How low will the next correction/dip be? - page 2.

lumeire

legendary

Activity: 1848

Merit: 1009

Next-Gen Trade Racing Metaverse

Quote from: Pearls Before Swine on June 07, 2017, 06:11:41 PM

Quote from: Rub3n on June 07, 2017, 06:53:37 AM

I think with the recent increase of attention (thanks to the current price for example) the buy orders will flood in before its hitting 2k again.

Yeah, I have a feeling that we won't dip as low as $2000. It's just a gut feeling and I present it without evidence, but I think this current dip with be no lower than $2500. And after that I think we're going to be on the rocket to $5000 within a few months. Wheeee.

$5000 is much more feasible for the next halving IMO, it's just too early for that price, especially now that very high fees has been an issue.

shintosai

hero member

Activity: 756

Merit: 500

i love how people around talk about this action from btc price and like what happen from the past after the huge pumped correction will happen and what is good is wait for the dip right now i still seeing possibility to fall down up to 2200$ just a personal though its possible just depend with newcomers and adopters whether they will buy to this level or they will continue waiting for much deeper.

BitFinnese

copper member

Activity: 1050

Merit: 500

Quote from: Pearls Before Swine on June 07, 2017, 06:11:41 PM

Quote from: Rub3n on June 07, 2017, 06:53:37 AM

I think with the recent increase of attention (thanks to the current price for example) the buy orders will flood in before its hitting 2k again.

Yeah, I have a feeling that we won't dip as low as $2000. It's just a gut feeling and I present it without evidence, but I think this current dip with be no lower than $2500. And after that I think we're going to be on the rocket to $5000 within a few months. Wheeee.

I agree it is far to see a dip below $2000. Bitcoin is quite bullish now, so the dip that we experience is just some minor correction before Bitcoin move up again. I also agree that it is a slim chance to see Bitcoin going down below $2500 since the upcoming news about Australia acceptance to Bitcoin taking effect shows a bullish Bitcoin that can possibly double the price of Bitcoin so $5000 Bitcon withn a few months is very possible.

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

Quote from: Rub3n on June 07, 2017, 06:53:37 AM

I think with the recent increase of attention (thanks to the current price for example) the buy orders will flood in before its hitting 2k again.

Yeah, I have a feeling that we won't dip as low as $2000. It's just a gut feeling and I present it without evidence, but I think this current dip with be no lower than $2500. And after that I think we're going to be on the rocket to $5000 within a few months. Wheeee.

Hutalar

sr. member

Activity: 420

Merit: 250

The corrections often do not go down too much but a little and the reason that sometimes the price go lower with the correction is that some people start to worry about the price and they immediately start to sell their coins and then with it everyone know that the price start to go down until the demand in increased again.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: kwukduck on June 07, 2017, 05:44:43 PM

-snipped a bunch of nonsense-
For the upcoming 24 hours we can expect 2100-2200.

And there we have kwukduck come out of the closet now the price is going slightly down due to traders liquidating profits. It's funny how you turn something that is completely normal in a market that has gone up quite a bit, into something so dramatical/negative. I didn't want to quote anything from your post, but that lousy prediction is something I will shove into your mouth with a bunch of soap, exactly 24 hours away from now.

kwukduck

legendary

Activity: 1937

Merit: 1001

Quote from: MrBig on June 07, 2017, 05:27:22 PM

Quote from: Shawns on June 06, 2017, 05:15:50 PM

We're experiencing an amazing growth to almost $3000,- today, but we all know that it will have some corrections here and there.

How much do you think it will drop? <$2000,-? $2000-$2500?
or maybe $2500-$3000,-

I think it'll dip down to between $2100 and $2300.

Probably much lower, at least significantly under 2k
We see already now it's dropping really fast with big volumes being dumped.
Don't believe all the lies about the Chinese not leading the market anymore, just look at trading volumes, the Chinese are still in control and there's nothing happening that causes a legitimate price rise, it's all a pump and dump as we've seen before, classical pnd patterns are clearly visible in the charts as we've seen before.
For the upcoming 24 hours we can expect 2100-2200.

