Bitcoin Forum

MA, EMA, RSI indicators and weekly price change are all negative combined with increased trading volume.

http://cryptosignalz.com/bitcoin/

This is really bad news that the 16k Bitcoin support level has been broken and we can probably now see the price of BITCOIN CRASH HARD TO THE NEXT SUPPORT LINE of 12-13k USD. I smell disaster now for the altcoin markets as well because altcoins are pegged to Bitcoin so this will create a domino effect. I think with the latest hackings and problems on exchanges is also causing people to pull out their funds from crypto and into USD. Not a good sign in my books and maybe the end of a Bull run?

This is the brandly New Year Dip's, lmao.
Anyway, just lets see how it goes, i dont think that this dip will last for much time, just lets see how it goes.
And if last until the next year, i dont think why you all are worried about this.
We all knew that there was always going to be a dip after a huge pump.

I think price will recover sooner than expected, price can't go below $10k from the current level as there is still strong support around $15k.

The one who will sell now will loss, perfect time to take out profit was at $20k and current price is perfect entry point.

Tons of people are still buying these levels because "bitcoin will always go up". Once we go down further and brokers will have to auto liquidate margin positions the ball really starts rolling, panic will break out, people will ask themselves "what the hell did I even buy into", staring in disbelief at their portfolio's being wiped out.

Not sure if that's today though ;) But I honestly do think this will become reality pretty soon. The chart is getting extremely bearish already.

It officially entered bear market territory: https://economictimes.indiatimes.com/markets/stocks/news/take-note-bitcoin-has-just-entered-bear-market-amid-all-hype-hoopla/articleshow/62189564.cms

Also interesting, the big guys, the whales, have been dumping onto the 'little guys', (the forum visitors here). See: https://www.bloomberg.com/gadfly/articles/2017-12-21/bitcoin-whales-are-cutting-back

i want to expert in btc

It's not good news, but I don't know about really bad news. Yes, we now see the support level broken, but we've seen plenty of months of Bitcoin defiance to know by now that TA is practically inapplicable, not in the long and medium terms, less to say for short term dailies.

The support line of 12k and 13k is what I've been expecting after the climb to near 20k levels, so this is something a lot of people would and should have prepared for.

On alts, the current "pegging" effect has actually only repeated itself once before, earlier in April and May. In between then and now, alts have actually wilted when Bitcoin showed strength, so perhaps that can be the pattern they'll return to. Doesn't seem like it in the immediate moment, with LTC falling below 300 and Eth below 800, but I can see quite a few positive alt/btc pairs right now.

It broke down 15k already on Bitfinex and Kraken. Not looking good. Although it just bounced above 15k again on Bitfinex ... So bitfinex still holds ... for the moment

I thinks is time to HODL for 2 or 3 weeks if you didnt take profit on ATH leves, its christmas dip.

Btw, if you have money its time to buy potential Alts for the new year bump.

Damn the price has already gone to 15,200$ and the 16k$ support has already broken.The support is not backing up and BCH whales are also one of the reasons. Alts are rising in dollars and not in BTC. Sadly we only have one option and that would be to go with the flow.

Yeah, $16K has been broken several times but it keeps on recovering, however, its still trying to fought back. But I will remain positive though, I think this is just a new test and there are still a lot waiting in line. $15,200 is good enough for most of us to buy it back again so I think tomorrow will be different.

Bitcoin Cash is also down, so I'm assuming that everyone just cash it out on both coins. And almost all altcoins are also red,  so its Bloody Thursday, and everyone is bleeding. So we don't have a choice but to hold and ride the waves. Maybe tomorrow we will see all of them recovered once more.

I think we still have good resistance at the $15k levels and even if we get down to the $13k, that's when the recovery happened on the last dip, so as long as we don't break that one, things are fine, and we are not still on a bear market. Not saying it wont happen, but I'm still confidant on bitcoin.
I'm not doing anything right now, and I will wait for good signs of recovery. If we go to the $13k level, I will buy right away, and keep an eye on the price and wait for a recovery. If we keep going down, then I will have to sell, and wait for the bears to stop. I think if that happens, only good news like ETFs or the lighting network, could bring the price back up again, but as long as we have those positive signs in development, recovery and new all time highs are possible.

It really keeps on getting worse though, and I do think that the $13k resistance wouldn't hold long enough even though there is a large hype surrounding the futures market and big names investing on bitcoin. Well you can never go full bullish on to something for a long time and here we are, finally embracing a taste of a bearish market once more. Back to reality, we already had our own fair share of the profits. Maybe it's a sign that the bubble has been popped.

Aaaand here we go again, another attack at the $15.000 level ...

There are the big powers that be that want to destroy the Bitcoin price and we see it happening and the problem is when this happens everyone begins to panic sell and we are right at that point where people are debating whether to sell or hold. If we drop below 13k USD, we will see it down to single figures again and all the profit we will have gained over the last few months will be lost, both in Bitcoin and Altcoins unless you are one of those that keeps cashing out and are in profit.

