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Author Topic: Peak and correction coming  (Read 2977 times)
Izarok
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November 03, 2017, 06:21:10 AM
 #61

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.








Breaking past $7000 we really are nearing peak. Once the price stoop down again it might be an awesome time to buy some bitcoin at price below $7000. I think the correction price would be around $6500-6800 but it might go down to $5500 if the whales cashes out their profit.

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November 03, 2017, 11:51:12 AM
 #62

Only small corrections so far....
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November 03, 2017, 12:51:34 PM
 #63

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.








Breaking past $7000 we really are nearing peak. Once the price stoop down again it might be an awesome time to buy some bitcoin at price below $7000. I think the correction price would be around $6500-6800 but it might go down to $5500 if the whales cashes out their profit.

That's a bit far correction speculation and maybe the one correct price will be the result from it is at the 6500$ since bitcoins are almost reaching to 8k$ right now and maybe we can even see more after the said correction you said. But as for this to be occured we should speculate huge unto this coin so that we can see bitcoin touch to its another price level and this one could make us happy for sure.

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November 03, 2017, 07:20:10 PM
 #64

Flashcrash incoming, imho.
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November 03, 2017, 07:46:27 PM
 #65

No one has a crystal ball. Speculators may push bitcoin price up until just before the fork. Everyone believes there will be a sharp correction so it may be a self fulfilling prophecy. Price has corrected to the weekly 20 MA and recovered and may well repeat. Right now the 20 MA is at just under $4100. Because there is a significant chance we could see sub $5000 this month many are selling now to raise cash and placing bids under $5000.

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November 03, 2017, 07:56:57 PM
 #66

No one has a crystal ball. Speculators may push bitcoin price up until just before the fork. Everyone believes there will be a sharp correction so it may be a self fulfilling prophecy. Price has corrected to the weekly 20 MA and recovered and may well repeat. Right now the 20 MA is at just under $4100. Because there is a significant chance we could see sub $5000 this month many are selling now to raise cash and placing bids under $5000.

I'd say it's very likely scenario that the peak of the price could be just before the upcoming fork which will then be followed by correction. Still I don't expect such sharp correction like some are predicting and I don't think it will last for long. But now this good flow should be used for the maximum profit and afterwards survive without a panic.

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ft73
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November 03, 2017, 10:07:44 PM
 #67

Flashcrash incoming, imho.

Watch out for tomorrow action.
be liquid.
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November 03, 2017, 10:18:14 PM
 #68

I think $8K to $10K by end of this November followed by a sharp correction of $3K to $4K then above $10K by end of this year. Many holders will sell on the correction and miss out on bitcoin greater than $10K. Will be a wild ride but those that hang on will be rewarded.

In this case, however, those that sell now at $7K and re-buy lower (let's say at 5-6K, as it's difficult to catch the bottom exactly) will be the most benefitted of all. Wink

They would even do Bitcoin a favour: they would calm the "frenzy" a bit - and when it corrects, they will back Bitcoin with their buy orders and "stabilize" it.

However, I see 10K for next year, or 2019. Large corrections (7K to 3K would be over 50%) often take their time.

I agree with the overall sentiment that we're near the top - if it's on 7400 or 8xxx does not matter, it likely will be this or next week. The most clear indication for me is that markets are beginning to get nervous - there was a bit of "crash feeling" when it briefly corrected down to 6700-6800.

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November 03, 2017, 10:50:29 PM
 #69

The same reasons that led the price of bitcoin to cross the line of $7,000, are those that could take it to $8,000 or $ 0k. Who knows? The markets are often capricious and usually unpredictable. I do not doubt that a major correction may be near, but that can happen well above the current price, not necessarily now.

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November 03, 2017, 11:32:06 PM
 #70



Get used to more flash crashes the next few days.
Be vigilant, keep liquid.
Oh who killed that poor thing? cry cry bleeding all over the charts Cheesy:D:D Anyone investing and entering into this territory already knows the risks, Correction is for a market with unlimited supply not for bitcoin, Now more people will start mining and the ones already mining will add more miners, Price will keep rising.
Flashcrash incoming, imho.

