BTC tested 10K Support. and got bounced .

BitHodler

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Quote from: ktabb on January 26, 2018, 06:51:00 AM

I would rather see another alt coin replace bitcoin, which has shown that it has major scaling issues and technical issues.

Hello troll. Bitcoin doesn't need to be replaced by any shitcoin. Shitcoins don't experience scaling issues because barely anyone is actually using them aside from speculation purposes.

Bitcoin having to deal with far more demand for block space than it can handle is a pretty bullish factor. It shows that Bitcoin is doing what it was supposed to be doing, but trolls like you don't seem to realize that.

And what are the technical issues you are referring to? There are none at all in my book. You are just looking to use anything you can to hammer down on Bitcoin to nurse your own empty life.

ktabb

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Quote from: tonmoycrypto on January 23, 2018, 08:38:35 PM

Market is Going through FUD of CME Contract Expiry, starting of wall street futures contracts, indian exchanges FUD and koreans rumours are in circulation, and trying
to shake the market but this is the time to not panic and to wait so market will stablize so need to be more careful.
We have seen huge developmensts in 2017 and now in 2018, more people are joining crypto space and price should start moving upward. The FUD is being spread to bring
down the price of BTC so that institutional investors/whales can buy cheap btcs from you so dont sell painic bottoms and wait for right time.
If the price goes down to 7500 to 8500 zone which not so likely to happen until big players want it to happen. Even if it does then it is expected to bounce hard!!! so watch out and always stay in profit!!!!

People have been saying this about every "resistance point". Admittingly $10k is a large psychological barrier, but it sunk beneath it before and IMO it probably will again. I think 7500-8500 is likely, and we will see it go even lower. I would rather see another alt coin replace bitcoin, which has shown that it has major scaling issues and technical issues.

alyssa85

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It's testing the $10k level again... I think some people are selling in anticipation of the CME futures close, even though those futures are cash settled and don't affect the underlying market.

Sometimes I think traders just manufacture "news" to have a reason to sell. We're going to see CME FUD every quarter (now that China FUD is dying down).

gabmen

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Quote from: pereira4 on January 24, 2018, 01:43:34 PM

Quote from: mobnepal on January 24, 2018, 12:38:42 PM

Charts showing resistance above $11k and no big support upto $8k so many are predicting atleast one dip to below $9k before a bounce back which might finally break those huge resistance around $12k.

I am bullish on bitcoin always but right now on day trading, I am bearish on every coin along with bitcoin.

Everyday we stay above $11,000 is another won battle, if we keep standing around that area is going to be great news as it would be shown that it cannot be shaken down to -$10,000.

So keep monitoring and look for these key prices, but if you can hold through it, because you never know if there will be an huge bull run out of nowhere, but we do know bitcoin always recovers.

Well right now we're close to testing that 10k support once more and there are quite a lot who's expecting it won't hold. Personally, i don't think many people are considering sellig at this point so that 10k support would likely be kept. It's hold vs lose money right now and many are expecting a big bounce back if we keep holding

pereira4

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Quote from: mobnepal on January 24, 2018, 12:38:42 PM

Charts showing resistance above $11k and no big support upto $8k so many are predicting atleast one dip to below $9k before a bounce back which might finally break those huge resistance around $12k.

I am bullish on bitcoin always but right now on day trading, I am bearish on every coin along with bitcoin.

Everyday we stay above $11,000 is another won battle, if we keep standing around that area is going to be great news as it would be shown that it cannot be shaken down to -$10,000.

So keep monitoring and look for these key prices, but if you can hold through it, because you never know if there will be an huge bull run out of nowhere, but we do know bitcoin always recovers.

mobnepal

legendary

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Charts showing resistance above $11k and no big support upto $8k so many are predicting atleast one dip to below $9k before a bounce back which might finally break those huge resistance around $12k.

I am bullish on bitcoin always but right now on day trading, I am bearish on every coin along with bitcoin.

bocyaj

sr. member

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Quote from: jtipt on January 24, 2018, 07:40:28 AM

Quote from: TheRealProphet on January 24, 2018, 03:48:42 AM

We had the same bounce at $12k. Look where we went after that.

BTC touched 9.8k last week then again bounced back to 12k and now it is again in 10-11k range, I think it has became mostly stable, mostly likely it won't go down from this.

Bitcoin price is stable at the 10k$,the price is just fluctuate.Now the price of bitcoin is moves towards the 12k$ peak.Once it's achieved it will move towards the 14k$.So inverse in bitcoin and get huge profit.If you have a idea to inverse in bitcoin,you can carry on now.

cryptocrusher

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Quote from: pooya87 on January 23, 2018, 11:29:11 PM

there are times when there is a lot less action in bitcoin price. for example in weekends, or during the month of January. and with all the rallies we saw last year an accumulation phase like this was long overdue. so it is happening now.

the FUD is always there an the newbies are always there to panic too. we just have to learn how to use it to our own advantage. why not become a whale each time something like this happens? it is a 30% drop each FUD phase which means you can increase your bitcoin amount by that much each time.

