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TRF
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January 18, 2017, 07:18:25 PM
 #1

Well,

BTC hasn't hold 900$ . It's not a good for BTC holder , and a clear bear signal should came if price will go under 850. If so, we could expect a fist round near 820 and then a test at 800$ area. If doesn't hold 800$, we could see new montly low. Only after 900$ we could say that market trend is bull again.


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January 18, 2017, 07:23:32 PM
 #2

Well,

BTC hasn't hold 900$ . It's not a good for BTC holder , and a clear bear signal should came if price will go under 850. If so, we could expect a fist round near 820 and then a test at 800$ area. If doesn't hold 800$, we could see new montly low. Only after 900$ we could say that market trend is bull again.



Maybe it's going down but it's not crashing. Bitcoin was 500$ just a few month ago. We all have to take that into account. Bitcoin price has been going up for months and was going up way too fast. It's quite logical it will go down now for sometime before rallying again.

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January 18, 2017, 07:25:53 PM
 #3

You call that ~6% drop a crash?  That happens every week.

                                                                       
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January 18, 2017, 07:28:08 PM
 #4

You call that ~6% drop a crash?  That happens every week.


No, i don't call 6% drop. I wrote that if price don't hold 850$ it could go to test new low (so around 720-750) . And under 720 next support will be 500 Cool

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January 18, 2017, 07:33:02 PM
 #5

The ongoing price movement cannot be considered as a crash. It's been moving towards the increasing side with good potential.


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January 18, 2017, 08:29:03 PM
 #6

You call that ~6% drop a crash?  That happens every week.
No it doesn't, for years it hasn't happened often, it did happen lots during and after the last bubble and has happened in the last few weeks, otherwise it has actually been quite rare recently.

The big volume moves are all down at the moment, I am not optimistic of a quick rise back up to $1000.
I hope it settles down and starts a slow consistent rise again, like in November and December,


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January 18, 2017, 08:42:11 PM
 #7

Maybe it's a crash but in my opinion it is too early to say that it is a crash already. Ill say it is a crash if it goes beyond 600$ but right now it is too early. This might be just a little correction happening right now and maybe in the next few days or weeks it will rise again. Sell now if you want but the best option now is to hold and wait what will happen since there is a chance for the pump to occur.

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January 18, 2017, 08:58:50 PM
 #8

Well,

BTC hasn't hold 900$ . It's not a good for BTC holder , and a clear bear signal should came if price will go under 850. If so, we could expect a fist round near 820 and then a test at 800$ area. If doesn't hold 800$, we could see new montly low. Only after 900$ we could say that market trend is bull again.



This is what you call a crash?
Geez you still have much to learn it seems.
Check Bitcoin's past and you will know what a crash is.
A drop to lower 800s or even below that will mean mostly nothing!!
Bitcoin is still very tiny in it's marketcap and therefore is easy to play with by guys with deep pockets.
And this is what we are seing right now when you look on the short time frames.
On the long ones however, weekly and mothly, you'll see we are moving up since september 2015 with important corrections taking place regularly which prevent us from overheating and bubbling.

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January 18, 2017, 09:08:54 PM
 #9

You can't really consider this to be a crash. It's just the price trying to move between certain (more suitable) price levels. That's why I think that the price might drop even deeper in the coming days. My targets for now are pointed at $820-$830 in the coming 5-10 days. Everything above the $800 levels is still a fantastic price if you ask me.

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January 18, 2017, 09:19:09 PM
 #10

I think you are making panic without a reason. Bitcoin lost couple dollars and it's not some big deal. The same way you could make the same kind of panic if bitcoin would add couple of dollars Smiley like: "people! Bitcoin added two dollars to it's price! It's going to fly to the sky!".

   
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January 18, 2017, 09:41:25 PM
 #11

Well,

BTC hasn't hold 900$ . It's not a good for BTC holder , and a clear bear signal should came if price will go under 850. If so, we could expect a fist round near 820 and then a test at 800$ area. If doesn't hold 800$, we could see new montly low. Only after 900$ we could say that market trend is bull again.


Bitcoin entered 900$ again ,after being stable at 800$. Seems that 800$ will be the stable bottom this year,and bitcoin price can reached 2000$.all i know,this year is purely bullish.

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January 19, 2017, 04:51:46 AM
 #12

Even at the Jan 11 low of $750 RSI did not drop below 30, and it should have. That worries me a bit, that there may be one more leg down to about $700. If you do see RSI under 30 on the daily chart that is almost always a low risk buy.

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January 19, 2017, 05:08:40 AM
 #13

Well,

BTC hasn't hold 900$ . It's not a good for BTC holder , and a clear bear signal should came if price will go under 850. If so, we could expect a fist round near 820 and then a test at 800$ area. If doesn't hold 800$, we could see new montly low. Only after 900$ we could say that market trend is bull again.

your speculation is terrible because you are only seeing the dropping side and then making decision.
but price went up first to $900 and it was a test to see how strong buy support is, and it was also because people are accumulating bitcoin and now because shorters short price is being corrected.

we are still higher than the starting price!

and also going down from 900 to 850 doesn't mean going down will continue the same way going up from 800 to 900 didn't mean rise will continue


 
 
 
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January 19, 2017, 05:11:38 AM
 #14

820 -> 920 -> 890 is a crash?

Please... crash some more.

https://www.bitcoin.org/bitcoin.pdf
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January 19, 2017, 05:19:15 AM
 #15

Even at the Jan 11 low of $750 RSI did not drop below 30, and it should have. That worries me a bit, that there may be one more leg down to about $700. If you do see RSI under 30 on the daily chart that is almost always a low risk buy.

RSI was between 20-30 after the drop to $750 (pboc)

Now RSI is around 50 so.. just wait and see Wink



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January 19, 2017, 06:59:21 AM
 #16

What crash? Its just starting to be normal. Thats not crashing, its just normal fluctuation. If you can see we are go up and down. Crashing is the continious falling of price. Thats a crash. Now we are stuck again to $880+. Seems people are getting more cautious to buy bitcoin. But we are lucky because it recovered again. From $750+ - $880+. Thats still a good price for me. PBoc just corrected the the price. Thats all. Bitcoin volume manipulation is true. Exchangers there was found violating law. Thats why the prices falls.


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January 19, 2017, 08:21:16 AM
 #17

It's still playing just right below $900. Could be a good sign IMO.

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January 19, 2017, 08:25:22 AM
 #18

It's still playing just right below $900. Could be a good sign IMO.

Yes, a good sign if break 900$. Over this price i expect a test around 1000$ really soon. I repeat , i explained some key price. Traders don't need to see, or be happy, only if price goes up. Trading is for longer and for shorters  Smiley

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January 19, 2017, 08:42:22 AM
 #19

If you consider this a crash, then you haven't lived true BTC ''crash'' in the past.
The imminent crash will occur in a month or 2 @ $500/600 range and hopefully get stabilized at new floor within the next months, with end goal reaching $2000 by end of 2017.
We have to keep in mind that when BTC has strong gains in any given time, means there is increased volatility and price correction is imminent. Eg. Stronger the gains the  equivalent in price loss is expected. Crypto is a roller coaster ride, it's for strong stomachs. 

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January 19, 2017, 08:55:52 AM
 #20

I don't care about short term micro crashes.

By September we will see the price at least 1.6x higher than the last high this month(around $1700/btc), if the pattern from 2015 and 2016 repeats again.
The dips are opportunities to short and get more coins until the big rise, nothing more.



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