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dothebeats
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Activity: 3780
Merit: 1355
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October 31, 2015, 05:18:56 PM |
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Yes it is,and it seems that we will be touching sub-$300 again. We'll see in the next days. Hard to jump on conclusions, though, seeing that it is weekend and we all know the market is kinda gloomy and lazy. |
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Thenoticer
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October 31, 2015, 05:21:03 PM |
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Also are you still holding to your bitcoin price prediction of near $150 as low?
Of course. Remember I wrote it would bounce up to $380 max (after hitting my $315 target exactly this summer and declining) on a bounce. Gold bounced first, and now Bitcoin follows. Both are headed to lower lows. Hmm, $322 btc , it's nearly time to get those buy orders in.
Im thinking put in some buy columns at $150, $160, $170, $180, $190.
These orders might not be filled easily. You need to put the buy orders a bit higher to have a greater chance. |
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Amph
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Activity: 3248
Merit: 1070
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October 31, 2015, 06:43:16 PM |
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well it was expected, those pump that rise so slowly, or in the same range, are there because someone want to, there are no fresh money involved, a bunch of nerd traders are playing on the market |
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pereira4
Legendary
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Activity: 1610
Merit: 1183
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October 31, 2015, 07:09:27 PM |
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It's not losing steam, is yet another correction. Look at Bitstamp and notice the 296 peak, then the 278 correction. Correction happens all the time. Now is when daytraders and whales that didn't buy in yet get nervous and wait for a perfect price, then it shoots up again. Give it like 12 to 48 hours.
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dothebeats
Legendary
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Activity: 3780
Merit: 1355
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October 31, 2015, 07:37:24 PM |
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It's not losing steam, is yet another correction. Look at Bitstamp and notice the 296 peak, then the 278 correction. Correction happens all the time. Now is when daytraders and whales that didn't buy in yet get nervous and wait for a perfect price, then it shoots up again. Give it like 12 to 48 hours.
Actually, it was fun to watch those sell-offs at Kraken and Stamp earlier, only to be bought up again.  This run needs to rest for a bit, I guess. We still have the momentum. I just hope it don't overshoot and maintain a stable price first before moving upwards again. |
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Cereberus
Legendary
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Activity: 910
Merit: 1000
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October 31, 2015, 08:40:28 PM |
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It's not losing steam, is yet another correction. Look at Bitstamp and notice the 296 peak, then the 278 correction. Correction happens all the time. Now is when daytraders and whales that didn't buy in yet get nervous and wait for a perfect price, then it shoots up again. Give it like 12 to 48 hours.
Actually, it was fun to watch those sell-offs at Kraken and Stamp earlier, only to be bought up again. This run needs to rest for a bit, I guess. We still have the momentum. I just hope it don't overshoot and maintain a stable price first before moving upwards again. We need stability then everybody would be more relaxed. Jumping to conclusions doesn't matter too what it does at the end of the day. |
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erikalui
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Activity: 2632
Merit: 1094
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October 31, 2015, 08:49:53 PM |
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It increased to $328 and now it has decreased to $320. Following the trend, it will again reduce to $250. However, I am happy that it atleast reached $328 which was looking impossible few months back but now $350 also seems reachable.
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2legit2
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October 31, 2015, 09:01:19 PM |
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its coming back to 300 dollars and it will most probably go down even more
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Pab
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Activity: 1862
Merit: 1012
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October 31, 2015, 09:20:26 PM |
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its coming back to 300 dollars and it will most probably go down even more
Like i see trading now and chart from today buy support is on 307$,if will be defended,than we can expect move up after consolidation above307$,if not next buy support i see on 280$ Soon we will know |
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Mickeyb
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October 31, 2015, 10:27:50 PM |
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its coming back to 300 dollars and it will most probably go down even more
I am afraid that you might be right unfortunately! If we break $300, it will be dumped all the way to $280 in my opinion. It seems that the buy pressure has disappeared completely. It's crucial that we hold until Monday, I am sure that many people are waiting for their bank transfers to go through and show up in the exchanges. |
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BitcoinBlackjack
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October 31, 2015, 10:33:44 PM |
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Hopefully this is just the beginning! Back up we go!
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bitrev
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November 01, 2015, 02:29:32 PM |
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I predicted it for sure it will pass $300 and now i pray it to hit that $400 mark. Let the bitcoin take the rocket to the mooonnn!!!
