Bitcoin Forum

The Bitcoin touched new max, the news about CBOE Futures - is Fact now. There is no new information about Tether huge cap. And loooks like double top on Bitcoin chart is drawing now.
My opinion is that correction will be achieved in the range 8-12 and then big daddys will open new long position with target 25-28 before new year.
What you say?
BTC

Everybody thinks, that Bitcoin is "to the moon"-only asset? ;D

Nope I tend to agree with the analysis you put forth in your first post and I too think there will be a similar correction. I thought however it would already have begun by now but I think perhaps it is waiting on the CME launch of futures which I believe is the bigger set. Will be interesting to see what happens after Dec 18th I know I am ready for either direction.

I also agree with your analysis, however the figures are different depending on what time frame you look at.

If you look at 1 hr chart you will a double top figure, indicating reversal.

If you look at 4 hr charts, you will see head and shoulders, still indicating a reversal.

The biggest question is - how long will the correction be and how deep will the price go?

Don't have anything in mind to hold on to. Been sitting in fiat lately, waiting to rebuy the dip.

I do not expect the price bump to corrected in the bottom line of the 12k maximum means that is not good for the community members who is looking for the high profit with their invested amount you have.
After CBOE you are expecting correction on the price chart that seems so foolish in my personal view.
We may expect some bump from the time you are seeing in the chart.

The corrections is going to happen but is not going to be serious one as many traders are awaiting the corrections to buy and push the price up.  We are expecting price to fell a little below 15,000 dollar to buy again and after that bitcoin may push above $20,000 as speculated that this will happen before end of this year.

I hate calling tops in this kind of rally, but it's certainly possible. This morning, John Bollinger cautioned that we could be near an intermediate top (https://twitter.com/bbands/status/940994611534688256) in Bitcoin and the high-cap altcoins. I've been hoping for a correction so I can try to buy in near the longer term trend in the $8,000s.


I have a similar opinion. Masterluc (famed analyst from the Speculation forum) has predicted a retest of the $10k area. The last major resistances are at $7,900 and $8,400, and the long term trend line is in the $7,000s and rising. Fingers crossed that we can buy the dip and ride the next wave into the $20,000s.

Yes, of course CME is the bigger set, but, actually futures of the BTC is started, and my opinion is that is a big trigger for the correction to start. Couse future-traders is not very interested in the BTC 100'000USD next year, they try to achieve profit in a short run, so shorting futures of BTC is very logical for them, after so big bullish trend, and for others is a good time to enter BTC at low prices, so almost everybody likes the idea of correction

You mean bitcoin will drop to 12k to 8k?  Then pump to 25k? How will the correction will go?  Can you explain,  can plot it in the chart?

i'm talking about 1D timeframe of course, imho TA did not works very well on a faster timelines..
And now we can see either double top, or H&S in a proccess..H&S will mean 14.5-15.5 support, then go into range 16-17 and fall to the 11-12.. further will matter on situation.. 3-6 days to go..


my opinion is 8-12

Right strategy for now)) But why did not take a look at the altcoins? One of them have a very good chance to be the second base currency, after btc, and there is no futures;)

Exactly. My target for correction is 8-12 range. It may reverse at 12, may at 8, or somewhere in the range. It is impossible to say exactly, if it is not you are manipulating;) It is not neccessary to draw a chart - you can switch yours into the 1D interval and see it by yourself, it is not high-tech TA, in this case, TA is only one more suporting factor for my opinion, just take a look at 2017-12-08 high, than 2017-12-12 second(i am using Bitfinex chart), it is possible pattern of "Double Top" or "Head and shoulders" figures of candle analysys. They usually mean fall after finishing the pattern to the start of the previous growth.
as i wrote in first post, opening of futures is fact now, and old good rule tells us "buy the rumor sell the fact", so it is. And no others so-imortant news for BTC in this year, and we all have USDTeather rumors about their huge cap rise in the very short time(you can look for the chart at the coinmarketcap.com USDT symbol). So it is, potentially, a time - bomb.
And other main thing - people from wall street will not will to buy BTC at highs, they always buy at dips they set by themselves.
It is the end of BTC freedom in some ways. But we will see, course BTC can make a surprise, in a long therm.

and second day rise of the altcoins is the one additional plus to corretion-theory:)

upd. What is interesting, is that BTC trading 24/7/365, and Futures 5 days a week, and not very long time of a day. How it will works, we will see)

Correct. recently there are plenty of new investors jumped into Bitcoin investments and they don't spend on gambling or sell at a loss that's why prices may not correct lot. It is good that prices are started some correction before it goes above 20K. If you invested for long-term then we shouldn't worry about all these short-term price fluctuations just hold them in future it will give us very good profit.

thinkin on future destiny of Btc my imho, that now it is massive btc sale going, from current holders(mostly young and computer-friendly guys) to the wall-street like money holders, big capitals of fiat money flowing to the new owners, Christmas sale:) Then, some part of the fiat will be converted to the altcoins, to make one more round of cap. growth, and now crypto-community have much more fiat money on their accounts that was years ago, when Bitcoin growth starts. So, everything will happen faster and harder. My opinion, that Etherium is in favore for now, but it is not a coin, at all, so, perhaps, Etherium+one "money" coin. BCC?BTG?ZEC?XMR?
Who knows, we will see

Agreed. We should look after Dec 18. Bitcoin has been consistently settling around $16K-$17K lately after CBOE bitcoin future contracts. So it would be really interesting to see if this can be maintained after Dec 18 or a price correction or even crash will happened. Let's see how it goes.

