merit: 145
December 22, 2017, 07:52:09 AM
#38
I think it just be in short-term. Btc price has been to high to buy, so that the new people should not willing to buy. But in financial field, there is more tradings leading to more profits. So the big traders had sold to raise the volume. Don't panic.
It was a huge rally up and now we are having the rally at the bottom, and not even sure if we have hit it yet. However, I am still looking for a good time to buy in more. I have bought some now and if possible buy more at dips or once there is a signalled break out. This is something that was expected to happen after the crazy ride. No point panicking, as the market will be back doing well again once the fall is finally over.
jr. member
Activity: 154
Merit: 8
SODL
December 22, 2017, 07:17:56 AM
#37
You're welcome!

Entry point could only be considered when long MA flip over short MA with high trading volume. However, currently we're still deep in the bearish zone.  

You saw it very well and I totally agree AGAIN that it's still extremely bearish, I'm increasing my short again, I think it's going to break 10k today and might even go much, much lower. We've yet to still to see the real panic kick in, I think it's not too far away at this point. The people who've bought the falling knife "because bitcoin will ALWAYS go up !!" still need to be forced out of their entries and margin buyers will be auto sold. Then it will go really fast. I see $5000 as a possibility.
newbie
Activity: 10
Merit: 0
December 22, 2017, 03:44:57 AM
#36
MA, EMA, RSI indicators and weekly price change are all negative combined with increased trading volume.

http://cryptosignalz.com/bitcoin/


I agree with you and I take safe step with exchange my bitcoin become currency and start again next year. Safe is my priority and until know give comfort and has income. Become part of btc trade/ invest at this moment is bad for me, the price, volume and news can't become to difficult to understand. Even now, I still don't have a good " open position " on the real market, afraid I think. Maybe my opinion is not brave and good as you have but I choose the safe way. Thank you.

You're welcome!

Entry point could only be considered when long MA flip over short MA with high trading volume. However, currently we're still deep in the bearish zone. 
legendary
Activity: 1400
Merit: 1009
December 21, 2017, 11:56:49 PM
#35
Will reach 12k and will go up to stabilize, that is what I hope. 20k was too high of a peak
I guess $13k was the bottom. now we going up again. we'll probably go above $20k in january 2018.

Will reach 12k and will go up to stabilize, that is what I hope. 20k was too high of a peak

Personally I keep most of my bitcoin !
AFAIK , some investor try to switch into BCH that cause bitcoin downtrend but I'm still not lost my faith to keep invest bitcoin until it reach another uptrend !
BCH has nothing to do with bitcoin downtrend, it's also down. Tongue
full member
Activity: 484
Merit: 124
December 21, 2017, 11:43:51 PM
#34
Will reach 12k and will go up to stabilize, that is what I hope. 20k was too high of a peak

Personally I keep most of my bitcoin !
AFAIK , some investor try to switch into BCH that cause bitcoin downtrend but I'm still not lost my faith to keep invest bitcoin until it reach another uptrend !
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