$350 will be the bottom

[MatTheCat]

we all think we know where the bottom is, but in fact, we don't know how low the price will go when the panic starts to pick up again. so far it seems to be $350-$360, but it all can be dumped down if a whale wants to.

It aint the whales that were tricked into piling into $400+ Bitcoin just two days ago, only to see not a dramatic surge up towards $500, but a rapid pullback to $30 beneath where the majority of Joe Retail bought in. Selling pressure in Bitcoin is here in abundance at the moment. Whales will nudge Bitcoin gently back up, and see if retail wants to take her much further, before they boot the bucket back over, and send her back down, below $350, at which point the majority of the retail holders will capitulate, and start selling their BTC at firesale prices to the whales waiting down below.

This is how this market works these days. BTC is cornered to fuck and controlled by the Chinese BTC Cabals. It is their cash cow, and the market action that you are seeing, has nothing to do with anything, other than whales ripping the arse out of the market, in order to to extract max profits from it, as Chinese New Year approaches on the 8th.

[bajing]

after price hit more than $400 2 days ago, still have a chance price down to below $350 maybe in the end of this month. i see now trader is try make price down

[tokeweed]

$350 will be the bottom

This kind of thinking is what makes people lose money trading.

[MatTheCat]

$350 will be the bottom

This kind of thinking is what makes people lose money trading.

yep.

[1Referee]

I am quite sure that if we are heading towards $350 again that it will not hold as there is too much selling pressure on the market.

[azguard]

I am quite sure that if we are heading towards $350 again that it will not hold as there is too much selling pressure on the market.

nope we might come to 380 and that is all we gonna hold here around 400 for another month no need to get worried

[arbitrage]

Yes 350 to 380 looking now like bottom for now!
But who knows for sure, we here just speculate?
This is good price for start!

[MatTheCat]

Yes 350 to 380 looking now like bottom for now!
But who knows for sure, we here just speculate?
This is good price for start!

If enough people go Long here, and place Stops below $380, you can be sure BTC will pierce right through $380. If enough Long Stops are down at $350. You can be sure that BTC will pierce right through that level as well.

BTC is Chinese Cowyboy Cashcow and nothing else. They don't want the public getting in on their action at the base of moves, they want the public buying/selling into momentum which they engineer into market, on a FOMO basis.

I still like $320 Bitcoin......but because I would be looking to go Long right there, just no doubt thousands of other technical based traders would also be looking to go Long there, with Stops all being placed down below $300, probably BTC will ultimately go to $290, before taking off again. Wipe every fucker out, then take off out some 'bearish' consolidation triangle making bTC seem like it is going to tank even futher wiping out a lot of Short Stops in the process.

[sishendaoye]

Yes 350 to 380 looking now like bottom for now!
But who knows for sure, we here just speculate?
This is good price for start!

If enough people go Long here, and place Stops below $380, you can be sure BTC will pierce right through $380. If enough Long Stops are down at $350. You can be sure that BTC will pierce right through that level as well.

BTC is Chinese Cowyboy Cashcow and nothing else. They don't want the public getting in on their action at the base of moves, they want the public buying/selling into momentum which they engineer into market, on a FOMO basis.

I still like $320 Bitcoin......but because I would be looking to go Long right there, just no doubt thousands of other technical based traders would also be looking to go Long there, with Stops all being placed down below $300, probably BTC will ultimately go to $290, before taking off again. Wipe every fucker out, then take off out some 'bearish' consolidation triangle making bTC seem like it is going to tank even futher wiping out a lot of Short Stops in the process.

Fair enough.
Although bitcoin is a chinese cashcow, things will change if more western investors step in.
I am sure they will rescape the market into their profit.

[MatTheCat]

Fair enough.
Although bitcoin is a chinese cashcow, things will change if more western investors step in.
I am sure they will rescape the market into their profit.

BTC is limited supply. Chinese Bitcoin Cowboys already holding a serious amount of those. Nobody knows for sure how much, but enough to control market at this current point in time. If anyone doesn't think that BTC is controlled from China, then they just aint been apying attention. BTC cowboys no doubt Bought loads on crash down, buy loads from Chinese Miners or perhaps 'they' are the Chinese Miners? China is where the majority of BTC is mined today.

Wealthly Chinese have a motivation invest heavily into BTC that western capital lacks......Capital Flight......and this won't be Chinese investors en masse...this will be a tiny Cabal of Chinese BTCers that are slapping this mkt around like a bitch.

[newcoins1978]

Nah the price price can go down much more.
Remember we were at 250 just 3 months ago.
Expect some real downfall if the price falls again.

[Amph]

$350 will be the bottom

This kind of thinking is what makes people lose money trading.

well thinking that 350 is not the bottom would put us on the unknown terriroty of <350, which would be only a panic selling road, thus making everyone losing even more money

you need some limit on which you say "above or under that i'm not gonna sell because it will recover quickly"

[MaritiJames3]

The bottom is around 300 dollars. However i've seen the price is going up again which means we don't see the bottom at all
Which makes me quite happy.

[MatTheCat]

$350 will be the bottom

This kind of thinking is what makes people lose money trading.

well thinking that 350 is not the bottom would put us on the unknown terriroty of <350, which would be only a panic selling road, thus making everyone losing even more money

you need some limit on which you say "above or under that i'm not gonna sell because it will recover quickly"

Panic Selling Territory for many (which is why we WILL go below $350).......totally expected 'business as usual' healthy correction for others. Depends on whether you are Dumb Money, or Smart Money.

[romero121]

The bottom is around 300 dollars. However i've seen the price is going up again which means we don't see the bottom at all
Which makes me quite happy.

Don't be panic the bitcoin value goes that low. Over the coming days the value won't reach less than 350$. The border 350$ can be considered to be the lowest bottom value of bitcoin.

[nichu]

waiting to see whether it will break the 380 resistance ,if it breaks the second resistance of 360 then only u can see a rally to 320 , but looks like its good resistance at 380 at the moment. i hope to see movement from 380 to 420 for some time i guess, lets see

[phreaky]

You may never know what can be the minimum.
Because it is very unpredictable maybe it will even only grow.

[MaritiJames3]

I am afraid that the bottom is somewhere closer to $300 instead of $350.

I think it will be at the bottom of $325, I think it will not be lower as that, it may be a good opportunity to buy cheap bitcoins.
Because I think it will rise again.

[praprata]

The bottom will be $300, the bitcoin will go down but just for a moment and than it will rise to a high amount. It will be more popular so I think we just have to wait until it will be low and than it will get high in the future.

[n2004al]

I think it will hold its ground around there and make a gradual move up for the next 5-6 months, then it will start to spike around September-October.

For the first period can be told only words. Nothing else. Maybe Gavin Andresen may make another "speech" like the "speech" of Mike Hearn after a couple of months and this action for sure will affect again the price of bitcoin again for some time. So no one know what will happen and first of all no one can know the humor of bitcoin itself during all the next 6 months. If it become angry who knows what may do. As for the second part of prediction there are big probability (because exist the cause) to be verified. But I think even faster than September-October. Anyhow lets wait and for sure will see.