Topic: Seems like dump is coming soon.. - page 2. (Read 608 times)
Maybe or maybe not,but I think the price may not fall again that much because it looks like the whale decided to buy the bitcoin that is the reason the price increased suddenly maybe the price will rise again so buy as soon as possible guys.
I really don't understand how people easily assume that we can guess bitcoin price with broken or unbroken trends. Bştcoin isn't a stock. Its very speculative commodity with volatile nature. In this manner I think bitcoin won't drop anymore.
We can't stop people to think that bitcoin is the same as stocks because it is like a stock.Price actually broke the other trend line too. The high is 8000 and the trend line at 7900.
It has pumped today at $8,000 and this can be the effect of the Soros and Rockefeller news.
And this is the reason why I don't make any predictions. Bitcoin likes to prove you wrong!
OP what do you say now ha? Instead of getting dumped, we just broke the upper trendline of the falling wedge we were in.
Always have a look on the higher time frames first! In this case daily chart or 12hr.
OP what do you say now ha? Instead of getting dumped, we just broke the upper trendline of the falling wedge we were in.
Always have a look on the higher time frames first! In this case daily chart or 12hr.
The market was recently just pumped then here we go again with this kind of thread, what do you expect from the bearish market then the price suddenly jumps to 8K USD in just one day? Will it stabilize from that point of pricing without a single flinch of fluctuations? this is totally normal in cryptocurrency we don't have the total control of the people's action towards their bitcoin it's their freedom to cash out or to switch their coins that's why it is fluctuating as some traders and investors are cutting their losses.
At Bitfinex many are betting on a downfall as well. This time I'll bet differently. Lots of graphics betting on the fall. Lots of news about the decline in use of the word Hodl. Many saying the bubble burst.
But 6k will not pass.
We will never see bitcoin again at 5k
But 6k will not pass.
We will never see bitcoin again at 5k
Over $150 million of shorts were just liquidated on Bitmex.
https://twitter.com/BigRekts
Price actually broke the other trend line too. The high is 8000 and the trend line at 7900.
this proves my theory that Technical Analysis does NOT work for bitcoin and you should never use it, specially if you are going to call things like what you did here and said "dump is coming soon"!!!
TA is good as some sort of guideline of a possibility with a low chance of happening but nothing more.
I really don't understand how people easily assume that we can guess bitcoin price with broken or unbroken trends. Bştcoin isn't a stock. Its very speculative commodity with volatile nature. In this manner I think bitcoin won't drop anymore.
We can't stop people to think that bitcoin is the same as stocks because it is like a stock.Price actually broke the other trend line too. The high is 8000 and the trend line at 7900.
It has pumped today at $8,000 and this can be the effect of the Soros and Rockefeller news.
I really don't understand how people easily assume that we can guess bitcoin price with broken or unbroken trends. Bştcoin isn't a stock. Its very speculative commodity with volatile nature. In this manner I think bitcoin won't drop anymore.
We can't stop people to think that bitcoin is the same as stocks because it is like a stock.Price actually broke the other trend line too. The high is 8000 and the trend line at 7900.
It has pumped today at $8,000 and this can be the effect of the Soros and Rockefeller news.
Price actually broke the other trend line too. The high is 8000 and the trend line at 7900.
Saw this thing and I’m so happy to see bitcoin on this level again but I’m wondering why the price spike high in just an hour. Hoping that it will continue so bitcoin can hit $9k level again, gonna crossed my finger the whole night while watching the price movement. 😂
Price actually broke the other trend line too. The high is 8000 and the trend line at 7900.
I really don't understand how people easily assume that we can guess bitcoin price with broken or unbroken trends. Bştcoin isn't a stock. Its very speculative commodity with volatile nature. In this manner I think bitcoin won't drop anymore.
I am no expert in TA but you seem to have missed the other part of this pattern!
as long as we are inside that triangle you can not tell which way price is going. the lows are not horizontal for you to call for a drop and your highs linked together don't form a horizontal line either to call for a rise. this pattern only means you can not tell which way price will go.
if it breaks below the support line it will drop and if breaks above the resistance it will rise and it will be bigger because there are investors waiting for such breaks.
ps. as you can see the rise part occurred! less than an hour ago price started testing that upper line and broke it so price went up, currently sitting at $7600+
as long as we are inside that triangle you can not tell which way price is going. the lows are not horizontal for you to call for a drop and your highs linked together don't form a horizontal line either to call for a rise. this pattern only means you can not tell which way price will go.
if it breaks below the support line it will drop and if breaks above the resistance it will rise and it will be bigger because there are investors waiting for such breaks.
ps. as you can see the rise part occurred! less than an hour ago price started testing that upper line and broke it so price went up, currently sitting at $7600+
Pattern and trend line broken, hope we go on a bull, even if it's a very short one.
