Ibian
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Activity: 2268
Merit: 1278
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June 15, 2017, 06:13:42 AM |
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So the maths happened.. parabolic has to complete its cycle before.. moving upward.. it will surely cross 3000 usd level but after completing this parabolic cycle... and it has to come down to anywhere between 1300 to 1500 usd level... which is 61.8% to 78.8% retracement of this parabolic move ... over 8 weeks.  I like your chart, but it's never hitting $1500. Ever. You know what they say, never say never, Finex longs are around $70MM all time high, shorts are down to BTC15K more than half from all time high in April. If longs will start getting squeezed it won't be pretty  In that case, that is exactly what will happen. Gonna sleep on it, see where the price is a bit later. |
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N12
Donator
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Activity: 1610
Merit: 1010
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June 15, 2017, 06:16:04 AM |
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Bubble has most probably popped. Get ready for a global crypto bear market.
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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June 15, 2017, 06:20:41 AM |
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and congratz for who sold at 3000 enjoy the holidays
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TeeBone
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June 15, 2017, 06:25:30 AM |
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and congratz for who sold at 3000 enjoy the holidays
Actually, congrats to those buying this dip, we may never see 2K again. |
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NUFCrichard
Legendary
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Activity: 1218
Merit: 1003
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June 15, 2017, 06:28:04 AM |
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and congratz for who sold at 3000 enjoy the holidays
The way things seem to go right now, I think the price will recover over the next few days. It is obviously a joke that the price can fall 25% for no reason so frequently, but c'est la vie! I didn't sell at $3000, though I have been looking to sell a very small amount. I keep waiting, then waiting but I am too afraid to miss out should the price continue to rise. Let's see how it goes from here, even $2000 is a very high price historically. |
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FractalUniverse
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June 15, 2017, 06:28:27 AM |
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bought few around 2200, will buy more if it gets lower
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Holliday
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Activity: 1120
Merit: 1012
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June 15, 2017, 06:29:30 AM |
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Bubble has most probably popped. Get ready for a global crypto bear market.
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kludzins
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June 15, 2017, 06:32:26 AM |
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Bubble has most probably popped. Get ready for a global crypto bear market.
Yeah so BIG bitcoin bubble  It's all about perspective  |
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adaseb
Legendary
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Activity: 3878
Merit: 1733
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June 15, 2017, 06:39:19 AM |
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Scalping here. Tight stop, already went down alot today.  Covered here. Pretty sure it won't go much lower, at least for today. |
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adaseb
Legendary
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Activity: 3878
Merit: 1733
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June 15, 2017, 06:45:52 AM |
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So the maths happened.. parabolic has to complete its cycle before.. moving upward.. it will surely cross 3000 usd level but after completing this parabolic cycle... and it has to come down to anywhere between 1300 to 1500 usd level... which is 61.8% to 78.8% retracement of this parabolic move ... over 8 weeks. This is a good analysis if you are looking for a long term long at around the ~$1200 level or so. However its too early to tell if we will be getting any mid-term bearish action. Shorting based on this is not a good indicator. Tomorrow, all of todays moves could easily be reversed as it was in the past. We are still in a strong bull market. |
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starmman
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Activity: 1484
Merit: 1029
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June 15, 2017, 06:50:32 AM |
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Bubble has most probably popped. Get ready for a global crypto bear market.
Sounds about right - we've been in bull for a while - nice to get some bearish sentiment for a while - then back on the train to 3000+ in a couple of months time =) |
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Pente
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June 15, 2017, 06:54:11 AM |
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This seemed like a small bubble in our fractal growth. If it rhymes with an earlier one, maybe we will see another around the end of this year:  http://imgur.com/a/f3ZQy |
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FractalUniverse
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June 15, 2017, 07:00:43 AM |
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looks good, strong rebound.
pity it didnt fill my second order at 2020
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User705
Legendary
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Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
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June 15, 2017, 07:06:19 AM |
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This news is irrelevant as merchants don't keep any BTC and simply contribute to the volatility. |
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FractalUniverse
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June 15, 2017, 07:09:47 AM |
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why should it contribute to volatility? imo its actualy positive as more retail BTC transactions are making bitcoin more viable and stronger in the long run. Only setback now is limited amount of transactions in 10 minute block window, and high fee
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JayJuanGee
Legendary
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Activity: 3906
Merit: 11182
Self-Custody is a right. Say no to"Non-custodial"
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June 15, 2017, 07:11:04 AM |
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and this is why crypto is not a "store of value"
And this is why we cannot have nice things.  |
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ShroomsKit_Disgrace
Legendary
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Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
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June 15, 2017, 07:20:47 AM |
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So you guys promised me 10000-15000 $ per BTC, you promised me Lambos and (diet) coke...and I sold my house and wife at 2999$, and look at me now I hope Vitalik can bail me out, he is our only hope now. Good morning fellows! |
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kludzins
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June 15, 2017, 07:29:31 AM |
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Real traders do this before trading btc:  |
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Searing
Copper Member
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Activity: 2898
Merit: 1465
Clueless!
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June 15, 2017, 07:31:30 AM |
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Real traders do this before trading btc: yep...was gonna sell some a couple days ago....stalled...thus lost $400 per btc if I'd have moved 4 btc ...ouch so now i just sit on them some more..did not sell funny how that works...I stall to sell but and damn quick to buy  |
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