What the Effing Hell is Going On!?!?! - page 6.

rdluffy

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Quote from: LeGaulois on July 01, 2019, 02:00:27 PM

CBOE announcing delisting Bitcoin Futures on Saturday is enough to make Bitcoin crashes by $3000 Roll Eyes

I expected a correction anyway, but after Bitcoin touched the $13,000 I didn't expect such a correction, rather something like $1k-$1.5k. There's also news about 500 million sold on Bitmex (or something like that) maybe it's tied too.

3000 USD? I don't think so, at this price I would sell my car and all my stuff to buy BTC Grin

I was expecting a correction at 10k, but BTC reached 13.8k, so the correction will be bigger, but in my opinion will drop to something like 8,6k, nothing less

Pipdips

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Quote from: exstasie on July 01, 2019, 03:23:46 PM

I was really hoping for a push into the $9,000s. Cool

I would like to see 9 too. If buying at 9 I would gain back my losses faster at that price. But I sense the price is going down to 8.

Truthfully I was overextended and needed the money in my bank account but who knows.

exstasie

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Quote from: Pipdips on July 01, 2019, 03:06:01 PM

i just sold all my purchase for $13,600 at $10,270 taking the loss. I think we are in for a big drop. I will buy back at a lower price

Uh oh. Did we just see capitulation? I was really hoping for a push into the $9,000s. Cool

Quote from: LeGaulois on July 01, 2019, 02:00:27 PM

CBOE announcing delisting Bitcoin Futures on Saturday is enough to make Bitcoin crashes by $3000 Roll Eyes

I don't think the CBOE had anything to do with it. They announced in March they would stop listing new XBT contracts so it was essentially old news already.

Pipdips

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i just sold all my purchase for $13,600 at $10,270 taking the loss. I think we are in for a big drop. I will buy back at a lower price

Shaky. Making mistakes right now probably. Next I plan to convert all my BTC to USDC. I am out for now.

All the good news out there is not lining up with the price right now. I do not like it.

LeGaulois

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CBOE announcing delisting Bitcoin Futures on Saturday is enough to make Bitcoin crashes by $3000 Roll Eyes

I expected a correction anyway, but after Bitcoin touched the $13,000 I didn't expect such a correction, rather something like $1k-$1.5k. There's also news about 500 million sold on Bitmex (or something like that) maybe it's tied too.

figmentofmyass

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Quote from: Pipdips on July 01, 2019, 10:37:32 AM

You people do not watch the charts? You a blind? There are bearish red candles all over the place.

Shaking in my boots.

you only feel that way because you bought the top. it's okay---happens to the best of us! but that's exactly the sort of emotional response buying before a big correction elicits. it's a classic shakeout mentality. the market is trying to shake you out.

if you zoom out to higher time frames, these red candles are pretty small in magnitude. the uptrend is intact. in % terms this is not so far beyond the downside we saw in the may correction. and we should have expected a large correction too, since this last leg up was huge. nearly a doubling in price, 85% off the $7500 low.

eaLiTy

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Have Fun )@@( Stay Safe

Quote from: Pipdips on June 27, 2019, 12:42:25 PM

It's down to $10,900. It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

The market had a crazy ride for a while and it broke all resistance for over a month and now we are consolidating and we are seeing a small correction, never expect the market to rally all the time, you made your decision to enter when the price was riding which is always a bad idea, there is nothing to regret as the market will recover again, just be patient and look for the market in the long term rather than panicking, we all expect that the market will touch another all time high valuation after halving Wink

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legendster

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Quote from: target on July 01, 2019, 10:52:35 AM

If the chart fooled you twice then shame on you

It must be disappointing for those who bought at $12K most are aiming to dump at $13k lol It stick for about 2 days on $12k. Christ the buy and sell orders are just meant to increase its price.

I did sold some of my altcoins and hold for usdt for now, it its going to dip down to $8k I'd buy back now just the coins I sold but some BTC. I lost about $300 for being late to dump though but I guess I can ignore it now that I can am gaining few.

No point in laughing at someone for their mistakes. On the hindsight when BTC crosses this year's ATH, this correction, no matter how low it sinks, will not matter.

arpon11

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Quote from: Pipdips on June 27, 2019, 12:42:25 PM

It's down to $10,900. It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

The buying strength is weak and that is the reason why the market behaves that way. You bought at the wrong price based on the current bull market. Many investors are getting disappointed most time because of buying when professionals are selling and selling when professionals are buying. If you can be patient enough there is no way you are not going to recover when the next bull started again. For now, the buying sentiment is low and trades are taking the advantage to sell and buy low again. As at this moment bitcoin even went below $10,100 and it might still go down further.