December 2018 target is $2,000 for Bitcoin
Insanity. $2,000 is below cost of production.
Bitcoin's price used to be below cost of production for a long time. It's a self-fixing problem which is not something we should worry about. When the cost of production stays above the actual price, either miners will stop mining bitcoin or the demand will rise and push the prices higher.
Bitcoin price can hit $2k this year indeed and if that happens, it would be a major buy opportunity. Like free "%100 get rich" tickets for everybody.
LOL Production cost is always adjusted. Those who can not take it, leave the game.
What sort of obvious nonsense statement is this ? Of course production cost is always adjusted, but given what we know of difficulty projections, hardware R&D and production costs, and electricity costs, the cost of production for a single BTC does not become worth it beyond a certain point.
This includes people like Bitmain who are needing to reorg their entire mining op in light of China cracking down on industrial electrical abuses.
Capeesh ?
December 2018 target is $2,000 for Bitcoin
Seriously? LMAO.OP, what? No. The "dump" has been becoming weaker and weaker, and I believe that also means Bitcoin is now starting to find some support on the $6000 - $8000 range. It's a good opportunity to buy now.
I believe that the dump was done already. Where is kwukduck's FUD? I need confirmation! Hahaha.
There are newbies that are also spreading fud. Does anyone know where he is?
For now, we're going to stay under $7000 it seems.
Any attempt above to get above $7000 will most likely be stopped unless there is some very big news coming out all of a sudden that is positive, regarding the regulation of bitcoin. Otherwise, we're still stuck in this short term downtrend.
But I wouldn't call a $200 drop a dump, that's crazy, since it's barely even a 3-4% drop from the $7000 level. According to your chart the trend lines converge at around 16 April, and that should be the focus instead of worrying about its sideways movement for now.
Anyways, $6000 is solid support for now that shouldn't be breached any time soon.
Any attempt above to get above $7000 will most likely be stopped unless there is some very big news coming out all of a sudden that is positive, regarding the regulation of bitcoin. Otherwise, we're still stuck in this short term downtrend.
But I wouldn't call a $200 drop a dump, that's crazy, since it's barely even a 3-4% drop from the $7000 level. According to your chart the trend lines converge at around 16 April, and that should be the focus instead of worrying about its sideways movement for now.
Anyways, $6000 is solid support for now that shouldn't be breached any time soon.
Not far from the truth! The whole sentiment right now in the bitcoin market is bearish and based on the pattern forming from the previous fall and the triangular formation afterwards, it is a bearish one that shows a further downtrend.
However, it is a market, and basically, we can only look forward to the break out which could be in both ways, just that it is more focused on the bear side now than the bull side. I am still bullish long term anyway, but still would not mind whichever way it comes, as long as you know how to take advantage of it for the future.
However, it is a market, and basically, we can only look forward to the break out which could be in both ways, just that it is more focused on the bear side now than the bull side. I am still bullish long term anyway, but still would not mind whichever way it comes, as long as you know how to take advantage of it for the future.
OP, what? No. The "dump" has been becoming weaker and weaker, and I believe that also means Bitcoin is now starting to find some support on the $6000 - $8000 range. It's a good opportunity to buy now.
Where is kwukduck's FUD? I need confirmation! Hahaha.
It is normal to see low volume in both ways in moments like this. It is more like the bulls and the bears trying to draw the rope to see who eventually comes out stronger when a triangle formation comes up, but for the fact that it is a triangle formation that has formed from a downtrend, it falls more on the bear side (technically). However, it is until we see the break out like I said, before anything can be guaranteed.Where is kwukduck's FUD? I need confirmation! Hahaha.
If we notice the long-term chart, the 100 SMA is higher/above than the 200 SMA "this means that the price will rise".
I do not know, but I think the Bitcoin made a "psychological barrier" at $ 7000 and it needs to be broken to raise the price to the stability levels of $ 1000 or $ 8000.
Also, I do not think a lot of bad news looms
Consequently, the dump "back to 5000$" is unexpected.
I do not know, but I think the Bitcoin made a "psychological barrier" at $ 7000 and it needs to be broken to raise the price to the stability levels of $ 1000 or $ 8000.
Also, I do not think a lot of bad news looms
Consequently, the dump "back to 5000$" is unexpected.
OP, what? No. The "dump" has been becoming weaker and weaker, and I believe that also means Bitcoin is now starting to find some support on the $6000 - $8000 range. It's a good opportunity to buy now.
Where is kwukduck's FUD? I need confirmation! Hahaha.
Where is kwukduck's FUD? I need confirmation! Hahaha.
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