The DEATH CROSS is in. How low will we go?

DPoS2

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Quote from: Denker on March 30, 2018, 04:14:33 AM

Quote from: Idrisu on March 30, 2018, 04:01:20 AM

Mtgox are the one dumping their coins and I see this as an attack on crypto currencies market. Last time that we have serious dump like this the governments was behind it and now that most of the regulations issues are over we have started see Mtgox dumping bitcoin at a very cheap prices.

The trustee already sold huge amounts of BTC and until september, when a decision will be made if more BTC needs to be sold, no more BTC is going to reach the market. Furthermore the Mt. Gox BTC adresses are know now and many eyes are on them.
So it's not the Mt. Gox trustee behind the actual decline!
What about accepting that we are in a obviously strong bear market. Two years in a row bulls had a lot of fun and where partying. Now it's the bear's time.

And just to give my prediction how low we could go. 5k is on the table. And with more fear, uncertainty and weakness in the market, hell even 3k could be a possible low target for the bears.
Just have a look on the weekly chart and spot the gaps.

It is worse that Mt Gox hasn't sold ALL their coins.. With them still having plenty it is a cloud over all buyers.. why would anyone want to ramp up into their next dump?

Perhaps they should dump the rest into the next Tether bomb and blow up both bad situations together

dado7

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Quote from: parobber on March 28, 2018, 01:29:15 PM

Yeah, I checked it out myself in the end because I was too impatient to wait for a response. a 50% accuracy rate isn't all that great for people to be putting so much faith in to it as a predictor.

$3k-$4k would be in line with the 2014 dip in terms of a percentage fall. In that scenario it took just over a year from top to bottom and a further 2 years to recover. I don't think we'll experience such a long downturn again but if we do it's going to get very painful for many.

Yeah, my thoughts exactly - the only thing pretty much predictable about Bitcoin is that it seems to show a pattern - a same behavior through the year, through different years.
However, although I noticed that I was too lazy to check the figures. Thank you for doing the work parrober!

Siren

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Quote from: Loveboard on March 21, 2018, 06:29:05 PM

Quote from: creeps on March 21, 2018, 06:25:46 PM

We can't say yet but if bitcoin backs to $7k level I think it will crash again up to $6k. I see no more bad news about cryptocurrency aside from banning the advertisements in fact a lot of good news during G20 summit but yeah, it looks like its not able to break the resistance. We can wait for more weeks and I believe it can finally break that wall and go even higher.

Lol, I have a feeling if bitcointalk started banning ads we'd see even more of a price crash. BTT is where crypto was born and this is still the first place people go to advertise ICOs.

what comes to you that bitcointalk will banned ads?are you ok saying that?this is bitcoin community,and together with altcoins so why would this ban its own advertisements?lol some kind of joke!!!bitcoin talk is not fool to take the rights of its own members to advertise in their own community.

But regarding to the OPs topic this is a common situation for cryptocurrency that experienced a dip,and only weak hands are being affected of this,but us?i assure you nothings bothering us.

Kemarit

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Quote from: Denker on March 30, 2018, 04:14:33 AM

Quote from: Idrisu on March 30, 2018, 04:01:20 AM

Mtgox are the one dumping their coins and I see this as an attack on crypto currencies market. Last time that we have serious dump like this the governments was behind it and now that most of the regulations issues are over we have started see Mtgox dumping bitcoin at a very cheap prices.

The trustee already sold huge amounts of BTC and until september, when a decision will be made if more BTC needs to be sold, no more BTC is going to reach the market. Furthermore the Mt. Gox BTC adresses are know now and many eyes are on them.
So it's not the Mt. Gox trustee behind the actual decline!
What about accepting that we are in a obviously strong bear market. Two years in a row bulls had a lot of fun and where partying. Now it's the bear's time.

Oh well, the bears is really taking the market for the first 3 months of this year, and there's no clear site as to when and why are we going to bounce. But we have to take note that its not only bitcoin that is taking so much beating here, the whole crypto market is, so yeah, bears is all over. But as we can't go parabolic for a long time, I don't think that the bears can keep this up. The bulls may be just all around scattered, but we all know that once the herd consolidates, then expect a massive bull run.

Quote from: Denker on March 30, 2018, 04:14:33 AM

And just to give my prediction how low we could go. 5k is on the table. And with more fear, uncertainty and weakness in the market, hell even 3k could be a possible low target for the bears.
Just have a look on the weekly chart and spot the gaps.

Currently we are just a shade above $7000 and weekends is coming. We all know that there are "mini dumps" occurring in those days, so I might as well see the price going below $7000 in the next coming days. But let's put a positive spin out of it and see it as a bargain price to purchase bitcoin.

Denker

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Quote from: Idrisu on March 30, 2018, 04:01:20 AM

Mtgox are the one dumping their coins and I see this as an attack on crypto currencies market. Last time that we have serious dump like this the governments was behind it and now that most of the regulations issues are over we have started see Mtgox dumping bitcoin at a very cheap prices.

