Long awaited Bitcoin correction(+)

[hritevanz]

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

Bitcoin correction has been asked many times by people here on forum and most of us believe that the price of it will keep on aiming high but some believes that it will drop soon and turn to 12k-13k. Indeed, I am expecting for bitcoin correction but it really does hurt to those people who are looking for high profit especially to those people who invested a big amount. If the price of bitcoin keeps on increasing then those people who hold their bitcoin will be so proud.

[Supercrypt]

bitcoin is going down whats happening   will it rise again

Lots of people are switching to bch because of the coinbase listing of it. Then the txs are piling up, I'm guessing lots of people are getting fed up with it. There's also a possibility that the dip is affected by the Christmas season but I doubt it.

Let them keep switching. I hope their switch will not end up being their own problem eventually.
Yes, the transaction is killing and annoying. How can you pay a very huge amount of money for transaction and still wait a huge number of days to get it confirmed even if it does at all.

That is some crappy shit and if not that I so much believe that things would change, it can be shaky sometimes, when the media start using their tactics to start showing the world that there are even coins one can use for faster transactions. The devs should really act fast with this scaling issue.

[Ebenezar64]

Was 10,5k the bottom or are you thinking we can go lower vefore turning around? Can't we expect a turn back up soon in regards to people returning home and teaching their relatives about BitCoin?

I know the tax year is coming to an end so some may want to sell some BitCoin to settle their taxes so maybe there is one more dip left. How low can that go, where are your buy orders?

[bhadnaufal]

Finally, and is time to grab some coins back!
Everyone should be taking an advantage in this particular moment.

[xelaxin]

Was 10,5k the bottom or are you thinking we can go lower vefore turning around? Can't we expect a turn back up soon in regards to people returning home and teaching their relatives about BitCoin?

I know the tax year is coming to an end so some may want to sell some BitCoin to settle their taxes so maybe there is one more dip left. How low can that go, where are your buy orders?

Finest point to buy, for me is 8.7
If you switch your chart to the 1D period, you will see that here is very big possibility of drawing the head and shoulders figure of TA, in reality figure showin how people select levels for their orders, we all together have the same picture, at least) So if we will go up from current level and at the 17 we will have a lot of sellers, who whant to lower losses, those who want to fix profit before NY, and pay taxes too, you terribly right!
It can, with some % of probability, leads us to draw h&s and if we breach neck (is around 12.7) most of big buyers will be waiting for the price of btc at 8 or even 5.
But, it is very good for health of the crypto world. All scamers of the world here)
Also, here is potential that we will start second wave of long-therm up-trend from current levels, but must take care at the levels 16-18

[300pips]

Go to Bitcoin chart and select the weekly time frame, you should see that bitcoin is about to crash.  If we cant make it to reach 25k before the next candle we see the bitcoin bubble explosion.

[VooGlue]

Was 10,5k the bottom or are you thinking we can go lower vefore turning around? Can't we expect a turn back up soon in regards to people returning home and teaching their relatives about BitCoin?

I know the tax year is coming to an end so some may want to sell some BitCoin to settle their taxes so maybe there is one more dip left. How low can that go, where are your buy orders?

I think that due to the demand, the price of Bitcoin can be around 10k. But even that is too much, realistically I think it should reach 10-20k next year, now is way too early. A real bubble.

[ConfusedPenguin]

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

Finally ... now let's wait til the next moon!

[BariaczRoni]

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

Finally ... now let's wait til the next moon!

I dont think bitcoin will moon now, it need 1 more time correction and i guess it between January 2018.

[sotoshihero]

Finally, and is time to grab some coins back!
Everyone should be taking an advantage in this particular moment.

Thats right, When there is a crisis or something happens like this, its an opportunity to buy. Sooner  or later the market recovers and surely you will have a great profits. Just monitor the market movement as it is till shaky, you might get trap either.

[beerlover]

bitcoin is going down whats happening   will it rise again

If you will sell right now than only you will loss, just hold whatever amount of bitcoin you have right now.
Wait for next few weeks, bitcoin will be well over $50k within next few years.

Just increase your bitcoin holding by selling alts right now as alts are stronger against btc.

In reality, I wonder why a lot of people are really panicking right now. This is normal in the market. Few days ago, the bulls were driving the market and everyone started going crazy, and the FOMOs were busy shooting the market higher pretty fast. What do they expect would happen before? It has happened before and it would happen again if the same thing that we have experienced this year happens until we see a good reason for the market to really be driven up and not by some crazy FOMOs.

