why Bitcoin sudden dump, when it will bounce again... - page 2.

BitHodler

legendary

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Quote from: Slow death on July 26, 2019, 01:06:53 PM

If the price does not increase much in the coming days, I speak of rising above $ 11000, so we should be prepared to see the price of $ 7000 again.

If the current trend is continuing and every attempt to reach higher fails, which so far seems to be the case, the best short term scenario will be a near $11k wick, but I'm pretty sure it will be sold down within a day or two.

I have seen some theories where people see a major bull flag play out as we speak, but similarly, I can draw a descending triangle that's playing out as we speak to counter that.

Quote from: Slow death on July 26, 2019, 01:06:53 PM

People like Anthony Pompliano remain very optimistic:

ECB Money Printing Is ‘Rocket Fuel’ for Bitcoin Price, Says Pompliano

But honestly, I see the price falling in the coming days

I like Pomp's enthusiasm, but he is a non-stop perma bull who even during a bear market repeats his bullish statements. I prefer to take his statements with a grain of salt in order to not be biased and sucked into a bear market like a sheep.

I was very conservative before we broke the $6000 mark last year and it helped me a lot in terms of not being upset about how the market has taken such a massive dump. Instead, I used it as an opportunity to buy cheap coins.

Slow death

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Quote from: Questat on July 25, 2019, 01:04:19 AM

There was a dump, we saw it, bitcoin fall below $10,000 but that's just at least for a day or two, and good news is we are back up again, stable at $10,000.

the situation is not the best:

If the price does not increase much in the coming days, I speak of rising above $ 11000, so we should be prepared to see the price of $ 7000 again. People like Anthony Pompliano remain very optimistic:

ECB Money Printing Is ‘Rocket Fuel’ for Bitcoin Price, Says Pompliano

But honestly, I see the price falling in the coming days

iMark

sr. member

Activity: 1162

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Quote from: pooya87 on July 25, 2019, 12:11:24 AM

Quote from: exstasie on July 22, 2019, 02:14:30 PM

Very trolly price action, with breakouts failing in both directions. I'm not too confident in any outcome at the moment, which means this is a no-trade zone. Time to sit back and wait for something obvious. I'm looking for a break above the $10,700 area or a break below $10,100. The structure is kind of drippy and the larger trend is down so I'm 60/40 bearish:

exactly! at times like this the best thing anybody can do is to simply stay out of the market until a breakout starts and bitcoin takes a clear direction and sticks to it. for the time being this is a sideways market with 100% unpredictable directions in a tight channel.
i wouldn't call it bearish though, we are still in the bull market but only taking a little pause and pull back which is also scaring people away for the time being.

Sometimes waiting is the right thing if the market conditions do not allow you to trade, when prices are stable with a small margin of movement, and you still have no idea where prices will go up or down, then waiting for a clear and obviious opportunity might be a good idea, better waiting for the opportunity to come rather than having to trade with a big risk behind.

YOSHIE

legendary

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Quote from: figmentofmyass on July 25, 2019, 03:50:16 AM

within a couple weeks, that means the $8000s.

just look at the time it arrives, what happens, for me not to think at the beginning of this year Btc to the level of $ 8000s. instead down.... Huh

Instead, I think BTC can go to the lowest to $ 6000 and go up to the level of $ 15000.
My advice is that you stay focused on strong principles and principles.

figmentofmyass

legendary

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Quote from: YOSHIE on July 25, 2019, 02:31:26 AM

I think for now it hasn't entered the category of headaches, meaning normal.
Anasila graph:

harmonic patterns aren't reliable until they've actually completed. it's not really a pattern at all until the XABCD has formed. i think that guy is just trying to fit the pattern so it hits his chosen support level. it's possible but i don't think it's likely. based on the 2016-17 bull market, i doubt we'll go much below the 20wma. within a couple weeks, that means the $8000s.

YOSHIE

legendary

Activity: 2128

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I think bitcoin is currently healthy in terms of prices in trade in every market,
But the circulation of prices for now tends to have to be vigilant of price movements, maybe it can go up and vice versa.
So conclusions in this month or this year, are pretty good for short-term trading, different from last March.

I think for now it hasn't entered the category of headaches, meaning normal.
Anasila graph:

Johnzky

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Quote from: Ambucrypto369 on July 16, 2019, 12:42:06 PM

Bitcoin facing another bear market suddenly...

