~415 - Break out up, or down?

[Pollak]

It's been going down but I think it will bounce back in a couple of days

This is good for people who want to invest into bitcoin right now

[lexuz]

After break $360 price continue up but now seems want to goes down.. If the price broken below $360 surely price can goes down to $300

[dinda22]

i do not know, but we should be able to touch $400, the current price is $376 so it was very close and I hope it does not break out down before touch $400

the price slowly but sure still climbing i think it would be reach to $400 before christmas but my questions could the price stable if reach to $400

I have sold some bitcoin when the price of $367 and before falling to the current price $360 . Are you sure Christmas will affect the price of bitcoin?

[r3t4rD4life]

Meh, I was waiting for a little higher to sell, and I have no funds available to buy. Hold it is.

[LuckyYOU]

i do not know, but we should be able to touch $400, the current price is $376 so it was very close and I hope it does not break out down before touch $400

the price slowly but sure still climbing i think it would be reach to $400 before christmas but my questions could the price stable if reach to $400

I have sold some bitcoin when the price of $367 and before falling to the current price $360 . Are you sure Christmas will affect the price of bitcoin?

It's possible that Christmas could have somewhat of an effect to it but don't think it will be much.

If the value decreasesaround Christmas I might make my way to some exchanges

[Mickeyb]

Huge drop this morning from pretty much $380 all the way down to $353 on Bitfinex! All of the rising we did in the last few days was lost in one single sell.

I have no clue who has sold! Is it some big Chinese miner or are we being manipulated once again!

[feryjhie]

Big drop in this morning, in coindesk from 379 down to 364.

I think this price have manipulated by some people who do not want bitcoin going to 400.

We'll see more drops like this in the coming week

[randy8777]

Big drop in this morning, in coindesk from 379 down to 364.

I think this price have manipulated by some people who do not want bitcoin going to 400.

it's what we consider a normal correction nowadays. i won't be surprised if we see the price back at $380 tomorrow or the day after that. it goes up $20, and it goes down $20. it's very predictable. people make nice profits when they ride these waves.

[r3t4rD4life]

Big drop in this morning, in coindesk from 379 down to 364.

I think this price have manipulated by some people who do not want bitcoin going to 400.

it's what we consider a normal correction nowadays. i won't be surprised if we see the price back at $380 tomorrow or the day after that. it goes up $20, and it goes down $20. it's very predictable. people make nice profits when they ride these waves.

If it's so predictable then I can assume you put your buy orders in at 360, and your sell orders in at 380 right? because it's just going to bounce from 360 to 380 and back to the end of time right, no risk involved 

[manis]

Meh, I was waiting for a little higher to sell, and I have no funds available to buy. Hold it is.

Holding is the strategy of a lot of people here.
We are long-term bulls. 

[uki]

Big drop in this morning, in coindesk from 379 down to 364.

I think this price have manipulated by some people who do not want bitcoin going to 400.

Once again, dropping the price down $20 is not a big drop. That is not even 10% of the current price. Come on guys! Bitcoin is very volatile and that is something normal in here. What happens now is that we established a trading range around $350 and we may move about $50 in each direction. If you are not a day trader or heavily leveraged (like 10x or more) just ignore this price action and think long-term. Such a $10 dollar move in the perspective of 6 months would be insignificant.
Otherwise, if you can't stand this volatility of Bitcoin, change to another trading asset.

[dinda22]

i do not know, but we should be able to touch $400, the current price is $376 so it was very close and I hope it does not break out down before touch $400

the price slowly but sure still climbing i think it would be reach to $400 before christmas but my questions could the price stable if reach to $400

I have sold some bitcoin when the price of $367 and before falling to the current price $360 . Are you sure Christmas will affect the price of bitcoin?

It's possible that Christmas could have somewhat of an effect to it but don't think it will be much.

If the value decreasesaround Christmas I might make my way to some exchanges

I think my view, maybe the price will go down when Christmas comes, maybe they will sell for the purposes of christmas

[Amph]

Big drop in this morning, in coindesk from 379 down to 364.

I think this price have manipulated by some people who do not want bitcoin going to 400.

it's not that they don't want, it's their decision to do an increase to 380, they play with the market for accumulating more at every range

so they actually want to go to 400, but not with their money, therefore they start the pump and wait for the fish to finish it

[QuintLeo]

Technical analysis on a market as small and immature as Bitcoin is pretty much worthless.

 It's like trying to do technical analysis on a penny stock - any news moves the stock a TON more than anything technical analysis looks at.

[Proxiebuier]

some hours ago  bitcoin price down under $350
and i see some good news like http://www.coindesk.com/bitcoin-taiwan-retail-familymart/

i hope we can reach $400 again in this week

[bitlancr]

I don't mind the drop, it gives s few of us a chance to invest more into bitcoin. Before it goes back up again.

I wouldn't be surprised if it kept dropping until next year.

[richardsNY]

I don't mind the drop, it gives s few of us a chance to invest more into bitcoin. Before it goes back up again.

I wouldn't be surprised if it kept dropping until next year.

Yes. People will most definitely use this price drop in their advantage to buy in more. I think we'll see $400 again this year for a very short time, and see the price fall back to below $400 again.

[pissedoff]

I don't know the first thing about TA but I believe the price will break soon either up or down. Anybody got any guesses?

My guess is that the price will increase and become stable somewhere around $400 by the end of this year.

[pissedoff]

some hours ago  bitcoin price down under $350
and i see some good news like http://www.coindesk.com/bitcoin-taiwan-retail-familymart/

i hope we can reach $400 again in this week

I don't think that if some retail store in taiwan starts to accept bitcoin it would move the price up.

[tmfp]

My TA take on it fwiw, is while higher lows continue so will the bull move attract buyers on a pullback to around 330, then a break of the recent high around 380 would be on the cards within a month.