Peak and correction coming

[ft73]

Unconfirmed transactions going up on BTC.
70K 12 hours ago, > 100K now.

[timerland]

Now that the fork has been cancelled i think this changes the entire outlook of how bitcoin is going to perform. Right now obviously we're seeing increased support for bitcoin's forked counterparts which i think will be a temporary phenomenon.

Price in the past few hours have stabilized in the $6500-$6800 region.

Could potentially lead to a bigger pump tomorrow or even on monday.

[Sensill]

no correction will take more than 2 days and may be pay to rise again next friday (price may be back to 6,000$)

[JoMarrah Iarim Dan]

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.

Bitcoin price hits 7000$ in this month. But it do not last. Now it is dropping. I have read another topic saying bitcoin will not reach 8000$ because of the "correction". Maybe he / she is right about that But I still beleive after that bitcoin will pump again and reach 10,000 maybe before the end of the year or early 2018.

[n0ne]

Unconfirmed transactions going up on BTC.
70K 12 hours ago, > 100K now.

This might be all because of the increased selling order of bitcoin based on the ongoing price drop. In my view I feel bitcoin correction happening in the large scale compared to the past time. Now the same has caused the switching from bitcoin towards bitcoin cash leading to a big growth in the market capital as well price of bitcoin cash.

[ft73]

6339$ on Bistamp.
Rebound about to start imho (as long as 6300 holds).

EDIT: i mean rebound, not correction over.  This is likely to be a ABC correction. So be careful when riding it.

[Denker]

6339$ on Bistamp.
Rebound about to start imho (as long as 6300 holds).

EDIT: i mean rebound, not correction over.  This is likely to be a ABC correction. So be careful when riding it.

Dude just buy back around $4800-$5400 and that's it. This is the buy zone you should have an eye on.
Everything else right now is just playing dump and bounce until we hit that level.
Set your orders and take a few days off. Go out, breathe some fresh air.
We had another massive run and this will be the 5th correction of 30-40% in terms of size.
Then we will go up and continue the bullish ride.

[ft73]

6339$ on Bistamp.
Rebound about to start imho (as long as 6300 holds).

EDIT: i mean rebound, not correction over.  This is likely to be a ABC correction. So be careful when riding it.

Dude just buy back around $4800-$5400 and that's it. This is the buy zone you should have an eye on.
Everything else right now is just playing dump and bounce until we hit that level.
Set your orders and take a few days off. Go out, breathe some fresh air.
We had another massive run and this will be the 5th correction of 30-40% in terms of size.
Then we will go up and continue the bullish ride.

Why not taking advantage of dips / rebounds along the way?
I've already set my long term orders a while ago, i'm just riding this upmove a bit ( 5-7% gain target, eventually ).
we're already 200$ up, a trailing stop will deal with it at no risk.

[ft73]

I'd say A leg down completed.

[ft73]

Transaction fees to ATH:
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Unconfirmed transactions still high ( > 120.000 ):
https://blockchain.info/unconfirmed-transactions

We have a problem (again).

[OracionSeis]

Transaction fees to ATH:
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Unconfirmed transactions still high ( > 120.000 ):
https://blockchain.info/unconfirmed-transactions

We have a problem (again).

The best time for altcoins have high liquidity like Ethereum, Dash, Ripple or Bitcoin Cash ! Monero is also a good choice for currently, but I think about the confirmation time and transaction fee, Ethereum and Ripple are better than other cryptocurrencies.

[Yaunfitda]

Transaction fees to ATH:
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Unconfirmed transactions still high ( > 120.000 ):
https://blockchain.info/unconfirmed-transactions

We have a problem (again).

I think this problem is highlighted by the sudden shift of some bitcoin holders to bitcoin cash big blockers in the last few days plus FUD's. But when I look at the price, bitcoin already is rebounding. But as far as unconfirmed transactions, this has been with us for the last couple of years that's why scaling debates has been going on as well. I think this is a good case for some to move to Altcoins like ETH and Monero. However, I still believed that the foremost thing here is to make profit. That's why investors are still into bitcoin ecosystem.

[ft73]

I'd say A leg down completed.

Confirmed.

This rebound has quick pace and short legs so far.
Struggling at 6500$ ?
Hmm.

[jjacob]

Transaction fees to ATH:
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Unconfirmed transactions still high ( > 120.000 ):
https://blockchain.info/unconfirmed-transactions

We have a problem (again).

I think this problem is highlighted by the sudden shift of some bitcoin holders to bitcoin cash big blockers in the last few days plus FUD's. But when I look at the price, bitcoin already is rebounding. But as far as unconfirmed transactions, this has been with us for the last couple of years that's why scaling debates has been going on as well. I think this is a good case for some to move to Altcoins like ETH and Monero. However, I still believed that the foremost thing here is to make profit. That's why investors are still into bitcoin ecosystem.

Bitcoin is pretty much useless for small transactions now, but people are still holding it because they see potential for price appreciation. It has become like gold - A good investment but not much of use otherwise. Just use different alts to transfer value.

[ask]

All those unconfirmed transactions are building the end of bitcoin. Community must find a way to solve this problem.
Tx fee is also huge for now. And this is unacceptable for business. So this correction will not stop until a hardfork.

[berkk]

with these high transaction fees i bet a lot of people hodl even though they didnt want to

[ft73]

I'd say A leg down completed.

Confirmed.

This rebound has quick pace and short legs so far.
Struggling at 6500$ ?
Hmm.

6900$ reached, at last.
Even if it breaks 7000$, i can't see it going any higher that 7300$ ( i'd say that inverted H&S is unlikely for now ).

We may be close to completing B leg up.

EDIT: 6970$. Liquidating the coins bought at 63XX$. Close to oversold, declining volume and divergence showing up already, let's see ...