BTC Strong Sell Signal at breaking $16,000

[CryptoSignalz]

MA, EMA, RSI indicators and weekly price change are all negative combined with increased trading volume.

http://cryptosignalz.com/bitcoin/

[qiman]

This is really bad news that the 16k Bitcoin support level has been broken and we can probably now see the price of BITCOIN CRASH HARD TO THE NEXT SUPPORT LINE of 12-13k USD. I smell disaster now for the altcoin markets as well because altcoins are pegged to Bitcoin so this will create a domino effect. I think with the latest hackings and problems on exchanges is also causing people to pull out their funds from crypto and into USD. Not a good sign in my books and maybe the end of a Bull run?

[kaysersoze]

This is the brandly New Year Dip's, lmao.
Anyway, just lets see how it goes, i dont think that this dip will last for much time, just lets see how it goes.
And if last until the next year, i dont think why you all are worried about this.
We all knew that there was always going to be a dip after a huge pump.

[piloder]

I think price will recover sooner than expected, price can't go below $10k from the current level as there is still strong support around $15k.

The one who will sell now will loss, perfect time to take out profit was at $20k and current price is perfect entry point.

[sjefdeklerk]

Tons of people are still buying these levels because "bitcoin will always go up". Once we go down further and brokers will have to auto liquidate margin positions the ball really starts rolling, panic will break out, people will ask themselves "what the hell did I even buy into", staring in disbelief at their portfolio's being wiped out.

Not sure if that's today though But I honestly do think this will become reality pretty soon. The chart is getting extremely bearish already.

[sjefdeklerk]

It officially entered bear market territory: https://economictimes.indiatimes.com/markets/stocks/news/take-note-bitcoin-has-just-entered-bear-market-amid-all-hype-hoopla/articleshow/62189564.cms

Also interesting, the big guys, the whales, have been dumping onto the 'little guys', (the forum visitors here). See: https://www.bloomberg.com/gadfly/articles/2017-12-21/bitcoin-whales-are-cutting-back

[habibsir]

i want to expert in btc

[buwaytress]

This is really bad news that the 16k Bitcoin support level has been broken and we can probably now see the price of BITCOIN CRASH HARD TO THE NEXT SUPPORT LINE of 12-13k USD. I smell disaster now for the altcoin markets as well because altcoins are pegged to Bitcoin so this will create a domino effect. I think with the latest hackings and problems on exchanges is also causing people to pull out their funds from crypto and into USD. Not a good sign in my books and maybe the end of a Bull run?

It's not good news, but I don't know about really bad news. Yes, we now see the support level broken, but we've seen plenty of months of Bitcoin defiance to know by now that TA is practically inapplicable, not in the long and medium terms, less to say for short term dailies.

The support line of 12k and 13k is what I've been expecting after the climb to near 20k levels, so this is something a lot of people would and should have prepared for.

On alts, the current "pegging" effect has actually only repeated itself once before, earlier in April and May. In between then and now, alts have actually wilted when Bitcoin showed strength, so perhaps that can be the pattern they'll return to. Doesn't seem like it in the immediate moment, with LTC falling below 300 and Eth below 800, but I can see quite a few positive alt/btc pairs right now.

[sjefdeklerk]

It broke down 15k already on Bitfinex and Kraken. Not looking good. Although it just bounced above 15k again on Bitfinex ... So bitfinex still holds ... for the moment

[GryphoCry]

I thinks is time to HODL for 2 or 3 weeks if you didnt take profit on ATH leves, its christmas dip.

Btw, if you have money its time to buy potential Alts for the new year bump.

[pitiflin]

MA, EMA, RSI indicators and weekly price change are all negative combined with increased trading volume.

http://cryptosignalz.com/bitcoin/

Damn the price has already gone to 15,200$ and the 16k$ support has already broken.The support is not backing up and BCH whales are also one of the reasons. Alts are rising in dollars and not in BTC. Sadly we only have one option and that would be to go with the flow.