But personally, I think that all this futures contracts seems to lessen the volatility of the market. If you have noticed it. lately there's no wild price swings, it will always stays at the range of $16K-$17K at the end of the day. So me thinks that this is cause by those financial institutions getting into bitcoin now.

Tether is a REAL shit, i dont understand why they are always going to change the supply


It seems that it was a big set up, they are just changing the supply as much as they can.

Far as i know, they were only able to have a max of 930 Millions of tether in circulation, but there are more than 968 millions right now and it seems that they are going to keep pushing more tethers on the market.

Regarding to btc price, it will not drop, at least not for now, the price is very stable right now.

I also think that BTC needs a correction but it's hard to say that it will touch 8k. IMO 12k would be enough correction and after that it will continue growing. Because mostly BTC not going down when everyone waiting for it

Completely agreed, imho it is main purpose for the futures - price manipulating with less real fiat supply, and volatility control
It is just incredible that just one future, with not so big volumes, control Btc market with all his volumes...
My opinion that money now flows to the owners who will put some of their new maded capitals back into crypto world, but it will be another coin, and, as there will be much more fiat on the market than was some years ago for bitcoin, everything will happen faster harder scooter;)

bitcoin prices had deathlock a few days ago I think what will happen next is that there will be a group of people who do a massive sale. in my opinion bitcoin prices will fall back after many traders who sell bitcoin because things like this will tend to be utilized for profit. Amateur traders like those who just want to take a profit quickly and with the rise in bitcoin prices some time ago this could lead to that I think there will be many countries trying to profit from the bitcoin market when bitcoin mission is trying to get out of government control. and apart from that all I think that in Januri 2018, there will be a significant increase in prices and tend to increase 2-3% every day.

Then how will you explain what is happening now?
I dont think there is a thing like a correction. There is none. It is only demands that will happen and will always be.
There will be an increase because of the fork and maybe your speculation might be correct after that. They will all sell it afterwards or if ever, there will also be a chance they will stay if they are that strong with their trust to bitcoin.

I ever it drops that is a sell not a correction.

Everybody seen that?
https://coinmarketcap.com/currencies/tether/
1,049,999,272 USDT !!!!
from yesterday..

and again, everything goes to Btc,

something gonna happen

my imho - it is peak before monday, when cme futures will open. than will be the same thing - new comers on the cme will buy btc and short futures with hedge intentions. it is what is happens now and it is why volatility so low

https://twitter.com/tetheralreserve/status/941308766653505536  (https://twitter.com/tetheralreserve/status/941308766653505536)
 ???

There is obviously an example of CBOE futures launch on 10 December, when Bitcoin made one of the largest growth in % in 5 minutes time, I think the same will happen upon CME launch. I have a quick video proving my point, would be glad to hear your feedback:
https://www.youtube.com/watch?v=JsR9N-TDBWM

I can not see a real Bitcoin correction. All looks like we will leave parabolic mode and enter ultra parabolic mode soon.
If BTC will make hodlers a 25k USD present for XMAS there will be much altcoin blood.

Now, i think, very good time to open short positions, based on TA, frame H1, RSI, Stoch., ema telling that market is overbuyed, and futures in monday. let's see

Bitcoin will definitely undergo a correction. Remember the last bitcoin correction from the $1500 bull run? That's how it's going to be. Nothing goes up forever. I believe bitcoin is still going up because people want more money for Christmas. Once that has been achieved, money would flow outta bitcoin.

Up until now, I was thinking that any correction coming would be fairly minimal. Like a correction to 12-14k at the lowest. Mainly because of the huge support from merchants and institutional investors that's starting to build momentum behind the currency.

But the BTC transaction fees have been so high lately that it's changed my mind. Now any new users who want to sign up and send money (e.g. to pay for something with Bitcoin) are going to have transaction fees in the $10-$20 range, and a transaction that takes hours to finalize.

This is a pretty poor experience, and will probably detract from a few new investors signing up with simple sites like Coinbase hoping to get in on the trend. It's why Steam dropped support for Bitcoin transactions recently. If we see a few more major entities dropping support for Bitcoin it'll have a significant short-term impact on perception.

Based on this, I wouldn't be surprised to see a more major correction until the transaction fees (and confirmation time) improve which will help ramp up mainstream adoption again.

One more 100'000'000.00 USDT comes to Bitfinex.. Injection... It is crazy, lads, if it is a bubble, with no real dollars behind - it is will be disaster for BTC and for all crypto world.. Biggest scam in the world :-\

Take care, guys, very big possibility that btc will hit 19500 again and then will go till the 17..  Or will drop from current position

Long hold will help us to lessen our worries mate, for sure those who's trying to do some shorting will just risking their money
as we all knew that bitcoin will bounce back after some correction and it will jumped high much even more.

no correction until bitcoin hits $22k

I think bitcoin correction is what we are experiencing now. right now alts are pumping i think 22k is the next target of bitcoin. biggest support line right now is $17k.. let's wait for a good news for bitcoin

I have been waiting for a stronger correction for a while now but it just doesn't seem like its going to happen, so I'll have to settle for a different price than I expected :-\

I think so and I am very bullish that it will reack $25,000 dolalr before year ends .

Now, bitcoin just touch the $20,000 dollar mark and seems having a consolidation already. Wait for several few days and bitcoin will be on fire again. So much fork and good news are clogging the mainstream media, hoping it will turn into bitcoins advantage.

With the continues increase , everyone is expecting the big correction but it seems like its not gonna happen, not this year but maybe next year.
That 8-12k is too deep for the correction when you make a basis with todays price. Lets say 15k is more likely with a minimum of 14k and price back up again two times. But what if the correction that we all waiting for to buy in already happened? When the price decreased to 13k last week?  This is gonna be another regretting point for anyone whos waiting for the dip LOL.

