Price rise is over

[WiiD]

MACD heading down, RSI is too high, MA and EMA not looking good.

This thing is going nowhere but dooown.

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[talks_cheep]

I told you it was a Pump-n-Dump scheme.

[bitcoinhopper]

MACD heading down, RSI is too high, MA and EMA not looking good.

This thing is going nowhere but dooown.

Lol, you've been posting about the rally stopping since October. 

I told you it was a Pump-n-Dump scheme.

...and you've been posting about the price dropping for probably all your posts... not sure about your credibility.

A smart trader would take advantage of the ups and downs.  Not really sure about your doomsday outlook, but I think if we hold $340, we're still rising in the broader sense since late September, early October.

It's time to sell. But most traders now that already.

I would buy again when the price is around 280 dollar. Maybe 270.

[r0ach]

I would buy again when the price is around 280 dollar. Maybe 270.

Me too bro, I'm going to buy at -$7000 so each Bitcoin I buy the exchange has to pay me $7000 to take it!  Oh wait, that doesn't seem very likely.

[croato]

Bitcoin is and will be very volatile for a while so ups and downs are nothing to be feared off. If you dont want to ride wawes and gamble your coins, best what you can do is to buy and hold. I guess next year could be very exciting and full if retarded threads like "sell your coins before it dump to $1" or "buy before we skyrocket to $1M".

[Bit_Happy]

MACD heading down, RSI is too high, MA and EMA not looking good.

This thing is going nowhere but dooown.

Lol, you've been posting about the rally stopping since October.  

I told you it was a Pump-n-Dump scheme.

...and you've been posting about the price dropping for probably all your posts... not sure about your credibility.

A smart trader would take advantage of the ups and downs.  Not really sure about your doomsday outlook, but I think if we hold $340, we're still rising in the broader sense since late September, early October.

Nice chart: It takes a long time for a hot bull market to get going full speed. The fun isn't "over", but just getting started.

[NorrisK]

People should just accept that corrections are going to happen. We are still higher than before the weekend last week, and we are only 4 days further. Price still seems to be going in the right direction.

Also, your advice only goes for day traders and the likes, as people who buy and hold don't care about these small swings.

[a7mos]

Bitcoin is and will be very volatile for a while so ups and downs are nothing to be feared off. If you dont want to ride wawes and gamble your coins, best what you can do is to buy and hold. I guess next year could be very exciting and full if retarded threads like "sell your coins before it dump to $1" or "buy before we skyrocket to $1M".

I agree with you , every day we see new threads which talk about buying and selling as they know how the price will be although bitcoin price movements do not follow any roles that is applied in forex for exaple

[galdur]

It´s starting to form a new trading range. Nothing particularly mysterious about it. The old range, from most of the year until recently, was ca. 220-300. Difficulty is up by 80% so far this year and really starting to balloon now so a new trading level was inevitable.

Exahash is a term you´ll be hearing about in a few months from people that are usually behind the curve.

[Ibian]

A week ago anything between 300 and 350 was just background noise. Now anything between 350 and 400 is background noise. As long as 350 holds, we will go up again.

[rogerwilco]

Haven't all the run-ups had a similar pattern?

You get the super spike, then the quick crash, a bit of a recovery, then a slow decline for awhile. Eventually it settles on a price that isn't near the top of the spike, but is above the range it was trading at before the spike.

Once the market calms down a bit, another run-up can start. See you in May.

[ronaldo40]

A week ago anything between 300 and 350 was just background noise. Now anything between 350 and 400 is background noise. As long as 350 holds, we will go up again.

yeah this is a good time to hold at $350, before it goes to $400. because I am sure we will surely touch $400

[1Referee]

Why is it a problem? It's a good moment for people to buy themself a few more coins if they haven't done it already. We have seen the price react exactly in the same way as when it was in the $2XX range. No difference.

[Amph]

Haven't all the run-ups had a similar pattern?

You get the super spike, then the quick crash, a bit of a recovery, then a slow decline for awhile. Eventually it settles on a price that isn't near the top of the spike, but is above the range it was trading at before the spike.

Once the market calms down a bit, another run-up can start. See you in May.

and then they think that this market it's not heavily manipulated, how can they think that if we are following always the same rule, but with different digits

[Denker]

It's time to sell. But most traders now that already.

I would buy again when the price is around 280 dollar. Maybe 270.

Yeah the rise is over. December has started and I doubt we will see any gains.
People will spend money and therefore I expect the price to decline as well.
Question is how much will it go down?
I hope the 300 isn't something we should to be concerned about.
It is definitely another good chance to continue accumulating.

[Ibian]

Haven't all the run-ups had a similar pattern?

You get the super spike, then the quick crash, a bit of a recovery, then a slow decline for awhile. Eventually it settles on a price that isn't near the top of the spike, but is above the range it was trading at before the spike.

Once the market calms down a bit, another run-up can start. See you in May.

Yes. People are far too emotional about things.

[Mickeyb]

You people keep forgetting that just one good news, like the block size increase consensus can launch this thing into stratosphere! The conference is taking place this weekend in Hong Kong! Never say never guys!

[lumeire]

It's time to sell. But most traders now that already.

I would buy again when the price is around 280 dollar. Maybe 270.

Yeah the rise is over. December has started and I doubt we will see any gains.
People will spend money and therefore I expect the price to decline as well.
Question is how much will it go down?
I hope the 300 isn't something we should to be concerned about.
It is definitely another good chance to continue accumulating.

We should be thankful it leveled off. $350 as the new floor isn't bad at all. It's a good time to stock up before the halving. It's always a good news to hear trading volumes have hit all time highs. It shows interest, even if it's speculatory.

[rogerwilco]

Haven't all the run-ups had a similar pattern?

You get the super spike, then the quick crash, a bit of a recovery, then a slow decline for awhile. Eventually it settles on a price that isn't near the top of the spike, but is above the range it was trading at before the spike.

Once the market calms down a bit, another run-up can start. See you in May.

and then they think that this market it's not heavily manipulated, how can they think that if we are following always the same rule, but with different digits

Nah, emotions provide sufficient explanation. It's a pattern seen in many stocks, not just crypto.

A real increase in demand causes the price to rise quickly, but then too many speculators panic buy, thinking they're getting in early when they're actually late. So then the buys dry up somewhere far above the new fair market price and they panic sell. They then overshoot the fair price again when panic selling (because they're still panicking), but they don't overshoot as far as the panic buy overbought. Over time, the price movement slows down as the market eventually figures out what the new fair price actually is.

[morantis]

Oh it is not over by a long shot, this is just a lull going into the end of the year.  It is hit $450 by the end of the year.