Long awaited Bitcoin correction(+) - page 4.

mriansa

full member

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Quote from: xelaxin on December 12, 2017, 12:43:44 AM

The Bitcoin touched new max, the news about CBOE Futures - is Fact now. There is no new information about Tether huge cap. And loooks like double top on Bitcoin chart is drawing now.
My opinion is that correction will be achieved in the range 8-12 and then big daddys will open new long position with target 25-28 before new year.
What you say?
BTC

yes you are right now bitcoin is experiencing a very long price correction because bitcoin price increase is also very fast yesterday and calm it do not be afraid if stuck in expensive price because bitcoin will experience a very high increase again later in the year 2018

Ebenezar64

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Quote from: xelaxin on December 22, 2017, 06:53:02 PM

Quote from: Ebenezar64 on December 22, 2017, 05:38:24 PM

Was 10,5k the bottom or are you thinking we can go lower vefore turning around? Can't we expect a turn back up soon in regards to people returning home and teaching their relatives about BitCoin?

I know the tax year is coming to an end so some may want to sell some BitCoin to settle their taxes so maybe there is one more dip left. How low can that go, where are your buy orders?

Finest point to buy, for me is 8.7
If you switch your chart to the 1D period, you will see that here is very big possibility of drawing the head and shoulders figure of TA, in reality figure showin how people select levels for their orders, we all together have the same picture, at least) So if we will go up from current level and at the 17 we will have a lot of sellers, who whant to lower losses, those who want to fix profit before NY, and pay taxes too, you terribly right!
It can, with some % of probability, leads us to draw h&s and if we breach neck (is around 12.7) most of big buyers will be waiting for the price of btc at 8 or even 5.
But, it is very good for health of the crypto world. All scamers of the world here)
Also, here is potential that we will start second wave of long-therm up-trend from current levels, but must take care at the levels 16-18

Thanks for your thoughts. I actually have one buy order just around that mark, might one slightly above and one below just in case. The lowest one I have is 6k but that is just a "what if" scenario...

chocobo21

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Activity: 308

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Yesterday may be the last day for people to buy bitcoin and still be an early adopters. Maybe after this we will be ready to go to the moon. I used this opportunity to buy as much bitcoin and altcoin as possible, I also told a lot of people that the best time to invest was yesterday. And as always people will not listen to me and they will regret it and buy later at a high price. I am going to give my crypto gains from this past few weeks for my family as a gift for christmas

DuaLipa

full member

Activity: 198

Merit: 100

Quote from: sotoshihero on December 23, 2017, 01:10:39 AM

Quote from: bhadnaufal on December 22, 2017, 05:39:46 PM

Finally, and is time to grab some coins back!
Everyone should be taking an advantage in this particular moment.

Thats right, When there is a crisis or something happens like this, its an opportunity to buy. Sooner or later the market recovers and surely you will have a great profits. Just monitor the market movement as it is till shaky, you might get trap either.

Yesterday was one of the largest buy opportunities of the year, it seems. Coins gained 20-30% only today and all of the coins in top 100 list is greenish right now. They could manage to handle the correction.

rickadone

legendary

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Quote from: lite on December 22, 2017, 01:00:53 AM

Quote from: kaushala94 on December 22, 2017, 12:37:58 AM

bitcoin is going down whats happening Shocked

will it rise again Huh

Don't worry and don't panic sell your bitcoins, it's just a correction. price will shoot up again and go higher and higher. Cheesy

Lol. That may not be this year though. I guess everyone shouting crash is seeing good times to buy more now. It is good it happened though, otherwise, it would have been a crazy ride for a lot of people in the long run, if the market did not come back to the sanity mode.

For now, there is a lot of indecision and those who are even shorting right now are taking huge risks. Very soon, we should see the market back to normal and like you said, higher and higher and higher.

beerlover

legendary

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Quote from: piloder on December 22, 2017, 01:06:12 AM

Quote from: kaushala94 on December 22, 2017, 12:37:58 AM

bitcoin is going down whats happening Shocked

will it rise again Huh

If you will sell right now than only you will loss, just hold whatever amount of bitcoin you have right now.
Wait for next few weeks, bitcoin will be well over $50k within next few years.

