Long awaited Bitcoin correction(+)

[xelaxin]

Looking 1D chart, it is possible to guess, that today can be started very short up-trend to the ~16-18 area or even 20 again, but there again will be huge sells, so then we can go back to the south of the current price corridor 10-20
But if bulls will not be able to buy everything that sells now, my first opinion is still at work and i wait correction ends at the 8.7, actualy it can be within a range, of course 8.7 it is just my personal target

[orka39]

The Bitcoin touched new max, the news about CBOE Futures - is Fact now. There is no new information about Tether huge cap. And loooks like double top on Bitcoin chart is drawing now.
My opinion is that correction will be achieved in the range 8-12 and then big daddys will open new long position with target 25-28 before new year.
What you say?
BTC

I think this end of the year the target to reach $25 till $28 is impossible. Too high. I think it can be reached next year.
Correction now is very close, correction this time will be a bit dip and it makes us time to buy.

[Lupus Solitarius]

Now bitcoin is staying in horizontal, probably it won't move sensibly until january.
But there are good chances that it will start to rise again, I think we are now in Elliot wave 2.
We'll see.

[kuronokishi10]

According to me these corrections have finally given the traders and bitcoin holders a peace of mind.
Now bitcoin prices won't suddebly fall or rise for sometime,
I expect the price to settle around 10-12 .
The second week of January would be most awaited as it is predicted to rise even higher.

[ngacengan]

The Bitcoin touched new max, the news about CBOE Futures - is Fact now. There is no new information about Tether huge cap. And loooks like double top on Bitcoin chart is drawing now.
My opinion is that correction will be achieved in the range 8-12 and then big daddys will open new long position with target 25-28 before new year.
What you say?
BTC

now bitcoin the price is still stable, chances are bitcoin players are still busy with the celebration of christmas, but do not be afraid later January 2018 there will be another hardfork that will trigger a rise in bitcoin prices.

[ethereumhunter]

we are now waiting for the price increase for a while after we got the dump last weeks. its been hard days for us because bitcoin is down but fortunately, we are saved by altcoin increase so we could still make a profit. but I think this time, bitcoin giving a good signal because the price trying to rise again and I hope we can see it will reach another higher price soon.

[IvanPont]

The Bitcoin touched new max, the news about CBOE Futures - is Fact now. There is no new information about Tether huge cap. And loooks like double top on Bitcoin chart is drawing now.
My opinion is that correction will be achieved in the range 8-12 and then big daddys will open new long position with target 25-28 before new year.
What you say?
BTC

Already went beyond your limit and now 14k, we expect that will be after the new year. One thing is clear that there will be a fall, the second question as much as during what time. It remains to wait a short time.

[xelaxin]

The Bitcoin touched new max, the news about CBOE Futures - is Fact now. There is no new information about Tether huge cap. And loooks like double top on Bitcoin chart is drawing now.
My opinion is that correction will be achieved in the range 8-12 and then big daddys will open new long position with target 25-28 before new year.
What you say?
BTC

Already went beyond your limit and now 14k, we expect that will be after the new year. One thing is clear that there will be a fall, the second question as much as during what time. It remains to wait a short time.

Topic started December 12, when the price of Btc was fighting with 17 level, but it was clearly that very big amount of Btc holders had decided to go in fiat before new year. Because 100 Btc was 1'700'000.00 USD, it is money big enough to live till the end for many. So, this middle-range holders started to sell, and i am decided to start this topic, as a warning to those who just join crypto-trading and have no experience in the trading at all.
Then USDT released more than 200'000'000.00 usd in the very short period, days between opening of the Futures(CBOE - CME). And all of this usdt goes into Btc, pushing him up to the 20 level, where was ready to sell much more holder than on the 17. Bigger holders started their sells, and price drops to the 10.7 (i'm talking about BITFINEX), second step was 11.6 , so the goals of corretions, which I mentioned in first message, are achieved. USDT managed to shift whole patterm up for 2-3 levels. But it will have a consequences like high volatility, so now i think, that price will go to the range 16-18 or even 20, if something like USDT happens again, than we will go to the 8. And from there, we will possibly start the second long therm up-trend

[santieevanz]

The Bitcoin touched new max, the news about CBOE Futures - is Fact now. There is no new information about Tether huge cap. And loooks like double top on Bitcoin chart is drawing now.
My opinion is that correction will be achieved in the range 8-12 and then big daddys will open new long position with target 25-28 before new year.
What you say?
BTC

The bitcoin correction has been waited for so long because many people believe that it is an opportunity to buy bitcoin and then hold or invest it. Recently, the reason why there’s a continuous increase of bitcoin’s value because of new investors who made a decision to invest on btc. For now, everything happens so fast and some alternative coins exited.  Let’s wait for the best result for the correction

[ele-van]

So now that we broke the really short-term down trend (magenta line) as well as the first resistance line (in red at 14850) we are pulling back which is normal. I'm looking for a break of $16k to add and then a break of $18500 to add some more. Why not just go all in here. Well first I'm long term, and though I add trades, I do not trade these markets. We could still very well correct and entering large positions now can lead to large loss later. The key is building a position and adding to an uptrend not "guessing" the direction of the trend in the very short term. Corrections are difficult and should not be traded.

