Bitcoin Forum
January 23, 2018, 06:52:42 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoin psychological keyline of $2877  (Read 666 times)
Mr.Stinson
Member
**
Offline Offline

Activity: 80


View Profile
September 15, 2017, 08:12:20 AM
 #1

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?
1516733562
Hero Member
*
Offline Offline

Posts: 1516733562

View Profile Personal Message (Offline)

Ignore
1516733562
Reply with quote  #2

1516733562
Report to moderator
1516733562
Hero Member
*
Offline Offline

Posts: 1516733562

View Profile Personal Message (Offline)

Ignore
1516733562
Reply with quote  #2

1516733562
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Rinaze
Full Member
***
Offline Offline

Activity: 210



View Profile
September 15, 2017, 08:16:10 AM
 #2

It's very much possible if the China miners (and they made up of slightly more than 70% of the pool) are chickening out and dumping their BTC as well.

btcone111
Full Member
***
Offline Offline

Activity: 140


View Profile
September 15, 2017, 08:28:35 AM
 #3

As of right now, OKCoin in China trading at $2790.
So you could consider $2877 gone.

Also, two days ago the Japanese and Korean are buying creating a 20% premium in their markets when BTC started dropping.
Now the Jap and Korean are also selling, leaving the West to defend the front alone.

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
      Best FREE BITCOIN!!! A chance to win 0.01 BTC every hour! 100% Free BTC lottery tickets to win 0.7BTC!    ║    
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
Rinaze
Full Member
***
Offline Offline

Activity: 210



View Profile
September 15, 2017, 08:30:45 AM
 #4

As of right now, OKCoin in China trading at $2790.
So you could consider $2877 gone.

Also, two days ago the Japanese and Korean are buying creating a 20% premium in their markets when BTC started dropping.
Now the Jap and Korean are also selling, leaving the West to defend the front alone.
Okcoin and Houbi are meeting up with the Chinese regulators today to discuss their fate, which is very likely to be the same as BTCCoin and ViaBTC. The scenario might be worse than we thought or it might be other way around!

MrCrank
Sr. Member
****
Offline Offline

Activity: 462



View Profile
September 15, 2017, 08:35:31 AM
 #5

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

My opinion that it's impossible.
Can't break 3000 usd. After few days price going to 5000 usd IMHO.
This is good price for buying bitcoin today.

                                                                                                   ▄███████████▄
     ▄▄████████████▄▄        █████████████████    █████████████████▄        █████████████████    ▄██▀         ▀██▄
   ▄██▀▀          ▀▀██▄                           ██              ▀▀██                           ▄▄▄           ▄▄▄
  ██▀                ▀██▄                         ██                 ██                           ▀██▄       ▄██▀
 ██                    ██                         ██                  ██                            ▀██▄   ▄██▀
██▀                                               ██                   ██                             ▀██▄██▀
██                           ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄     ██                   ██   ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄            ▀█▀
██                           ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀     ██                   ██   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀             ▄
██▄                    ██                         ██                   ██                              ▄███▄
 ██                    ██                         ██                  ██                             ▄██▀ ▀██▄
  ██▄                ▄██▀                         ██                 ██                            ▄██▀     ▀██▄
   ▀██▄▄          ▄▄██▀                           ██              ▄▄██                           ▄██▀         ▀██▄
     ▀▀████████████▀▀        █████████████████    █████████████████▀        █████████████████  ▄██▀             ▀██▄

    ▄██████████████▄
   ▄████████████████▄
  ▄██████████████████▄
 ▄████████████████████▄
▄██
████████████████████▄
 ▀████████████████████▀
  ▀██████████████████▀
    ▀██████████████▀
      ████████████
       ▀████████▀
        ▀██████▀
          ▀██▀
           
The 1st Ever Certified Blockchain
Based Diamond Exchange ❱ ❱ ❱ ❱


█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
  █
  █
 
  █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ 
krishnapramod
Legendary
*
Offline Offline

Activity: 1134


View Profile
September 15, 2017, 09:32:18 AM
 #6

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

Psychologically, $3000 is a key level. There was a steady uptrend from $2877 and this number is also bitcoin’s current 100-day moving average. Bitcoin was stable at around $3000 for a couple of months and then broke into $5000. So $3000 is the level where bitcoin was stable for a good period of time so it isn't wrong to assume that bitcoin price wouldn't/shouldn't drop below this stability point.

Leave aside the psychological keyline, no one was expecting the recent turn of events and the impact is substantial because China is a major bitcoin market.

Bitcoin has already dropped considerably and as this whole Chinese drama unfolds it might drop further. Breaking the keyline doesn't matter, what matters is getting over with all this drama and then recovering.

Riddikulo
Hero Member
*****
Offline Offline

Activity: 560


Whitelist for WePower token sale before 1st of Feb


View Profile
September 15, 2017, 10:42:19 AM
 #7

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

Psychologically, $3000 is a key level. There was a steady uptrend from $2877 and this number is also bitcoin’s current 100-day moving average. Bitcoin was stable at around $3000 for a couple of months and then broke into $5000. So $3000 is the level where bitcoin was stable for a good period of time so it isn't wrong to assume that bitcoin price wouldn't/shouldn't drop below this stability point.

