Bitcoin in a mood of correction?

[Stedsm]

I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

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[HanvanBitcoin]

3000 euro a BTC would be nice to buy back in 

[Stedsm]

3000 euro a BTC would be nice to buy back in 

You mean a drop to $3500 is possible?
That would be nearly 23% fall in the price straight away. I don't think it should fall till such price unless the current prices are a part of a formed bubble and I hope it's not what everyone's talking about - a pump. It is currently $3867 (at the time of writing).

[oegarod]

This looks like a correction that happened when the price was peaked towards $3000 and suddenly came low below $2000. Now too the correction he been going on, as the price went near to $4500 and falling low to $4000 and this is just a temporary dump which grows in a short.

[ravenjt]

Given that today's range on BitStamp is 3,800 to 4,400, clearly 3,500 is very possible!
It's volatile.

[Noore Najjar]

it will not drop below 3000 ever again , if the dump gonna happe again its on 3700 and its good time to buy ? im just curious if we had 4000$ right now , why it will dumping hard on 3000ish , so probably not and best time to buy at 3500-3700

[cashodler]

it will not drop below 3000 ever again , if the dump gonna happe again its on 3700 and its good time to buy ? im just curious if we had 4000$ right now , why it will dumping hard on 3000ish , so probably not and best time to buy at 3500-3700

Don't worry, we're getting to $3000 anyway, the only question is when, shitstorm coming in November and this correction. The greater the pump, the greater the dump.

[BitcoinBarrel]

If you've been paying attention the past month, you would have noticed that this has happened 3 or 4 times at least. The price goes up, drops down about 10% or so, then shoots up to an ATH.

I suspect it is going to do the same thing. The weak hands will dump fearing they missed out on some profits, then it will shoot up to $5000.

[blackmagician]

The dropping on bitcoin price has started , im pretty sure it will go back at 3700$ again. That would be the correct price i guess.
Dont panic they are just correcting some things that needs to be corrected, and  everything will be fine.

[Aamir1]

Bitcoin price is dropping rapidly from a few hours and i'm not sure if where its headed, but anywhere near $3500 can be a good guess i think. It is dropping about 7% after every one or two hours and it may continue for a while until it starts going a bit higher again. So maybe buying now wont be the best time and it would be ideal to wait some more and buy when it is done going down.

[BrewMaster]

... Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

well those of us who have been around for a while have already bought bitcoin at much cheaper prices and those of us who wanted the profit have already sold some to buy back after the dip.
this is probably the correction that we were waiting for. if so, it will take a while to reach the bottom. i wouldn't dare short bitcoin but that is also an option.

if someone is new they can wait it out and buy when the dip was finished and things became stable and then buy and brace themselves for $5000

[bamboylee]

I will wait this one out and see how low the support will be. When it starts to slowly move up again, then that is the time I will buy again. It is hard to predict the support because it went up too fast.

[Stedsm]

If you've been paying attention the past month, you would have noticed that this has happened 3 or 4 times at least. The price goes up, drops down about 10% or so, then shoots up to an ATH.

I suspect it is going to do the same thing. The weak hands will dump fearing they missed out on some profits, then it will shoot up to $5000.

I have also read a few articles about the price being pumped to 4500 level then getting a correction after which the price will be targeting towards a prediction of 5k usd which was made by Max Keiser (that American film maker). Price slipped down real hard and a war between buyers and sellers is going on as when I started this thread, it was near 3860 and it is 3984 atm. Can anyone give some real Fibonacci levels where they could locate the best possible support and resistance levels?

[soothaa]

I would say it has a couple hundred more to fall. It rose so fast so quickly that we are very overdue for a correction downward. We'll probably fall into the low 3000's sometime this week, that would be a decent correction from what I have seen. Hopefully it will slide slowly so alts can recover and rise in the meantime as they have recently taken a massive beating from the basically vertical BTC rise.

[coolstory]

I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

I personally expect 2500 usd before the end of 2017. The correction wave will take place for bitcoin and other altcoins as well. The trend will be reverse of this.

[Mahanton]

I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

For me, i agree on what you vision here because it somehow indicates us that correction of prices would really be coming soon and buying into these price ranges is somehow dangerous for me. Even if you do short tradings it would really be risky but if you can able to handle the risk then making money would really be an easy thing. Im waiting for the price to go back on 3k or below because i do see prices would go back on where it do starts to jump out. We should really be observant on this matter.

[BitcoinBarrel]

If you've been paying attention the past month, you would have noticed that this has happened 3 or 4 times at least. The price goes up, drops down about 10% or so, then shoots up to an ATH.

I suspect it is going to do the same thing. The weak hands will dump fearing they missed out on some profits, then it will shoot up to $5000.

Why not 10k? Stop being that moon kid. We're headed into November fork shitstorm, that can possibly be bigger than August 1 and I think 3000 will be the next support and price it might drop and then recover and maybe hit your 5000 if bitcoin doesn't get destroyed by Core/Miners.

Rather invest in OmiseGo.

Did you not read my post? The price hasn't doubled after a 10% drop the past month, so that's why. Like I said, at least 3 or 4 times the price has dropped 10% then jumped to an all-time high maybe 20% or so.

I'm just pointing out the obvious, and I'm guessing you're just spreading fud to promote your new alt coin.

[Pacanier]

I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

I personally expect 2500 usd before the end of 2017. The correction wave will take place for bitcoin and other altcoins as well. The trend will be reverse of this.

I do not think such a downtrend is possible in fact. There are strong suppports all the way to 2500$, and they simply can not be broke in such a short time.

[CowboyKiller]

I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

I personally expect 2500 usd before the end of 2017. The correction wave will take place for bitcoin and other altcoins as well. The trend will be reverse of this.

If Bitcoin have corretion price and stop around at range $2xxx, really this is best price for buying back and holding long term. But the whales don't give us best opportunity as my imagine, so maybe after correction price will have big crash to under $2000 is possible.

[yugyug]

market correction should not fall below 15% from its ATH, hold on to your seat as we dive down below waiting for the crash. so price prediction for market correction will be 3500 USD it is still not bad