Denker
Legendary
 Offline
Activity: 1442
Merit: 1014
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January 06, 2017, 10:32:36 AM |
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Either this will hold now or we will go down to ~850USD is my guess. Touching the lower bband in the hourly and the mid bband in the daily. This is awesome stuff man!! 23 years old??  Whoever wrote that article seems absolutely not to have any background knowledge. This is embarrassing! Fake news!!!! |
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sgk
Legendary
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Activity: 1470
Merit: 1002
!! HODL !!
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January 06, 2017, 10:37:03 AM |
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Either this will hold now or we will go down to ~850USD is my guess. Touching the lower bband in the hourly and the mid bband in the daily. From the times today.....
.... .... 23 years old?? .... Satoshi mined thousands of BTC secretly for years before releasing anything to public in 2008. HUGE dump coming soon! .. |
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Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
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January 06, 2017, 10:39:39 AM |
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Under the assumption that we are currently forming the handle of a three year cup and handle, how low would the price need to go and how low could it go?
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1464
Clueless!
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January 06, 2017, 10:43:28 AM |
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Either this will hold now or we will go down to ~850USD is my guess. Touching the lower bband in the hourly and the mid bband in the daily. From the times today.....
.... .... 23 years old?? .... Satoshi mined thousands of BTC secretly for years before releasing anything to public in 2008. HUGE dump coming soon! .. AS long as BTC does not dump below $201.56 usd I'm golden (sorry guys it is all about me don't ya know)  |
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MirkoIta
Legendary
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Activity: 1667
Merit: 1008
Stoned & Stranged
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January 06, 2017, 10:52:11 AM |
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Satoshi mined thousands of BTC secretly for years before releasing anything to public in 2008. HUGE dump coming soon! .. "The Hidden Premine of Satoshi" will be a better movie than "The rise and rise of Bitcoin"  |
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600watt
Legendary
Offline
Activity: 2338
Merit: 2106
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January 06, 2017, 10:53:24 AM |
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Under the assumption that we are currently forming the handle of a three year cup and handle, how low would the price need to go and how low could it go?
until may or june? |
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Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
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January 06, 2017, 10:54:19 AM |
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As per someone on reddit making a post, it's time to stop this bumpy ride. It's quite unusual to go for a nap and to see 5-10% price swings in either direction. At this point I miss some of the previous stability. The volume is still unusually high at over $450 Million for the last 24 hours.  |
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alphahacktivist
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January 06, 2017, 10:57:12 AM |
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As per someone on reddit making a post, it's time to stop this bumpy ride. It's quite unusual to go for a nap and to see 5-10% price swings in either direction. At this point I miss some of the previous stability. The volume is still unusually high at over $450 Million for the last 24 hours. 1.2 billion past 48 |
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strawbs
Legendary
Offline
Activity: 868
Merit: 1340
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January 06, 2017, 11:05:25 AM |
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Under the assumption that we are currently forming the handle of a three year cup and handle, how low would the price need to go and how low could it go?
A handle tends to be a drop of between 30% and 50% from the top of the cup rim (i.e. between $587 and $820) |
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starmman
Legendary
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Activity: 1484
Merit: 1029
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January 06, 2017, 11:09:11 AM |
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Under the assumption that we are currently forming the handle of a three year cup and handle, how low would the price need to go and how low could it go?
A handle tends to be a drop of between 30% and 50% from the top of the cup rim (i.e. between $587 and $820) I'd be happy with that range - I have a few buy orders scattered around those values already, as I'm usually caught napping during the surges... |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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January 06, 2017, 11:12:00 AM |
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Support broken. Looks like we are in the middle of the second leg down of A.
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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January 06, 2017, 11:12:56 AM |
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Under the assumption that we are currently forming the handle of a three year cup and handle, how low would the price need to go and how low could it go?
A handle tends to be a drop of between 30% and 50% from the top of the cup rim (i.e. between $587 and $820) I'd be happy with that range - I have a few buy orders scattered around those values already, as I'm usually caught napping during the surges... Minus the ~$200 bottom of the cup. So ~$682-876. But really, I wouldn't expect anything too conventional here. |
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Farmer Bill
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January 06, 2017, 11:14:30 AM |
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The quality of journalism in the once revered Times newspaper, is now as poor as any other trashy mainstream rag. "Bitcoins 23% drop biggest in its 23 year history" indeed. Bitcoin has experienced far more violent price movements in its 8 year history. For instance in a 24 hour period 6 - 7th Dec 2013 fell price on Stamp fell from roughly 1020 to 550 which is 185%. Or from 10th to 11th April 2013 price fell from $260 to under $60 around $430% those were the days. Bitcoin is a model of stability now in comparison. |
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ptiper21
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January 06, 2017, 11:15:55 AM |
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around 700-750$ till tomorrow it would be ok!
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OrangeP
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January 06, 2017, 11:20:38 AM |
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There used to be pages of HODL memes when stuff like this happens.
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strawbs
Legendary
Offline
Activity: 868
Merit: 1340
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January 06, 2017, 11:21:11 AM |
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Under the assumption that we are currently forming the handle of a three year cup and handle, how low would the price need to go and how low could it go?
A handle tends to be a drop of between 30% and 50% from the top of the cup rim (i.e. between $587 and $820) I'd be happy with that range - I have a few buy orders scattered around those values already, as I'm usually caught napping during the surges... Minus the ~$200 bottom of the cup. So ~$682-876. But really, I wouldn't expect anything too conventional here. Yeah, I don't think we can see yesterday's drop as the start of a handle, since it was caused by anomalous Chinese yuan news. And btc always does what we least expect, so unless there is any more unexpected 'news' then it could easily rebound from here and re-test the ATH. |
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Ted E. Bare
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January 06, 2017, 11:21:32 AM |
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But doesn't this already look very bottomish?
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Poll
