Long awaited Bitcoin correction(+) - page 7.

blackwidow7

newbie

Activity: 50

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The charts shows clearly signs of overheating. Look at the high flagpole on the 6 month chart of BTC. And in 3 weeks another 2x (from 9k to 19k today). And this is not the only sign of overheating: Look at the newspapers, the TV, to the people in your life. Everybody is chatting about bitcoin, a loooot of people are entering and risking their savings. The big ones will take profit at one certain point and get richer than before. It use to happen in normal stocks and it will in cryptos too.

I am curious what is happening with altcoins, when bitcoin falls. Until then I am taking profit and wait for the correction. And if it needs 1-3 months to come. A big one will come. Wink

And for this case I have made a lot of money that will be invested again.

CU in next year (probably?)

Oasisman

hero member

Activity: 2716

Merit: 552

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

With the continues increase , everyone is expecting the big correction but it seems like its not gonna happen, not this year but maybe next year.
That 8-12k is too deep for the correction when you make a basis with todays price. Lets say 15k is more likely with a minimum of 14k and price back up again two times. But what if the correction that we all waiting for to buy in already happened? When the price decreased to 13k last week? This is gonna be another regretting point for anyone whos waiting for the dip LOL.

Etemind

member

Activity: 93

Merit: 10

Quote from: aar0ntan on December 17, 2017, 02:49:48 PM

no correction until bitcoin hits $22k

I think so and I am very bullish that it will reack $25,000 dolalr before year ends .

Now, bitcoin just touch the $20,000 dollar mark and seems having a consolidation already. Wait for several few days and bitcoin will be on fire again. So much fork and good news are clogging the mainstream media, hoping it will turn into bitcoins advantage.

piporipo879

newbie

Activity: 17

Merit: 0

I have been waiting for a stronger correction for a while now but it just doesn't seem like its going to happen, so I'll have to settle for a different price than I expected Undecided

vicvicto17

member

Activity: 362

Merit: 10

I think bitcoin correction is what we are experiencing now. right now alts are pumping i think 22k is the next target of bitcoin. biggest support line right now is $17k.. let's wait for a good news for bitcoin

aar0ntan

newbie

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no correction until bitcoin hits $22k

Pamadar

legendary

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Merit: 1028

Quote from: xelaxin on December 17, 2017, 02:25:12 PM

Take care, guys, very big possibility that btc will hit 19500 again and then will go till the 17.. Or will drop from current position

Long hold will help us to lessen our worries mate, for sure those who's trying to do some shorting will just risking their money
as we all knew that bitcoin will bounce back after some correction and it will jumped high much even more.

xelaxin

newbie

Activity: 78

Merit: 0

Take care, guys, very big possibility that btc will hit 19500 again and then will go till the 17.. Or will drop from current position

xelaxin

newbie

Activity: 78

Merit: 0

One more 100'000'000.00 USDT comes to Bitfinex.. Injection... It is crazy, lads, if it is a bubble, with no real dollars behind - it is will be disaster for BTC and for all crypto world.. Biggest scam in the world Undecided

cryptoblackhat

newbie

Activity: 85

Merit: 0

Up until now, I was thinking that any correction coming would be fairly minimal. Like a correction to 12-14k at the lowest. Mainly because of the huge support from merchants and institutional investors that's starting to build momentum behind the currency.

But the BTC transaction fees have been so high lately that it's changed my mind. Now any new users who want to sign up and send money (e.g. to pay for something with Bitcoin) are going to have transaction fees in the $10-$20 range, and a transaction that takes hours to finalize.

This is a pretty poor experience, and will probably detract from a few new investors signing up with simple sites like Coinbase hoping to get in on the trend. It's why Steam dropped support for Bitcoin transactions recently. If we see a few more major entities dropping support for Bitcoin it'll have a significant short-term impact on perception.

Based on this, I wouldn't be surprised to see a more major correction until the transaction fees (and confirmation time) improve which will help ramp up mainstream adoption again.

Slimdaddy

newbie

Activity: 15

Merit: 0

Quote from: Koontas on December 15, 2017, 08:30:47 AM

I can not see a real Bitcoin correction. All looks like we will leave parabolic mode and enter ultra parabolic mode soon.
If BTC will make hodlers a 25k USD present for XMAS there will be much altcoin blood.

Bitcoin will definitely undergo a correction. Remember the last bitcoin correction from the $1500 bull run? That's how it's going to be. Nothing goes up forever. I believe bitcoin is still going up because people want more money for Christmas. Once that has been achieved, money would flow outta bitcoin.

xelaxin

newbie

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Now, i think, very good time to open short positions, based on TA, frame H1, RSI, Stoch., ema telling that market is overbuyed, and futures in monday. let's see

Koontas

hero member

Activity: 784

Merit: 502

I can not see a real Bitcoin correction. All looks like we will leave parabolic mode and enter ultra parabolic mode soon.
If BTC will make hodlers a 25k USD present for XMAS there will be much altcoin blood.

dominikas18

newbie

Activity: 32

Merit: 0

Quote from: xelaxin on December 14, 2017, 06:57:46 PM

Quote from: Baofeng on December 14, 2017, 06:41:13 PM

Quote from: Imfinnabeon on December 13, 2017, 03:14:59 PM

Quote from: xelaxin on December 13, 2017, 03:08:55 PM

Everybody thinks, that Bitcoin is "to the moon"-only asset? Grin

Nope I tend to agree with the analysis you put forth in your first post and I too think there will be a similar correction. I thought however it would already have begun by now but I think perhaps it is waiting on the CME launch of futures which I believe is the bigger set. Will be interesting to see what happens after Dec 18th I know I am ready for either direction.