[btc_angela]

MA, EMA, RSI indicators and weekly price change are all negative combined with increased trading volume.

http://cryptosignalz.com/bitcoin/

Damn the price has already gone to 15,200$ and the 16k$ support has already broken.The support is not backing up and BCH whales are also one of the reasons. Alts are rising in dollars and not in BTC. Sadly we only have one option and that would be to go with the flow.

Yeah, $16K has been broken several times but it keeps on recovering, however, its still trying to fought back. But I will remain positive though, I think this is just a new test and there are still a lot waiting in line. $15,200 is good enough for most of us to buy it back again so I think tomorrow will be different.

Bitcoin Cash is also down, so I'm assuming that everyone just cash it out on both coins. And almost all altcoins are also red,  so its Bloody Thursday, and everyone is bleeding. So we don't have a choice but to hold and ride the waves. Maybe tomorrow we will see all of them recovered once more.

[Bolt Brownie]

I think we still have good resistance at the $15k levels and even if we get down to the $13k, that's when the recovery happened on the last dip, so as long as we don't break that one, things are fine, and we are not still on a bear market. Not saying it wont happen, but I'm still confidant on bitcoin.
I'm not doing anything right now, and I will wait for good signs of recovery. If we go to the $13k level, I will buy right away, and keep an eye on the price and wait for a recovery. If we keep going down, then I will have to sell, and wait for the bears to stop. I think if that happens, only good news like ETFs or the lighting network, could bring the price back up again, but as long as we have those positive signs in development, recovery and new all time highs are possible.

[dothebeats]

It really keeps on getting worse though, and I do think that the $13k resistance wouldn't hold long enough even though there is a large hype surrounding the futures market and big names investing on bitcoin. Well you can never go full bullish on to something for a long time and here we are, finally embracing a taste of a bearish market once more. Back to reality, we already had our own fair share of the profits. Maybe it's a sign that the bubble has been popped.

[sjefdeklerk]

Aaaand here we go again, another attack at the $15.000 level ...

[qiwoman2]

There are the big powers that be that want to destroy the Bitcoin price and we see it happening and the problem is when this happens everyone begins to panic sell and we are right at that point where people are debating whether to sell or hold. If we drop below 13k USD, we will see it down to single figures again and all the profit we will have gained over the last few months will be lost, both in Bitcoin and Altcoins unless you are one of those that keeps cashing out and are in profit.

[tothetop]

There are the big powers that be that want to destroy the Bitcoin price and we see it happening and the problem is when this happens everyone begins to panic sell and we are right at that point where people are debating whether to sell or hold.

I don`t see any panic, this xmas dump have been expected, and many people who have fixed their profit near $20K are now starting to re-enter, yet with small amounts

Also there are very many newbies who are entering for the first time, and they are not too patient to wait even for $14K, they agree to buy for 15-16-17 and even 18K

I see some little exchanges with low volume where the price has not been lower than 18K, and the rate at cex.io is still more than $17k, so I think the bounce is already happened and we will see the flat movement between 15-16 with ascending trend in the nearest days..

[sjefdeklerk]

and the rate at cex.io is still more than $17k,

That's because it's a scam platform. They're not paying out anyone, read up here: https://www.trustpilot.com/review/cex.io (skip over the obvious post by their own people)

I don`t see any panic

The panic will start once the people who are catching this falling knife ("because bitcoin will always go up !") will get margin calls. Remember that Japanese trade with huge margin !

[btcone111]

At least falling back to near $10K, so I highly recommend not catching a falling knife at this level...
I expect an alt coin storm too

[Caladonian]

With this type of issue newcomers should study deeper and not to fall into panic, bitcoin always got a big re-bounce so even you bought yours at the hype then hold and forget about your btc allow the value to jumped back again don't sell with your loss its better to wait trusting this system.