The charts shows clearly signs of overheating. Look at the high flagpole on the 6 month chart of BTC. And in 3 weeks another 2x (from 9k to 19k today). And this is not the only sign of overheating: Look at the newspapers, the TV, to the people in your life. Everybody is chatting about bitcoin, a loooot of people are entering and risking their savings. The big ones will take profit at one certain point and get richer than before. It use to happen in normal stocks and it will in cryptos too.

I am curious what is happening with altcoins, when bitcoin falls. Until then I am taking profit and wait for the correction. And if it needs 1-3 months to come. A big one will come. ;) And for this case I have made a lot of money that will be invested again. :)

CU in next year (probably?)

I'm more than two months old waiting for a bitcoin correction... This huge growth needs some "pause" to be sustainable. Otherwise, I believe that there will soon be a big dump (although this crypto-world is very special and unpredictable).
I just hope that the Christmas passes quietly, without any sudden shock.

I'm thinking of USDT, they printed more than 100'000'000.00 USDT just days before today, day when cme futures will be open for trade. I am not sure that this game is fair. And, with big possibility, that it will be linked with correction on the btc price - at least, many of new comers will just buy real btc, and open short positions in the furutes, to hedge. And in the momentum, it will be looks like falling futures, and it is will be like ignition for the short-term sells across markets. Correction itself must lasts for few days, because one time hit of the bottom is not a correction, it is just volatility. Correction means psychology, not technical drawings on a charts
i started this thread, as my personal wish to warn community about game they are now in. Btc comes to real world, and it is really matters, so long way from the start. And just buy and hold startegy now can be not so safe as before. Do not use this as instruction to do something, i'm trying to ask people to think a little.

I dont think that there is going to be a correction so far, the price touched more than 20k and it has already been dumped to less than 18k, but it is now slowly recovering.. probably more than 19,2k, it has been some minutes since i dont check the price. but no ,there is not going to be a new correction again.

If we will take a look on the 1week chart of the btc all-time, we can see, that there was no real corretion at all since start, there is up-trend and we see usual price moving like steps. Real, convincing correction, will be looks like down-trend for some-time, just like a mirror to the current price chart. It must go through minds of competitors, sale, setting on the new levels, than go back and further, it is good. Never stopping growth - it is buble signature. It is what i'm trying to tell

We did not get a serious correction since a long time, now i'm wondering if there will ever be an other big correction like we used to have, maybe from now on, bitcoin will only suffer small 10% correction from times to times

As for the price of 8-12, I did not see such a decline in a month, although many also predicted that. But the growth of up to 30k is the most realistic.

Let's not get ahead of ourselves, the 30k will come, but probably not this week or next week, maybe late in january

oh, friends, the biggest mistake, that can be made here, it is thinking about this market as a bullish forever. And now it is very clear to see, on the Bitfinex, for example - there is a buyers on every drop. And they come and come, just like lemmings. It is because most of crypto-traders are really new in a market, and very used to work on the up-trend, where this strategy works well - buy every dip. But if we switch to bearish, there will be huge losses. Like now it is. One my friend, he works at the Poloniex, and he have very simple strategy - when some of the coins falls, he buys it for everything he have, then put order with 2% profit and waits. If price falls further - he is waiting. Yes, he manage to make a profit almost every day. But when market will change direction, he will lose everything, it is just matter of time.
There are stories about poor people that killed themselves because lost of bitcoins, and it is very sad. All crypto world toghether is not worth single man life.
And now. Many of btc holders feel themselves as USD millionairs, couse their 20-50-100-or more btc now can feed them and family for whole life. But it is now. When btc near 20. If it will, by any occasion, fall in price, they will lose not the money actualy, but they will lose belief in their good fate. And this is main thing why people killing themselves. Scary. So many made big moneys with btc, but it is not enough to see crazy prices, you must see and hold your money in your hands. Take money. Then take a pause, then think what you will do next. This way you will be in charge.
imho

I was waiting for the correction already when it hit 10,000$ - it didn't come. Now the odds are bigger.

I completely agree with you, Bitcoin is gonna see a big correction anytime soon because it's been on the bullish run for quite sometime and after the correction it's gonna reach new heights.

I don't think a big correction is going to happen in bitcoin before this new year. Just 13 more days left to reach next year and there is no reliable news regarding this correction. Correction can occur but not like what you are expecting. According to me now BTC is stable at $17000 it won't go behind this margin.

Of course the BTC will grow for a long time. The number of transactions has increased now, that resulted in failures in the system. But this is only the beginning. There is so many leaps and ups will be with this coin. CBOE is just caught the trend in time. Who has the information, has the world

