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Author Topic: BTC dip over?  (Read 528 times)
traderperspective
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November 14, 2017, 07:04:00 PM
 #1

If any technical traders out there are looking at BTC, what do you see? I am not a technical trader, though I do know some of the patterns and retracement levels.
To me it looks like it tested 5500 two times but got rejected. Furthermore, it now looks like a W, so that we can (technically) expect BTC to go up again, unless we have to test level 5500 again.
What do you see?
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November 14, 2017, 07:23:46 PM
 #2

If any technical traders out there are looking at BTC, what do you see? I am not a technical trader, though I do know some of the patterns and retracement levels.
To me it looks like it tested 5500 two times but got rejected. Furthermore, it now looks like a W, so that we can (technically) expect BTC to go up again, unless we have to test level 5500 again.
What do you see?

You may have a good point there, but for me Bitcoin will always react to the news and FUD around it. I hope these dramas will end so that we could see our Bitcoin soaring again.
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November 14, 2017, 07:25:59 PM
 #3

I hope it will go down, as I want to increase my investment.

Sorry to be selfish. Smiley

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November 14, 2017, 07:29:04 PM
 #4

I hope it will go down, as I want to increase my investment.

Sorry to be selfish. Smiley

You need not be sorry, everybody is looking at their own bottom line. But this dip is not 100% over yet I thought too that the 5k area would get a test and I think if BTC rebounds from there again it wont ever cross under 5k

again. That is granted there is no external FUD news around BTC because we all know a flash crash can happen with terrible news.

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November 14, 2017, 07:29:21 PM
 #5

I hope it will go down, as I want to increase my investment.

Sorry to be selfish. Smiley

hahahaha me too i will buy alot of bitcoin if the value will go down

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November 14, 2017, 07:33:04 PM
 #6

I assume it's gonna raise in december.
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November 14, 2017, 07:36:05 PM
 #7

You observed correctly  BTC actually find support at $5.5k and bounce off . I also believe we are in for the last home run to a new high of around $8k or around that price. The breathing will give the strength needed to make the new high.

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November 14, 2017, 07:38:25 PM
 #8

First of all I'd like to state that I think this topic fits a lot better in the speculation subforum (under the economics subforum). Anyway I personally don't think the dip is completely over. I am still expecting prices to drop down to the low 5000s maybe even high 4000. If that happens I will be accumulating anywhere from the lowest point of the dip until $5300. When it comes to analyzing charts I am not a big fan of doing it the technical way (there was no way you could've predicted the Bcash dip based on patterns or support levels). I believe a lot more in situational and fundamental analysis.
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November 14, 2017, 07:43:14 PM
 #9

If any technical traders out there are looking at BTC, what do you see? I am not a technical trader, though I do know some of the patterns and retracement levels.
To me it looks like it tested 5500 two times but got rejected. Furthermore, it now looks like a W, so that we can (technically) expect BTC to go up again, unless we have to test level 5500 again.
What do you see?

You may have a good point there, but for me Bitcoin will always react to the news and FUD around it. I hope these dramas will end so that we could see our Bitcoin soaring again.

It will start climbing again once the uncertainty ends. Though the speculation is what caused it to climb in the first place. This sort of events is one reason I decided not to try shorting. It's really hard to read what would people do next.
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November 14, 2017, 07:50:53 PM
 #10

btc dip is not over yet, I truly believe on that, because it still dumping in the price of 5.5k and its only bounce back, but I think it will never cross under 5k, it stays up and down on the middle of 6k-7k afterward this big dip. after this big dip bitcoin price pump again and I cant wait to see that. Grin

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November 14, 2017, 07:53:48 PM
 #11

I am seriously impressed that despite the FUD and the attacks last weekend, it didn't go far below 6k. Truely impressive!
Let's hope it holds
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November 14, 2017, 07:55:39 PM
 #12

i think it is over .., it slowly regaining it value and it'll jump some more soon
i also set my buying point to sub-6k but it didn't reached it so i bought anyway

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November 14, 2017, 08:05:20 PM
 #13

yes!! i think that it is over, i have been looking at the charts since yesterday and there have been some bearish times on the market, but it is normal if we think about bitcoin and its crazy movements on the price.
but maybe this is whole thing with segwitx2 and bitcoin cash is over right now, i heard that those from bcash were going to start a new attack over bitcoin, but i am not sure about this because it is just a pure speculation, and all those rumours are the only ones who can affect bitcoin.
I dont know, the whole thing is still a little bit weird at all.


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November 15, 2017, 12:56:00 AM
 #14

I hope it will go down, as I want to increase my investment.

Sorry to be selfish. Smiley
But bitcoin right now while it is still cheap - we have very interesting news ahead - https://www.cryptocoinsnews.com/100-billion-hedge-fund-man-group-plans-to-add-bitcoin-to-investment-universe/
Many big investors believe that institutional investors will adopt bitcoin in the next six months. So buy as many BTC as you can. Don't wait for consolidation to start.

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November 15, 2017, 01:22:43 AM
 #15

Wasn't the whole idea behind crypto to get away from institutional investors? How is merging with that world we wanted to leave behind good news?
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November 15, 2017, 02:51:57 AM
 #16

I think it is still on it's correction phase , As of now Bitcoin's price has the tendecy to fall off anytime. If Bitcon's price can move at $7k and continues to increase it's price then Bitcoin is now entering the uptrend movement.

I prefer the slow uptrend movement rather than the sudden price spike which can produce FUD and panic selling which results to Bitcoin's price dip.
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November 15, 2017, 03:19:35 AM
 #17

The worst of the dip is absolutely over. It tested mid $5500's a couple times and both times the market firmly and immediately rejected that price. Since hitting the bottom it has now found support for a couple of days in the mid-6000s and is now even pushing into the high-6000s. I think it might take another week or so before it can solidly get over 7000, but yes the crash is over and it is in consolidation phase now, building up strength for the next bull run which I'm guessing will likely start around the end of the month when it passes 8000.

I consider the crash to last until a new ATH is hit and a new bull run initiated, but in terms of the actual falling of the price yes that is over it is on an upward path now.
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November 15, 2017, 03:21:04 AM
 #18

I hope it will go down, as I want to increase my investment.

Sorry to be selfish. Smiley
You should had invested in the dip below $6k, now I doubt if BTC is going to fall again. Now that the people who wanted to sell have already sold, the price cannot fall more as I don't think people are looking to sell now. Should see $7k back in a couple of days.
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November 15, 2017, 03:47:54 AM
 #19

Bitcoin can still drop anytime soon. It continue to fluctuates even today maybe we will experience another dip before 2017 may end. I also thinks that the segwit fork may happen in the last week of December which may cause to bitcoin price to crash again. I just hope that in 2018 a higher value of bitcoin will be welcome and more opportunity will open for bitcoin earners like me.

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November 15, 2017, 04:08:48 AM
 #20

Bitcoin can still drop anytime soon. It continue to fluctuates even today maybe we will experience another dip before 2017 may end. I also thinks that the segwit fork may happen in the last week of December which may cause to bitcoin price to crash again. I just hope that in 2018 a higher value of bitcoin will be welcome and more opportunity will open for bitcoin earners like me.
I think bitcoin has done its dip price and its heading to rise again. Yes bitcoin fluctuates daily yet we will never know if it will fall again maybe yes or no. We have many predictions but I hope were seeing btc price will pump any moment.


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