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Author Topic: Peak and correction coming  (Read 2815 times)
ft73
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November 02, 2017, 09:03:46 AM
 #1

6950$.
In my humble opinion we're really close to hit the top.

I don't think the bull run will last till fork date.
It's a matter of few days, best case.

We're in bubble territory, so take profit and be liquid.






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BingoDog
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November 02, 2017, 09:15:26 AM
 #2

The price could cross the 7000$ before the next fork. It's not that far but in the meanwhile probably the price will fluctuate, a bit up and down all the time but maybe we could reach even 7500$. I expect correction soon after the fork or maybe a day ot two before but not very big. Anyway, this is the great time to make the profit so put all your available coins into that.

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michkima
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November 02, 2017, 09:20:26 AM
 #3

6950$.
In my humble opinion we're really close to hit the top.

I don't think the bull run will last till fork date.
It's a matter of few days, best case.

We're in bubble territory, so take profit and be liquid.







I also think this is the highest it could go. I already liquidated a huge chunk of my bitcoins into cheap altcoins like Doge, ETH, Waves, and others. I think it will dump by the time it touches $7,000 and it will not go beyond it. If it does, it will not reach further.

I am not sure why people are hoarding bitcoins at this point, because if there would be a hard fork the new coins will not have replay protection. Which means everybody will only be able to transact once with there coins and those coins will go to whatever chain they choose.

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November 02, 2017, 09:23:21 AM
 #4

It can't endlessly go up without another correction, that I believe too, but what's important to realize, is the potential effect of the hard fork that makes people buy more Bitcoin. S2X futures hit 0.16BTC, which I believe is still somewhat low compared to its price at the time the initial dumping stage is over. In that regard, as long as we have this hard fork ahead of us, there is a good chance that the market will keep going up before a correction kicks in. I have taken some profits just above the $6900 level, just in case. I rather not be surprised.

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November 02, 2017, 09:37:08 AM
 #5

Indeed a correction is coming , took profits too and will buy back in dip  Grin
teilwalL05
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November 02, 2017, 09:44:36 AM
 #6

It can't endlessly go up without another correction, that I believe too, but what's important to realize, is the potential effect of the hard fork that makes people buy more Bitcoin. S2X futures hit 0.16BTC, which I believe is still somewhat low compared to its price at the time the initial dumping stage is over. In that regard, as long as we have this hard fork ahead of us, there is a good chance that the market will keep going up before a correction kicks in. I have taken some profits just above the $6900 level, just in case. I rather not be surprised.

As we see right now every hard fork tends us to reach a all time high and then another we coin will be created in the Blockchain by that fork then a correction will occur, and by that time we an see that the price will still rise because the people that holds their bitcoin now sell that new coins that they get into bitcoin I think that is not a surprise for some to really do, even if the correction kicks in we can definitely see bitcoin in a higher place.



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November 02, 2017, 09:56:09 AM
 #7

Indeed a correction is coming, but I believe we will see higher ATH before a correction happens. I wouldn’t be surprised if it hits $8k by the end of month.

I thought it would correct right after the BTG fork, but with B2X and the latest news, things are just pushing the rice up.

There is no pullback on the crypto market cap as well, it has been growing steadily for the past few weeks and it will likely hit $200B by the end of the month.

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November 02, 2017, 10:18:20 AM
 #8

A correction might be coming, but whatever you do DON'T SHORT ON MARGIN.

It looks like this thing has gone higher due to a bunch of whales stop picking, where they force the price up to trigger the stop-losses of those who are shorting, which then triggers a bunch of buys to close out the short.

Just sit on your hands and let it correct naturally from running out of steam.
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November 02, 2017, 10:35:50 AM
 #9

There will be a correction.That's true but we will not see below 6K$.A correction is coming may be to 6.3K to 6.4K.A correction sooner then later is healthy and i want it to happen soon otherwise noobs are are buying at this high price will be disappointed when crash happens Tongue

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eagleman
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November 02, 2017, 10:40:26 AM
 #10

6950$.
In my humble opinion we're really close to hit the top.

I don't think the bull run will last till fork date.
It's a matter of few days, best case.

We're in bubble territory, so take profit and be liquid.
The peak now is $7,000 and I think the same thing will happen as we reached $5,000 before the correction just happened and it went down close to $3,000. Most speculators say that the correction will be happening after the hard fork. But at the current stage now, most of the alt coin profits are going inside bitcoin and riding the run on this moment so we are not in a bubble. I hope this will never end but that's impossible so I would say that bitcoin is seriously flying to the moon so HODL.

