Bitcoin Forum

That's my bet. We're going to revisit 270s on what it should be a double-bottom. The real double bottom. Afterwards I think price will increase again. Doesn't matter how much, there's some bucks to be made selling now, buying lower and then selling again when price goes up.

yes i have prediction bitcoin down to $300 or maybe can fall down to  $200

No way... btc>275$
Can you probe it? some TA ?

unlikely. op is probably shorting and trying to affect the market somehow by posting a useless thread.

if it happens it'll even go lower then

$270 is a big technical support and everybody expects it now. Like a self-fulfilling prophecy

I'll call 120$ and 89$ after that for the prophecies...

Jesus?

repent wicked men! The wrath of god is upon you. Turn to Jesus for saving of your souls, lovers of the mammon so you will no be struck with desease and misery.  

My sins are many, but my bitcoins are few..

turn to the lord and you may find forgiveness. Haleluja.  Your money won't save you from the coming times of chaos. Open your heart to jesus, the lord.

impossible. now the price is up and down at $350
it could down to $320 $310, never to below $300

Very true below $300 is almost impossible right now... People have been accumulating around this 350 range for a while now so we can expect a nice pop anyday now.
I am sure the pop will deflate same day to stick to the overall downward trend we had all year but regardless we will test 400 before 330. FACT.

I dont know I agree on the exact numbers but this seems reasonable. Long term trend is down, but short-mid, not really sure. Lots of up and down along the way to $50.

This trendline has never been broken and i suspect it will be tested again (It's sitting right about $270 right now)

Zoom out on Bitstamp 1W to see the trend

https://i.imgur.com/56nZY8O.png

^ you drew the line wrong & if you are talking about a price that distant, you are insisting we might test 600+ before seeing that low
Remember this forum is proof that flash crashes or extreme selling will not keep the price low for that long, you have plentyyyy people right now screaming about cheap coins and are willing to buy the entire way down.

This is why as of RIGHT NOW 300 is impossible & even 330 will be very very hard to hit.

yes, i have turned to Jesus a long time ago. I think you are actually in the exact right place to preach the gospel. Around here it's only worship of the golden cow.

The Golden Fleece more like

more like this:

http://assets.jw.org/assets/l/my/my_X/36.jpg

the price would come to $400 soon, look so far

Check 1w MACD (bottom of your picture). It is almost green. Look at your graph what happent when it is green.
Additional, look at 3d MA and 3d EMA - what happens when lines are crossing?

UP we go.

Yeah, we could really do with a double bottom to bury this god damn down trend once and for all, bring it on!

Lets get it over with.

If it means its the end of the downtrend  ;D

there is no bottom and this downtrend will not end any time soon.
Coins have a short life.
I do think the long, long, longterm trendline (on log scale) could even be broken this time and the panic will be EPIC!
I mean EPIC EPIC!
But that's still outside of your possible eventhorizon - that's why you will loose a lot in the event.

wait, fewcoins is bullish??

Yeah, he closed his shorts at $345

i closed my short around 350, but atm im inclined to open a new one.

not sure though if we will visit <300.

While further drops are possible very soon, the market is already in the oversold zone, so a dead cat bounce should follow soon.
Only after that DCB will the market test support at 275$. Unfortunately, bitcoincharts is missing the last 10 days for OKcoin,
and also last 24h for Bitstamp, so I can only rely on BTCChina for indicators.

Stamp hourly RSI is primed for another drop (bounced off 45 from the bottom) and 4hr is about ready to embed below 30. Both good for trending moves.
The 12 hour is in bearish, not oversold state and daily has reset since the $275 low. To me, nothing looks that oversodl  :P
DCB after $335-340 to complete the impulse down

It doesn't look that oversold yet, and it won't even with the expected drop, it depends how large the oversold zone is defined.
My point was that one shouldn't short close to the bottom of the possible drop, because a DCB should follow and could trigger a stop loss.
I expected a drop to happen, but with this shitty volume... However, when the market will test 275$, it will look bloody oversold.

but thats the perfect stage for a rebound.
lots of money to make in the upcoming months

Was bullish... Last time I was BTC went from 350 to 480+
I knew a pop was coming but that weak little bullshit to $360ish~ had me close out almost immediately!!!
Fastest $9,000 I ever made in my life. I don't get why you guys talk so long term when $30 plus or minus is already a great gain
Regardless, since I made a lot of money shorting the paypal pop & other "good news" I really can't treat this any different...
I know we will be down huge by or during the weekend... Monday's prediction can't be made yet.

