when prices bitcoin going down we must buy more and dont watch to fall for buying cheap this is like correction for price can stable above 10000 usd per btc again we dont have to worry about drop price because market will recover eaisely and at any time
dont sell but buy more . this is my advise
Topic: It's still going down (Oct 26, 2019) - page 2. (Read 545 times)
Come to think sensibly that moving as high of 40% on a matter of 2 days afaik isnt really a healthy one which we can really thought that this might be a manipulation.
It's extreme for sure, but it's Bitcoin at the end of the day. It surprises people when they don't expect it, and that's when they get rekkt hard. It was the third largest 24 hour move in Bitcoin's history, so it's not that it didn't happen before. People continue to call manipulation, but what's actually happening is bots pulling back their sell orders where a short squeeze then does the rest of the work.... shorters have no choice but to pay any price for their coins in the order book.
It could be, as bots can lead to total out of control and because of that, chaos will happen which could explain the sudden spike as high as 30%. 
Come to think sensibly that moving as high of 40% on a matter of 2 days afaik isnt really a healthy one which we can really thought that this might be a manipulation.
It's extreme for sure, but it's Bitcoin at the end of the day. It surprises people when they don't expect it, and that's when they get rekkt hard. It was the third largest 24 hour move in Bitcoin's history, so it's not that it didn't happen before. People continue to call manipulation, but what's actually happening is bots pulling back their sell orders where a short squeeze then does the rest of the work.... shorters have no choice but to pay any price for their coins in the order book.
Even though price of BTC bumped up yesterday from $7,400 up to 10,400. Price is still in a downtrend.
I am not too optimistic just from one day of big green candles along with some announcement from China.
Heavily manipulated it is, more and more every day. Good bye.
I am not too optimistic just from one day of big green candles along with some announcement from China.
Heavily manipulated it is, more and more every day. Good bye.
You seemed neutral from what just happened. In my case I was a bit shocked though 'cause that was so sudden from that range of time. Although majority are saying that such shocking scenario was just a responsibility of whales, but even though it was a great feeling may be sooner those market spike up would go continuously right. But whatever we are human after all we don't know what would happened on market later on.
Interesting take and attempt at being a contrarian, theres always more to observe when trying to prove a point that disagrees with the consensus.
Is it contrarian? I'm not even sure. Sentiment may have finally tipped towards the bulls but I'm still noticing a surprising amount of bears around here.
Im the biggest bear here possibly but even I'd have to say the downtrend has been passed just recently, the qualifier for that is we close a weekly bar above a downtrend and it has to confirm so maybe these days upcoming matter more.
The weekly candle closes in just 4 hours. Assuming it stays up here, it'll be a major bullish confirmation for me. Not only is it a bullish outside reversal, but it's a very clear example of what John Bollinger (inventor of Bollinger bands) calls a "headfake":
The bands are squeezing, so we're obviously coiling for a mid-term breakout. The market attempted to trigger a downside squeeze with that wick below the lower BB, but it was summarily rejected. That's the headfake.
Years of experience has taught me, it's very important to pay attention to where the market doesn't want to go. It clearly doesn't want to go down. And as I said, we're coiling for breakout. So chances are it'll be in the other direction.
Interesting take and attempt at being a contrarian, theres always more to observe when trying to prove a point that disagrees with the consensus. We seem very positive at the moment but generally I would have expected more downward momentum for some months also. Im the biggest bear here possibly but even I'd have to say the downtrend has been passed just recently, the qualifier for that is we close a weekly bar above a downtrend and it has to confirm so maybe these days upcoming matter more.
A good trader takes a thousand paper cuts but decapitates his enemy
Its very common in FIAT market to force a fixed ratio for a price in the market. Thats the very obvious everyday manipulation everyone here takes part in because almost every nation forces some fake pricing. BTC aint that
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Trading involves taking lots and lots of small losses so don't feel too bad.
A good trader takes a thousand paper cuts but decapitates his enemy
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Bitcoin price seems manipulated heavily!