Just increase your bitcoin holding by selling alts right now as alts are stronger against btc.

In reality, I wonder why a lot of people are really panicking right now. This is normal in the market. Few days ago, the bulls were driving the market and everyone started going crazy, and the FOMOs were busy shooting the market higher pretty fast. What do they expect would happen before? It has happened before and it would happen again if the same thing that we have experienced this year happens until we see a good reason for the market to really be driven up and not by some crazy FOMOs.

If you are holding for a long term which I want to assume you are, then you have no reason to worry or panic. It is normal, the market was overbought and this was expected. As long as the bears are done cashing out all their profits, sanity will reign back in the market and we will get to see the old BTC starting something big next year, but for this year, I guess we are done with any huge bull run.

sotoshihero

hero member

Activity: 850

Merit: 504

Quote from: bhadnaufal on December 22, 2017, 05:39:46 PM

Finally, and is time to grab some coins back!
Everyone should be taking an advantage in this particular moment.

Thats right, When there is a crisis or something happens like this, its an opportunity to buy. Sooner or later the market recovers and surely you will have a great profits. Just monitor the market movement as it is till shaky, you might get trap either.

BariaczRoni

member

Activity: 266

Merit: 10

Quote from: ConfusedPenguin on December 22, 2017, 07:16:09 PM

Quote from: xelaxin on December 12, 2017, 12:43:44 AM

The Bitcoin touched new max, the news about CBOE Futures - is Fact now. There is no new information about Tether huge cap. And loooks like double top on Bitcoin chart is drawing now.
My opinion is that correction will be achieved in the range 8-12 and then big daddys will open new long position with target 25-28 before new year.
What you say?
BTC

Finally ... now let's wait til the next moon!

I dont think bitcoin will moon now, it need 1 more time correction and i guess it between January 2018.

ConfusedPenguin

newbie

Activity: 27

Merit: 0

Quote from: xelaxin on December 12, 2017, 12:43:44 AM

The Bitcoin touched new max, the news about CBOE Futures - is Fact now. There is no new information about Tether huge cap. And loooks like double top on Bitcoin chart is drawing now.
My opinion is that correction will be achieved in the range 8-12 and then big daddys will open new long position with target 25-28 before new year.
What you say?
BTC

Finally ... now let's wait til the next moon!

VooGlue

newbie

Activity: 1

Merit: 0

Quote from: Ebenezar64 on December 22, 2017, 05:38:24 PM

Was 10,5k the bottom or are you thinking we can go lower vefore turning around? Can't we expect a turn back up soon in regards to people returning home and teaching their relatives about BitCoin?

I know the tax year is coming to an end so some may want to sell some BitCoin to settle their taxes so maybe there is one more dip left. How low can that go, where are your buy orders?

I think that due to the demand, the price of Bitcoin can be around 10k. But even that is too much, realistically I think it should reach 10-20k next year, now is way too early. A real bubble.

300pips

jr. member

Activity: 131

Merit: 1

Go to Bitcoin chart and select the weekly time frame, you should see that bitcoin is about to crash. If we cant make it to reach 25k before the next candle we see the bitcoin bubble explosion.

xelaxin

newbie

Activity: 78

Merit: 0

Quote from: Ebenezar64 on December 22, 2017, 05:38:24 PM

Was 10,5k the bottom or are you thinking we can go lower vefore turning around? Can't we expect a turn back up soon in regards to people returning home and teaching their relatives about BitCoin?

I know the tax year is coming to an end so some may want to sell some BitCoin to settle their taxes so maybe there is one more dip left. How low can that go, where are your buy orders?

Finest point to buy, for me is 8.7
If you switch your chart to the 1D period, you will see that here is very big possibility of drawing the head and shoulders figure of TA, in reality figure showin how people select levels for their orders, we all together have the same picture, at least) So if we will go up from current level and at the 17 we will have a lot of sellers, who whant to lower losses, those who want to fix profit before NY, and pay taxes too, you terribly right!
It can, with some % of probability, leads us to draw h&s and if we breach neck (is around 12.7) most of big buyers will be waiting for the price of btc at 8 or even 5.
But, it is very good for health of the crypto world. All scamers of the world here)
Also, here is potential that we will start second wave of long-therm up-trend from current levels, but must take care at the levels 16-18

bhadnaufal

jr. member

Activity: 56

Merit: 10

Finally, and is time to grab some coins back!
Everyone should be taking an advantage in this particular moment.