Yes, may be you right, i'm wrong, at least, price of everything it is just matter of greed of both sides, but i'm trying to tell everybody, that when you reach some level of wealth(and it is just a level your imagine), when you can tell, "hey, i think i'm reach. may be not enough, but.. i have enough to not think aboud food, living, i can help others", this moment, your life is divided into before and after. And, if something will drop your level back to the first part of your life - it is very heavy impact on to your mind. Your emotions. Trading is a very emotional kind of business, and only when you lost enough, you start to look more philosophically, but how many of us lose really big money(not mined cryptocoins) by crypto-trading? Negative experience is must have for proffesional trading, you can not win always. No one can. And that's why there are so many math rules to limit risks when you are trading.
Too many people with flames in their eyes is around, telling 30, 50, 100, 1'000'000, hodl forever and etc. But do you ever think, that those guys persuade just one target - move price so high as they can just speaking, and speaking, and then they will bail-out first(may be they already are). Do you think that you will fast enough to sell before them, or with them? Do you control your trading acount every day, and at least once per hour?
Did you think, that 1'000'000 usd per btc, it is 21 trillion dollars, and this is more then USA year budget? And if btc will costs 1mln, it is end of all of us, because it will means war. May be one short, may be many smaller around the globe. When you want BTC for 30 000, it is clear that you as a community, ask others poeple to give you some peace of cake, in dollars, just because there it is virtual asset, peer 2 peer spreaded database with proof of work mechanism, and because some man made money selling asics, and some mans payed electricity bills, this asset cost 10-20-30-100 thousand of dollars? May be because it is cheap way to transfer money globally? Hmm, i know at least twenty coins, that do that much better, faster, anonym, cheaper. No it is not, the current cost of BTC it is price for innovation, for new ways for mankind to exchange. But this price is almost payed. And then, as it happens always, competition will start to work. Lower prices. Better services. As usual. And BTC have posibility to be "reserve" coin. He can not be point of entry, big, slow, costly. But and as "reserve" it is not clear to see this future. All scammers of this world is gathered around this fever. Just one USDT can throw BTC again to the bottom, if they doing scam.
Take care of yorself, be adequate!
 ;D

Btc started correction, i as think, next levels will be 11.5
Watch your money!

I agree that a pullback or correction is very likely because the Bitcoin price has risen so high so fast. It is the logical thing to happen. With that being said, Bitcoin is very unpredictable at least to me these days. The price seems to keep going up when you think it's going to drop.

I won't buy at prices this high and maybe I'll miss out if the price continues to $20,000 but the price just seems too high right now. I'm sticking with the Bitcoins I currently have and will only buy back in if there is a significant drop in price.

Yep, you on the right side) Better to save money and make no profit, than make a loss
My opinion, that BTC is over, couse now it comes out from childhood, where all trades was mostly in closed community, now it is more like officially accepted asset, and will go this way. And whole global fin system fights with volatility in the all assets, their just do not need high volatility, because it is a way for new capitals arise, and every new capital - is enemy for old. And they will do anything, to keep situation frozen.
All of us must take a look on the altcoins now, their in shadow now, and for now, nobody from outside IT world really understands what is it, and how much it costs. So move some of yours BTC(30% perhaps) to the alts, 30% to the fiat, and leave remaining BTC for diversification purpose, and you will be much safer with you holdings)

The moment of that correction is already here. Personally, I awaited it two weeks ago. But I don't believe it will hit rock bottom to the point of $12,000. That level will be highly difficult to revisit. We should welcome this correction as it will further propel Bitcoin to a new ATH.

Yep, same thing, first loom of correction, i feel at the first week of december..
I think, target levels will be around 12-13, but with inertia it's very possible to hit 8-10, depends on news

I have always had a great conflict when it comes to believing in any data that comes from that superstion called "technical analysis". I prefer to believe that many people invested in bitcoin earlier this year expecting a good return, and once they reached it when the price touched $20,000 a few days ago, they considered it the ideal time to take profits. Remember that Santa Claus also suffers budget cuts and bitcoiners parents have to pay part of their expenses these days! But in a few days we will resume the upward trend, without a doubt.

Correct, i will believe the correction not too deep and bad since many trader are waiting the correction and buying again to push the price up.  Bitcoin has big community as back up to make the price stable in up price.

Well, it appears bitcoin price is going down as hell. So many big whales are now dumping bitcoin for bitcoin cash due to bitcoin transaction problem and higher fees.

In my vision, TA it is just a "snapshot" of human behavior on the markets, and all the levels, instruments, indicators is used just to reach a collegial decision when we up, or when we down
And, my current position stays as is - Btc is in corretion now, and if we broke 15, we'll go 12-13, and may be 8-10. Just because it is very good levels to buy, but anyway, Btc is not dead, but the money will be spreaded more equally between all crypto assets

If traders see some stable support they will surely bounce back, but for now I can say we will see bitcoin at around $12k again but for sure go even higher after that. This is what we are waiting for, the correction of bitcoin, this is just a temporary so better to buy more now.

Well the massive correction is here. Hang on for the ride newbies! 30% is about where this should stop, but we'll see if we're going to have a bear market for a bit here. I'm not expecting it, as we're still so far on the growth scale and there was no real news that lead to the dip.

bitcoin is going down whats happening  :o will it rise again ???

Don't worry and don't panic sell your bitcoins, it's just a correction. price will shoot up again and go higher and higher. :D

If you will sell right now than only you will loss, just hold whatever amount of bitcoin you have right now.
Wait for next few weeks, bitcoin will be well over $50k within next few years.

Just increase your bitcoin holding by selling alts right now as alts are stronger against btc.

Lots of people are switching to bch because of the coinbase listing of it. Then the txs are piling up, I'm guessing lots of people are getting fed up with it. There's also a possibility that the dip is affected by the Christmas season but I doubt it.

If you want to trade , then you should make a quick move . Analyze it for short term and decide whether you should hold for this flash correction or sell it due it indicated a real drop and waiting the price ready to bounce back. I personally for now it's a real drop so yeah take a safe action by cut the loss. If you long term holder then you can be fine to do nothing.

I wonder how much the correction will last... Want to invest in Bitcoin, but I'm afraid of doing it too early or too late

Correction came when it was not expected at all. And what happens to the price of cryptocurrency now, is not the end. I think bitcoin and other coins will become cheaper by another 30-40% of their current cost.

i am really sad that i can not predict precisely when will bitcoin drop, that has made me lost of profit. i have never expect bitcoin is gonna drop so soon, i have no choice but to hold my bitcoin and wait until it rise again.