Watch out for tomorrow action.
be liquid.
Why talking to yourself? Cheesy

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November 04, 2017, 12:40:39 AM
 #71

The uptrend of bitcoin in the long term has not yet been lost, but in the short term I expect the bullish movement is faltering and soon will reach its peak, and we still have the hard fork at the end of the month that no chart can predict, but in my opinion this is not a bubble (yet) and there is a real market behind that.
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November 04, 2017, 01:38:40 AM
 #72

Correction is going on. Altcoins are recovering.

I guess the floor is around $6000.

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November 04, 2017, 01:48:56 AM
 #73

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

That's just a dip. A correction will see us below 6k easily. 7k to 6,300 is just a minor dip, we saw that today in the space of an hour. Things will get bearish and suggest a correction when we go below 6k and maybe even below 5k.

Remember a couple of months back, we went from something like 4.5k to 2k...a correction will knock off potentially thousands, not hundreds.

Correct.  I was trying to be optimistic, and not an alarmist when I made my prediction of the correction potentially taking up to the upper 5K's.  But it could potentially be worse.  But again, I'd rather it happens sooner than later for reasons stated.  Otherwise people may think the entire thing was a scam from day 1, and may never recover...  but it will in time.

How severe the correction is is highly subjective, but I think just about everyone realizes that a bearish market is in the cards in the (very) near future... as in any day now.  I agree with what several others have said... if you're looking to maximize your profits here and move your money get a good portion of it out & liquid, and ready to jump back in at a moments notice once you think it's  bottomed out and is rebounding, because it usually happens quickly, within a day... within hours... even within minutes.
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November 04, 2017, 01:59:45 AM
 #74

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 expect the price to rise to $ 8,000, and that's more. Determining the peak is very difficult, the future is difficult to predict

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November 04, 2017, 02:59:36 AM
 #75

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$. I expect correction soon after the fork or maybe a day ot two before but not very big. Anyway, this is the great time to make the profit so put all your available coins into that.
It turns out you are right now it is 7K$ the price you anticipate is not far to reach this,I'm also waiting for hard fork but 3 days earlier.Such as 7K is already peak but circumstance must be uphill correction will occur,I have been thinking about this but was surprised not to believe this highest increase could inevitably lead to a sharp decline.

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November 04, 2017, 08:31:07 AM
 #76

The same reasons that led the price of bitcoin to cross the line of $7,000, are those that could take it to $8,000 or $ 0k. Who knows? The markets are often capricious and usually unpredictable. I do not doubt that a major correction may be near, but that can happen well above the current price, not necessarily now.

With prices so high because of the forks  news, everyone wants to make money from the money that will go out without giving effort.



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November 04, 2017, 08:36:26 AM
 #77

Do you think ppl will hodl btc during the fork, to get the extra monies in case of a currency split?

If so, then price could easily jump way above the 7200$ where it rests right now.
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November 04, 2017, 02:07:08 PM
 #78

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.
i just believe the next correction will only cost a little drop like 10% or maybe below 20% so i can say safely that it won't crossed below $5,000 or so , that is my prediction , especially when the segwit2x not fail later in the next few weeks.

the price maybe will keep growing and the correction delayed until next year.

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November 04, 2017, 03:39:33 PM
 #79

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.
i just believe the next correction will only cost a little drop like 10% or maybe below 20% so i can say safely that it won't crossed below $5,000 or so , that is my prediction , especially when the segwit2x not fail later in the next few weeks.

the price maybe will keep growing and the correction delayed until next year.
I doubt that a fix will be delayed. And it is not important. The main thing that these corrections have benefited. Bitcoin really requires modernization. However, this should not be a method forks. I support the idea that the miners have always found a consensus with the developers. I'm sure no one wants to hurt bitcoin. Just need to learn to negotiate.
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November 06, 2017, 03:15:44 PM
 #80

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

Don't be even sorry and regretting on that thing. How about me? I did sold at different levels, $1000, $2000,$3000,$4000,$5000 so looking at the price now that's a big difference on the possible profit that I may get if I wasn't able to sold some of my stash. Phunixx is right, be glad that you sold at higher price and don't be like me though I have still some hope and bitcoin on hold let's be glad that the price keeps on moving and the correction happened a while ago.














 

 

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