Ebenezar64

member

Activity: 210

Merit: 14

Was 10,5k the bottom or are you thinking we can go lower vefore turning around? Can't we expect a turn back up soon in regards to people returning home and teaching their relatives about BitCoin?

I know the tax year is coming to an end so some may want to sell some BitCoin to settle their taxes so maybe there is one more dip left. How low can that go, where are your buy orders?

Supercrypt

legendary

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Merit: 1054

Quote from: Fundalini on December 22, 2017, 03:04:11 AM

Quote from: kaushala94 on December 22, 2017, 12:37:58 AM

bitcoin is going down whats happening Shocked

will it rise again Huh

Lots of people are switching to bch because of the coinbase listing of it. Then the txs are piling up, I'm guessing lots of people are getting fed up with it. There's also a possibility that the dip is affected by the Christmas season but I doubt it.

Let them keep switching. I hope their switch will not end up being their own problem eventually.
Yes, the transaction is killing and annoying. How can you pay a very huge amount of money for transaction and still wait a huge number of days to get it confirmed even if it does at all.

That is some crappy shit and if not that I so much believe that things would change, it can be shaky sometimes, when the media start using their tactics to start showing the world that there are even coins one can use for faster transactions. The devs should really act fast with this scaling issue.

hritevanz

member

Activity: 182

Merit: 10

Quote from: xelaxin on December 12, 2017, 12:43:44 AM

The Bitcoin touched new max, the news about CBOE Futures - is Fact now. There is no new information about Tether huge cap. And loooks like double top on Bitcoin chart is drawing now.
My opinion is that correction will be achieved in the range 8-12 and then big daddys will open new long position with target 25-28 before new year.
What you say?
BTC

Bitcoin correction has been asked many times by people here on forum and most of us believe that the price of it will keep on aiming high but some believes that it will drop soon and turn to 12k-13k. Indeed, I am expecting for bitcoin correction but it really does hurt to those people who are looking for high profit especially to those people who invested a big amount. If the price of bitcoin keeps on increasing then those people who hold their bitcoin will be so proud.

xelaxin

newbie

Activity: 78

Merit: 0

Quote from: kaushala94 on December 22, 2017, 12:37:58 AM

bitcoin is going down whats happening Shocked

will it rise again Huh

Yes it will, spreading of Cryptomarkets is on the move, and it is, of course, not the end now. But the market was overheated and it was necessary to urgently lower the steam
Now we must wait for Btc price to settle in some range where all who wanted to sell do it already, and all who wants to buy agree with price.
My worst scenario is 8-10. My personal point is 8.7
Middle scenario - 10-11. My personal 11.5
Better for holders, but the worst to the market - if we will start do grow from current(12-13) range, it will trigger next correctiom faster

Ararbermas

sr. member

Activity: 1988

Merit: 283

Quote from: cryptoblue on December 22, 2017, 07:29:36 AM

Well, long-awaited bitcoin correction has started. I believe the price may come down as low as 10k or 11k. It would rise again after a while.

perhaps cause it always happen when the price goes down it will go up after and i think it will never go back to 5k. And maybe this is just temporary and i know bitcoin will make a long jump after this like what happened before. Let's just wait.

Goodmens

member

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I see us going up from here. We had a pretty fast flash. A much needed correction.

squidiot438

newbie

Activity: 75

Merit: 0

Quote from: Icey47 on December 22, 2017, 07:31:04 AM

I know a lot of people didn't see this coming. Those who believe in hype will not survive in this type of harsh environment for long. I hope this will serve as a lesson to those who follow the advice of so-called experts.

Thanks for your insight. I'm sure a lot of newbies are stuck at the peak or have already sold at huge losses, or are still holding and hoping.

Topic: Long awaited Bitcoin correction(+) - page 4. (Read 1211 times)