Oh bro! That was expected. In fact, I was even surprised the market got pushed up to that extent, I expected this huge correction a long time ago and thank God it happened now because if it did not, the effect would have been pretty huge. I guess it is time for sanity to come back to this market as we all know that the only thing increasing bitcoin right now are just some manipulators as well as FOMOs who wanted to get rich overnight and have no single knowledge of what bitcoin is really all about. I am sure a lot of them are shaken off right now selling at losses while the real believers are still standing tall.

How to start the best trading in bitcoin, we should know what is bitcoin.

                        Here are the steps to start bitcoin trading:
1.Why everyone wants to grow a business in bitcoin.
2. About the best trading practices with bitcoin.
3.Bitcoin storage in bitcoin account.
4. What is the daily income of bitcoin.
5. Starting bitcoin trade.
6.How to keep bitcoin money safely.

I need to have deep knowledge to follow the bitcoin correction.
It's never too late to start bitcoin correction, we can and definitely can.

I disagree with your title, but agree mostly with the rest of what you said.

it is not really long awaited. we have had lots of corrections each time a rise happens. they are pretty common and they do occur. and most of the times they are indeed huge corrections of 20$ to 30% with a lot of volume going around in the market.

as for the drop, it is a different sort of correction this time because in addition to all the usual things that cause the drop, there is the ridiculously high transaction fees that bitcoin currently has. that never leads to anything good. and it can practically intensify the panic sell.

The price has been going downhill for the past couple of days, but i don't whether it is because of the correction or it is a strategy made by the network like last time to secure the network of bitcoin cash, but what I know is that many people ate afraid, and many people have started thinking about abandoning ship, and if this problem does not get fixed in the next few days than god help us all for what is to come from this.

If we hold current position for long enough (level 13.2-13.6) so it will be reversed H&S signalling us to open long positions with targets 15-16
If we broke below now - correction will continue to 11.5
this is what chart says, but it is not wise to buy now, we need to drop deeper to establish a new long therm up-trend till march or something
But, if the darkest version come - Btc will step back to give way for the Bch, Eth, and two-three good alts

You should study the bitcoin price history so that you will not regret on your decision. Every pump there is always a dump, remember do not enter the market while it's in peak price because there are big possibilities that bitcoin will be dump because there are many people who wanted to get their profit at this time while you are wanted to buy at the peak.

Well, long-awaited bitcoin correction has started. I believe the price may come down as low as 10k or 11k. It would rise again after a while.

I know a lot of people didn't see this coming. Those who believe in hype will not survive in this type of harsh environment for long. I hope this will serve as a lesson to those who follow the advice of so-called experts.

Thanks for your insight. I'm sure a lot of newbies are stuck at the peak or have already sold at huge losses, or are still holding and hoping.

I see us going up from here. We had a pretty fast flash. A much needed correction.

perhaps cause it always happen when the price goes down it will go up after and i think it will never go back to 5k. And maybe  this is just temporary and i know bitcoin will make a long jump after this like what happened before.  Let's just wait.

Yes it will, spreading of Cryptomarkets is on the move, and it is, of course, not the end now. But the market was overheated and it was necessary to urgently lower the steam
Now we must wait for Btc price to settle in some range where all who wanted to sell do it already, and all who wants to buy agree with price.
My worst scenario is 8-10. My personal point is 8.7
Middle scenario - 10-11. My personal 11.5
Better for holders, but the worst to the market - if we will start do grow from current(12-13) range, it will trigger next correctiom faster

Bitcoin correction has been asked many times by people here on forum and most of us believe that the price of it will keep on aiming high but some believes that it will drop soon and turn to 12k-13k. Indeed, I am expecting for bitcoin correction but it really does hurt to those people who are looking for high profit especially to those people who invested a big amount. If the price of bitcoin keeps on increasing then those people who hold their bitcoin will be so proud.

Let them keep switching. I hope their switch will not end up being their own problem eventually.
Yes, the transaction is killing and annoying. How can you pay a very huge amount of money for transaction and still wait a huge number of days to get it confirmed even if it does at all.

That is some crappy shit and if not that I so much believe that things would change, it can be shaky sometimes, when the media start using their tactics to start showing the world that there are even coins one can use for faster transactions. The devs should really act fast with this scaling issue.

Was 10,5k the bottom or are you thinking we can go lower vefore turning around? Can't we expect a turn back up soon in regards to people returning home and teaching their relatives about BitCoin?

I know the tax year is coming to an end so some may want to sell some BitCoin to settle their taxes so maybe there is one more dip left. How low can that go, where are your buy orders?

Finally, and is time to grab some coins back!
Everyone should be taking an advantage in this particular moment.

Finest point to buy, for me is 8.7
If you switch your chart to the 1D period, you will see that here is very big possibility of drawing the head and shoulders figure of TA, in reality figure showin how people select levels for their orders, we all together have the same picture, at least) So if we will go up from current level and at the 17 we will have a lot of sellers, who whant to lower losses, those who want to fix profit before NY, and pay taxes too, you terribly right!
It can, with some % of probability, leads us to draw h&s and if we breach neck (is around 12.7) most of big buyers will be waiting for the price of btc at 8 or even 5.
But, it is very good for health of the crypto world. All scamers of the world here)
Also, here is potential that we will start second wave of long-therm up-trend from current levels, but must take care at the levels 16-18

Go to Bitcoin chart and select the weekly time frame, you should see that bitcoin is about to crash.  If we cant make it to reach 25k before the next candle we see the bitcoin bubble explosion.