The trustee already sold huge amounts of BTC and until september, when a decision will be made if more BTC needs to be sold, no more BTC is going to reach the market. Furthermore the Mt. Gox BTC adresses are know now and many eyes are on them.
So it's not the Mt. Gox trustee behind the actual decline!
What about accepting that we are in a obviously strong bear market. Two years in a row bulls had a lot of fun and where partying. Now it's the bear's time.

And just to give my prediction how low we could go. 5k is on the table. And with more fear, uncertainty and weakness in the market, hell even 3k could be a possible low target for the bears.
Just have a look on the weekly chart and spot the gaps.

Idrisu

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Mtgox are the one dumping their coins and I see this as an attack on crypto currencies market. Last time that we have serious dump like this the governments was behind it and now that most of the regulations issues are over we have started see Mtgox dumping bitcoin at a very cheap prices.

parobber

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Quote from: exstasie on March 28, 2018, 01:37:59 AM

Quote from: parobber on March 26, 2018, 11:42:01 AM

If I'm not mistaken the death cross is used as a signal in more traditional financial markets like stocks and is a fairly accurate signal but has it ever happened before in crypto that the cross has formed and what was the result of this if it did happen?

Of course it's happened. Bitcoin has been trading on exchanges for 8+ years now. There was a death cross on the 1-day chart in early 2014, but it was actually a bad signal. It happened near a market bottom before a 2-month bull trap. The next death cross in September held for almost a year, though.

I don't know why people make these big distinctions between traditional markets like stocks and Bitcoin. Markets act like markets, no matter the asset.

Quote from: dado7 on March 27, 2018, 07:25:25 AM

The real question here is - how low is enough for serious investors to start buying massively and hence giving a green signal to everybody else? Wink

Is it a matter of timing or just price? This experience shows us how centralized cryptos actually are.

$3,000-4,000. But it's more a matter of time than price.

Yeah, I checked it out myself in the end because I was too impatient to wait for a response. a 50% accuracy rate isn't all that great for people to be putting so much faith in to it as a predictor.

$3k-$4k would be in line with the 2014 dip in terms of a percentage fall. In that scenario it took just over a year from top to bottom and a further 2 years to recover. I don't think we'll experience such a long downturn again but if we do it's going to get very painful for many.

dado7

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Quote from: exstasie on March 28, 2018, 01:37:59 AM

Quote from: dado7 on March 27, 2018, 07:25:25 AM

The real question here is - how low is enough for serious investors to start buying massively and hence giving a green signal to everybody else? Wink

Is it a matter of timing or just price? This experience shows us how centralized cryptos actually are.

$3,000-4,000. But it's more a matter of time than price.

You think? All right. Seems valid. Where do you expect it to bounce after that?

exstasie

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Quote from: parobber on March 26, 2018, 11:42:01 AM

If I'm not mistaken the death cross is used as a signal in more traditional financial markets like stocks and is a fairly accurate signal but has it ever happened before in crypto that the cross has formed and what was the result of this if it did happen?

Of course it's happened. Bitcoin has been trading on exchanges for 8+ years now. There was a death cross on the 1-day chart in early 2014, but it was actually a bad signal. It happened near a market bottom before a 2-month bull trap. The next death cross in September held for almost a year, though.

I don't know why people make these big distinctions between traditional markets like stocks and Bitcoin. Markets act like markets, no matter the asset.

Quote from: dado7 on March 27, 2018, 07:25:25 AM

The real question here is - how low is enough for serious investors to start buying massively and hence giving a green signal to everybody else? Wink

Is it a matter of timing or just price? This experience shows us how centralized cryptos actually are.

$3,000-4,000. But it's more a matter of time than price.

Xardasim

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So the current cross of moving averages reminds me about the downside power of the cryptocurrencies. Lets analysis the market and check relations between different financial tools. The whole financial markets currently turned to next cycle which bears have consistence.
Bitcoin is worst more than 40% of marketcap and this death cross on price will result more panic selling on cryptocurrencies.

DonQuijote

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hangover, bitcoin needs time to rest the last pump

dado7

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The real question here is - how low is enough for serious investors to start buying massively and hence giving a green signal to everybody else? Wink

Is it a matter of timing or just price? This experience shows us how centralized cryptos actually are.

parobber

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Quote from: cryptokwuk on March 26, 2018, 03:37:35 PM

Quote from: parobber on March 26, 2018, 11:42:01 AM

If I'm not mistaken the death cross is used as a signal in more traditional financial markets like stocks and is a fairly accurate signal but has it ever happened before in crypto that the cross has formed and what was the result of this if it did happen?

I think it's pretty clear by now what this signal means.
LOL.

Nothing is clear, that's why it is called a signal. Nothing will become clear until it has actually unfolded. I also did not question what it is meant to signal, I am fully aware of that.

Quote from: ophyrim on March 26, 2018, 04:32:12 PM

Sorry my friend but you are wrong. Many technical analysts use the golden cross and the death cross as a buy/sell signal for bitcoin and even for ether.
Please look at the name you will understand what does it means.