If you are holding for a long term which I want to assume you are, then you have no reason to worry or panic. It is normal, the market was overbought and this was expected. As long as the bears are done cashing out all their profits, sanity will reign back in the market and we will get to see the old BTC starting something big next year, but for this year, I guess we are done with any huge bull run.

[rickadone]

bitcoin is going down whats happening   will it rise again

Don't worry and don't panic sell your bitcoins, it's just a correction. price will shoot up again and go higher and higher.

Lol. That may not be this year though. I guess everyone shouting crash is seeing good times to buy more now. It is good it happened though, otherwise, it would have been a crazy ride for a lot of people in the long run, if the market did not come back to the sanity mode.

For now, there is a lot of indecision and those who are even shorting right now are taking huge risks. Very soon, we should see the market back to normal and like you said, higher and higher and higher.

[DuaLipa]

Finally, and is time to grab some coins back!
Everyone should be taking an advantage in this particular moment.

Thats right, When there is a crisis or something happens like this, its an opportunity to buy. Sooner  or later the market recovers and surely you will have a great profits. Just monitor the market movement as it is till shaky, you might get trap either.

Yesterday was one of the largest buy opportunities of the year, it seems. Coins gained 20-30% only today and all of the coins in top 100 list is greenish right now. They could manage to handle the correction.

[chocobo21]

Yesterday may be the last day for people to buy bitcoin and still be an early adopters. Maybe after this we will be ready to go to the moon. I used this opportunity to buy as much bitcoin and altcoin as possible, I also told a lot of people that the best time to invest was yesterday. And as always people will not listen to me and they will regret it and buy later at a high price. I am going to give my crypto gains from this past few weeks for my family as a gift for christmas

[Ebenezar64]

Was 10,5k the bottom or are you thinking we can go lower vefore turning around? Can't we expect a turn back up soon in regards to people returning home and teaching their relatives about BitCoin?

I know the tax year is coming to an end so some may want to sell some BitCoin to settle their taxes so maybe there is one more dip left. How low can that go, where are your buy orders?

Finest point to buy, for me is 8.7
If you switch your chart to the 1D period, you will see that here is very big possibility of drawing the head and shoulders figure of TA, in reality figure showin how people select levels for their orders, we all together have the same picture, at least) So if we will go up from current level and at the 17 we will have a lot of sellers, who whant to lower losses, those who want to fix profit before NY, and pay taxes too, you terribly right!
It can, with some % of probability, leads us to draw h&s and if we breach neck (is around 12.7) most of big buyers will be waiting for the price of btc at 8 or even 5.
But, it is very good for health of the crypto world. All scamers of the world here)
Also, here is potential that we will start second wave of long-therm up-trend from current levels, but must take care at the levels 16-18

Thanks for your thoughts. I actually have one buy order just around that mark, might one slightly above and one below just in case. The lowest one I have is 6k but that is just a "what if" scenario...

[mriansa]

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

yes you are right now bitcoin is experiencing a very long price correction because bitcoin price increase is also very fast yesterday and calm it do not be afraid if stuck in expensive price because bitcoin will experience a very high increase again later in the year 2018

[pushkarmore]

Even I agree with you about the correction pattern formed over there and now as you said big daddy's have already planned their longs near the bottoming pattern and now they will be aiming for another new record high soon by the new year comes or by the January 1st week as a reference and trading point of view.

[Vaskiy]

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

yes you are right now bitcoin is experiencing a very long price correction because bitcoin price increase is also very fast yesterday and calm it do not be afraid if stuck in expensive price because bitcoin will experience a very high increase again later in the year 2018

That's not the true reality, I have been into bitcoin long ago. Around an year ago I got into bitcoin, but with every price increase and decrease there happens a correction. Sometimes the price correction takes place in a large scale and at sometimes it happens with minor fluctuations. This time too things has taken place in a similar manner.

[Inkdatar]

Even I agree with you about the correction pattern formed over there and now as you said big daddy's have already planned their longs near the bottoming pattern and now they will be aiming for another new record high soon by the new year comes or by the January 1st week as a reference and trading point of view.

This is the big correction happen with the bitcoin price value that is not expected. With the pattern it is likely most to happen. The possibility by early january the bitcoin price will become continuing to moves.

[Stedsm]

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

You're right that it was actually long-awaited and needed because we had been seeing constant rise in its value which was hazardous to its health itself. It corrected to 11k and then rebound happened where Bitcoin regained its credibility in the eyes of those who recently invested and thought they got cheated (by the markets). I believe patience is our best friend whenever a correction kicks in because a correction is like an examination, a test we need to clear by being calm till the red goes back green.