Back to 220-240?

[spazzdla]

Appears we might be headed back to the 220-240 range again.

[Fakhoury]

What is the reason for this ?

[spazzdla]

What is the reason for this ?

Why do I require a reason?  This isn't harper land I shall ask as I please .

[Fakhoury]

What is the reason for this ?

Why do I require a reason?  This isn't harper land I shall ask as I please .

Hold down your horses and relax.

My question is simple, why do you think we are heading to that region ? Why not going up for example ?

Have something good to say, let it out, not, save it to yourself !!

[spazzdla]

What is the reason for this ?

Why do I require a reason?  This isn't harper land I shall ask as I please .

Hold down your horses and relax.

My question is simple, why do you think we are heading to that region ? Why not going up for example ?

Have something good to say, let it out, not, save it to yourself !!

Sorry didn't mean to come off as a douche.  Lots of new oppressive laws coming into play in Harper land aka Canada.. has me moody lol.

I really like your signature by the by.  

Mainly.. although this is super silly.. the tea cup pattern completely fell apart lol.

I think perhaps the 220-240 range as the BTC price was there for months.

[Amph]

What is the reason for this ?

Why do I require a reason?  This isn't harper land I shall ask as I please .

Hold down your horses and relax.

My question is simple, why do you think we are heading to that region ? Why not going up for example ?

Have something good to say, let it out, not, save it to yourself !!

maybe because we can't break 300, and like the last time the price tanked afterward, but the last time, we didn't secured the 250 first, like this time, and we went straight to 300

this time is different, there is no more sub 250 or 275 for that matter

[ask]

We will go under 200

[Acererak]

Going under 200 would be a magnificent buying opportunity.

If you buy derivative long options at an exchange like BitMEX for price increases above $300, and you hold your physical bitcoin purchase dollars to wait on a price dip to $250 or below, then you are pretty well covered either way, and increasing your equity in the BTC enterprise.

Volatility can be profitable. Volatility is like air turbulence, you get through it by letting yourself believe that it will end well for you.

[Fakhoury]

What is the reason for this ?

Why do I require a reason?  This isn't harper land I shall ask as I please .

Hold down your horses and relax.

My question is simple, why do you think we are heading to that region ? Why not going up for example ?

Have something good to say, let it out, not, save it to yourself !!

maybe because we can't break 300, and like the last time the price tanked afterward, but the last time, we didn't secured the 250 first, like this time, and we went straight to 300

this time is different, there is no more sub 250 or 275 for that matter

What is the reason for this ?

Why do I require a reason?  This isn't harper land I shall ask as I please .

Hold down your horses and relax.

My question is simple, why do you think we are heading to that region ? Why not going up for example ?

Have something good to say, let it out, not, save it to yourself !!

Sorry didn't mean to come off as a douche.  Lots of new oppressive laws coming into play in Harper land aka Canada.. has me moody lol.

I really like your signature by the by.  

Mainly.. although this is super silly.. the tea cup pattern completely fell apart lol.

I think perhaps the 220-240 range as the BTC price was there for months.

I'm not longer a bull, doom is coming and sub 200 is waiting for us.

[phoenix1]

I'm not longer a bull, doom is coming and sub 200 is waiting for us.

No doom, just boring times ahead for several months (unless you playing with big leverage). Step back and enjoy something else for a while ...
My prediction (sorry - "guess") ... we dont break $200 or $400 this year, and daytrading in this low volume, low volatility market will be unprofitable for all but a very small minority of very experienced traders glued to their screens, trading with high leverage, and a few lucky minnows too...
Have fun!

Feel free to quote this anytime .. I'm just throwing it out there ... no attachment to being right or wrong on this.

[Mickeyb]

I'm not longer a bull, doom is coming and sub 200 is waiting for us.

No doom, just boring times ahead for several months (unless you playing with big leverage). Step back and enjoy something else for a while ...
My prediction (sorry - "guess") ... we dont break $200 or $400 this year, and daytrading in this low volume, low volatility market will be unprofitable for all but a very small minority of very experienced traders glued to their screens, trading with high leverage, and a few lucky minnows too...
Have fun!

Feel free to quote this anytime .. I'm just throwing it out there ... no attachment to being right or wrong on this.

Honestly if it happens like this, it wouldn't be too bad for Bitcoin. Some stability and less manipulation is exactly what we need. Now, I feel sorry for the day traders if this happens, but in my opinion, day trading hurts bitcoin more than it helps it.

[randy8777]

that's a bit too low. i think at the lowest we might touch very low $270 but definitely not below that. at this point the direction is uncertain for most people.

[jeannemadrigal2]

I don't think so.  I think we go up from here, but I would be really glad to be wrong so I can buy some more cheap coins.  I see the trading range 280-295 or so, until upper resistance is broken at some point later this year.  Then it is up and away.

Of course I am a noob so don't buy on my advice.  But I don't really see why it should go down from here.

[hodlmybtc]

Drop a couple $ and immediately insane bear talk, wtf we're in an uptrend and these price levels are still bullish. You guys are having the battered bull syndrome because of the long bear market.

Long 283, I found this 4H 125 EMA (~21 D EMA) , it has been very strong and accurate support this rally, also we're sitting on the .618 retracement from the rise from 272-298.

Hidden bull divs on multiple oscillators (just 3 on chart to not ruin it), normal bull div on UO showing momentum to the upside.

Also RSI and godmode levels are around the lowest levels they've been so far this uptrend.

I hope I can keep this long open for a long time, but I will take profit on the way up at resistance levels and try to get in back lower, resistance levels 290, 294, 300, 305, 315, stop loss for this trade 279.

If 279 breaks on good volume we will probably see 275-272 which would also be a good long opportunity, also a short from 279 to 275-272 is probably good.

[srgkrgkj]

hmm OP think positive I think that the lowest we could go is $250 even with laws and regulation but we always manage to bounce back as after all bitcoin is completely speculative

[g1974ak]

Appears we might be headed back to the 220-240 range again.

I think not. I think it will go high or at least will be stabilized in about 300. It was hard to go there why must be down now? We must pray and bitcoin will hear our prayers....

[NorrisK]

A week of prices being a bit lower does not implicate a new down trend.. We are just in a correction from overshooting 300 too early.. Just wait another week or two and it will become exciting again.

[Amph]

Appears we might be headed back to the 220-240 range again.

I think not. I think it will go high or at least will be stabilized in about 300. It was hard to go there why must be down now? We must pray and bitcoin will hear our prayers....

people cannot accept that this is the same exact situation that there was with 220-240 range, little swing here and there on random day, but in the end the price is rock solid

there is no sign of abating, it's crystalline that we are establishing  this floor for quite some time like we did with the past ones

[kwukduck]

A week of prices being a bit lower does not implicate a new down trend.. We are just in a correction from overshooting 300 too early.. Just wait another week or two and it will become exciting again.

I doubt it. The hype didn't last long this time and the downward pressure is ginormous. We could even be looking at new lows for this year.

[BillyBobZorton]

We are still holding on the 280 ish territory. Im not worried about downtrends and welcome them. Every day with a price under 1000 is a happy day of cheap as hell Bitcoins. The insane potential for this once-in-every-1000-years technology is beyond imagination, therefore, everyday that Bitcoin is acquired at low prices is something worth celebrating for.