$3638 on Bitstamp is the bottom of my little triangle. If we break that on Bitstamp, good chance all hell will break loose again.
doesn't look good |
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What bothers me is we are getting well ahead of schedule. We shouldn't be into $3k before January.
whats bothering me is the lack of any bounces for months now, flat or down, that seems to be it. |
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4k bitcoin buy wall on Bitfinex at $3,500. All past experience indicates that whoever is trying to drop the price wants it to crash below $3,500.  This is not cool. looks like we'll be getting down there soon |
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According to this, one can go long at between now and whatever low next 24-48 hr would bring and expect a short term bounce to 6500-7000.
It is very hard to quickly turn around an aircraft carrier sailing at 30 knots. Not impossible but very hard. Yeah, I'm not really seeing any bounce happening for a while, the order book on the sell side was very thin a couple hours ago and nothing no bounce. Seems no one has any money or incentive to buy at this price. |
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bitcoinwisdom, for stamp is saying 2000 coins bought price goes up 40%. 2000 sold goes down 5%. anyone want to buy 2000 coins?
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order book on stamp is looking a little skewed.
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Hey Hairy, This fits, I think we will find a bottom soon. The problem I have with this is there has been no bounces in months, just flat and falling, that can't be good |
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Approaching support zone
Possible bounce zone too If BTC recovers as soon as it crashed, it's going tp be amazing I just can't see that happeining  |
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But keep buying at a regular interval, so you don't regret not being brave during the bear run
Each to their own, but I'm a believer in patience in a bear market. Jumping in too soon is the automatic response. I'll buy in 2019 when that response is exhausted. a lot of people buy a little each time they are paid, I don't think that stops at any point. But, you may stop seeing people say it I guess. |
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Are we even going to recover from this?
It’s like a fucking avalanche over the last couple of weeks.
Its gonna take time man, and we can lower still. At these times you have to ask yourself 'am I a true believer in what btc is and can do' if yes you have to just weather the storm, it will be painful, but eventually the price will go up again. It always has, and bitcoin is mathematically designed to keep going up in price over the long-term, providing there is continued demand (doesn't even have to be increasing demand). |
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I think we have definitely hit capitulation. Even I who has since $19,000 thought every dip would recover and noting was a downtrend think we're going even lower.
Me too |
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What the fuck is going on?
Does the whales know something we don't? Is there a fukiing reason for this Carnage?
Its a market cycle. Wait a year and we will be back in a bull market. But keep buying at a regular interval, so you don't regret not being brave during the bear run |
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So I have a theory about the last bear market turning into a bull and I wonder who here thinks it might be the case.
1. we have a crash from bubble highs and bear market begins for whatever reason.
2. all the newbies who recently bought on the way up during the bubble with dreams of instant lambos start panic selling.
3. meanwhile the true believers hold onto most of there coins, and as the prices start going low enough begin buying.
4. now, the price is still going down over the months and many of the panic sellers gradually sell their holdings.
5. eventually, only the true believers are left, and they are still buying on a regular basis and now that the price is so low, they are getting a lot of bitcoins for their fiat.
6. I don't think any significant amount of newbies are starting to buy now, everyone thinks bitcoin is dead and have forgot about it. demand is sole from the believers.
7. being that the believers are getting a lot of btc from their fiat again, it is enough to sop up supply, price stagnates, then turns. Believers get excited about a change in the market and start buying a little more.
8. at this point the halvening comes, supply has fallen, but demand remains the same. We eventually get to near ATH again and the media starts posting articles about btc.
9. the newbies start coming again, and begin their buying, more demand breaks old ATH and we are off to the moon with another bubble.
So what do you all reckon? If if this theory is somewhat accurate will the cycle happen again?
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So I wake up, and think I think there's usually a dump at this time, I better go check the price. Damn it, I hat e being right some time.
Anyway according to a lot of people $3000 is buying zone, is anyone buying though. I will buy every payday as usual, which means when the price goes down I get more btc for my money. Yay, at least there is that.
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Is now a good time to buy?
its better than what it was a week ago. mind you might be an even better buy in a week. if your in for the long term, just buy some at regular intervals, no matter the price. Every payday is what I do |
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no follow through on this little pullback and no volume, prepare for lower prices
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I think that CSW asshole shorted the market big time before engaging in the ridiculous war against Ver/Jihan. He always knew he couldn't win.
wouldn't surprise me, socio/pschopaths like to destroy everything they can't control or win over. If that is the case I take solace in knowing that he will fail. Watch where he is in 10 years, he'll be out of this industry and trying the same shit with another. The guy is a con man. |
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Snapback, confirmed.
not strong enough yet to be anything but temporary. |
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It's interesting how even long timers forget how this market works. This is nothing out of the ordinary, just annoying.
That's true, but, it still feels like shit for a lot of people. |
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