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November 02, 2017, 10:44:49 AM
 #11

This train shows no sign of slowing down. Already above $7100. HODL.
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November 02, 2017, 10:49:22 AM
 #12

The price could cross the 7000$ before the next fork. It's not that far but in the meanwhile probably the price will fluctuate, a bit up and down all the time but maybe we could reach even 7500$. I expect correction soon after the fork or maybe a day ot two before but not very big. Anyway, this is the great time to make the profit so put all your available coins into that.

It is quite possible for the price to get to $7000 by the next fork because it's so close to reaching it. A price correction is but expected to happen especially with the continuous increase of the price. But even with the correction, I don't think that the price will go down that much. Bitcoin would still remain at $6000 level perhaps then continue to increase after the correction is made. This would be a great time for others to buy and make some profits.

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November 02, 2017, 10:53:39 AM
 #13

This train shows no sign of slowing down. Already above $7100. HODL.
No sign and it can probably continue up until the hard fork ends. Why people are keep on thinking when there's a rapid increase for bitcoin's price, it's a bubble? How many times did those people who hates the pump that bitcoin is a bubble. If it is on a bubble it did popped even before reaching $2,000 but it didn't and now it's getting far and getting close to another milestone. We are expecting a correction but that's not going to stop people from investing, it's a buy back time when correction is happening.

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ft73
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November 02, 2017, 11:00:12 AM
 #14

Liquidating along the rise.
7170$.
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November 02, 2017, 11:08:24 AM
 #15

$7244 - We must be close to a top here, I just hope the correction isn’t crippling.

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November 02, 2017, 11:12:56 AM
 #16

I sold some today, exactly as I planned to do when it hit my target price. I've already set the next target, when it hits it, I'll sell some again.
The cash I got makes it easier to ride out a big drop. Big drops are just part of Bitcoin, meant to shake coins out of weak hands, after which whales accumulate more. I don't want to be shaken empty, that's why I set my targets and stick to them.
Bitcoin dropped hard many times this year already, and reached a new ATH just as many times. I have no doubt it will go up in the long term, just don't panic in the short term.

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November 02, 2017, 11:13:53 AM
 #17

$7244 - We must be close to a top here, I just hope the correction isn’t crippling.

At least 1000$ correction, probably way more i'd say.
ETA for ignition 1-3 days (worst case).
beware of WE.
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November 02, 2017, 11:15:09 AM
 #18

This train shows no sign of slowing down. Already above $7100. HODL.
No sign and it can probably continue up until the hard fork ends. Why people are keep on thinking when there's a rapid increase for bitcoin's price, it's a bubble? How many times did those people who hates the pump that bitcoin is a bubble. If it is on a bubble it did popped even before reaching $2,000 but it didn't and now it's getting far and getting close to another milestone. We are expecting a correction but that's not going to stop people from investing, it's a buy back time when correction is happening.

It's going parabolic as I type. This could mean it will start slowing down and going into plateau phase. Either way if you sold at $6950 you missed out on a $300 rise. I'd have regretted selling at that point because I'd have to buy back in at a higher price. Nothing wrong with taking profits along the rise but don't think just because it went high it can't go higher. Lesson learned in Bitcoin.
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November 02, 2017, 11:17:58 AM
 #19

This train shows no sign of slowing down. Already above $7100. HODL.
No sign and it can probably continue up until the hard fork ends. Why people are keep on thinking when there's a rapid increase for bitcoin's price, it's a bubble? How many times did those people who hates the pump that bitcoin is a bubble. If it is on a bubble it did popped even before reaching $2,000 but it didn't and now it's getting far and getting close to another milestone. We are expecting a correction but that's not going to stop people from investing, it's a buy back time when correction is happening.

It's going parabolic as I type. This could mean it will start slowing down and going into plateau phase. Either way if you sold at $6950 you missed out on a $300 rise. I'd have regretted selling at that point because I'd have to buy back in at a higher price. Nothing wrong with taking profits along the rise but don't think just because it went high it can't go higher. Lesson learned in Bitcoin.

Be glad you sold and took profit so you can buy back in the coming dip  Smiley
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November 02, 2017, 11:18:10 AM
 #20

Almost $7400, Just my guess the peak will be around $7800 but who know. It's a hell of price pump that I'm myself not impressed but rather scared to the massive price correction.
The price pump just too fast, and if it's still keep continuing, maybe $10,000 within 3 days can be reached, that's really crazy.

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