Not because the price is falling it means we aren’t bull market again because that’s very frustrating in 0tt of readers

Quote

what would be the bottom price of btc, Is there is any technical analysis to find?

This is the effect of what Donald Trump says weeks ago and a domino effect as well

Quote

Why sudden dump happens to bitcoin. Due to this btc dump is there is any possibilities to see hyip in Alt coins.

Is bitcoin bounce again?

Bitcoin will surely bounce back,we have been in too many falling but this great coin continue to recover even sometimes it took long before happening

imstillthebest

full member

Activity: 1638

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Quote from: Questat on July 25, 2019, 01:04:19 AM

There's no bear market, this is more like a correction, market is not going back to the old bear market yet,

before bitcoin was already on the 10k usd levels then the btc value jump from 11kusd up to 18kusd and higher but now we are back again at the 10kusd level . thats what you call a bear market but i think it can also be considered as a correction .

Quote

Re: why Bitcoin sudden dump, when it will bounce again...

bitcoin sudden dump is caused by several reasons . that is manipulation , people solds thier coins , correction ? , and many more .
to the question when it will bounce again ? well idk and we dont know but you can ask those big whales and other people if when is the time that they'l be buying again .

Questat

hero member

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There's no bear market, this is more like a correction, market is not going back to the old bear market yet, it has to recover first and probably reach a new ATH before it will be back with long correction again.

There was a dump, we saw it, bitcoin fall below $10,000 but that's just at least for a day or two, and good news is we are back up again, stable at $10,000.

pooya87

legendary

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Quote from: exstasie on July 22, 2019, 02:14:30 PM

Very trolly price action, with breakouts failing in both directions. I'm not too confident in any outcome at the moment, which means this is a no-trade zone. Time to sit back and wait for something obvious. I'm looking for a break above the $10,700 area or a break below $10,100. The structure is kind of drippy and the larger trend is down so I'm 60/40 bearish:

exactly! at times like this the best thing anybody can do is to simply stay out of the market until a breakout starts and bitcoin takes a clear direction and sticks to it. for the time being this is a sideways market with 100% unpredictable directions in a tight channel.
i wouldn't call it bearish though, we are still in the bull market but only taking a little pause and pull back which is also scaring people away for the time being.

SirLancelot

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Leading Crypto Sports Betting & Casino Platform

I think the sudden dump was due to the fact that we have gone up so much that people actually wanted to cash out their profits, if they could cash out their profits then they would profit and since the price was super low just couple months ago there was a lot of people who bought from those cheap prices and wanted to sell for double and even triple of their profits which caused the price to plummet.

In order to go back up we need to have people who are willing to buy from this price again and that is the easy task because people always buy bitcoins but also we need to have people who do not want to sell at these prices and that is the tough task, if we can convince the sellers to stop then it will bounce back up again, how we will do that is a mystery because if knew it then we would do it constantly and increase the price to 100k+ already.

South Park

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Quote from: Ambucrypto369 on July 16, 2019, 12:42:06 PM

Bitcoin facing another bear market suddenly...what would be the bottom price of btc, Is there is any technical analysis to find?

Why sudden dump happens to bitcoin. Due to this btc dump is there is any possibilities to see hyip in Alt coins.

Is bitcoin bounce again?

No one can tell you precisely what the bottom will be but since markets have a tendency to move in extreme ways I think the bottom could be close to 5k only to reach a more stable price between 6k and 8k, the dump is happening because many people have been expecting for the price of bitcoin to recover and as soon as it reached their set target they began to sell, this has also caused panic among some investors and they did the same, so the bears have taken control of the market and I do not see them losing control of it for some time.

exstasie

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Very trolly price action, with breakouts failing in both directions. I'm not too confident in any outcome at the moment, which means this is a no-trade zone. Time to sit back and wait for something obvious. I'm looking for a break above the $10,700 area or a break below $10,100. The structure is kind of drippy and the larger trend is down so I'm 60/40 bearish:

STT

legendary

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Quote from: Wilhelm on July 18, 2019, 02:30:31 PM

So Facebook is about to ruin crypto Cry

I'm not exactly going to disagree but a basic principle would be good currency is not diminished by the existence and current power bad currency might have. Every product has to justify itself, find a way to do so in order to be valid. Seems like the fight will go on for people to retain actual ownership of their own assets without forfeiting control to central bodies and ultimately debasement.

