empowering
Legendary
 Offline
Activity: 1078
Merit: 1441
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June 12, 2017, 04:13:55 PM |
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Kraken is near a channel top or evident positive sentiment.
Kraken swings to the bottom of the channel. I'd like this regular channel to hold just so I have an easy way to know when to gauge the price advancing, usually its not that simple. But for the moment we hold this line roughly, 2406 is a previous peak and so its magnetised. In this market of people guessing, these significant numbers are just ones they remember or yet again we see 3,000 in bright lights like its very important. Of course we sell off because 3000 is so important and its a good figure to put into your orders, stop sell, limit sell whatever logic you want. A consensus forms and we get sell pressure which leads into more apprehension and we must reset some again. However I'm looking at the cause of the 'avalanche' and its a round number, just a ghost more then actual real pressure or an event. I'm not prone to be bearish with just that especially. Could be now is a time to accumulate and we'll go sideways but further evidence and price confirmation would be good. Huobi shows a trend break of less then seven days. I think I said previously 19400 for a good area to mark strength, look for that again maybe. $2794, $2834 are fib levels to retrace and roughly its the current range post pullback $36,188,118,475 is a lot of priced in potential ... without that much to show for it as of yet... not knocking it totally, just saying the cart seems to have gotten ahead of the horse here at this present moment in time as the project stands, or so it seems... I hope they can pull it off, for everyone's sake- but hope and $36,188,118,475 are two different things... |
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600watt
Legendary
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Activity: 2338
Merit: 2106
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June 12, 2017, 04:36:34 PM |
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yeah, I saw that coming. bitcoin is dead, electra rules.  love this. let´s see what the press is doing with this new champion. we need 100´s of new electra - like coins to push all other coins of the list. |
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JimboToronto
Legendary
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Activity: 3990
Merit: 4439
You're never too old to think young.
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June 12, 2017, 04:42:44 PM |
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Well good morning Bitcoinland. Looks like another typical day.
Let's see what we've got so far:
A new ATH? Check.
A substantial correction/profit-taking? Check.
A sizeable rebound partway back up? Check.
Trolls and altcoin shills coming out of the wood work using words like "extinction" "end" and "death"? Check.
____
What I see is a dip all the way down to $100 higher than we were less than 5 days ago, followed by a bounce back to where we were the day before yesterday.
Now it's consolidating where we were half a week ago... Currently $2753USD (Bitcoinaverage). A nice correction to keep the continuing uptrend honest perhaps, but barely a buying opportunity. If it bounces back down toward $2.7k, perhaps I'll buy a little.
It certainly didn't drop enough to justify all the pessimism and hand-wringing I see here this morning.
edit: While I was typing it dipped back down below $2700. Guess I'll hafta go get me some.
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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June 12, 2017, 04:45:50 PM |
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let your head in the sand it's fine
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DeathAngel
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Activity: 3094
Merit: 1593
#1 VIP Crypto Casino
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June 12, 2017, 04:51:29 PM |
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Well good morning Bitcoinland. Looks like another typical day.
Let's see what we've got so far:
A new ATH? Check.
A substantial correction/profit-taking? Check.
A sizeable rebound partway back up? Check.
Trolls and altcoin shills coming out of the wood work using words like "extinction" "end" and "death"? Check.
____
What I see is a dip all the way down to $100 higher than we were less than 5 days ago, followed by a bounce back to where we were the day before yesterday.
Now it's consolidating where we were half a week ago... Currently $2753USD (Bitcoinaverage). A nice correction to keep the continuing uptrend honest perhaps, but barely a buying opportunity. If it bounces back down toward $2.7k, perhaps I'll buy a little.
It certainly didn't drop enough to justify all the pessimism and hand-wringing I see here this morning.
I've been in this game since 2014, I guess you have even longer. Why are we still getting ridiculous hysteria & trolling when the price dips, what I wouldn't even class as a significant drop. We saw over $2900 yes but a correction into the $2600's is nothing to worry about if you're a bull or HODLER & I'd say if you're a bear a drop of this % is nothing to get excited over either. We have some strange posters in this thread these days. |
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Syke
Legendary
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Activity: 3878
Merit: 1193
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June 12, 2017, 04:52:11 PM |
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A substantial correction/profit-taking? Check.
Profit-taking still quite active. |
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JimboToronto
Legendary
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Activity: 3990
Merit: 4439
You're never too old to think young.