You probably should at least start shorting a little... <300 is going to be hard... but the 4K+ coins that were removed from the orderbooks on the buy side around that area could have me very very wrong. There used to be huge walls from 330 down but all those people and more bought today.
Not much more support. Too many people too happy too fast...
Watch out below  :'(

If you are impressed by that, just wait until you see it disappear even faster. LMFAOOO

played that game too, until it never came back down.
Fastest 120 000€ i lost in my life
i "knew" it was going to go deeper...
hope you play it right

Most of us are not day traders.

Now that the Microsoft news came out, and the pump went up a measly $17ish dollars, we may hit the true double bottom of around 270.

we are on the down swing again, very possible it would seem.

i hope when Microsoft news came out, can help bitcoin price.

Yea the downswing is in full effect... We might double bottom around 270~ but that might not be the end. Definitely will be strong resistance

60 dollars to go until 270. Just saying.

Microsoft, ETF, Time, Dell, USMS... NOTHING HELPED. DO YOU THINK SANTA WILL???

Ship is going down and I was too much of a rat, hoping it will recover. Bitcoin was fun but fun days are over.

Oh man, you're right.  Such despair!  It's apparent now that I've read your very depressing post that Microsoft and Paypal and Time will very soon realize that it was a mistake to implement bitcoin and then all the venture capital firms are going to throw in the towel and bitcoin is just going to collapse to zero.  All the rabble rabble about Bitcoin being trustless and having virtually no fees and no borders and its use cases for things like smart conracts don't even matter anymore.  And since I don't believe in Santa than there's no more hail mary left for me to hope for and I think I'm just going to dump my coins on the market.   ::)

Just kidding.

Putting you on ignore

Oh man, you're NOT right. I never said or implied that all those big companies did a mistake. But you can't understand that I was just saying, even those big players came, price is still going down and it will go down (or at least not up to 10,000)

of course we are going down ,the bottom could be quite way down,

 BUT,  pick your moment as it will rise,patience grasshopper ;D

Once we get past 329, price will fall down pretty rapidly.

270 would be a double bottom - place your bets.

That bottom only held because of massive bidside manipulation last time. Mining companies will be out of business when 270 gets broken, hence they will do everything to manipulate the price. Just like a central banker, ironically.

If 270 gets broken, all them trading bots will get into full fledged panic mode.

That's the reason I don't think we'll go lower than 270, but very close it it. I'm still optimistic.

I'm not so sure: miners only have that much money to play around with. If a few whales panic the entire situation might turn real nasty real quick. If even one big whale decides to cash out, it will have a strong effect on the market. Let's see what the big players will do.

Tell me more.

Well it hit 326 on bitstamp and dead cat bounced back up to 332, but there's not much support to keep it there.

If things turn really nasty and we go to $120 the news will be full of bitcoin drops to a tenth of it's ATH stories. If it starts to rise after that I expect quite a few speculators might jump on board after hearing the news.

$340-350 for this bounce
~$300ish for the next round lower
Bounce
Then retest and quite possibly failure of the double bottom

Perhaps, but people hearing how low it's gone compared to it's ATH might consider it worth a bet that it might go up again.

Perhaps..

why is bitcion going down the last few days anyone knows? something specific happened?

The USD is pumping and Bitcoin bears are minting it short-selling BTC on margin, I think:-[

Edit: I guess that was more a recap than a reason. Also people are simply walking into Mordor and buying ripple now :o

this may explain the increased ripple

It's all very sinister I imagine

Remember every short is actually a contract to rebuy bitcoin at some point in time... so if the bulls squeeze the shorters out with huge market buys they would be forced to cover right away or they might even lose allt heir bitcoins to the exchange, who would probably buy more btc with it, instead of shorting it

why is "again"??

6 hours is hardly "some time".. Just saying.