BitcoinPanther

hero member

Activity: 1918

Merit: 564

It seems we have seen some correction today. From $2800+ bitcoin is down to $2600. It seems the price increase is quite fast that it needs to set back and have some dip as correction happens. Though I do not think that bitcoin will fall back below $2000 insead I am seeing that it will break $3000 soon.

MrBig

sr. member

Activity: 369

Merit: 250

Quote from: Shawns on June 06, 2017, 05:15:50 PM

We're experiencing an amazing growth to almost $3000,- today, but we all know that it will have some corrections here and there.

How much do you think it will drop? <$2000,-? $2000-$2500?
or maybe $2500-$3000,-

I think it'll dip down to between $2100 and $2300.

Sundark

hero member

Activity: 560

Merit: 502

As always dips and retracement levels are hard to predict. So far we can see only strong technical indicators suggesting that Bitcoin is growing.
I expect that will see only a minor temporary pullback, because we have more and more buyers joining in the action.

Red-Apple

hero member

Activity: 1470

Merit: 655

first let the price rise happen and then wait for correction. you are now waiting for effect before the cause!

and the correction and price after it will depend on how high it will go.
as an example you can look at the price rise from $1200 to $2700 the first time. the rise had many steps and many smaller corrections where price went $100-$200 and came down a little for hours and then continued up, these are corrections by the way. and then after the big leg up to $2700+ it came down and caused a lot of panic sells and price momentarily reached $1900 and bounced back right above $2000.
and then we saw a nice rise to $2300ish.

the same scenario will be true this time too. rise is happening the same so far. a bigger rise to $2900is and correction back to <$2850 and will probably continue upwards.
maybe break $3000 and try $3500+ as ATH and come down, maybe more. it is not possible to tell right now.

Rub3n

hero member

Activity: 565

Merit: 501

S> Cheap SocialMedia Hype's

I think with the recent increase of attention (thanks to the current price for example) the buy orders will flood in before its hitting 2k again.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

I will be the optimist in saying that we are not going to see the normal spike&dip trend that we are used to. I think from now on we are going to see smaller spikes and smaller dips than usual. The increase in the price we are seeing now, is not just linked to single events where hype are used to push the price. We are seeing the result of real adoption taking place in several countries globally.

This is going to slowly increase in value over the next few months. ^smile^

MMysterious

sr. member

Activity: 972

Merit: 255

Bear season or just the beginning

Quote from: Ayiranorea on June 07, 2017, 05:55:03 AM

Quote from: Shawns on June 06, 2017, 05:15:50 PM

We're experiencing an amazing growth to almost $3000,- today, but we all know that it will have some corrections here and there.

How much do you think it will drop? <$2000,-? $2000-$2500?
or maybe $2500-$3000,-

If some corrections happens same as the past, surely it won't go beyond the limits. Particularly at any instance it won't fall beyond $2000, because the past price correction happened once the price was nearing to $2800. Today we're little away getting closer to $3000.

I agree, and most probably and hopefully it'll just be around $2000 though based on how much btc is as of now. But we will just have to wait after the correction and see how much it'll drop to.

Ayiranorea

sr. member

Activity: 1246

Merit: 255

Leading Crypto Sports Betting & Casino Platform

Quote from: Shawns on June 06, 2017, 05:15:50 PM

We're experiencing an amazing growth to almost $3000,- today, but we all know that it will have some corrections here and there.

How much do you think it will drop? <$2000,-? $2000-$2500?
or maybe $2500-$3000,-

If some corrections happens same as the past, surely it won't go beyond the limits. Particularly at any instance it won't fall beyond $2000, because the past price correction happened once the price was nearing to $2800. Today we're little away getting closer to $3000.

Shawns

member

Activity: 109

Merit: 10

We're experiencing an amazing growth to almost $3000,- today, but we all know that it will have some corrections here and there.

How much do you think it will drop? <$2000,-? $2000-$2500?
or maybe $2500-$3000,-

Topic: How low will the next correction/dip be? - page 2. (Read 1450 times)