Topic: Will BTC on correction mode after reaching USD1784.71? (Read 1547 times)
BTC all time high
Is not a correction but rather trending higher back to $4K
From USD1784.71 high, it's now trading at USD1699.83 due to massive buy in Japan and legalization of BTC in Aussie.
After this news, and if the support cannot hold, I'm looking at a 23% retracement back to USD1374.23?
Caveat!
Link: https://coinmarketcap.com/currencies/bitcoin/
Share your thoughts here.
I hope it does but the price seems to be increasing still, there does not seem anything that can stop bitcoin at the moment, it is incredible that we seem to have lost the ability to buy bitcoin for less than a 1000 and after a few weeks it may be possible we will never be able to buy bitcoin for less than 2000. After this news, and if the support cannot hold, I'm looking at a 23% retracement back to USD1374.23?
Caveat!
Link: https://coinmarketcap.com/currencies/bitcoin/
Share your thoughts here.
How low will it corrrect?
Probably as low as near $2000
How low will it corrrect?
iam hear 15th may SEC announcement about ETF proposal
i think if SEC rejected again, big bitcoin user can playing price with dump, so if SEC rejected bitcoin price can down under 1500 dollar/bitcoin
i think if SEC rejected again, big bitcoin user can playing price with dump, so if SEC rejected bitcoin price can down under 1500 dollar/bitcoin
i don't think it will be big this time. we have already seen the correction, and this time the news about ETF hasn't been the topic at all, nobody was even talking about it. and surely everyone knows the chances of approval is still as small as it was the first time.
I agree. The decision by the SEC had been made and nothing substantial is different compared to march.
Bitcoin still can not be controlled and hopefully never will be.
That's why we all know another rejection will be announced and therefore I do not expect anything big to happen in terms of the market price. Maybe a short dip which will be used the smart ones on the sideline sitting and waiting to buy even more coins.
At first that was my expectations all about but in reality, it was just a smooth drops and then it goes back again rising to over $1700. Just like what I've replied from last previous quotes last week that now is the better time to invest because the assurance is already here and we see the actual signs based on how bitcoin price really performed in the market. The correction been made was a definite proof on how bitcoin is really been improving in such ways people are now adopting it globally, and behind all the campaigns specially social media and bitcoin related adds; this is now happening eventually.
iam hear 15th may SEC announcement about ETF proposal
i think if SEC rejected again, big bitcoin user can playing price with dump, so if SEC rejected bitcoin price can down under 1500 dollar/bitcoin
i think if SEC rejected again, big bitcoin user can playing price with dump, so if SEC rejected bitcoin price can down under 1500 dollar/bitcoin
i don't think it will be big this time. we have already seen the correction, and this time the news about ETF hasn't been the topic at all, nobody was even talking about it. and surely everyone knows the chances of approval is still as small as it was the first time.
I agree. The decision by the SEC had been made and nothing substantial is different compared to march.
Bitcoin still can not be controlled and hopefully never will be.
That's why we all know another rejection will be announced and therefore I do not expect anything big to happen in terms of the market price. Maybe a short dip which will be used the smart ones on the sideline sitting and waiting to buy even more coins.
Was hoping it'd reach USD2000 before retracting. Oh well, there's still the rest of the year to look forward to that
i was also hoping to see nearly 2k not exactly 2k, because 2k is the next mental barrier if we get above that we can shot higher, but it's hard to have a pump like this that is not manipulated and end in a big fall, better to have the buyers accumulate more at these price point and consolidate the value
OP's finoncci retracement may work in short term but usually technical aspects will not work until floods of investors rushing based on news and events. They will launch prices into some levels and after settling there, we can go for any kind of technical tools to predict after wards.
iam hear 15th may SEC announcement about ETF proposal
i think if SEC rejected again, big bitcoin user can playing price with dump, so if SEC rejected bitcoin price can down under 1500 dollar/bitcoin
i think if SEC rejected again, big bitcoin user can playing price with dump, so if SEC rejected bitcoin price can down under 1500 dollar/bitcoin
i don't think it will be big this time. we have already seen the correction, and this time the news about ETF hasn't been the topic at all, nobody was even talking about it. and surely everyone knows the chances of approval is still as small as it was the first time.
My thoughts on this matter, I believe a few big whales with serious funds in billions entered crypto after the news of Japan, they indeed pumped every thing which appeared legit and the code was worth the money.
Now if ETF passes the approval successfully we know those whales were from government or at least were in bed with them and if they reject it then they still made a wise decision to invest on the future of money Bitcoin and a few altcoins whether we like it or not.
One thing though, when weak hands dump price will go down as a consequence and that shouldn't be considered as a correction, with limited supply of Bitcoin we have no or very small room for such market maneuvers.
iam hear 15th may SEC announcement about ETF proposal
i think if SEC rejected again, big bitcoin user can playing price with dump, so if SEC rejected bitcoin price can down under 1500 dollar/bitcoin
i think if SEC rejected again, big bitcoin user can playing price with dump, so if SEC rejected bitcoin price can down under 1500 dollar/bitcoin
i don't think it will be big this time. we have already seen the correction, and this time the news about ETF hasn't been the topic at all, nobody was even talking about it. and surely everyone knows the chances of approval is still as small as it was the first time.