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June 12, 2017, 05:04:26 PM |
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A substantial correction/profit-taking? Check.
Profit-taking still quite active. So I see. Looks like the second leg of this correction is happening now. I wonder if it will actually go all the way down to where we were 4 days ago. Do I really have to post a long-term chart just to point out how insignificant this dip is in the greater scheme of things? I think I'll make some coffee before heading out to possibly buy. How low will it go?  |
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Torque
Legendary
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Activity: 3542
Merit: 5039
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June 12, 2017, 05:05:42 PM |
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I'm guessing we'll see a third leg down that breaches 2500, before the bounce.
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micalith
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June 12, 2017, 05:08:12 PM |
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A substantial correction/profit-taking? Check.
Profit-taking still quite active. So I see. Looks like the second leg of this correction is happening now. I wonder if it will actually go all the way down to where we were 4 days ago. Do I really have to post a long-term chart just to point out how insignificant this dip is in the greater scheme of things? I think I'll make some coffee before heading out to possibly buy. How low will it go? Ah, no breaking news being used as an excuse for the profit taking correction then? |
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BurstIncomeAsset
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June 12, 2017, 05:10:36 PM |
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What a pump. What a wonderful pump.
Gonna buy some altcoins before the window of opportunity closes. I think everyone remembers what happened in the last bear ride below $2k? Alts devaluated more than Bitcoin, then recovered quicker
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becoin
Legendary
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Activity: 3431
Merit: 1233
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June 12, 2017, 05:16:57 PM |
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A substantial correction/profit-taking? Check.
Profit-taking still quite active. I take my profit only when I store my profit in bitcoins. |
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machasm
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June 12, 2017, 05:17:57 PM |
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I am still holding but I do find these sudden moderate to large drops quite disconcerting, especially when there seems to be no immediate/apparent reason for them?
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lost_in_base
Member
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Activity: 84
Merit: 10
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June 12, 2017, 05:22:25 PM |
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INCOMING!
PREPARE FOR THE DUMP
Im preparing for the dump on the moon Fuck, the dump came later than i expected and bought in too high.. |
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FractalUniverse
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June 12, 2017, 05:28:44 PM |
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So it happened after all. i was off one day. they just wanted to print 3000 on the charts.
whats positive is, that lots of shitcoins will be dumped hard . bitcoin should come out stronger aftar the dust settles
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Dotto
Legendary
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Activity: 981
Merit: 1005
No maps for these territories
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June 12, 2017, 05:34:28 PM |
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Roach talking his book about metals in 3... 2... 1...
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lost_in_base
Member
Offline
Activity: 84
Merit: 10
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June 12, 2017, 05:36:00 PM |
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So it happened after all. i was off one day. they just wanted to print 3000 on the charts.
whats positive is, that lots of shitcoins will be dumped hard . bitcoin should come out stronger aftar the dust settles
This is for all who are feeling that they made a bad deal buying in high. If want to sell, place your sell order around 3k, wait for 2-4 days, be happy. Holders, they dont care. It is going up anyway. There is going to be panic sells, get them!!! I have once sold at bottom at dip. MY BIGGEST LOSS EVER! |
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ShroomsKit_Disgrace
Legendary
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Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
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June 12, 2017, 05:40:49 PM |
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wow! this is a lot of "profit-taking"!  |
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Bitcoinaire
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June 12, 2017, 05:42:51 PM |
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Nice, healthy pullback. 2017 is gonna be great!
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Meuh6879
Legendary
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Activity: 1512
Merit: 1011
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June 12, 2017, 05:43:05 PM |
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Nice short ... boy !   |
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FractalUniverse
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June 12, 2017, 05:47:58 PM |
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So it happened after all. i was off one day. they just wanted to print 3000 on the charts.
whats positive is, that lots of shitcoins will be dumped hard . bitcoin should come out stronger aftar the dust settles
This is for all who are feeling that they made a bad deal buying in high. If want to sell, place your sell order around 3k, wait for 2-4 days, be happy. Holders, they dont care. It is going up anyway. There is going to be panic sells, get them!!! I have once sold at bottom at dip. MY BIGGEST LOSS EVER! Not just panic sells. there will be margin calls on leveraged longs. Some of this forced sellings probably already happened, we may learn about them later in crypto news. Even with small 1:3 leverage it doesnt take much. and it dropped more than 20% |
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