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soullyG
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January 18, 2017, 01:55:49 PM |
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Whats causing the downswing?
Expected correction/retest of support after the recent rise |
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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January 18, 2017, 01:59:47 PM |
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Oh no the price dropped to higher than it was a few days ago, bitcoin is surely dead this time.
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alexout
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January 18, 2017, 02:03:32 PM |
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Whats causing the downswing?
Expected correction/retest of support after the recent rise considering buying a couple of coins to make a quick few hundred dollars of profit. |
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abercrombie
Legendary
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Activity: 1159
Merit: 1001
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January 18, 2017, 02:07:07 PM |
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vgo
Legendary
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Activity: 2072
Merit: 1019
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January 18, 2017, 02:15:47 PM |
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boyshx
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January 18, 2017, 02:21:30 PM |
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LOL at this tweet
"@cnLedger Probably all the relatives of those working at PBOC shorted before this announced. Nice"
It wouldn't surprise me at all if this was true
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Chainsaw
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January 18, 2017, 02:27:11 PM |
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Long term support for the bottom: <pic> Descending wedge in the shorter term:  Descending wedges are typically reversal patterns, and we would have to break a strong support line to defy expectations upon pattern resolution. The support line will force the shorter term descending wedge to terminate before its forced termination at convergence. The two trends converge by 1/18 14:00. I am expecting one more leg downwards, constrained by both the wedge and support. If these hold, then the lowest low would be $686. Some solid TA for once.  Didn't catch that wedge myself One thing I like about it is, the top of that wedge hasn't really been defined on-volume yet. So one way it could invalidate the short term trend would be to reshape itself into a downward channel, rather than wedge....and then we have transitioned into the cup and handle pattern :-) Having broken on low volume, with no real follow through, this is looking increasingly likely. The case would strengthen greatly if we get a rally which stops on the yet-to-be-defined, resistance line parallel to support. This is one of those rare scenarios where my short term expected position is bearish, but for exactly those reasons the medium term outlook is bullish.  Perfect timing for a much-needed correction! I expect this range to hold on the downside until breakout. I'm unsure what kind of ratio of time-in-handle exists, relative to time-in-cup. |
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Master mind
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January 18, 2017, 02:55:20 PM |
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Different EW theorists have varying wave counts. One Elliott Wave count that is as reasonable as any is by Paul Gordon of Coinscrum, who believes we are now in Primary Wave 3 of Grand Cycle I with a projected high of $9304.  Wave 3 Wave 3 |
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torrentco
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January 18, 2017, 02:55:51 PM |
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we definetely are going down for the next few weeks.the question is how much down.
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HI-TEC99
Legendary
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Activity: 2772
Merit: 2847
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January 18, 2017, 03:01:43 PM |
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Tmdz
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January 18, 2017, 03:09:45 PM |
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Bear action confirmed.
Go ahead dump more coin, im prepared this time.
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Killerpotleaf
Sr. Member
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Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
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January 18, 2017, 03:23:23 PM |
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MinermanNC
Legendary
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Activity: 2212
Merit: 1000
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January 18, 2017, 03:28:24 PM |
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Ahhhh these where the good old days. My how things have changed  Going through some old Coinbase emails lol 8/31/2013
Coinbase
Hi xxxxxxxxxx.com,
You just received 1.56124585 BTC (worth $205.76 USD) from an external bitcoin account.
Click here to sign in and view this transaction
Kind regards,
The Coinbase Team |
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alexout
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January 18, 2017, 03:32:02 PM |
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Def not going down.
Trump steps into office in 2 days. Price will go up unless China fucks something up, which doesnt seem as likely anymore.
Stop spreading FUD please, just because you want to buy cheap coins.
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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January 18, 2017, 03:37:04 PM |
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Trump has fuckall to do with the price. The hell is wrong with some of you?
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MinermanNC
Legendary
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Activity: 2212
Merit: 1000
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January 18, 2017, 03:37:48 PM |
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Remember these guys? Did a great job but soon was shut down by VA for improper money transmissions license  4/24/13
Tangible Cryptography LLC sent you 38.06 USD
Transaction ID: 71V929676L694xxxx
Hello xxxxx xxxxx,
Just thought you'd like to know Tangible Cryptography LLC sent you 38.06 USD.
Note from sender, Tangible Cryptography LLC:
Sales Commission (Order #200xx)
Some of my earliest rewards from BTC mining.... amazing what a few old GPU's could earn you back then. Was exciting times. ok, now back to the real world  come on $900.00!!  |
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alexout
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January 18, 2017, 03:38:39 PM |
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Trump is everywhere bro. Did you not see how the stock market was affected when he won the election?  |
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soullyG
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January 18, 2017, 03:45:00 PM |
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The worlds most powerful idiot...when even just a tweet can crash your companies stock by 10% in moments
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Tmdz
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January 18, 2017, 03:48:01 PM |
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Trump is everywhere bro. Did you not see how the stock market was affected when he won the election? The Chinese are more concerned with their friends over at the PBoC uncovering all these laws they have been freely breaking. These 2 dumps show the lack of confidence, meanwhile bulls are scrambling to the market to prop up the price. |
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MinermanNC
Legendary
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Activity: 2212
Merit: 1000
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January 18, 2017, 03:50:39 PM |
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The worlds most powerful idiot...when even just a tweet can crash your companies stock by 10% in moments
So you like paying for prescription drugs that are 1000% markup and hence, result much higher premiums for your heath insurance plans? along with other factors of course..... I hardly say he is an idiot... to the contrary, I think he sees why the USA is going broke. Now what's all this got to do with Bitcoin? very little.... |
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