Its very common in FIAT market to force a fixed ratio for a price in the market. Thats the very obvious everyday manipulation everyone here takes part in because almost every nation forces some fake pricing. BTC aint that
Bitcoin price seems manipulated heavily! Within two days the growth and downtrend of bitcoin again proved that how volatile the crypto industry is! But I think if we get any other big news, BTC price will hit 15K USD, and within March, we can see BTC at 20K USD!
Before this recent push upwards with green candles, I had some orders placed that were waiting and waiting and waiting to clear. I moved the price limits down and then poof, all the sudden the green candles came and scooped up my orders. Lost $$ on all of them.
I swear it is like the entire crypto market is rigged and they all wait to watch my trading activity and then the entire market moves against me!!!!
I swear it is like the entire crypto market is rigged and they all wait to watch my trading activity and then the entire market moves against me!!!!
The life of a trader: when you sell, it pumps, and when you buy, it dumps.
That's how it feels anyway. Even great traders only have a 50-70% win rate so it's par for the course. Trading involves taking lots and lots of small losses so don't feel too bad.
Hopefully you're still profiting in the long run? If not, you might want to reassess your style, risk management, etc.
Before this recent push upwards with green candles, I had some orders placed that were waiting and waiting and waiting to clear. I moved the price limits down and then poof, all the sudden the green candles came and scooped up my orders. Lost $$ on all of them.
I swear it is like the entire crypto market is rigged and they all wait to watch my trading activity and then the entire market moves against me!!!!
I swear it is like the entire crypto market is rigged and they all wait to watch my trading activity and then the entire market moves against me!!!!
Even though price of BTC bumped up yesterday from $7,400 up to 10,400. Price is still in a downtrend.
I am not too optimistic just from one day of big green candles along with some announcement from China.
I am not too optimistic just from one day of big green candles along with some announcement from China.
if the run to $10.5k ended as a massive wick and we were trading in the $7000s or $8000s right now, i would wholeheartedly agree with you.
but that's not what happened. everyone is scared to sell now after that reversal. this is the third green day in a row and the market is pushing straight back towards $10k. this shows that bears are no longer in control.
so everyone who sold for the past month is now trapped. and bears are looking weak sauce. bullish.
I'm not particularly supporting your theory but I'm with you that we are still on a down trend and we haven't broken this bearish cycle yet, why? Not because of anything related with the Chinese or any kind of manipulation but just for the reason of the big green candle you are saying is just a candle still on a lower high which isn't really counted as a bullish candle because this candle is still within the downtrend. If I were a newbie thinking that this is another bullish reversal then think again, the bearish candle is not over yet, not until we get pass 12,000$ this kinds of pumps are not bullish at all.
Even though price of BTC bumped up yesterday from $7,400 up to 10,400. Price is still in a downtrend.
I am not too optimistic just from one day of big green candles along with some announcement from China.
Heavily manipulated it is, more and more every day. Good bye.
I am not too optimistic just from one day of big green candles along with some announcement from China.
Heavily manipulated it is, more and more every day. Good bye.
I would tend to agree that the sudden bump in the price is purely manipulated. I mean how can China news influence the price of today?
I thought everyone is done with China and it seems they are irrelevant this 2019. I think some bad actors took the news spin it out, media buy the news and every one FOMO that's why we've seen the biggest pump yet for this year. After that it goes back to the same trading side way patterns.
Even though price of BTC bumped up yesterday from $7,400 up to 10,400. Price is still in a downtrend.
I am not too optimistic just from one day of big green candles along with some announcement from China.
Heavily manipulated it is, more and more every day. Good bye.
Yesterday you can see a very changeable movement on the price of bitcoin and after I read some articles about the president of China who will now support blockchain technologies the price starts to increase. We do not know if the price of bitcoin is totally manipulated by someone. As of now the price of bitcoin become stable at the price of 9000$+ and do you think bitcoin will really good down again just like what happened few days ago?I am not too optimistic just from one day of big green candles along with some announcement from China.
Heavily manipulated it is, more and more every day. Good bye.
The recent movements of bitcoin price is indeed a result of massive manipulation for a short term gain by some of whales and yes it's better to give it sometime rather than jumping into it and buying or selling off during these short-lived pump or dump. Last four days we have seen do many experts predicting bull run who were saying bitcoin will hit all time low just when the price dropped to $7500 which show nobody knows what's in store for us.