Price rises well but is on a ceiling with 8 day average. Seems an ok place to take a stance, observe the direction for significance we find from here. Close on a 4hr bar is confirmation I want to see if we get past blue line

actmyname

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Spear the bees

Quote from: harizen on July 18, 2019, 06:59:39 PM

Bear market? No. People just used to see BTC nowadays going up.

People use terminology as they see fit.
Consecutive green: "bull market! moon! hodl!"
Consecutive red: "bear market! crash! gtfo!"

Quote from: harizen on July 18, 2019, 06:59:39 PM

But you know don't think of it too much. We need this price dip to make rooms for another buy and to strengthen the foundation around given support established at a lower level.

Get it out of the way so we can finally see the fireworks.

fullhdpixel

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Nobody really knows the exact time when it can actually go up again, however the reality is we can at least hope for bitcoin going up in the near future not so far from now.

If the price goes back up and reaches to 15k in the next month than we can assume it will even go higher than that and reach 20k+ soon, however if it doesn't do that than the sad reality is we are in a stagnant market again not moving too much, we do have a volatility here in 10k-13k range and so forth but as long as it doesn't go any lower or any higher than it doesn't really worth anything to any of us. Of course it could also do sudden moves and prove us wrong but until that happens it would mean price is stuck once again. I don't like it when its stuck because the range gets closer and closer than does something super sudden that I am not prepared for.

harizen

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Quote from: Ambucrypto369 on July 16, 2019, 12:42:06 PM

Bitcoin facing another bear market suddenly...what would be the bottom price of btc, Is there is any technical analysis to find?

Bear market? No. People just used to see BTC nowadays going up.

What would be the bottom? Who knows? As far as most TA's are a concern, we already have established support at $9,000+. If that will be breached next support will be $7,500 to $,8000. Then etc.

But you know don't think of it too much. We need this price dip to make rooms for another buy and to strengthen the foundation around given support established at a lower level. It's way more interesting to see first if the price bottom for a long period will be at above $10,000 and much higher. So if ever a big and hard pump will happen again, we can expect that we will end up at 5 digits as a bottom.

You should take advantage of this too.

exstasie

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Quote from: Wilhelm on July 18, 2019, 02:30:31 PM

So Facebook is about to ruin crypto Cry

Sort of. It seems like a perfect storm.....Libra, the massive hype around Bitcoin/crypto, the FATF travel rule. Each bubble always triggers new Congressional hearings, talk of new crypto regulations, etc. The FATF was talking about clamping down on exchanges many months (or even years) ago, long before rumors about Libra even emerged.

Now, between the recent hype around Bitcoin/crypto and Facebook's billion-strong network, there conveniently exists an "urgent need" to pass the FATF's rules.

Wilhelm

legendary

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Quote from: figmentofmyass on July 18, 2019, 01:56:44 PM

Quote from: JimboToronto on July 18, 2019, 08:48:53 AM

Quote from: cryptokwuk on July 17, 2019, 05:56:10 PM

Libra is what people want, not Bitcoin.

Lawl.

Which people? Kwukkie and Zukkie?

Governments all around the world are leery of Libra and they can actually do something about it.

They can't do squat about Bitcoin and they know it.

No contest. Try again.

they can use libra as an excuse to apply onerous regulations to bitcoin---clamping down on exchanges and p2p trading, for example. that would certainly be an unfortunate byproduct. and it seems to be what's happening. it's almost like a conspiracy to exploit the public's current animus towards facebook to shove harsh regulations down our throat.

So Facebook is about to ruin crypto Cry

figmentofmyass

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Quote from: JimboToronto on July 18, 2019, 08:48:53 AM

Quote from: cryptokwuk on July 17, 2019, 05:56:10 PM

Libra is what people want, not Bitcoin.

Lawl.

Which people? Kwukkie and Zukkie?

Governments all around the world are leery of Libra and they can actually do something about it.

They can't do squat about Bitcoin and they know it.

No contest. Try again.

they can use libra as an excuse to apply onerous regulations to bitcoin---clamping down on exchanges and p2p trading, for example. that would certainly be an unfortunate byproduct. and it seems to be what's happening. it's almost like a conspiracy to exploit the public's current animus towards facebook to shove harsh regulations down our throat.

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