I think that due to the demand, the price of Bitcoin can be around 10k. But even that is too much, realistically I think it should reach 10-20k next year, now is way too early. A real bubble.

Finally ... now let's wait til the next moon!

I dont think bitcoin will moon now, it need 1 more time correction and i guess it between January 2018.

Thats right, When there is a crisis or something happens like this, its an opportunity to buy. Sooner  or later the market recovers and surely you will have a great profits. Just monitor the market movement as it is till shaky, you might get trap either.

In reality, I wonder why a lot of people are really panicking right now. This is normal in the market. Few days ago, the bulls were driving the market and everyone started going crazy, and the FOMOs were busy shooting the market higher pretty fast. What do they expect would happen before? It has happened before and it would happen again if the same thing that we have experienced this year happens until we see a good reason for the market to really be driven up and not by some crazy FOMOs.

If you are holding for a long term which I want to assume you are, then you have no reason to worry or panic. It is normal, the market was overbought and this was expected. As long as the bears are done cashing out all their profits, sanity will reign back in the market and we will get to see the old BTC starting something big next year, but for this year, I guess we are done with any huge bull run.

Lol. That may not be this year though. I guess everyone shouting crash is seeing good times to buy more now. It is good it happened though, otherwise, it would have been a crazy ride for a lot of people in the long run, if the market did not come back to the sanity mode.

For now, there is a lot of indecision and those who are even shorting right now are taking huge risks. Very soon, we should see the market back to normal and like you said, higher and higher and higher.

Yesterday was one of the largest buy opportunities of the year, it seems. Coins gained 20-30% only today and all of the coins in top 100 list is greenish right now. They could manage to handle the correction.

Yesterday may be the last day for people to buy bitcoin and still be an early adopters. Maybe after this we will be ready to go to the moon. I used this opportunity to buy as much bitcoin and altcoin as possible, I also told a lot of people that the best time to invest was yesterday. And as always people will not listen to me and they will regret it and buy later at a high price. I am going to give my crypto gains from this past few weeks for my family as a gift for christmas

Thanks for your thoughts. I actually have one buy order just around that mark, might one slightly above and one below just in case. The lowest one I have is 6k but that is just a "what if" scenario...

yes you are right now bitcoin is experiencing a very long price correction because bitcoin price increase is also very fast yesterday and calm it do not be afraid if stuck in expensive price because bitcoin will experience a very high increase again later in the year 2018

Even I agree with you about the correction pattern formed over there and now as you said big daddy's have already planned their longs near the bottoming pattern and now they will be aiming for another new record high soon by the new year comes or by the January 1st week as a reference and trading point of view.

That's not the true reality, I have been into bitcoin long ago. Around an year ago I got into bitcoin, but with every price increase and decrease there happens a correction. Sometimes the price correction takes place in a large scale and at sometimes it happens with minor fluctuations. This time too things has taken place in a similar manner.

This is the big correction happen with the bitcoin price value that is not expected. With the pattern it is likely most to happen. The possibility by early january the bitcoin price will become continuing to moves.

You're right that it was actually long-awaited and needed because we had been seeing constant rise in its value which was hazardous to its health itself. It corrected to 11k and then rebound happened where Bitcoin regained its credibility in the eyes of those who recently invested and thought they got cheated (by the markets). I believe patience is our best friend whenever a correction kicks in because a correction is like an examination, a test we need to clear by being calm till the red goes back green.

I'm totally agree with your opinion, Bitcoin coin easily reach to 25-28k in new year.

I think that Bitcoin can reach a new all time high maybe in the early spring of 2018 as it will take more confidence and also a new set of capitalization for it to go up again past 20k USD. Many of the big whales and institutions have taken their profits so it will take time to lure new crowds of people in in order to pump the markets very high again and for the BITCOIN marketcap to go up 70% from here. Time will tell but I see Bitcoin going up if it does to a new ATH around March 2018.

As of now it is impossible for bitcoin to reach 25-28 this year as it really drops 20-30% this month. But hopefully by 2018 it will reach that range and investors will come to make that happen.

The correction started after touching $20000 and now we are having a good correction where i was waiting for a  very long time and i am not sure how long we will be having these sort of bear market but one thing is certain we wont be touching the target you mentioned anytime soon before new year ,we might stabilize for a while and then we might have another rally after some time and not anytime soon because there are other things to settle with higher transaction fees and network delays.

This bitcoin deep correction may last through year end then will bounce back again if there's no upcoming events that might affect it. There are corrections of bitcoin that happened in the past years and many of them are short lived. Despite of this major correction, bitcoin price can still rally in the short term.

Yes and the correction of bitcoin's price always be followed by almost all of the alternative coins, so today is good time to buy the alternative coins, we can take the profit for short term investment or middle term investment in trading altcoins, because the price of alternative coins will bounce back again or maybe will be more expensive than highest level right now, but it is just my personal prediction of the price can be true and also can be wrong, so for the traders always use the analysis technical and fundamental before entry the markets.

Well for sure this is gonna happen for next year, i am waiting for that but since the price will drop now this is my chance to buy bitcoin to have a profit next year.

Probably not by new year, by March seems more possible. The correction was quite large, way bigger than expected.

The price dropped to almost 11,000, now the price is 15,000. The price of bitcoin will rise to 20,000 again. I will buy little by little.

The price of bitcoin might reach down to $10000 to $8000 price mark and i am waiting for this because this is the best time to get into bitcoin for the late bloomers because bitcoin is really on sale and because of the dump the people are going into the panic selling that gives hope to the people who want to buy bitcoin at the cheaper rate.

