Beginning of the trend reversal

[richardsNY]

Sub $400 is possible, but it is just a short term blip. The price will rise in long term.

I think a large trader sold a good amount of coins to scare off weak hands and to trigger panic sellers. Right now the others are selling hoping to buy back lower. I think right now the panic is starting to take over some smaller traders. Bitfinex just touched $431.5.

[ING Bank]

Last chance to sell.

[mtnsaa]

Sub $400 is possible, but it is just a short term blip. The price will rise in long term.

I agree, the price has been rising all year and if you take a larger time frame we all know value rises every year since its creation. These fluctuations are expected, but if you ask me it will stay above $400 but as you said sub $400 is also possible, not a huge dip though.

[maokoto]

It is like it was going up, then down to a place higher than the previous down-trend, then up again.

Although this time it did not go as up as the one before.

[Denker]

Sub $400 is possible, but it is just a short term blip. The price will rise in long term.

I agree, the price has been rising all year and if you take a larger time frame we all know value rises every year since its creation. These fluctuations are expected, but if you ask me it will stay above $400 but as you said sub $400 is also possible, not a huge dip though.

That's why hodling can be a good choice. If you're in for the long term forget about the swings our baby is having while growing and maturing.This is part of the process and always makes sure that only the strong one will stay, the real believer, a true user and participant.
I also think we are able to hold the 400, maybe for a short time we might go down below that, but really just very short.Halving is around the corner and I can not believe anybody risking to miss that train.

[uki]

Sub $400 is possible, but it is just a short term blip. The price will rise in long term.

I agree, the price has been rising all year and if you take a larger time frame we all know value rises every year since its creation. These fluctuations are expected, but if you ask me it will stay above $400 but as you said sub $400 is also possible, not a huge dip though.

That's why hodling can be a good choice. If you're in for the long term forget about the swings our baby is having while growing and maturing.This is part of the process and always makes sure that only the strong one will stay, the real believer, a true user and participant.
I also think we are able to hold the 400, maybe for a short time we might go down below that, but really just very short.Halving is around the corner and I can not believe anybody risking to miss that train.

that is exactly the point. Think about longer term and forget about this daily bumps. Bitcoin, as each young asset, has a lot of volatility to offer. That may be hard to digest, especially for the inexperienced traders (as myself). therefore I go more long term, and if go with the trend it is a way much easier game!

[TERA]

"The trend is reversing" - on which time frame though?

[newcoins1978]

Volume today 50M is less then yesterday, when it was 100M. Let's hope the price will get back on track.
For now it seems we are looking onto a decline.

[HarryKPeters]

570 - 560 - 540 now being 535 is a trend reversal to be reckoned with. Remember where we came from (320 USD).
What goes up, must go down, and we should go down a lot. I don't expect a 320 price, but somewhere near 350 sounds likely to me.

[Graphics]

Today on the 20th of December the trend is reversing.
The bitcoin price is coming back down from its $450-$500 peak.

True... I do hope it'll go back up before the year ends.

But don't worry Probably a bear trap anyway.

[TERA]

I guess a trend of 10 dollar decreases looks terrible when you forget to put it next to the 100 dollar increase (or the 300 dollar increase)

[The Sceptical Chymist]

Ugh, the technical analysis goes on...

It seems OP is chart watching and is focusing on the extremely short term.  And what do you glean from this?  These are fluctuations in the bitcoin price and nothing more.

[MatTheCat]

Ugh, the technical analysis goes on...

It seems OP is chart watching and is focusing on the extremely short term.  And what do you glean from this?  These are fluctuations in the bitcoin price and nothing more.

Yeah 'fluctuations' in price and nothing more.

Nothing more than $60-$80 less per BTC that is!

Don't buy BTC now, wait until sub $400 at least. It WILL get there.

[uki]

Ugh, the technical analysis goes on...

It seems OP is chart watching and is focusing on the extremely short term.  And what do you glean from this?  These are fluctuations in the bitcoin price and nothing more.

Yeah 'fluctuations' in price and nothing more.

Nothing more than $60-$80 less per BTC that is!

Don't buy BTC now, wait until sub $400 at least. It WILL get there.

Definitely it will. There is however quite a lot of support between $350 and $400 and I expect the correction to stop there. There will be buying opportunities below $400, but one has to time it well in order to catch the train.

[HarryKPeters]

Well I was led to believe we were into a trend reversal too. But seeing the trend resevering on the last reserval makes me less sceptic.
I am not buying yet, but I have my sell orders in place for we will see a fast really to 500 USD again.

[HWoodrow]

Today on the 20th of December the trend is reversing.
The bitcoin price is coming back down from its $450-$500 peak.

Why do you say this? Every man of bitcoin world hope that price will rise. Anyway, I see that trend is direct in positive verse, not reverse. In the first month of the next year I guess that will be a reverse trend, then, there will be a new rise

[n2004al]

Today on the 20th of December the trend is reversing.
The bitcoin price is coming back down from its $450-$500 peak.

Today we are at 24 and the trend is the same. Any kind of reversal was happen. Even we can tell that is stable. This kind of behavior of bitcoin is a new thing as for me. We are seeing a bitcoin much more calm than before. Every its move is made with calm and not like before with high up and downs in big amplitude. So when move, move in and with calm (when it goes down or when if goes high) and when stabilize go around a close level of value. It a sign of more maturity compared to before or an occasional behavior? Will see.

[Gloober]

Today it went back to $450, that's just the way bitcoin works. With ups and downs, you can't bring something up without it going down first.
I'm not buying nor selling right now, who knows if bitcoin will reach $500 these days to come.

[indiemax]

Anywhere near $500 and a lot will be profit taking

getting above $500 and maintaining that level is gonna be tough

[afbitcoins]

Another waste of time thread. OK trend reversing. On what evidence. OP has nothing. NOTHING