A correction is incoming!

[talks_cheep]

Looking at the books, it's obvious there are lots of people ready to take profit from the recent rise in btc price. We'll see 445 soon.

[1Referee]

Looking at the books, it's obvious there are lots of people ready to take profit from the recent rise in btc price. We'll see 445 soon.

Support is very thin, yes. Only 1630BTC is required to dump the price to $445 which is a decrease of over $20 caused with a relatively small dump.

[Quartx]

Looking at the books, it's obvious there are lots of people ready to take profit from the recent rise in btc price. We'll see 445 soon.

Correction but it wouldnt be that big a drop though

[Alley]

Who cares?  Price will keep rising to and past the halving with a bunch of corrections on the way.

[talks_cheep]

Does anyone else wonder why the Chinese exchanges are lagging behind? I mean, they used to be $5 - $10 more than the Western exchanges, but now the table has turned. What do the Westerners know that the Chinese don't? It's almost mind boggling because the center of btc has been China, it's where the most trade volume occurs, it's where the most hashrate takes place, it's where the btc is most concentrated. Without China, bitcoin can not go to the moon.

[bigfryguy]

chinese yuan has made its first move to decouple itself from US debt by becoming a gold standard.  US dollar has become whitewashed without anyone taking notice... well anyone except bitcoin comunity and gold bugs.

[The Sceptical Chymist]

Looking at the books, it's obvious there are lots of people ready to take profit from the recent rise in btc price. We'll see 445 soon.

Support is very thin, yes. Only 1630BTC is required to dump the price to $445 which is a decrease of over $20 caused with a relatively small dump.

Yeah that can change, and it probably will.  Don't know if OP is correct or not, but I'm just waiting to see what the halving does.  Woot!

[r0ach]

Looking at the books, it's obvious there are lots of people ready to take profit from the recent rise in btc price. We'll see 445 soon.

Click the original poster's post history.  It's a zionist banker shill spam account.  Every single post for 20 pages says "price will collapse to 0 any second".  Not sure how this account is not banned.  The fact that they do not ban this account is very suspicious.  It's the same 2 line spam posts for months, even when the price is going from 200 to 500.

[target]

Looking at the books, it's obvious there are lots of people ready to take profit from the recent rise in btc price. We'll see 445 soon.

if they've bought BTC lately, they're more likely willing to lose the amount but still.  Either way, the chance of price going up is very much possible after 2 months due to halving.
so a few drops won't matter to them as they'd expect more gain later.

[alyssa85]

Looking at the books, it's obvious there are lots of people ready to take profit from the recent rise in btc price. We'll see 445 soon.

There might be a small correction, but it will rise again  - this is the halving pump, and it has a way to go. It won't break till June when people cash out just before the halving.

[MingLee]

There could very well be a correction coming, but I think that the buywall has been moved up enough that it wouldn't severely hurt the value, and chances are we won't drop below $440.

Hell, a correction would be good for the price, that way we can be sure it isn't a bubble.

[pooya87]

a correction! yeah maybe but not a $20 correction. nobody is going to sell at this rate, so the sell amount is never going to be be that high to push the price down $20 if we were at $500 today then that may be true but not at this rate.

[Amph]

lol you really think that the last mini increase is a pump? no that is the correction itself, there can't be another correction on that correction

we are correcting toward 450, from the previous dump

[quake313]

The real question is...




Where is Kwukduck? When are you going to bring him out? Oh wait, we need a $5 drop first? 

[kehtolo]

Looking at the books, it's obvious there are lots of people ready to take profit from the recent rise in btc price. We'll see 445 soon.

Support is very thin, yes. Only 1630BTC is required to dump the price to $445 which is a decrease of over $20 caused with a relatively small dump.

You looking at Stamp's book??

Finex is leading the $$ market. SO ignore stamp.

Finex it's ~5700 coins down to $444...

I don't think it will be dumped that hard.

[Herbert2020]

Looking at the books, it's obvious there are lots of people ready to take profit from the recent rise in btc price. We'll see 445 soon.

Support is very thin, yes. Only 1630BTC is required to dump the price to $445 which is a decrease of over $20 caused with a relatively small dump.

You looking at Stamp's book??

Finex is leading the $$ market. SO ignore stamp.

Finex it's ~5700 coins down to $444...

I don't think it will be dumped that hard.

that is half the resistance. if price starts showing the slightest amount of decrease a lot of bots and alerts are going off which will create a lot more resistance because people will start setting up buy orders at those prices.

[1Referee]

Looking at the books, it's obvious there are lots of people ready to take profit from the recent rise in btc price. We'll see 445 soon.

Support is very thin, yes. Only 1630BTC is required to dump the price to $445 which is a decrease of over $20 caused with a relatively small dump.

You looking at Stamp's book??

Finex is leading the $$ market. SO ignore stamp.

Finex it's ~5700 coins down to $444...

I don't think it will be dumped that hard.

I look at stamp because it's my main trading exchange, so for me it's very important. If the price gets dumped with just ~1630BTC it means I can set some well placed buy orders to benefit from an eventual dump.

[Denker]

Correct me if I'm wrong but isn't op the guy who is always predicting Bitcoin going down and and other kind of doom scenarios?
A slight drop on a short term view isn't something I care about to be honest. We are in an upwards movement and only that is what counts imo.

[LMGTFY]

Correct me if I'm wrong but isn't op the guy who is always predicting Bitcoin going down and and other kind of doom scenarios?
A slight drop on a short term view isn't something I care about to be honest. We are in an upwards movement and only that is what counts imo.

I'm sure I saw talks_cheep post something positive. Once. Maybe.

I think a correction is inevitable. Whether it's imminent, however, is much less certain. Analysis that goes significantly beyond "looking at the order books" would be useful... I trust order books about as much as most people trust the CNY exchanges. Or, for that matter, posts from posters whose past prophecies of doom have not come to pass.

[BitHodler]

Correct me if I'm wrong but isn't op the guy who is always predicting Bitcoin going down and and other kind of doom scenarios?
A slight drop on a short term view isn't something I care about to be honest. We are in an upwards movement and only that is what counts imo.

Yep, in that aspect he can be seen as the lil bro of kwukduck.

However, for once everything that OP is saying does indeed makes sense. I am expecting a correction too.