It works, just because we was in the long therm up-trend all-time from Btc created. The was no real correction till present. Just stairway to heaven)
Now, the things are changed, alt. coins started to settle in the minds of mankind, and money flow now will be more winding than just before, when Btc was main and biggest entry point to cryptomarket

Well the market for BITCOIN IS TOTALLY BEARISH at the moment and I would not be surprised if we see a crash like 2013 and retrace all the way down to around 2-3k USD. That is the worse case scenario but otherwise we may see a bull run to around 25k after the new year then another retrace back down to around 17k usd. ONLY THE BIG WHALES know this as they prepare to make or break us. Also we have the Chris Verge and JIHAN WU crowd who have waged their war on Bitcoin and want to make Bitcoin cash king.

I agree with you here and its playing around the 11,000 to $12,000 range and slightly going up. This is maybe due to holiday profit taking and possibly it will continue until the year ends. I hope we can start an bright new year from now on.

I meant that before the new year there will be a purchases of btc, when the price becomes suitable, but you know, volatility of a coins can made and this scenario possible)

the way on how does bitcoin dump are rely on the holders and also on the season of it cause i see that everytime that there is some occasion the price of bitcoin are might downfall a little bit so we see as of now that bitcoin are pretty dump but i think that it may recover soon even there is a dump only few people are not taking panic here.

I think it almost reach lowest ,end of Jan it will reach the highest again

Looking in bitcoiners confidence to hold as long as possible, the price can grow up next year.
$20k is very close to reach that goal. Lets see what happen next year.

as we know, the main rule of the owner of money is the reduction and control over risks, one of the ways to achieve this is diversification of the portfolio of crypto-currencies. The best tactic for the current time for large crypto-holders is when a third of everything is in the fiat(divide to three - usd,eur, and one that you use daily) money keep on bank deposit, 30-40 percent in Btc, and the remainings is in the altcoins and tokens by the own opinion
it will hedge whole capital, and make it more sustainable to volatility

Talking about on the possible lowest price for this year cant be known since we do know how volatile is the price of bitcoin but regarding on accumulating it before the year end isnt really a bad idea though but in my case i would wait for a little longer on what would be the reaction of price in the new entry of year 2018. If i do see some potential on increasing then accumulating phase would begin and add up on my folio. Its just a matter mix of intuition and instincts.

Looking 1D chart, it is possible to guess, that today can be started very short up-trend to the ~16-18 area or even 20 again, but there again will be huge sells, so then we can go back to the south of the current price corridor 10-20
But if bulls will not be able to buy everything that sells now, my first opinion is still at work and i wait correction ends at the 8.7, actualy it can be within a range, of course 8.7 it is just my personal target

I think this end of the year the target to reach $25 till $28 is impossible. Too high. I think it can be reached next year.
Correction now is very close, correction this time will be a bit dip and it makes us time to buy.

Now bitcoin is staying in horizontal, probably it won't move sensibly until january.
But there are good chances that it will start to rise again, I think we are now in Elliot wave 2.
We'll see.

According to me these corrections have finally given the traders and bitcoin holders a peace of mind.
Now bitcoin prices won't suddebly fall or rise for sometime,
I expect the price to settle around 10-12 .
The second week of January would be most awaited as it is predicted to rise even higher.

now bitcoin the price is still stable, chances are bitcoin players are still busy with the celebration of christmas, but do not be afraid later January 2018 there will be another hardfork that will trigger a rise in bitcoin prices.

we are now waiting for the price increase for a while after we got the dump last weeks. its been hard days for us because bitcoin is down but fortunately, we are saved by altcoin increase so we could still make a profit. but I think this time, bitcoin giving a good signal because the price trying to rise again and I hope we can see it will reach another higher price soon.

Already went beyond your limit and now 14k, we expect that will be after the new year. One thing is clear that there will be a fall, the second question as much as during what time. It remains to wait a short time.

Topic started December 12, when the price of Btc was fighting with 17 level, but it was clearly that very big amount of Btc holders had decided to go in fiat before new year. Because 100 Btc was 1'700'000.00 USD, it is money big enough to live till the end for many. So, this middle-range holders started to sell, and i am decided to start this topic, as a warning to those who just join crypto-trading and have no experience in the trading at all.
Then USDT released more than 200'000'000.00 usd in the very short period, days between opening of the Futures(CBOE - CME). And all of this usdt goes into Btc, pushing him up to the 20 level, where was ready to sell much more holder than on the 17. Bigger holders started their sells, and price drops to the 10.7 (i'm talking about BITFINEX), second step was 11.6 , so the goals of corretions, which I mentioned in first message, are achieved. USDT managed to shift whole patterm up for 2-3 levels. But it will have a consequences like high volatility, so now i think, that price will go to the range 16-18 or even 20, if something like USDT happens again, than we will go to the 8. And from there, we will possibly start the second long therm up-trend

The bitcoin correction has been waited for so long because many people believe that it is an opportunity to buy bitcoin and then hold or invest it. Recently, the reason why there’s a continuous increase of bitcoin’s value because of new investors who made a decision to invest on btc. For now, everything happens so fast and some alternative coins exited.  Let’s wait for the best result for the correction

So now that we broke the really short-term down trend (magenta line) as well as the first resistance line (in red at 14850) we are pulling back which is normal. I'm looking for a break of $16k to add and then a break of $18500 to add some more. Why not just go all in here. Well first I'm long term, and though I add trades, I do not trade these markets. We could still very well correct and entering large positions now can lead to large loss later. The key is building a position and adding to an uptrend not "guessing" the direction of the trend in the very short term. Corrections are difficult and should not be traded.

