Should we wait for a big drop in BTC? - page 7.

PuertoLibre

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Quote from: kavabanga07 on January 15, 2019, 01:37:13 PM

BTCUSD is pushing downside slowly. I think low could be renewed and than bitc resume the longer term bullish trend .

It is trying to form bottom so How you can trade on it.

1. Watch current price for bounce off if you see look for buy and look for breakout anc continuation.

Or

2. Let the price breakdown and test the previou lowe or let it form new low then look for buy. You can go for short term sell on breakdown but trade with care.
Anyway 61.8% was tested, so I am already in longs.
In case price keeps falling for the new low, we will remain longer term bullish and we will look for bounce off for longer term reversal.
GL!

We have experienced fake breakouts many times in this bearish market. My view is also on bull side for long term but accumulation period still remains till next pivot point. I am not agree with your second advice: New lows are confirmation of current downtrend which contains good entry levels for joining short sellers.

kavabanga07

member

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BTCUSD is pushing downside slowly. I think low could be renewed and than bitc resume the longer term bullish trend .

It is trying to form bottom so How you can trade on it.

1. Watch current price for bounce off if you see look for buy and look for breakout anc continuation.

Or

2. Let the price breakdown and test the previou lowe or let it form new low then look for buy. You can go for short term sell on breakdown but trade with care.
Anyway 61.8% was tested, so I am already in longs.
In case price keeps falling for the new low, we will remain longer term bullish and we will look for bounce off for longer term reversal.
GL!

kavabanga07

member

Activity: 143

Merit: 17

Hi there,

BTCUSD is pushing downside slowly. We are expecting it to bounce off sharply and resume the longer term bullish trend .

It is trying to form bottom so How you can trade on it.

1. Watch current price for bounce off if you see look for buy and look for breakout anc continuation.

Or

2. Let the price breakdown and test the previou lowe or let it form new low then look for buy. You can go for short term sell on breakdown but trade with care.

In case price keeps falling for the new low, we will remain longer term bullish and we will look for bounce off for longer term reversal.

Good Luck

kavabanga07

member

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Quote from: kavabanga07 on December 07, 2018, 12:42:32 PM

Another good drop for btcusd. I see a good dynamical and static supports on 3200 and 2980. I'll try to buy now and place a buy limit on 3K. Let's see if it works.

Worked pefrectly holding my pos. Closed pertially yeterday. unfortunately btcusd had not reached the buy limit, but anyway a good movement. Actually we drew an impulse model, so I'll add on buys after correction. Have a good holiday!

gabmen

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Quote from: Question123 on December 15, 2018, 02:05:02 AM

Some of the people are wait for the dump of the bitcoin and big dump already happen because from near 20,000 dollars to 3000 dollars price of the bitcoin for this now and you can purchase more bitcoin as long as you want but for sure they have some or more now waiting for another big dump.

Lol. At this point, another big drop would likely send us back to the 1k levels. I don't see any reason now why people would opt to sell since they've lost a lot in this bear market already and waiting for a recovery, though it may take longer, may be the most logical option.

Naughty Princess

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Quote from: St4yInTh3D4rk on November 24, 2018, 02:43:48 AM

The price of bitcoin already dropped nearly about $2000 in the last week so which is the big drop everyone looking for? Then buy more bitcoins as much as you can and lets bring the bull run to the market.

People keep waiting for the big drop and keep saying it will end instead of buying some volume on the market. There is no green movement on the market and people are panicking that might cause for more fall in the market. This is an opportunity to buy some volume at every fall which make profitable when the price increase again.

Question123

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Some of the people are wait for the dump of the bitcoin and big dump already happen because from near 20,000 dollars to 3000 dollars price of the bitcoin for this now and you can purchase more bitcoin as long as you want but for sure they have some or more now waiting for another big dump.

speeder

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I don't know what to believe anymore about the BTC price, one year ago the price exploded and now..it's really low and doesn't give signs to grow.I hope that this is just a bad stage BTC is in and in 2019 it will get better and surprise us (in a good way).

kavabanga07

member

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Another triangle was broken and btcusd continues the way on south. I think 3k is the last waterline. Than a good upside move is waiting for us. Amen

South Park

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Quote from: BitFinnese on November 24, 2018, 12:27:11 PM

Quote from: M.C.V. on November 24, 2018, 12:16:44 PM

Quote from: jubalix on November 24, 2018, 03:50:13 AM

hmm 2K? would seem about right for a low..... maybe 1800$

That low. Wow. I don't think so... that would make a lot of people mad

And at the same time a lot of people happy.