I don`t see any panic, this xmas dump have been expected, and many people who have fixed their profit near $20K are now starting to re-enter, yet with small amounts

Also there are very many newbies who are entering for the first time, and they are not too patient to wait even for $14K, they agree to buy for 15-16-17 and even 18K

I see some little exchanges with low volume where the price has not been lower than 18K, and the rate at cex.io is still more than $17k, so I think the bounce is already happened and we will see the flat movement between 15-16 with ascending trend in the nearest days..

That's because it's a scam platform. They're not paying out anyone, read up here: https://www.trustpilot.com/review/cex.io (skip over the obvious post by their own people)


The panic will start once the people who are catching this falling knife ("because bitcoin will always go up !") will get margin calls. Remember that Japanese trade with huge margin !

At least falling back to near $10K, so I highly recommend not catching a falling knife at this level...
I expect an alt coin storm too

With this type of issue newcomers should study deeper and not to fall into panic, bitcoin always got a big re-bounce so even you bought yours at the hype then hold and forget about your btc allow the value to jumped back again don't sell with your loss its better to wait trusting this system.

I dont think so, I see really many people buying for the higher price, and of course they will not sell when they have just bought, maybe it will be stressful, but they will hold, that is why those who are waiting to re-buy, are already rebuying, though not for all the planned amount, and we can expect some panic rather between those who expect 10-12K when xmas dump will turn to xmas rally..

"Bitcoin, wait, where are you going, I want you back" ;)

I think it just be in short-term. Btc price has been to high to buy, so that the new people should not willing to buy. But in financial field, there is more tradings leading to more profits. So the big traders had sold to raise the volume. Don't panic.

Well I see bitcoin  going under 14000 in the next couple of days and before the end of the year to go back to its normal price.

Not big powers rather bitcoin was to designed destroy itself. How could someone create a new tech without an update? Bitcoin high transaction fee and low transaction speed are what is going to kill bitcoin not everyone else.

Hehe. Among all those posts that makes no sense, it's good to read finally some post that DOES make sense. "Big powers going to destroy bitcoin" haha. It's the bitcoin itself that's going to lead to its demise. It's currently even more expensive than an international bank wire, and that's supposed to replace traditional banking ? What a joke ! Anyway very well put, sir.

Wow it just broke $14.600 on bitfinex ! There's quite some big bids uptil $14.500, let's see if they're big enough ... If they get taken out then it's starting to get REALLY bearish

Wow there we go, they start taking the huge bids out ... DAMNNN what a a selling pressure is mounting now

AND GONE !! Below $14.500 now ,damn

$14.000 coming up, 331 bitcoins on the bitfinex bid, big again, let's see ...

WOW all gone in a few seconds, damn, these sellers are not joking around ! I wonder when the real panic selling starts, can't be too long away now... Flash crash below $10.000 is becoming a real possibility now. I think below $13.000 we'll start to see real panic.

I agree with you and I take safe step with exchange my bitcoin become currency and start again next year. Safe is my priority and until know give comfort and has income. Become part of btc trade/ invest at this moment is bad for me, the price, volume and news can't become to difficult to understand. Even now, I still don't have a good " open position " on the real market, afraid I think. Maybe my opinion is not brave and good as you have but I choose the safe way. Thank you.

I do hope that bitcoin won't dump lower that $13k. As of now it is around $14k. The extreme dump may be due to the holiday season and to the hackings of exchange sites. Still, I am wishing that bitcoin will recover its price. Hoping that hacked exchanged sites be fixed as soon as possible.

I've been in cash in my trading account for a week and I was annoyed that I wasn't riding the little bumps and dips in the price, working some profit out of it, but this evening, after seeing BTC shit itself over $2000 in a couple hours, I am kind of glad that I still have the same amount in CASH in my trading account.  :)

Buy back in cheap and ride it up again!

it reached last night 13000 Usd dollar and now it back to 14500 usd dollar as per coincapmarket , ans also check ripple price seems people start investing in ripple now
https://coinmarketcap.com/currencies/bitcoin/

its still trading at 16500$ at some exchanges as per record . hope its just the price correction and price will go up again after the holidays

Will reach 12k and will go up to stabilize, that is what I hope. 20k was too high of a peak

we can hope that this time bitcoin will be back to increase again although we do not reach the highest price. I check ripple and there are many people realize that ripple is going to increase more and makes them invest in ripple too. bitcoin price now trying to break the wall to increase the price and I think we can wait for a while and see what will happen in the market later.

Personally I keep most of my bitcoin !
AFAIK , some investor try to switch into BCH that cause bitcoin downtrend but I'm still not lost my faith to keep invest bitcoin until it reach another uptrend !

I guess $13k was the bottom. now we going up again. we'll probably go above $20k in january 2018.

BCH has nothing to do with bitcoin downtrend, it's also down. :P

You're welcome!

Entry point could only be considered when long MA flip over short MA with high trading volume. However, currently we're still deep in the bearish zone. 