I agree fully. It is never a good idea to "go all-in" at once even though you think the trend has reached the bottom. That is what market does, it pushes lower than you think and goes higher than you think before falling back. It is better to identify different buy levels where you want to pick up somethign and extra and slowly build you stake in the dips. If you are long term on BitCoin, thinking it can go to 100k or even further then this is the strategy to go by imo. But I am not a big trader or expert but that seems to be what the "smart people" are saying :)

Hello everybody! Hope you are doing well!
Just returned from holidays, and here we are - btc price breaks down 12 level and the chances are rising for the scenario when the price will find a good support at 6-8, but it can be even 5
Now we will see how this situation will rotate, and what is will be with Altcoins? Will they drop with Btc, as people will lose their faith, or they will go up in their prices, to compensate the price of the main asset, so we will see many new trading pairs like */USD or other fiats. Anyway, now it is some "historic" point for the Btc, and we all are in it, Happy New Year, my best wishes, take care of yourself
i'm still at the 8.7 entry point, so now we are closing to the epilogue

Yes Yes! Long-awaited correction. This was to be expected! Experienced traders understand this chance to earn good money! Those who want to get a good income has to invest in BTC now!

Not now. Actualy we are in the down-trend now, so we need to wait when price will find good support zone, for me it is 6-8 but it is possible to see 5

Correct . We should wait for that bounce first before stepping in the BTC train again... In the end it will all be allright with BTC too many whales with big positions to let BTC die. It will come back stronger than before in my opinion

Well, 5-6 is of course would be very beneficial! By the way, regarding large whales, that's for sure, they will not allow the fall of bitcoin! well judging by the fact that the price was 17 it is quite possible to be profitable Daye at 9-10)))

Hello my friends!
Here we are, at the target zone, and we have very big amounts of buy-orders at the point 7.8, so if this support zone will hold bears, we'll have very good possibility to buy.

I would say that you can start buy right now, on 8, but in small parts. Cause if we go lower 7.8, we'll see real panic sell and come to autumn price, ~ 4.2

After any correction, there is always a price increase. Correction ends. Therefore, in the near future we will see the growth of the market. I think that in spring we will see the price of bitcoin in the region of $ 25,000. And by the end of the year $ 50,000 is possible.

This is all asset now since btc is now dumping and we cant see hope now weather when it will go up again. Bitcoin really needs some time to recover because of the impact of the price now.

I think you are right, and such a development event can be. I'm sure that not only the price of bitcoin will increase but all the altcoins, which will bring us profit!

calm down then do not be afraid if you get stuck in a high price because at that time there will be a very high increase at the end of 2018, and you are currently experiencing a very long price correction because the price increase bitcoin also very fast in the last month

That's the normal situation when you enter the market at a high rate. For that just wait for it to increase again just like now, bitcoin market is seems recovering. For the long awaited bitcoin correction hold on to be in profit again.

I totally agree with you. I believe that not only will the price of bitcoin go up, but the bitcoin market is recovering.

yes it is and easy to guess for the old players actually they are waiting for a moment like yesterday that pointed out that moment can still happen and it is a chance to buy again and if you see the price back up for now imagine it how fortunately when you bought yesterday bitcoin at a price of $ 5-6k.

Remember that Santa Claus also suffers budget cuts and bitcoiners parents have to pay part of their expenses these days! But in a few days we will resume the upward trend, without a doubt. Well the massive correction is here. Hang on for the ride newbies! 30% is about where this should stop, but we'll see if we're going to have a bear market for a bit here

Correction itself are over for now. But, anyway, only when Btc will go through 20, and then will find support there, we will be able to think about second to-the-moon, now take big care at the level 13, and mostly - 16. there will be fight

 I prefer to believe that many people invested in bitcoin earlier this year expecting a good return, and once they reached it when the price touched $20,000 a few days ago, they considered it the ideal time to take profits.I think in a few days we will resume the upward trend, without a doubt

I think that Bitcoin will have difficulties to go over 12k. There are many people that bought the DIP at 6k and they will take their 2x profit when BTC reaches 12k - I expect a strong resistance at 12k in upcoming days. The market acts really strange last couple of days - bitcoin is very stable, but all altcoins including Ethereum are going down.

Currently Bitcoin is showing long term correction because in 7 months bitcoin touch the price from $1200 to $20,000 and now after December their price is start to down, if the price is taking 7 months to up then just wait their long term correction, one thing is in this duration is the best condition now to buy anything from crypto market,

In investment in order to avoid loss and increase the return on investment on it is to wait too long. Yes, waiting for a longer period of time helps the investors to become financially stable and helps the economy to become more productive and sustainable which great thing.

Actually the correction changes in market value, there may be a positive or negative effect that may occur but all I know all of this has a significant effect in our investment. We should keep longterm investment and long time to wait in order to earn instant income.

I think that very awesome moment in every investors who waited a longer period of time for that because now they can feel that there is income and a favourable result to them.

That is great that the long awaited bitcoin correction will come because it will brings lot of opportunities which is a great thing for having lots of income and great fortune as well.

The opportunity of this correction has a good impact to bitcoin economy in the recent times, which each and every value of cryptocurrency fluctuates. Demands will eventually increase as long as it creates a good community, yet people would be confidently having good interest towards investing bitcoin as their long term assets. However this can be challenging if it takes too long to wait for, but so rewarding when your profit grows too high.

The correction has already followed, the other thing that the maybe the price is not so good as it could be or as we wanted it to be.
The green wave will follow, but not right now and maybe not in the near future.