Last correction before 700+ breakout

[pereira4]

Classic triangle pattern forming if you look back at the last big august correction. Then we had another correction, a weaker one, and now, another weaker one. Increasingly weaker corrections with an overall uprising price: breakout incoming. Last chance for the idiots still doubting to buy to get in now or never.

[BrewMaster]

only the day traders are waiting to buy in the dip. and also only the idiots who doubt everything are staying on the side while shivering with fear.

the rest of us have made our purchase and investment a while back when nobody was looking and price was low

[pereira4]

only the day traders are waiting to buy in the dip. and also only the idiots who doubt everything are staying on the side while shivering with fear.

the rest of us have made our purchase and investment a while back when nobody was looking and price was low

Yep it was so clear that the 200ish dollar period of stability was a lifetime opportunity to buy Bitcoin monthly. But the real rise has not even begun yet, so all those dips are still opportunities to buy more if you can.

[randy8777]

not sure whether or not we'll see $700 any time soon, but smart traders have already done their buying well below the current levels. right now it's up to the dreamers and doubters to start buying. but mostly these type of people will start buying as soon as the price has gone up. they don't have the balls to buy beforehand.

[Dux2K]

Considering that price is going Dows at the moment can't tell that it will be 700 any time soon
maybe by end of this year but right now and for this month don't see that price

[ynef]

Are we ready for the shitstorm?

[lumeire]

Are we ready for the shitstorm?

Aren't you?

We're always ready if you'd ask me. 

[ynef]

Aren't you?

We're always ready if you'd ask me. 

Unfortunately no. And I think it's a little too late to sell some of the coins now, but there is a high possibility of bears entering the market. It amazes me how many times the chart has turned into a rectangle like this:

[Biodom]

^^^this chart predicts nothing and, actually, charts in most cases have no predictive value whatsoever.
They are useful tools to provide some rationality afterwards, but that's it.

[ynef]

^^^this chart predicts nothing and, actually, charts in most cases have no predictive value whatsoever.
They are useful tools to provide some rationality afterwards, but that's it.

You obviously haven't traded a recurring pattern. I'm not necessarily talking about Bitcoin right now either.

[amacar2]

The correction volume seem not that high so may be this is last correction we will see before we cross $700 again. Time to wait till this correction find its buttom and buy whatever we can to ride on $700+ price pump train.

[iv4n]

We are waiting to come back on 700 dollars for some time, it's finally the time for that. I'm not sure will people buy it now, or they wish more proofs that bitcoin is strong currency, and people should have trust in bitcoins.
I'm saying all summer that we will come back on 700 + dollars, that was so clear from my point of view. And I'm sure that we can see even higer price before new year, jist wait and you will see.

[richardsNY]

We are waiting to come back on 700 dollars for some time, it's finally the time for that. I'm not sure will people buy it now, or they wish more proofs that bitcoin is strong currency, and people should have trust in bitcoins.
I'm saying all summer that we will come back on 700 + dollars, that was so clear from my point of view. And I'm sure that we can see even higer price before new year, jist wait and you will see.

For me personally it doesn't really matter if we manage to see $700 again this year as long as we stay above $600 for the rest of the year. But one thing is sure, if it happens to go to $700 this or next month, then it's a nice bonus for me. Other than that, I'll keep holding my coins as I has been doing for nearly 2 years now.

[SaShiRaJaVu]

^^^this chart predicts nothing and, actually, charts in most cases have no predictive value whatsoever.
They are useful tools to provide some rationality afterwards, but that's it.

so how can you know what is going to happen and how can you calculate upper and lower resistance in bitcoin,if you could share your knowledge it would be cool as i am trying to learn all the signs and yet no positive result as i cannot really understand how to identify a certain resistance value

[BitHodler]

People have been repeatedly saying that if you don't get in right now, that you'll regret it for ever, but the reality shows that there will be plenty of opportunities for people to benefit.

The price goes up and down since the very beginning, and that will not change.

If people miss out on this potential rally, then there will be the next one that they can benefit from. No big deal.

[~Bitcoin~]

May be whales are just creating a little bit of fear on the market by dumping a little bit of their bitcoins so that they can grab new cheap coins greater than what they have dumped. It is obvious to see correction before another pump and i think this correction is also similar and we are ready for next big pump. 

[gokayc]

^^^this chart predicts nothing and, actually, charts in most cases have no predictive value whatsoever.
They are useful tools to provide some rationality afterwards, but that's it.

I totally agree with you. I don't think someone can predict to future price of bitcoin just based on charts. Otherwise It would be f..king easy to being rich.

[Oilacris]

^^^this chart predicts nothing and, actually, charts in most cases have no predictive value whatsoever.
They are useful tools to provide some rationality afterwards, but that's it.

I totally agree with you. I don't think someone can predict to future price of bitcoin just based on charts. Otherwise It would be f..king easy to being rich.

Charts  are  just tools  regarding on the movement of bitcoins price and  we cant really predict  the next movement but  there are  some  patterns  that we could able  to observe and  somehow assume  the next  movement but still we  cant guarantee it. No one  really knows the future.

[Herbert2020]

there are some potential news on the way in the very near future that can change the way market is to kick start the new breakout to above $700.
and in my opinion the two most important (most hyped) events are the US president and also obviously the block size debate.

[lexuz]

In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.