You saw it very well and I totally agree AGAIN that it's still extremely bearish, I'm increasing my short again, I think it's going to break 10k today and might even go much, much lower. We've yet to still to see the real panic kick in, I think it's not too far away at this point. The people who've bought the falling knife "because bitcoin will ALWAYS go up !!" still need to be forced out of their entries and margin buyers will be auto sold. Then it will go really fast. I see $5000 as a possibility.

It was a huge rally up and now we are having the rally at the bottom, and not even sure if we have hit it yet. However, I am still looking for a good time to buy in more. I have bought some now and if possible buy more at dips or once there is a signalled break out. This is something that was expected to happen after the crazy ride. No point panicking, as the market will be back doing well again once the fall is finally over.

And there we go, again a new attack at the lows .. let's see if $12.500 is going to hold ...

Haha that went quick again, SOOOLD, $12.000 coming up, below that it will become really interesting. Quite some big bids here though, let's see if they're big enough.

To be honest, I don’t have enough knowledge about the bad news that is going on to the digital currency. Since there’s a rumor about pulling out their cryptocurrencies into USD then for sure everyone is starting to read some articles about the bad news because many of us can’t afford to lose so much money. This past few days, I’ve been expecting that the value of bitcoin will reach 20,000 but it seems that it will drop to 12k-13k.

I would not classify that as bad news. This is normal, needed and expected. Unless we want to head to the dooms day when BTC has attained a huge peak and then crashing down badly with a lot of people losing so much, then this was the best solution as far as I am concerned.

The fact is that we had a lot of FOMOs and a lot of them obviously have been shaken off right now and I am not surprised really, knowing that if that was not done, they really would not have learned some lessons.

It will actually recover to $20k very soon, but that does not mean we may not really be done yet. It is what it is and at least it feels good seeing the correction now. We may see some sideways for now, if there would not be any more dip until we are able to consolidate and the start the journey back again. Let everyone go and rest for now. The whole bull was too much for just one year.

It has been a very crazy one and there is just huge uncertainty right now and no one knows what can even happen next. It just keeps we keep breaking all the level of support and when you thought bitcoin already found a good support, then you see it crumbling down the more.

The market was overbought anyway, so, one would definitely expect this and moreover, there is a lot that Roger Ver has used his position to cause in this too.

Yeah, looks like the depth charts even out around a bottom of $11K ish at this point.  I'd say we could be headed down quite far again unless something spurs buying...

Depth charts don't say anything. Large players can make it look like the way they want in order to make the *less intelligent* market participants think we're about to go up or down. At this point it's more or less common sense that is giving you the better form of knowledge than any sort of analysis of the market. If analysis was the leading factor in a market like this, we wouldn't even come this far, because anything related to well documented predictions have turned out to not hold any value at all. It's like nothing of the past that applies anymore, which is exactly why even the more senior traders look like noobs nowadays.

This is not a slight decrease need not worry about this ,bitcoin many fans even millionaires just play this with big pump magnitude in this year, again do not panic will the news that is not necessarily true ,Let's just look at the beginning of the year a little more whether it will experience a grim phase

If the bitcoin hits $16,000 I think it was the perfect time to sell our bitcoin, because if not maybe it falls down again immediately. I believe to the capacity of the bitcoin but most of the users not support bitcoin because they switched to altcoins.

We suggest that you should be able to withstand the bitcoin till the end of this year, it will likely happen again at enhancing bitcoin with highest peak not only strong signal numbers bitcoin $16000 but could surpass than that, I'm sure all the users of the bitcoin will have the opportunity at the beginning of next year, therefore use this opportunity.

It brooke that wall and it started to go down, maybe your prediction was right, the price is extremely down right now and we all know that this is a "critical" situation, but the price is going to recover, the real question is "when?"

How trustable is the cryptosignalz website ? I haven't heard about it before.

That is just it for now, we just keep seeing how this goes and even if the bulls finally win clearly, I will still like to keep my doubts in one corner.

There is a lot of uncertainty right now but I believe that this is for a good course to the next line of action to new ATHs. Like you said, we all knew there would be one as the value just keeps going on and on without some very good time to correct. Now we just had the real big correction.

It was broken down but I'm seeing some resistance that's why the price is hovering above $14,000. From my view, there's no more dipping that is going to happened up to the end of the year. People have already cash out and investors will try to get back in at this current price, although its not gonna be what when we have seen before as this will be painful to see. The bears and the bulls out hustling but at the end of the day, the price will somewhat stalled to $13,000-16,000. The ever dream of $20,000 is out of reach. We should look forward to next year though and forgot the $20,000 for 2017.


Correct, sometimes its really better to see this sort of correction because we know what's coming next. But again, we should look forward in 2018. We won't see another bull run at the end of the year. I only hope that we are just consolidating and building a strong support because hearing the herds once more. For me, above $10,000 at the end of the year is really good. IMHO.

I've been saying the same thing for nearly 3 weeks now. But it was very obvious the fall from $20K to $11K was only the first leg. I personally think the second leg could bring us down to as low as $8K.

Yes, this could happen, but I hope it will NOT happen, though some part of my portfolio is in fiat now, waiting for cheap BTC ::)