Topic: Did we hit the bottom? (Read 181 times)
Bigger picture people. We are sort of back at the price level we were at a month ago. In another month this will all be forgotten about.
I wouldn't be surprised if this was a temp plateau. I was thinking about 8k-10k range.
I don't think it will dip below 10k, but it may be a bouncy ride back to 15k. At that point I think it will be in a holding pattern around there for a few weeks. I think most of the scared money got shaken out and the long termers are going to drive the price back up.
Nope. We can never hit bottom. Why are we gonna hit bottom? Its btc and other cryptos'time. However due to volatility demands on these coins, one may think we are coming down, but no we will surely move higher.
How do you see BTC price? To me it looks like a bottom 10,700 on 5m chart. It formed a W and now we are on the way back. Any thoughts/other chart predictions?
We currently still have some fight left in us and we are not going down any moment from now. And things are temporal and there is no need to panic and sell your bitcoins. Just be patient and keep holding and see your profits in some months to come.
Where do we think it will rebound to? There was no real news that caused the dip
I don't think the punters in the casino have noticed yet that the mafia guards are starting to lock the doors
via increase in transaction charges that are over $55.00 just now because they don't want you jumping out of
BTC and they don't want anyone using online wallets with the likes of Coinbase to move the BTC to a private
wallet so that you can profit from the Segwitx2 fork on the 28th
Well I feel better now that I took ownership of my coins back from Coinbase even after paying £22 just to
move my coins in transaction fees because I never did trust them.
Don't worry guys, these Tulips will soon go back up but I don't think i would be saying this if the price was falling
from $50,000 because that's when they really will be some serious dumping go on
via increase in transaction charges that are over $55.00 just now because they don't want you jumping out of
BTC and they don't want anyone using online wallets with the likes of Coinbase to move the BTC to a private
wallet so that you can profit from the Segwitx2 fork on the 28th
Well I feel better now that I took ownership of my coins back from Coinbase even after paying £22 just to
move my coins in transaction fees because I never did trust them.
Don't worry guys, these Tulips will soon go back up but I don't think i would be saying this if the price was falling
from $50,000 because that's when they really will be some serious dumping go on
No, oh my god, why you are saying that we hitted the bottom? The price has only dipped a little bit, well, it was a giant dip of more than 40%, but it doesnt matter, the price is going up now.
And yes, $10800 was the lowest price that it touched today.
And yes, $10800 was the lowest price that it touched today.
If you look at the BTC chart over the past year, it strongly correlates to the gold chart over the past 30 years. It's a spooky thought, but I don't think we'll recover to $20k for at least a couple months, maybe.
That said, Bitcoin is unpredictable and hopefully I am wrong.
That said, Bitcoin is unpredictable and hopefully I am wrong.
Bitkoyn recently so rapidly grew in price, that it caused a bit of panic in the sense that some people started talking about bitkoyne as a bubble that is unreasonably swollen and ready to burst. After that, it was followed by the same sharp drop from 20 000 to 13 000 dollars and again some newcomers in the crypto currency panicked. However, this behavior for bitcoins is almost normal and therefore it is not necessary to panic. As always, bitkoyn after a while again will grow.
The bottom will be $0
So are we there yet? Nope.
But we could be soon just be patient
So are we there yet? Nope.
But we could be soon just be patient
Man.... 0$ cannot happen. It can only happen when no people would use Bitcoin. I've red on some news that it would only fall 50% of the peak price this month. And it nearly happen last night.
Surely the rate increase could not be maintained. Perhaps this is the correction required.
How do you see BTC price? To me it looks like a bottom 10,700 on 5m chart. It formed a W and now we are on the way back. Any thoughts/other chart predictions?
I'm quoting one of my replies I gave in another thread:
Futures are now proving to be a nightmare for Bitcoins (maybe) and that they might even take it to worst than expected.
15k was the least we expected to see this year alone, but the levels broke down to even 13500 and 11500 levels which amplified the whole correction and it slipped down further. Still, we can call it a "crash" only if we take that "20x" into consideration that it started to rise from - $1000. And if we see it falling from $20k to $11k, it isn't a crash but "correction" that corrected it almost 50% but in less time. This is how it's all about, everyone here has a different viewpoint and so, some panicked while some survived this.
15k was the least we expected to see this year alone, but the levels broke down to even 13500 and 11500 levels which amplified the whole correction and it slipped down further. Still, we can call it a "crash" only if we take that "20x" into consideration that it started to rise from - $1000. And if we see it falling from $20k to $11k, it isn't a crash but "correction" that corrected it almost 50% but in less time. This is how it's all about, everyone here has a different viewpoint and so, some panicked while some survived this.
Now, let me explain why I said that:
In my views, Bitcoin is currently doing a correction but a rebound is possible which (as you said) can be seen now on the charts.
5m charts are seen if you want to scalp trade, but that's of no use in Bitcoin trading. Try to check high-range time slabs like 1H, 4H and 1D.
I didn't see it hit 10.7k (can you please draw me to the exchange where you saw that happening?) but the least I saw was near 11500 range and it's really not the time to panic, but take it calmly and as an opportunity for those who were waiting for it (saying all the time that Bitcoin is not affordable for them when it reached 20k), but as of now they can build up their stash at least 60-75% more than those prices. It's a golden chance for them who waited before and missed the train, they should really not miss this one.
I wouldn't be surprised if this was a temp plateau. I was thinking about 8k-10k range.
How do you see BTC price? To me it looks like a bottom 10,700 on 5m chart. It formed a W and now we are on the way back. Any thoughts/other chart predictions?
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