There is always 2 side of the coin. One getting mad (holder) and the other one is happy (buyer). Well, at least this event will open a window for another batch of investors. Many investors had been waiting to buy bitcoin at a discounted price. And atm there is a huge discount (in reference to ATH). People say that Bitcoin is so overvalued but I guess they just say it to spread more FUD to Bitcoin. They wanted holders to drop their belief on Bitcoin great value, instead, they wanted us to think that bitcoin is useless as if it cost nothing but they are accumulating in secret. It is a mind game, wait and you will see.

It is true that there are always two sides of a story, however holders are not really that mad in fact many of them are taking the opportunity to buy more coins for a discounted price, the ones that are really mad are those that are selling their coins for such a low price, they could obviously avoid that by not selling their coins but they are so scared about their coins going down even further that they prefer to sell now.

myohmy81

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Quote from: iTradeBit on November 16, 2018, 08:45:08 AM

Friends, analysts fear the further and largest decline in Bitcoin. Can it reach the mark below 5000, what do you think?

This bear had the upper hand of this year that gives bitcoin to go down at $3200 which was the all year low after last year all time high at $20000. This seems unbelievable but it's the reality in cryptocurrency that volatility is too high. We need to act fast to catch the market price or left behind at the bull trap.

Bonsaiav

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Quote from: iTradeBit on November 16, 2018, 08:45:08 AM

Friends, analysts fear the further and largest decline in Bitcoin. Can it reach the mark below 5000, what do you think?

What you say has finally come true, but we need not be afraid of this sort of market condition. For the market, this condition's a common thing, often it even happens, but this's not possible it only happens at this time.
If we have a strong belief in the growth of its value, I don't think we need to expect a 'large decline' to occur in its value. Because, the right period to buy bitcoin has already begun, maybe in the next few days we can't see the prices that are on display as they are now.

South Park

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Quote from: St4yInTh3D4rk on November 24, 2018, 02:43:48 AM

The price of bitcoin already dropped nearly about $2000 in the last week so which is the big drop everyone looking for? Then buy more bitcoins as much as you can and lets bring the bull run to the market.

Some people are just incredibly greedy, if the price of bitcoin reached 3000 dollars then they will want to see a price of 2000 dollars and if bitcoin reached that price then they will like to see an even cheaper price, they are never going to be happy with the price of bitcoin and then at some point if the price gets really low they are going to avoid buying it because now they will be afraid that the price goes to zero.

KorakPawon

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Quote from: iTradeBit on November 16, 2018, 08:45:08 AM

Friends, analysts fear the further and largest decline in Bitcoin. Can it reach the mark below 5000, what do you think?

I actually don't think too much about it. Logically, when the price drop, it's time to buy a lot coins to be invested and wait for some moment to welcoming the big hit of high price since people are looking for profits right? The dropping price recently is still common and it's normal. It won't hit below 5000 I guess, it's end of the year and I don't think it will even getting worse. I can't guarantee it, I just think positively about bitcoin.

kavabanga07

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Another good drop for btcusd. I see a good dynamical and static supports on 3200 and 2980. I'll try to buy now and place a buy limit on 3K. Let's see if it works.

BitFinnese

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Quote from: M.C.V. on November 24, 2018, 12:16:44 PM

Quote from: jubalix on November 24, 2018, 03:50:13 AM

hmm 2K? would seem about right for a low..... maybe 1800$

That low. Wow. I don't think so... that would make a lot of people mad

And at the same time a lot of people happy.

There is always 2 side of the coin. One getting mad (holder) and the other one is happy (buyer). Well, at least this event will open a window for another batch of investors. Many investors had been waiting to buy bitcoin at a discounted price. And atm there is a huge discount (in reference to ATH). People say that Bitcoin is so overvalued but I guess they just say it to spread more FUD to Bitcoin. They wanted holders to drop their belief on Bitcoin great value, instead, they wanted us to think that bitcoin is useless as if it cost nothing but they are accumulating in secret. It is a mind game, wait and you will see.

M.C.V.

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Quote from: jubalix on November 24, 2018, 03:50:13 AM

hmm 2K? would seem about right for a low..... maybe 1800$

That low. Wow. I don't think so... that would make a lot of people mad

jubalix

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hmm 2K? would seem about right for a low..... maybe 1800$

bitbunnny

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I don't know what do you consider to be big drop.
This time price droped quite in relatively short period of time so we can say that it's more than just correction. But I don't think it's a reason to panic but good opportunity for buying more Bitcoins and if you can, do so. And I don't think that even bigger drop will come.

St4yInTh3D4rk

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The price of bitcoin already dropped nearly about $2000 in the last week so which is the big drop everyone looking for? Then buy more bitcoins as much as you can and lets bring the bull run to the market.

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