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Author Topic: It's about to drop  (Read 3034 times)
Fontas Returns (OP)
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September 08, 2015, 12:24:39 AM
 #1

This pump that started this weekend is about to fizz out. Time to exit. Now.
Chef Ramsay
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September 08, 2015, 12:36:11 AM
 #2

Still long from $226. Market is in reaccumulation right now; I can't see it coming down from here unless demand completely dries up over the next few days. In that case stops are set to keep a slight profit.

A horizontal point and figure count of the sidways area from 8/18 to 9/2 shows that enough force of accumulation has been built up to advance the price about $40, so $260-$270 is the next stop medium term. At that point the market should show us at least one tall green bar on the daily chart on good volume (a sign of strength) to confirm that the rally has gained enough of a following to push above the $26x resistance area.

Unless of course, this is just an Ashley Madison pump.
tyrexs
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September 08, 2015, 12:54:05 AM
 #3

pump for this month already over buddy, sell your bitcoin now because i see price will drop below $230 Wink

Fontas Returns (OP)
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September 08, 2015, 12:56:57 AM
 #4

Looks like it's gonna flash crash back to about 225.
Pathi
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September 08, 2015, 01:02:46 AM
 #5

Looks like it's gonna flash crash back to about 225.


Nope, I am not buying coins this week. Price will stay the same or go up.
Fontas Returns (OP)
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September 08, 2015, 01:06:43 AM
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MACD Showing strong reversal imminent. 225 will be here fast. When the red candle hits it's gonna be a bloody waterfall. Sell now. Sell hard.
NorrisK
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September 08, 2015, 07:01:50 AM
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Or just do nothing and keep increasing your holdings over time? No need to day trade in this game imo..
koryu
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September 08, 2015, 07:55:23 AM
Last edit: September 08, 2015, 08:28:15 AM by koryu
 #8

my fibonacci says if we break out 243.91 next target is 258.06  Smiley

randy8777
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September 08, 2015, 08:14:00 AM
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i also think it won't rise further, for now. $250 looks like an easy target but i don't think we'll see the price go over that level.
inca
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September 08, 2015, 10:14:25 AM
 #10

Looks like it's gonna flash crash back to about 225.


Nostradumbass to the rescue!
Denker
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September 08, 2015, 11:01:21 AM
 #11

This pump that started this weekend is about to fizz out. Time to exit. Now.

Aaahhmm no thanks! I prefer to keep and hodl my stash as long as cryptos will exist.
Everytime I see someone like you coming here and proclaiming doom I'm doing exactly the opposite. So thanks for confirmation of getting cheap coins. Grin
Denker
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September 08, 2015, 11:04:40 AM
 #12

i also think it won't rise further, for now. $250 looks like an easy target but i don't think we'll see the price go over that level.

Doesn't matter. Even if it drops it won't go deeper than 220 or so. We're seeing a bottom here. Everytime the price went under 200 it bounced back immediately. So if you're not trading but be in for the long haul there is no reason to worry now.
premium_domainer
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September 08, 2015, 11:57:01 AM
 #13

$260 is next stable point and it's on the way up  Cheesy

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Herbert2020
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September 08, 2015, 04:47:01 PM
 #14

This pump that started this weekend is about to fizz out. Time to exit. Now.

i don't see any bad news on the way that can reverse this upward motion of bitcoin price.

it is somewhat stable and going up.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
mrhelpful
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September 08, 2015, 06:42:16 PM
 #15

i also think it won't rise further, for now. $250 looks like an easy target but i don't think we'll see the price go over that level.

Doesn't matter. Even if it drops it won't go deeper than 220 or so. We're seeing a bottom here. Everytime the price went under 200 it bounced back immediately. So if you're not trading but be in for the long haul there is no reason to worry now.

Yeah, seen it way too many times lol. Goes down, then recovers 2 week periods or a bit more.

People jump ship then ended up going back in, cause it wouldnt fall any lower. The price wont go any lower, unless its a technical issue with bitcoin or something making people to drop the coin, and thats when I assume it`ll ever fall below.
airsounds
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September 08, 2015, 06:57:48 PM
 #16

i dont think the price will start dropping it might grow even more

Morecoin Freeman
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September 08, 2015, 07:03:22 PM
 #17

OP is short. Obviously.

Ask the stranger he knows who you really are.
MF Doom
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September 08, 2015, 09:11:05 PM
 #18

This pump that started this weekend is about to fizz out. Time to exit. Now.

i don't see any bad news on the way that can reverse this upward motion of bitcoin price.

it is somewhat stable and going up.

I dont think the price necessarily will go up further than it has risen in the last few days ($240 range), but stability does seem to be forming at the $225-$250 range.  No bad news that I can see, adn you've got to think almost all "weak hands" are out by now.
Mickeyb
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Move On !!!!!!


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September 08, 2015, 09:26:46 PM
 #19

The biggest truth around is that really nobody knows what a hell is going to happen! Smiley We are just all guessing and very often, Bitcoin just takes us for fools and does its own thing.

Sorry OP, but you are in the same boat as all of us, obviously!
suda123
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September 08, 2015, 09:59:31 PM
 #20

This pump that started this weekend is about to fizz out. Time to exit. Now.

oh shizz this early, I thought mid september 15th ish lol
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