I understand very well what it means. I know many are using it for bitcoin, but it has not happened yet so how can they know if it will be transitive. It is used far more frequently in stock markets and has shown success as a signal but we do not know yet if it will be transitive to bitcoin. That is why I was asking if it had happened previously. In the end I looked myself, turns out it's happened in 2014 and 2015, in 2014 it was as part of the large crash which many fear this one is mirroring and would suggest we still are going to fall at least a further 50%. In 2015 it was followed by a return to increasing prices for a period and barely signaled anything.

raidarksword

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Just don't let the hype get you, it's just normal as bitcoin price go up and down, maybe it a bit low now but let put trust bitcoin like we were used to do. I still believe that bitcoin can recover to its normal price sooner or later, we just have to hold like we used to do.

Harlot

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Quote from: Lampaster on March 26, 2018, 01:03:50 PM

I'm not worried about the future. Bitcoin is a very good idea. She can't go anywhere. Now many potential investors are ready to buy bitcoin but they are afraid that bitcoin will never become a currency and will forever remain a speculative asset. Without bitcoin upgrades, we should not expect price increases. To increase prices, you need to forget about the legalization of bitcoin and Fiat.

I don't think an investor has a concern for Bitcoin being a legal currency but one of its main concern is the price itself. A lot of people who have entered in the cryptocurrency market are newbies and all of them don't have any trading plan and don't know what to do with it. The price movement we are seeing now is the bears dominating the market as everyone is pressured selling their cryptocurrencies in anticipating for a price drop which can occur and all of them are helping it to go down more.

mriansa

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Quote from: cryptokwuk on March 21, 2018, 06:14:02 PM

We failed to close above the 200 day and we just got a very bad death cross, both signalling an upcoming hard sell.
We'll see $6000 real soon and i think we'll drop much lower even.

Thoughts? Why has bitcoin failed again to recover? MtGox? Governments? Criminals selling off?

anyway if i get stuck in a very high coin price then i will still keep my coin because if i sell it then surely i will get a lot of losses, i keep confident that the price will surely rise if this goes down this seems only price correction only and still can go back up, patience is very important and highly tested when faced with problems like this.

greensheep

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Quote from: lumeire on March 27, 2018, 01:57:26 AM

Quote from: ophyrim on March 26, 2018, 04:32:12 PM

Quote from: parobber on March 26, 2018, 11:42:01 AM

If I'm not mistaken the death cross is used as a signal in more traditional financial markets like stocks and is a fairly accurate signal but has it ever happened before in crypto that the cross has formed and what was the result of this if it did happen?

Sorry my friend but you are wrong. Many technical analysts use the golden cross and the death cross as a buy/sell signal for bitcoin and even for ether.
Please look at the name you will understand what does it means.

It does mean we're gonna have a somewhat extended bear market. We might even see sub $4000s / BTC in a few weeks with this downward momentum.

This could be, but anybody who was willing to sell should have already , didn't they?l
To me it seems like the hype was not into a stage of delirium yet....
7.8-7.9 seems to hold untill now.
Curious how this is going to turn out, if it should revert, next time it won't

lumeire

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Quote from: ophyrim on March 26, 2018, 04:32:12 PM

Quote from: parobber on March 26, 2018, 11:42:01 AM

If I'm not mistaken the death cross is used as a signal in more traditional financial markets like stocks and is a fairly accurate signal but has it ever happened before in crypto that the cross has formed and what was the result of this if it did happen?

Sorry my friend but you are wrong. Many technical analysts use the golden cross and the death cross as a buy/sell signal for bitcoin and even for ether.
Please look at the name you will understand what does it means.

It does mean we're gonna have a somewhat extended bear market. We might even see sub $4000s / BTC in a few weeks with this downward momentum.

ophyrim

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Quote from: parobber on March 26, 2018, 11:42:01 AM

If I'm not mistaken the death cross is used as a signal in more traditional financial markets like stocks and is a fairly accurate signal but has it ever happened before in crypto that the cross has formed and what was the result of this if it did happen?

Sorry my friend but you are wrong. Many technical analysts use the golden cross and the death cross as a buy/sell signal for bitcoin and even for ether.
Please look at the name you will understand what does it means.

aso118

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Quote from: followmenot on March 24, 2018, 02:13:03 PM

I think we guys shouldn't let mathematics to fool us. Bitcoin is returning to sane levels and consolidating. Its not losing confidence or trust. Every pther price drop gives us good entry point so I am waiting like 'hunter' to accumulate more bitcoin.

It took only a couple of days for the trend to totally reverse and for Bitcoin to go below $8,000. We do seem to be at an inflection point - it is very much possible that we drift lower towards $6,000 as predicted by the 'death cross'. If we do consolidate at this stage, it could be a nice spring board for the next bull rally.

Topic: The DEATH CROSS is in. How low will we go? (Read 690 times)