Agreed. We should look after Dec 18. Bitcoin has been consistently settling around $16K-$17K lately after CBOE bitcoin future contracts. So it would be really interesting to see if this can be maintained after Dec 18 or a price correction or even crash will happened. Let's see how it goes.

But personally, I think that all this futures contracts seems to lessen the volatility of the market. If you have noticed it. lately there's no wild price swings, it will always stays at the range of $16K-$17K at the end of the day. So me thinks that this is cause by those financial institutions getting into bitcoin now.

Completely agreed, imho it is main purpose for the futures - price manipulating with less real fiat supply, and volatility control
It is just incredible that just one future, with not so big volumes, control Btc market with all his volumes...
My opinion that money now flows to the owners who will put some of their new maded capitals back into crypto world, but it will be another coin, and, as there will be much more fiat on the market than was some years ago for bitcoin, everything will happen faster harder scooter;)

There is obviously an example of CBOE futures launch on 10 December, when Bitcoin made one of the largest growth in % in 5 minutes time, I think the same will happen upon CME launch. I have a quick video proving my point, would be glad to hear your feedback:
https://www.youtube.com/watch?v=JsR9N-TDBWM

xelaxin

newbie

Activity: 78

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https://twitter.com/tetheralreserve/status/941308766653505536
Huh

xelaxin

newbie

Activity: 78

Merit: 0

Quote from: Dart18 on December 14, 2017, 07:43:21 PM

Then how will you explain what is happening now?
I dont think there is a thing like a correction. There is none. It is only demands that will happen and will always be.
There will be an increase because of the fork and maybe your speculation might be correct after that. They will all sell it afterwards or if ever, there will also be a chance they will stay if they are that strong with their trust to bitcoin.

I ever it drops that is a sell not a correction.

my imho - it is peak before monday, when cme futures will open. than will be the same thing - new comers on the cme will buy btc and short futures with hedge intentions. it is what is happens now and it is why volatility so low

xelaxin

newbie

Activity: 78

Merit: 0

Everybody seen that?
https://coinmarketcap.com/currencies/tether/
1,049,999,272 USDT !!!!
from yesterday..

and again, everything goes to Btc,

something gonna happen

Dart18

sr. member

Activity: 1400

Merit: 259

Then how will you explain what is happening now?
I dont think there is a thing like a correction. There is none. It is only demands that will happen and will always be.
There will be an increase because of the fork and maybe your speculation might be correct after that. They will all sell it afterwards or if ever, there will also be a chance they will stay if they are that strong with their trust to bitcoin.

I ever it drops that is a sell not a correction.

syaripudin

sr. member

Activity: 672

Merit: 253

CryptoTalk.Org - Get Paid for every Post!

bitcoin prices had deathlock a few days ago I think what will happen next is that there will be a group of people who do a massive sale. in my opinion bitcoin prices will fall back after many traders who sell bitcoin because things like this will tend to be utilized for profit. Amateur traders like those who just want to take a profit quickly and with the rise in bitcoin prices some time ago this could lead to that I think there will be many countries trying to profit from the bitcoin market when bitcoin mission is trying to get out of government control. and apart from that all I think that in Januri 2018, there will be a significant increase in prices and tend to increase 2-3% every day.

xelaxin

newbie

Activity: 78

Merit: 0

Quote from: Baofeng on December 14, 2017, 06:41:13 PM

Quote from: Imfinnabeon on December 13, 2017, 03:14:59 PM

Quote from: xelaxin on December 13, 2017, 03:08:55 PM

Everybody thinks, that Bitcoin is "to the moon"-only asset? Grin

Nope I tend to agree with the analysis you put forth in your first post and I too think there will be a similar correction. I thought however it would already have begun by now but I think perhaps it is waiting on the CME launch of futures which I believe is the bigger set. Will be interesting to see what happens after Dec 18th I know I am ready for either direction.

Agreed. We should look after Dec 18. Bitcoin has been consistently settling around $16K-$17K lately after CBOE bitcoin future contracts. So it would be really interesting to see if this can be maintained after Dec 18 or a price correction or even crash will happened. Let's see how it goes.

But personally, I think that all this futures contracts seems to lessen the volatility of the market. If you have noticed it. lately there's no wild price swings, it will always stays at the range of $16K-$17K at the end of the day. So me thinks that this is cause by those financial institutions getting into bitcoin now.

Completely agreed, imho it is main purpose for the futures - price manipulating with less real fiat supply, and volatility control
It is just incredible that just one future, with not so big volumes, control Btc market with all his volumes...
My opinion that money now flows to the owners who will put some of their new maded capitals back into crypto world, but it will be another coin, and, as there will be much more fiat on the market than was some years ago for bitcoin, everything will happen faster harder scooter;)

Topic: Long awaited Bitcoin correction(+) - page 7. (Read 1211 times)