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2017Bubble
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January 06, 2017, 11:22:50 AM |
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My bet is that we are forming a triangle till feb/march, around the time that etf might be approved.
Lets get tight before another round of hodl.
It looks like we double bottemed but who knows ^^
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orpington
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January 06, 2017, 11:24:37 AM |
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totally W
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offliberty
Newbie
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Activity: 13
Merit: 0
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January 06, 2017, 11:25:26 AM |
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HODLED since 2013 and yet I opened a long leveraged position at ATH, just praying that we already reached the dip otherwise those days are going to be very expensive.
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SnokkomBTC
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January 06, 2017, 11:32:38 AM |
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omg, chinese...
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P_Shep
Legendary
 Online
Activity: 1795
Merit: 1208
This is not OK.
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January 06, 2017, 11:33:28 AM |
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I want moar cheap coins
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machasm
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January 06, 2017, 11:34:00 AM |
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Thats encouraging Lets hope things move a bit quicker and segwit is adopted soon. Could be the green light we have all been waiting for. |
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Tzupy
Legendary
Offline
Activity: 2170
Merit: 1094
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January 06, 2017, 11:34:46 AM |
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Support broken. Looks like we are in the middle of the second leg down of A.
Critical support broken, confirms we were in the middle. Bottom should be around 5000 CNY. |
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starmman
Legendary
Offline
Activity: 1484
Merit: 1029
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January 06, 2017, 11:35:52 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. I'm expecting both of those things to happen - then at least I'm prepared for both situations =) |
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orpington
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January 06, 2017, 11:37:12 AM |
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That handle looks long enough to me now, lol.
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alphahacktivist
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January 06, 2017, 11:37:17 AM |
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$870
the guy who shorted 10million has a change to get back in now. if he didnt buy higher already.
free loan to chineese exchangers ends tomorrow.. lets see how far back the price goes down till then
i am expecting $830 but thats just me
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savetherainforest
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January 06, 2017, 11:38:37 AM |
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ihihihihihi!!  Damn son..   Almost parity! LOL! ... Soon..
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Ted E. Bare
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January 06, 2017, 11:41:35 AM |
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You were right Tzupybear.
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K~Ehleyr
Sr. Member
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Activity: 434
Merit: 250
Ooh, shiny things!!
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January 06, 2017, 11:49:58 AM |
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Where is everybody going to see the 3-year charts? Bitcoinwisdom doesn't seem to go back more than one week.
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Ted E. Bare
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January 06, 2017, 11:52:04 AM |
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Still the ask side doesn't look too impressive so in theory this can shoot right back up...
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podyx
Legendary
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Activity: 2338
Merit: 1035
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January 06, 2017, 11:56:32 AM |
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But doesn't this already look very bottomish?
Looks very bearish. Look at huobi 3d chart. I'm trying to figure out how we went from so bullish to very bearish so quick. Something is not adding up... |
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Araudan
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January 06, 2017, 11:59:25 AM |
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Hey guys, do you have an idea if the price will go down again ?
Because I would like to buy 1800€ for my saving, would like to buy at the right moment you know...
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leowonderful
Legendary
Offline
Activity: 1624
Merit: 1130
Bitcoin FTW!
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January 06, 2017, 12:01:26 PM |
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Hey guys, do you have an idea if the price will go down again ?
Because I would like to buy 1800€ for my saving, would like to buy at the right moment you know...
Nobody knows. Chances are we've reached the bottom of the drop, but then again we could still go further down to the mid or lower 800s. I would say buy a little now and see what happens later, uncertain times. |
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