From USD1784.71 high, it's now trading at USD1699.83 due to massive buy in Japan and legalization of BTC in Aussie.
After this news, and if the support cannot hold, I'm looking at a 23% retracement back to USD1374.23?
Caveat!
Link: https://coinmarketcap.com/currencies/bitcoin/
Share your thoughts here.
After this news, and if the support cannot hold, I'm looking at a 23% retracement back to USD1374.23?
Caveat!
Link: https://coinmarketcap.com/currencies/bitcoin/
Share your thoughts here.
Well seeing as the price is now $1784.10 it is only a checkpoint before it moves upwards again
1,784.10 1.37%
http://www.coindesk.com/price/
Within 61 cents of it reaching the OP's post and not a penny more I feel proud about that timing heh
First time hearing about Aussie, maybe Australia? don't worry mate it changes nothing if you're in it for utility and transfer of value.
Recently I've noticed that the difficulty of mining is not going down like it used to, in fact it is increasing with a fast rate.
I'm not going to lie as I sold my 2.42BTC @$1847 and waiting for $1400 to buy back but I didn't cash out my alts because I'm waiting to see their price's reaction to Bitcoin fluctuation.
Seriously mate who counts cents any more? $1784.71 I know a few cents has great impact but not with current trading volumes and supply.
Recently I've noticed that the difficulty of mining is not going down like it used to, in fact it is increasing with a fast rate.
I'm not going to lie as I sold my 2.42BTC @$1847 and waiting for $1400 to buy back but I didn't cash out my alts because I'm waiting to see their price's reaction to Bitcoin fluctuation.
Seriously mate who counts cents any more? $1784.71 I know a few cents has great impact but not with current trading volumes and supply.
This could be a worry of course for all of us. But I am still optimistic even if there is a decrease it will not be too big.
Bitcoin prices can still be controlled. Japan and aussie should have a positive impact on bitcoin in the world market.
Bitcoin prices can still be controlled. Japan and aussie should have a positive impact on bitcoin in the world market.
Was hoping it'd reach USD2000 before retracting. Oh well, there's still the rest of the year to look forward to that
There is still a lot of time for that, it can't just go to the moon without correcting itself, bitcoin etf decision will be made on the 15th of May and there is a really huge chance that it will get accepted this time, then if that turns out to be true, we can expect the price to soar at an increasingly rapid pace and possibly even go over 2k dollars. Right now might be the last good time to buy some cheap coins and hold the bags to sell and make maybe even 2x profit out of it. 
iam hear 15th may SEC announcement about ETF proposal
i think if SEC rejected again, big bitcoin user can playing price with dump, so if SEC rejected bitcoin price can down under 1500 dollar/bitcoin
i think if SEC rejected again, big bitcoin user can playing price with dump, so if SEC rejected bitcoin price can down under 1500 dollar/bitcoin
Well if it's like the last time where SEC rejection made it to the point where bitcoin price really dumps so hard, then people can play again with those dumps that will happened.
But same story sometimes didn't happened. Correction price will really happened as expected. People just want to desire that the beginning of correction price will happen after it reached $2,000 so that expected price that will it's considered correction price are between $1,500 to $1,700.
Only place its going is the moon! 
Was hoping it'd reach USD2000 before retracting. Oh well, there's still the rest of the year to look forward to that
I was hoping that, too. And I just sold most of what I had (goddamn it!!), as I needed the cash for another investment. Ah well. Now if bitcoin tanks, I'll buy in again. But I'm still hoping we'll boom on up to $2000. Thought for sure we'd hit that once we got to $1850. That was crazy. I keep a financial journal, and I noted that we jumped from $14xx to $1850 in a matter of days. Friggin' crazy. And a correction like this was bound to happen. People take their profits off the table, and that's totally understandable. 
iam hear 15th may SEC announcement about ETF proposal
i think if SEC rejected again, big bitcoin user can playing price with dump, so if SEC rejected bitcoin price can down under 1500 dollar/bitcoin
i think if SEC rejected again, big bitcoin user can playing price with dump, so if SEC rejected bitcoin price can down under 1500 dollar/bitcoin
I am waiting for a correction to take place -- possibly to $1400 at lowest. After that I would prefer a slower but more sustainable form of growth back to current levels. Honestly, it's great to see the price shoot up to where we stand right now, but at the same time I have a feeling that the price right now is well overbought. If this correction happens, it would be nice to allow the price enough time to develop itself further -- for me there is no need to reach $2000 yet.
Was hoping it'd reach USD2000 before retracting. Oh well, there's still the rest of the year to look forward to that
i was also hoping to see nearly 2k not exactly 2k, because 2k is the next mental barrier if we get above that we can shot higher, but it's hard to have a pump like this that is not manipulated and end in a big fall, better to have the buyers accumulate more at these price point and consolidate the value
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