Leave aside the psychological keyline, no one was expecting the recent turn of events and the impact is substantial because China is a major bitcoin market.

Bitcoin has already dropped considerably and as this whole Chinese drama unfolds it might drop further. Breaking the keyline doesn't matter, what matters is getting over with all this drama and then recovering.

Yes I also think that 3000$ is a key level. Lets see what will be. Now bitcoin is on 3058$ price. Almost 3000$...

      ▀███   ███   ████    ▄██████▄
       ████ █████ █████▄  ███▀  ▀███
        ███▄██▀██▄██████  ██████████
        ▀█████ █████▀████ ███▄  ▄▄▄
         ▀███   ███▀  ███▄ ▀██████▀▀
                      ▀███
███▄████▄     ▄█████▄  ████   ███   ███▀ ▄██████▄  ███▄██
████▀▀▀███▄ ▄███▀▀▀███▄ ███  █████  ███ ███▀  ▀███ █████▀
███     ███ ███     ███ ▀███ █████ ███  ██████████ ███
███▄   ▄███ ███▄   ▄███  ▀█████▀█████▀  ███▄  ▄▄▄  ███
█████████▀   ▀███████▀    ████▀ ▀████   ▀████████▀ ███
███ ▀▀▀▀       ▀▀▀▀▀       ▀▀▀   ▀▀▀      ▀▀▀▀▀▀   ▀▀▀
███
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
BitcoinHodler
Hero Member
*****
Offline Offline

Activity: 770


HODLing is an art, not just a word...


View Profile
September 15, 2017, 10:46:14 AM
 #8

technical analysis is mostly useless for bitcoin, it doesn't matter what it tells you the bottom, resistances, supports are. in the end the price will be determined based on how much panic is there in the community!

if it were useful then price shouldn't have dropped like this! the current curve doesn't fit any kind of analysis you may come up with.














 

 

█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
BitBlender 

 













 















 












 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
ElPerrito
Newbie
*
Offline Offline

Activity: 19


View Profile
September 15, 2017, 10:47:54 AM
 #9

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

This will never happen, the supports around 3.000 dollars should work accordingly and they will tight bitcoin hard.
Sjonnebonbon01
Jr. Member
*
Offline Offline

Activity: 40


View Profile
September 15, 2017, 10:57:58 AM
 #10

Coinmarketcap shows current price $ 2991,55! Interested to see what will happen now
btcone111
Full Member
***
Offline Offline

Activity: 140


View Profile
September 15, 2017, 11:24:14 AM
 #11

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

My opinion that it's impossible.
Can't break 3000 usd. After few days price going to 5000 usd IMHO.
This is good price for buying bitcoin today.

While you're still dreaming it cannot break $3000 here we go, $2977!!
 Grin Grin

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
      Best FREE BITCOIN!!! A chance to win 0.01 BTC every hour! 100% Free BTC lottery tickets to win 0.7BTC!    ║    
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
SUDARMONO
Full Member
***
Offline Offline

Activity: 196



View Profile
September 15, 2017, 11:35:08 AM
 #12

which I think quietly calm, although the bitcoin price fell, I am sure in time later bitcoin prices will rise again, and I also think more to buy more bitcoin the price is down now, I think this is also one of the opportunities for me to invest more in bitcoin, I'm not overly bad about bitcoin prices at the moment.

DoublerHunter
Hero Member
*****
Offline Offline

Activity: 658

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
September 15, 2017, 12:06:13 PM
 #13

The price of bitcoin is at risk right now because it might go even farther than 2,877 USD and it might go for a comeback for 2,000 USD price per one bitcoin and that is what need to be prepared and ready our money to buy back some bitcoin for future holdings and be patient and don't look at the market because the market is already has a bloodbath.

shadyrifles
Full Member
***
Online Online

Activity: 224


Highest ROI crypto infrastructure


View Profile
September 15, 2017, 12:14:32 PM
 #14

It will go below the psychological key line.

BTCLovingDude
Legendary
*
Offline Offline

Activity: 854


View Profile WWW
September 15, 2017, 12:25:58 PM
 #15

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

My opinion that it's impossible.
Can't break 3000 usd. After few days price going to 5000 usd IMHO.
This is good price for buying bitcoin today.

While you're still dreaming it cannot break $3000 here we go, $2977!!
 Grin Grin

market is still small and the orderbooks are way too thin and with that attribute it means price can easily go to some number if there is a large enough sell or large enough buy for pushing in other direction. that is in fact the reason why manipulation is rather easy here.
and as you can see curretnly price is $3241 and we had nearly a $300 swing because of what i said!!!

Looking for Sig.
btcone111
Full Member
***
Offline Offline

Activity: 140


View Profile
September 15, 2017, 12:30:24 PM
 #16

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

My opinion that it's impossible.
Can't break 3000 usd. After few days price going to 5000 usd IMHO.
This is good price for buying bitcoin today.

