Morecoin analysis [bitcoin/USD market observations]

[tokeweed]

Maybe ￥200(or lower) will become a new normal soon.

I am beginnng to think this.  Sub $100 might be where we're going and stay there for a while.

its mean u want bitcoin under $100 in this week or month?

No.  Its mean that it will happen regardless of what you want to happen.

[klintay]

bitcoin is heading to 150-100 usd...don't be a fool sell now while there are still people to buy at $200+ usd!

[Amph]

it seems that whales are trying hard to push this baby under 200, to force bitcoin holders to dump their bag

who will continue to hold now will be the real winner, don't be fooled by the manipulation

[BitmoreCoin]

it seems that whales are trying hard to push this baby under 200, to force bitcoin holders to dump their bag

who will continue to hold now will be the real winner, don't be fooled by the manipulation

If it is below $200, I will buy some.

[randy8777]

it seems that whales are trying hard to push this baby under 200, to force bitcoin holders to dump their bag

who will continue to hold now will be the real winner, don't be fooled by the manipulation

If it is below $200, I will buy some.

same here. but i think buy support will maintain $200 if the dumps are not major. but there are always traders who intentionally dump a huge load of coins just to trigger panic reactions.

[klintay]

We will only see a bottom and reversal after the panic sell...that is how markets work..there is no point fighting it you might as well embrace the coming carnage  

[d5000]

It is now the third or forth time BTC reaches this price level. I am not too bullish for now, but I interpret it as a sideway movement with ups and downs. May not be a bad time to buy.

[farting_shot]

Definitely a bad time to buy. Bitcoin's death march to zero continues.

[Morecoin Freeman]

My buy orders at $220 went through = successful weekend.

[yayayo]

I really doubt that $215 was the bottom. I'm not even sure that ~$160 was the bottom.

Although sentiment has turned more negative in recent weeks, it's still too positive to think of a bottom. We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail.

So the bottom is in, when almost nobody expects it. But maybe there is no bottom...

ya.ya.yo!

[1Referee]

I really doubt that $215 was the bottom. I'm not even sure that ~$160 was the bottom.

Although sentiment has turned more negative in recent weeks, it's still too positive to think of a bottom. We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail.

So the bottom is in, when almost nobody expects it. But maybe there is no bottom...

ya.ya.yo!

At this point from the looks $200 level has decent support, but if it goes below that we might see a tiny flash crash when stop loss orders get activated.

I am happily waiting for a few buy orders to get filled if so. But don't really think it will happen.

[kenscho]

maybe its good when the btc falls... then he will raise up

[yefi]

I really doubt that $215 was the bottom. I'm not even sure that ~$160 was the bottom.

Although sentiment has turned more negative in recent weeks, it's still too positive to think of a bottom. We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail.

So the bottom is in, when almost nobody expects it. But maybe there is no bottom...

ya.ya.yo!

If we can't stage a recovery from here and the previous bottom around 160, then my next interest zone would be between 32 and ~70. This, of course, assuming that it isn't surpassed by another crypto, in which case our escapologist might never emerge from its shackled coffin.

[pitham1]

My buy orders at $220 went through = successful weekend.

You should wait for another couple of weeks before declaring that.
If Bitcoin goes to $200, you might want to take that back.

[ensurance982]

...
We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail.
...

Well things actually do look kinda gloomy around here and on /r/Bitcoin and /r/BitcoinMarkets. I admit, I don't know how dark they still need to get in order to call this true despair, but they aren't exactly bright right now. Can't we just go ahead and ban exchanges that allow shorting?

[klintay]

...
We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail.
...

Well things actually do look kinda gloomy around here and on /r/Bitcoin and /r/BitcoinMarkets. I admit, I don't know how dark they still need to get in order to call this true despair, but they aren't exactly bright right now. Can't we just go ahead and ban exchanges that allow shorting?

Its not the shorting that is killing btc it is the fundamentals...market sentiment...unrealistic expectations of the community being rethought, etc

[quentincole32]

Maybe ￥200(or lower) will become a new normal soon.

I am beginnng to think this.  Sub $100 might be where we're going and stay there for a while.

its mean u want bitcoin under $100 in this week or month?

lol sounds like he really want it happened, support bitcoin with buy it as much as you can with your strategy.

[bitebits]

Maybe ￥200(or lower) will become a new normal soon.

I am beginnng to think this.  Sub $100 might be where we're going and stay there for a while.

its mean u want bitcoin under $100 in this week or month?

tokeweed is just fooling around and talking his books  . So the answer to your question is: when short yes, when long no.

[Amph]

...
We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail.
...

Well things actually do look kinda gloomy around here and on /r/Bitcoin and /r/BitcoinMarkets. I admit, I don't know how dark they still need to get in order to call this true despair, but they aren't exactly bright right now. Can't we just go ahead and ban exchanges that allow shorting?

Its not the shorting that is killing btc it is the fundamentals...market sentiment...unrealistic expectations of the community being rethought, etc

all those things come because of the 1200 -200 dump, not for everything else, criminal/whale/miners/ they helped the dump but in small percentage, the real factor was that monstrous pump,  which brought the price to the current value

[farting_shot]

Drop, sideways, drop, sideways, drop, sideways, drop...

Bitcoin death march to zero continues.