I pray the bitcoin price not hit $400 mark by the end of the year. It should stay around $320 for some time to consolidate. I like that too. Get some resistance neir the 300 region. Then steadily flirt with the 350 USD barrier and eventually bypass 400 USD. In 2016 with the halving we could see a 500 USD worth of BTC. Wouldn't that be great peeps? |
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Lucas*
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November 01, 2015, 03:32:18 PM |
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its coming back to 300 dollars and it will most probably go down even more
i don't think bitcoin price will go under 300$ soon bitcoin will continue rising steady to 400$ by the end of novembre tho |
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uki
Legendary
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Activity: 1358
Merit: 1000
cryptojunk bag holder
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November 01, 2015, 03:49:06 PM |
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In current circumstance everything seems great but it is still better to be cautious.
I was planning to buy some but this sudden rise made me worried for bigger drop.
I would thread cautiously as well. The best indicator should be coming during the few weeks ahead which should give us a signal whether this increase will be sustainable. It will give us a hint on the direction that it is moving towards. If it continues to go up, we should see a breakthrough that will bring us to a new high and support level. That is also my opinion. In order to have a sustainable and a long-term rise you need to cool down the TA indicators. As long as the correction does not exceed 20% that is fine, and that is much better than a continuous rise without stops. In that latter case, after a sudden rise there is usually a sudden drop, which may be good for day-trading but is not good if you look in a longer time-perspective. |
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Luqman
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November 01, 2015, 04:11:54 PM |
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I hope Bitcoin going back to 1000$, seriously  |
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bitrev
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November 01, 2015, 04:18:49 PM |
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In current circumstance everything seems great but it is still better to be cautious.
I was planning to buy some but this sudden rise made me worried for bigger drop.
I would thread cautiously as well. The best indicator should be coming during the few weeks ahead which should give us a signal whether this increase will be sustainable. It will give us a hint on the direction that it is moving towards. If it continues to go up, we should see a breakthrough that will bring us to a new high and support level. That is also my opinion. In order to have a sustainable and a long-term rise you need to cool down the TA indicators. As long as the correction does not exceed 20% that is fine, and that is much better than a continuous rise without stops. In that latter case, after a sudden rise there is usually a sudden drop, which may be good for day-trading but is not good if you look in a longer time-perspective. Correct the same pattern will arise (back to 220-2240 usd), which would be terrible for the simple fact investors and holders can't maintain any uprise. |
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~Bitcoin~
Legendary
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Activity: 994
Merit: 1000
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November 01, 2015, 04:33:05 PM |
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The bitcoin price is not going to overpass 320 USD in the end of this year,
the temporary increase value is most probably due to some big whale enter the market
now due to low confidence in the banking system now,
when FED announced the increase of interest rate,
it means that economy is returning to a positive growth state.
more probably the big whale will return their temporay cash into banking system.
I will advise people not to wait the price to increase anymore, it will be steady(around 290-320) until end of 11.
I also think same as you, news about this decrease of interest rate thing was all over media 1-2 days ago. I have also sold almost half of coin and hoping this rise is only temporary one and price will again go down to 240-250$ mark where i can buy all my sold coin back with some bonus coins. |
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Finksy
Legendary
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Activity: 1022
Merit: 1003
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November 02, 2015, 01:17:27 AM |
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Is there really any other kind, despite what some would have you believe?
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sekaiissobig
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November 02, 2015, 06:51:51 AM |
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The bitcoin price is not going to overpass 320 USD in the end of this year,
the temporary increase value is most probably due to some big whale enter the market
now due to low confidence in the banking system now,
when FED announced the increase of interest rate,
it means that economy is returning to a positive growth state.
more probably the big whale will return their temporay cash into banking system.
I will advise people not to wait the price to increase anymore, it will be steady(around 290-320) until end of 11.
I also think same as you, news about this decrease of interest rate thing was all over media 1-2 days ago. I have also sold almost half of coin and hoping this rise is only temporary one and price will again go down to 240-250$ mark where i can buy all my sold coin back with some bonus coins. The point is that how much you have gain in this rising of bitcoin. By using this profit, you generate other profit if possible. Whether this increase is caused by people or nature, the price can't predicted so soon, as the economy of us and europe is still in a steady state without sign of strong positive growth. without the QE in europe, we can see a slow steady grow, while china, is keeping their currency down. So, more investors are going to keep their currency in high value things, bitcoin is one of the alternate choice. So, it is hardly to see the price go down so soon. |
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