While you're still dreaming it cannot break $3000 here we go, $2977!!
 Grin Grin

market is still small and the orderbooks are way too thin and with that attribute it means price can easily go to some number if there is a large enough sell or large enough buy for pushing in other direction. that is in fact the reason why manipulation is rather easy here.
and as you can see curretnly price is $3241 and we had nearly a $300 swing because of what i said!!!

Well, if it broke, it broke.
We all know BTC will probably go higher in the long term.
But if the question was "will it break $3K?" it went to $2977, then case closed. Yes it broke.

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
      Best FREE BITCOIN!!! A chance to win 0.01 BTC every hour! 100% Free BTC lottery tickets to win 0.7BTC!    ║    
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
Bagrras
Member
**
Offline Offline

Activity: 66


View Profile
September 15, 2017, 12:35:32 PM
 #17

Bitcoin will not fall below 3000. Its price is already increasing.
zeze18
Sr. Member
****
Offline Offline

Activity: 406



View Profile
September 15, 2017, 12:48:46 PM
 #18

if a few hours ago the price of bitcoin had dropped to $ 2877 but now the price is rising up about $3352.4613 it certainly shows about the progress of good bitcoin, and remain optimistic in the face of current market trends are uncertain.

             ▄██████████▄
           ▄██████████████▄
          █████▀      ▀█████
         ████▀          ▀████
         ▀▀▀   ▄██████▄   ███▌
     ▄▄████   ▐████████▌  ████  ▄▄
   ▄████████   ▀██████▀   ███▌ ████▄
  █████▀▀▀▀▀      ▐█▌     ▀▀▀  ▀█████
 ████▀          ▄█████▄          ▀████
████   ▄█████▄▄█▀     ▀█▄▄█████▄   ███▌
███▌  ▐███████▌   ███   ▐███████▌  ▐██▌
████   ▀█████▀    ▀███   ▀█████▀   ███▌
 ████▄         ▄█▄ ▀███▄         ▄████
  ▀████▄▄▄▄▄▄▄███▀   ▀███▄▄▄▄▄▄▄████▀
    ▀▀████████▀▀       ▀▀████████▀▀
BitCloud  BTDX
A new type of decentralized currency
.
Most  Profitable  Masternode Coin
▬▬▬    • Wallet  • Details  • Exchanges  •Masternode    ▬▬▬
.
.
ANN  Blockexplorer  MN Calculator  ▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬    Twitter  Github  Slack
GeePeeU
Sr. Member
****
Offline Offline

Activity: 252



View Profile
September 15, 2017, 01:05:46 PM
 #19

Cue FOMO and a rush to 6k, followed by another dump.

▀    ★★★ INTENSE COIN ★★★ 
┊┈ BLOCKCHAIN BACKED DECENTRALISED P2P VPN ┊┈
█ █  Medium Twitter Slack Discord RedditFacebook Whitepaper Bitcointalk Ann  █ █ 
MrCrank
Sr. Member
****
Offline Offline

Activity: 462



View Profile
September 15, 2017, 05:44:42 PM
 #20

https://www.bloomberg.com/news/articles/2017-09-15/forget-3-000-the-bulls-may-have-lost-if-bitcoin-breaks-2-877

does that mean if we break the keyline of $2877 the bitcoin will fall even worse than the last days?
what do you guys think?

My opinion that it's impossible.
Can't break 3000 usd. After few days price going to 5000 usd IMHO.
This is good price for buying bitcoin today.

While you're still dreaming it cannot break $3000 here we go, $2977!!
 Grin Grin

Can't it's exchange bug Grin Price rising again! 3500+ USD now!
Don't panic friends! I bought little bitcoins when price was been about 3000.
Good profit to all!

                                                                                                   ▄███████████▄
     ▄▄████████████▄▄        █████████████████    █████████████████▄        █████████████████    ▄██▀         ▀██▄
   ▄██▀▀          ▀▀██▄                           ██              ▀▀██                           ▄▄▄           ▄▄▄
  ██▀                ▀██▄                         ██                 ██                           ▀██▄       ▄██▀
 ██                    ██                         ██                  ██                            ▀██▄   ▄██▀
██▀                                               ██                   ██                             ▀██▄██▀
██                           ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄     ██                   ██   ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄            ▀█▀
██                           ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀     ██                   ██   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀             ▄
██▄                    ██                         ██                   ██                              ▄███▄
 ██                    ██                         ██                  ██                             ▄██▀ ▀██▄
  ██▄                ▄██▀                         ██                 ██                            ▄██▀     ▀██▄
   ▀██▄▄          ▄▄██▀                           ██              ▄▄██                           ▄██▀         ▀██▄
     ▀▀████████████▀▀        █████████████████    █████████████████▀        █████████████████  ▄██▀             ▀██▄

    ▄██████████████▄
   ▄████████████████▄
  ▄██████████████████▄
 ▄████████████████████▄
▄██
████████████████████▄
 ▀████████████████████▀
  ▀██████████████████▀
    ▀██████████████▀
      ████████████
       ▀████████▀
        ▀██████▀
          ▀██▀
           
The 1st Ever Certified Blockchain
Based Diamond Exchange ❱ ❱ ❱ ❱


█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
  █
  █
 
  █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ █
█ 
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!