[Ebenezar64]

So now that we broke the really short-term down trend (magenta line) as well as the first resistance line (in red at 14850) we are pulling back which is normal. I'm looking for a break of $16k to add and then a break of $18500 to add some more. Why not just go all in here. Well first I'm long term, and though I add trades, I do not trade these markets. We could still very well correct and entering large positions now can lead to large loss later. The key is building a position and adding to an uptrend not "guessing" the direction of the trend in the very short term. Corrections are difficult and should not be traded.

I agree fully. It is never a good idea to "go all-in" at once even though you think the trend has reached the bottom. That is what market does, it pushes lower than you think and goes higher than you think before falling back. It is better to identify different buy levels where you want to pick up somethign and extra and slowly build you stake in the dips. If you are long term on BitCoin, thinking it can go to 100k or even further then this is the strategy to go by imo. But I am not a big trader or expert but that seems to be what the "smart people" are saying

[xelaxin]

Hello everybody! Hope you are doing well!
Just returned from holidays, and here we are - btc price breaks down 12 level and the chances are rising for the scenario when the price will find a good support at 6-8, but it can be even 5
Now we will see how this situation will rotate, and what is will be with Altcoins? Will they drop with Btc, as people will lose their faith, or they will go up in their prices, to compensate the price of the main asset, so we will see many new trading pairs like */USD or other fiats. Anyway, now it is some "historic" point for the Btc, and we all are in it, Happy New Year, my best wishes, take care of yourself
i'm still at the 8.7 entry point, so now we are closing to the epilogue

[VALDEMAR PREST]

Yes Yes! Long-awaited correction. This was to be expected! Experienced traders understand this chance to earn good money! Those who want to get a good income has to invest in BTC now!

[xelaxin]

Yes Yes! Long-awaited correction. This was to be expected! Experienced traders understand this chance to earn good money! Those who want to get a good income has to invest in BTC now!

Not now. Actualy we are in the down-trend now, so we need to wait when price will find good support zone, for me it is 6-8 but it is possible to see 5

[moonlight]

Yes Yes! Long-awaited correction. This was to be expected! Experienced traders understand this chance to earn good money! Those who want to get a good income has to invest in BTC now!

Not now. Actualy we are in the down-trend now, so we need to wait when price will find good support zone, for me it is 6-8 but it is possible to see 5

Correct . We should wait for that bounce first before stepping in the BTC train again... In the end it will all be allright with BTC too many whales with big positions to let BTC die. It will come back stronger than before in my opinion

[VALDEMAR PREST]

Yes Yes! Long-awaited correction. This was to be expected! Experienced traders understand this chance to earn good money! Those who want to get a good income has to invest in BTC now!

Not now. Actualy we are in the down-trend now, so we need to wait when price will find good support zone, for me it is 6-8 but it is possible to see 5

Correct . We should wait for that bounce first before stepping in the BTC train again... In the end it will all be allright with BTC too many whales with big positions to let BTC die. It will come back stronger than before in my opinion

Well, 5-6 is of course would be very beneficial! By the way, regarding large whales, that's for sure, they will not allow the fall of bitcoin! well judging by the fact that the price was 17 it is quite possible to be profitable Daye at 9-10)))

[xelaxin]

Hello my friends!
Here we are, at the target zone, and we have very big amounts of buy-orders at the point 7.8, so if this support zone will hold bears, we'll have very good possibility to buy.

[mai2mai]

Hello my friends!
Here we are, at the target zone, and we have very big amounts of buy-orders at the point 7.8, so if this support zone will hold bears, we'll have very good possibility to buy.

I would say that you can start buy right now, on 8, but in small parts. Cause if we go lower 7.8, we'll see real panic sell and come to autumn price, ~ 4.2

[Borisb52]

After any correction, there is always a price increase. Correction ends. Therefore, in the near future we will see the growth of the market. I think that in spring we will see the price of bitcoin in the region of $ 25,000. And by the end of the year $ 50,000 is possible.

[GREATLOVE]

After any correction, there is always a price increase. Correction ends. Therefore, in the near future we will see the growth of the market. I think that in spring we will see the price of bitcoin in the region of $ 25,000. And by the end of the year $ 50,000 is possible.

This is all asset now since btc is now dumping and we cant see hope now weather when it will go up again. Bitcoin really needs some time to recover because of the impact of the price now.