Yes, expect the unexpected. A sudden pump could have a sudden dump in just days to come.
Better to stay alert.
So what if they are manipulating it. Then, ride the wave if you already knew what is happening. They could do all they want with the market of bitcoin but us who are already knowledgeable about that idea could make profits out of it.
Better to stay alert.
So what if they are manipulating it. Then, ride the wave if you already knew what is happening. They could do all they want with the market of bitcoin but us who are already knowledgeable about that idea could make profits out of it.
As of now the price of bitcoin become stable at the price of 9000$+ and do you think bitcoin will really good down again just like what happened few days ago?
The good thing about OPs thread is that it makes people aware of where the risks are in terms of this being a massive bull trap. I don't think it's a bull trap myself, but one can't discard that possibility either.People were extremely bearish before the +$2k move up, and now expect moon again before the end of the year. It's something that can be used against them by whales because we're definitely not out of the woods yet.
Price had corrected once again and it breaks down to those people who bought btc on 5 digit price.We are now tanking on 9k which is still a good price to look at
rather than seeing those low levels a way back a month before.At least we are seeing some progress and it might hit up or break the ceiling while we are approaching
on the next halving event.
As of now the price of bitcoin become stable at the price of 9000$+ and do you think bitcoin will really good down again just like what happened few days ago?
The good thing about OPs thread is that it makes people aware of where the risks are in terms of this being a massive bull trap. I don't think it's a bull trap myself, but one can't discard that possibility either.People were extremely bearish before the +$2k move up, and now expect moon again before the end of the year. It's something that can be used against them by whales because we're definitely not out of the woods yet.
Even though price of BTC bumped up yesterday from $7,400 up to 10,400. Price is still in a downtrend.
I am not too optimistic just from one day of big green candles along with some announcement from China.
Heavily manipulated it is, more and more every day. Good bye.
Yesterday you can see a very changeable movement on the price of bitcoin and after I read some articles about the president of China who will now support blockchain technologies the price starts to increase. We do not know if the price of bitcoin is totally manipulated by someone. As of now the price of bitcoin become stable at the price of 9000$+ and do you think bitcoin will really good down again just like what happened few days ago? I am not too optimistic just from one day of big green candles along with some announcement from China.
Heavily manipulated it is, more and more every day. Good bye.
look buddy
try to be positive with what's happening in the market today.
for me this is a sign that there will be further improvements that are greater than yesterday.
so don't expect bitcoin to continue to decline.
Whether the OP is positive or negative with the latest price movement of bitcoin that is his own personal prediction or opinion may based on TA however bitcoin price always defies any form of technical analysis prior to the last price pump, speculations was rife that the price will dump to the support at $6K invariably the price prove those speculators wrong and pumped to $10,400 thanks to the positive news that originated fro China. try to be positive with what's happening in the market today.
for me this is a sign that there will be further improvements that are greater than yesterday.
so don't expect bitcoin to continue to decline.
a "downtrend" is a "trend" not a single drop case. what we had was the later and that doesn't make it into a trend. price fell below $10k on September 24 and in less than a day it was at the bottom at $8k range. then that lasted about a month until 4 days ago another last attempt at pushing the price down took place before the manipulation was lifted and price jumped back up to real levels.
that is not a trend, that is a temporary push down.
that is not a trend, that is a temporary push down.
Before this 40% pump I was also bearish and expecting maybe $6000 to be hit sometime before the end of the year. However when we have these crazy gains in such short period over positive news like the China news it means that we are quite possibility entering a bull market again.
The fact that price retraced a little is normal. There are people taking profits and it's also a weekend. It will take a few days for wires to get sent into exchanges and buy more BTC.
I am waiting for the weekly and monthly candles to close first to decide what the price action will be for the next few months.
The fact that price retraced a little is normal. There are people taking profits and it's also a weekend. It will take a few days for wires to get sent into exchanges and buy more BTC.
I am waiting for the weekly and monthly candles to close first to decide what the price action will be for the next few months.
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