Will BTC on correction mode after reaching USD1784.71? - page 2.

BillyBobZorton

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Quote from: elegant_joylin on May 13, 2017, 02:43:03 AM

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.

The long term graph is still looking fantastic. We are coming from $1000 and we almost hit $2000 within weeks, this correction was expected, it was breaking the upper channel, now we are back on track sitting on the trendline and we can hit $2000 by summer as a lot of people are predicting, I think that prediction makes sense, so just keep buying all the dips, as long as we don't break the lower end of the channel we are good to go.

bluefirecorp

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Right now I see it even higher than 1784 so obviously not. Bitcoin going up is not an altcoin speculation topic but just to say bitcoin going up keeps the altcoins going down let me put out two approach to it.

First one is if bitcoin keeps going up than the altcoin prices will fluctuate eventually and not only go down, it will spread. Second one, the higher btc worths the more your alt worths in dollar value. Keeping those in mind, you can’t lose.

BrewMaster

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There is trouble abrewing

Quote from: elegant_joylin on May 13, 2017, 02:43:03 AM

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.

you should look at a better chart, coinmarketcap charts don't show things properly because it is usually zoomed out a lot and it takes the average of the average price (the second average is the average of that coin price among all the exchanges and this includes Chinese exchanges which are $200 lower and a couple of exchanges with much higher price.)

i don't have much to say about the prices though because at times like this i prefer not making speculation.

shinratensei_

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Leading Crypto Sports Betting & Casino Platform

Quote from: elegant_joylin on May 13, 2017, 02:43:03 AM

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.

We are on bitcoin prices correction. My thought if there will be a possibility the price of bitcoin will be touched $1500 in the future.
The chart looks very bearish right now. The market gets a panic chart.
But bitcoin still has a strong support to keep the price never below $1500. Japan and AU give hype for the market. The train is going down right now.

Red-Apple

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Quote from: elegant_joylin on May 13, 2017, 02:43:03 AM

and if the support cannot hold, I'm looking at a 23% retracement back to USD1374.23?

please share the charts that you are looking at so we can see it too. some analysis on it would be great also.

also this is not the appropriate board for speculating about bitcoin price. you should move it to speculation board, this is altcoin speculation.

Quote from: Bowtiesarecool on May 13, 2017, 06:20:00 AM

Was hoping it'd reach USD2000 before retracting. Oh well, there's still the rest of the year to look forward to that

it actually is better this way in my opinion.
the slower the rise, the more powerful the support will be.
with rise to $2000 everything would have been shaky and we would have experienced a much longer downtime.

Bowtiesarecool

sr. member

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Was hoping it'd reach USD2000 before retracting. Oh well, there's still the rest of the year to look forward to that

elegant_joylin

sr. member

Activity: 826

Merit: 254

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.

Topic: Will BTC on correction mode after reaching USD1784.71? - page 2. (Read 1547 times)