You can only increase your holding each time it happens if you can correctly identify when it is going to happen and sell out before the top. As most of us don't tend to be in a position where we want to invest more in to bitcoin in terms of FIAT.

1Referee

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Expiry of future contracts isn't really fud to be honest. It's a legit concern that some people like to address. Whether or not it's actually a factor (I personally believe not) is content for another discussion, but people are free to talk about it in the speculation section. I get it that there is a lot fud going through the market as we speak, but not everything necessarily fits in that category. Nowadays when people aren't that bullish, and they are sharing their predictions on how they see the market progress in the forthcoming months, they are marked as fud spreaders, while it is not the case. And to be honest, the $10,000 level isn't a base level yet, we have seen that yesterday.

fulmetal08larz

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The force is strong with support level of $10k. We might be able to witness an epic bounce within the next few weeks. It was the best time to accumulate as much BTC as you can from the last few weeks of slump in market price. The FUDs and negativities are just repeating itself which we might be able to see all throughout the year but it won't be able to stop BTC soaring to the moon.

YuginKadoya

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I am calm whenever bitcoin goes to the $8500 mark, But right now the price is at $11,330.17 and have increase 7.37% right now well we can sure see that $8500 is below the strong support for bitcoin and that is the $9000 mark value, And in my opinion by next month we can see a sudden surge on the price because the market are calm again at that time I am not expecting a sudden pump any further and it is too early for that to happen.

wuvdoll

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Quote from: hase0278 on January 24, 2018, 07:31:32 AM

Quote from: Denker on January 24, 2018, 04:19:11 AM

That bounce wasn't that much convincing to be honest.
Expect more down pressure!
And 8k can easily happen. Therefore I have hard times to understand your optimism here.
Sure if you're in for the long hold, the actual situtation shouldn't matter much to you. But I see absolutely no signs why we should move up again soon.
Wouldn't be surprised to see a several months sideways movement and lots of impatient people selling their BTC while some altcoins may offer you some nice returns.
Will be very interesting to see how market reacts if Bitcoin should indeed take some longer timeout in terms of upwards price movements.

I also expect btc to go down more but I think it won't reach as low as 8000$ yet. I only see Bitcoin touching that price when it has suddenly become bullish again and go up to unreasonable prices. After going up to unreasonable price range, Bitcoin price will crash back to your speculated price or lower. I only see btc reaching 8000$ through this scenario unless there will be more bad news that will contribute to the bearish trend.

Most probably you must be wrong because $9000 levels are acting as very strong support if it gets broken then we can easily see $7000 to $6500 levels which should not happen as it will make people to lose their faith on bitcoin ecosystem. I am expecting bitcoin to bounce back from current price levels as double bottom has been witnessed around $10k price levels. Double bottom is a strong signal for the reverse of market sentiment.

I am expecting market to test new heights in next month as we can see bitcoin prices to cross $12000 to $15000 levels before end of this month. If we are getting prices above $15,000 then we can be sure about having new all-time high in next month.

jtipt

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Quote from: TheRealProphet on January 24, 2018, 03:48:42 AM

We had the same bounce at $12k. Look where we went after that.

BTC touched 9.8k last week then again bounced back to 12k and now it is again in 10-11k range, I think it has became mostly stable, mostly likely it won't go down from this.

hase0278

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Quote from: Denker on January 24, 2018, 04:19:11 AM

That bounce wasn't that much convincing to be honest.
Expect more down pressure!
And 8k can easily happen. Therefore I have hard times to understand your optimism here.
Sure if you're in for the long hold, the actual situtation shouldn't matter much to you. But I see absolutely no signs why we should move up again soon.
Wouldn't be surprised to see a several months sideways movement and lots of impatient people selling their BTC while some altcoins may offer you some nice returns.
Will be very interesting to see how market reacts if Bitcoin should indeed take some longer timeout in terms of upwards price movements.

I also expect btc to go down more but I think it won't reach as low as 8000$ yet. I only see Bitcoin touching that price when it has suddenly become bullish again and go up to unreasonable prices. After going up to unreasonable price range, Bitcoin price will crash back to your speculated price or lower. I only see btc reaching 8000$ through this scenario unless there will be more bad news that will contribute to the bearish trend.