Reid

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He got caught from the fake pump. Grin

I have seen this went down for like just hours that I went away and used my smartphone as means of looking at the candlestick.
at 7/26 it was almost 13k USD and then fell at 7/27 until 11k USD.
Yes it hurts for you were like getting your hopes high and then fear of missing out added up.
Bought at the price which is so high and then cannot have the ROI.

It is a volatile market so do not worry. You are just being impatient by now and you need to control it.

target

legendary

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If the chart fooled you twice then shame on you

It must be disappointing for those who bought at $12K most are aiming to dump at $13k lol It stick for about 2 days on $12k. Christ the buy and sell orders are just meant to increase its price.

I did sold some of my altcoins and hold for usdt for now, it its going to dip down to $8k I'd buy back now just the coins I sold but some BTC. I lost about $300 for being late to dump though but I guess I can ignore it now that I can am gaining few.

Pipdips

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You people do not watch the charts? You a blind? There are bearish red candles all over the place.

Shaking in my boots.

figmentofmyass

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Quote from: Pipdips on June 30, 2019, 06:16:52 PM

Currently it is at $10,939 with a short graveyard doji now on the 3 year chart.

Pain. Suffering. Not this again...

you mean the 3-day chart?

it's not a pretty candle but at least gravestone dojis indicate strong buying pressure within the body of the candle. buying pressure is still present; we may just need some more consolidation to work through the profit taking and over-leveraged long liquidations.

right now, i could honestly see good cases being made for both bull and bear scenarios. i'm personally hoping for a dip into the $9000s before buying back but i'm starting to lose hope we'll get there. it's funny how two people on opposite sides of the market can both be in pain at the same time. that's how markets are i guess!

STT

legendary

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^^ Post this graveyard doji for me and others less educated on such things please or give me a link and I'll post a picture of it. 3years is a really long time and distance to be measuring matters now, a moving average would at least include many different prices in its level.

Pipdips

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Currently it is at $10,939 with a short graveyard doji now on the 3 year chart.

Pain. Suffering. Not this again...

Or maybe I will buy more tomorrow if it goes down further. But i cant. Already overextended.

BitHodler

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Quote from: FanEagle on June 30, 2019, 01:05:40 AM

If it went down to 10.9k then it went down even more I would be scared too but after it went down it skyrocketed back up so we have nothing to fear.

The range is getting tighter and tighter, and with that said, we wicked below $10.9k for a moment today. I personally think the range between $10-$10.3k holds more importance, but we're not there yet (for now).

The thing with testing the same support levels is that they tend to get weaker after every touch, just like the spikes up do by forming lower highs. There is however nothing to be afraid of. People wanted a correction, so here it is.

People just need to accept that the price going down as hard as it went up is normal for Bitcoin. Stop being so shortsighted and learn how to benefit from shorts if you worry so much about short term fluctuations.

FanEagle

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I think it will be fine, we have dropped to 10.900 at bottom but now we are over 11.8k once again which means as you can see bitcoin is not going to die, its not going down, it went down a bit but afterwards it went up again, which means its not continuing to go down.

If it went down to 10.9k then it went down even more I would be scared too but after it went down it skyrocketed back up so we have nothing to fear. Check out the prices of bitcoin every single day when you wake up, if it looks more than what it was the day before then it is doing fine, every single morning you wake up the price keeps going higher and higher. That is why I wholeheartedly think that bitcoin is just fine, corrections do happen and it should, as long as we do not keep going down we will be fine.

pooya87

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Quote from: thecodebear on June 27, 2019, 08:17:11 PM

Why is the OP freaking out about a correction? Did he not expect a correction after a parabolic move (topping off with 20% in one day!)??

A correction back to $10k was pretty obvious.

topics like this are either made for trolling just because they saw the drop, or they are made by absolute beginners who thought bitcoin price must only go up without ever have any kind of correction! that is why a lot of them are created each time price makes a big move...

Quote from: brokedummy on June 28, 2019, 06:21:50 PM

I think what's going on is the start of a speculative bubble the likes of which we've all seen a handful of times

... the bubble that will shape up at least a year from now.

brokedummy

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I think what's going on is the start of a speculative bubble the likes of which we've all seen a handful of times

Pursuer

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Where is my ring of blades...

the "effing hell" that is going on is a big ass rally that has kick started the bull market this year and has been going on for a couple of months already. your problem is that you were asleep all this time or probably fooled by the FUD that were telling you to wait for the price to go down to $1000, then you waited for it to happen but since it never did you panic bought way too late when bitcoin was starting to get reach for a correction. now you are stuck and confused.

now instead of panicking you should start looking at the mistakes you have made over the past 6 months instead of only focusing on the past 3 days. that way you may learn something and be more successful over the coming years where the same thing repeats over and over.

Topic: What the Effing Hell is Going On!?!?! - page 6. (Read 1589 times)