Denker

legendary

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Quote from: tonmoycrypto on January 23, 2018, 08:38:35 PM

Market is Going through FUD of CME Contract Expiry, starting of wall street futures contracts, indian exchanges FUD and koreans rumours are in circulation, and trying
to shake the market but this is the time to not panic and to wait so market will stablize so need to be more careful.
We have seen huge developmensts in 2017 and now in 2018, more people are joining crypto space and price should start moving upward. The FUD is being spread to bring
down the price of BTC so that institutional investors/whales can buy cheap btcs from you so dont sell painic bottoms and wait for right time.
If the price goes down to 7500 to 8500 zone which not so likely to happen until big players want it to happen. Even if it does then it is expected to bounce hard!!! so watch out and always stay in profit!!!!

That bounce wasn't that much convincing to be honest.
Expect more down pressure!
And 8k can easily happen. Therefore I have hard times to understand your optimism here.
Sure if you're in for the long hold, the actual situtation shouldn't matter much to you. But I see absolutely no signs why we should move up again soon.
Wouldn't be surprised to see a several months sideways movement and lots of impatient people selling their BTC while some altcoins may offer you some nice returns.
Will be very interesting to see how market reacts if Bitcoin should indeed take some longer timeout in terms of upwards price movements.

Turboeend

newbie

Activity: 14

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I entered @11k it didnt touch it once after. Still believe That BTC is a HODLer and not a short term.

Whales manipulating you hold that always. HOLDers keep it steady.

TheRealProphet

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We had the same bounce at $12k. Look where we went after that.

timerland

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Quote from: tonmoycrypto on January 23, 2018, 08:38:35 PM

Market is Going through FUD of CME Contract Expiry, starting of wall street futures contracts, indian exchanges FUD and koreans rumours are in circulation, and trying
to shake the market but this is the time to not panic and to wait so market will stablize so need to be more careful.
We have seen huge developmensts in 2017 and now in 2018, more people are joining crypto space and price should start moving upward. The FUD is being spread to bring
down the price of BTC so that institutional investors/whales can buy cheap btcs from you so dont sell painic bottoms and wait for right time.
If the price goes down to 7500 to 8500 zone which not so likely to happen until big players want it to happen. Even if it does then it is expected to bounce hard!!! so watch out and always stay in profit!!!!

I agree. $11k looks good to me as an entry. It is not expected for bitcoin to crash down to $7500-8500 as you said, unless something really crazy happens. The maximum bitcoin has crashed for the past week was down to $9k+, which it swiftly bounced up from.

The $10k support isn't going to be broken easily.

I think that instead of selling all your coins because that's what the market seems to be doing, hold or even buy. Because usually when the markets sell too much that means that coins are cheap, and you'd have more upside than potential downside.

Idrisu

sr. member

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The whales are really manipulating this market and a lot is actually going on at the back end but I will always advice that it is very hard for one to really make it through panic or hit and run. Bitcoin actually get bance at $10,250 trading support area and I think it would be very difficult for it to get dump to $7,500. If bitcoin should break $12,000 area again I think it would resume a very strong bullish trends.

audaciousbeing

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Quote from: tonmoycrypto on January 23, 2018, 08:38:35 PM

Market is Going through FUD of CME Contract Expiry, starting of wall street futures contracts, indian exchanges FUD and koreans rumours are in circulation, and trying
to shake the market but this is the time to not panic and to wait so market will stablize so need to be more careful.
We have seen huge developmensts in 2017 and now in 2018, more people are joining crypto space and price should start moving upward. The FUD is being spread to bring
down the price of BTC so that institutional investors/whales can buy cheap btcs from you so dont sell painic bottoms and wait for right time.
If the price goes down to 7500 to 8500 zone which not so likely to happen until big players want it to happen. Even if it does then it is expected to bounce hard!!! so watch out and always stay in profit!!!!

Event though everybody knows that now is not the time to panic, but doing it is what makes it difficult to do. I have read a thread about someone who was mocked for putting his order at $12,500 and it seems it's not going to happen anytime soon. The CMEs and the future contracts are merely academic exercise to me that does not even change the situation of things.

Quote from: pooya87 on January 23, 2018, 11:29:11 PM

there are times when there is a lot less action in bitcoin price. for example in weekends, or during the month of January. and with all the rallies we saw last year an accumulation phase like this was long overdue. so it is happening now.

the FUD is always there an the newbies are always there to panic too. we just have to learn how to use it to our own advantage. why not become a whale each time something like this happens? it is a 30% drop each FUD phase which means you can increase your bitcoin amount by that much each time.

I agree with this because the FUD has and will continue to be there no matter how much we all want it to just stop but rather than complaining, its just to take advantage of the situation to the maximum and 30% increase in stake within a period less than a month is surely a best deal to get anywhere.

Topic: BTC tested 10K Support. and got bounced . (Read 317 times)