BTC Strong Sell Signal at breaking $16,000

[tothetop]

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 !

I dont think so, I see really many people buying for the higher price, and of course they will not sell when they have just bought, maybe it will be stressful, but they will hold, that is why those who are waiting to re-buy, are already rebuying, though not for all the planned amount, and we can expect some panic rather between those who expect 10-12K when xmas dump will turn to xmas rally..

"Bitcoin, wait, where are you going, I want you back"

[benhnghenghiep]

I think it just be in short-term. Btc price has been to high to buy, so that the new people should not willing to buy. But in financial field, there is more tradings leading to more profits. So the big traders had sold to raise the volume. Don't panic.

[kalakabgr]

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

http://cryptosignalz.com/bitcoin/

Well I see bitcoin  going under 14000 in the next couple of days and before the end of the year to go back to its normal price.

[WatchMaker]

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.

Not big powers rather bitcoin was to designed destroy itself. How could someone create a new tech without an update? Bitcoin high transaction fee and low transaction speed are what is going to kill bitcoin not everyone else.

[sjefdeklerk]

Not big powers rather bitcoin was to designed destroy itself. How could someone create a new tech without an update? Bitcoin high transaction fee and low transaction speed are what is going to kill bitcoin not everyone else.

Hehe. Among all those posts that makes no sense, it's good to read finally some post that DOES make sense. "Big powers going to destroy bitcoin" haha. It's the bitcoin itself that's going to lead to its demise. It's currently even more expensive than an international bank wire, and that's supposed to replace traditional banking ? What a joke ! Anyway very well put, sir.

[sjefdeklerk]

Wow it just broke $14.600 on bitfinex ! There's quite some big bids uptil $14.500, let's see if they're big enough ... If they get taken out then it's starting to get REALLY bearish

Wow there we go, they start taking the huge bids out ... DAMNNN what a a selling pressure is mounting now

AND GONE !! Below $14.500 now ,damn

[sjefdeklerk]

$14.000 coming up, 331 bitcoins on the bitfinex bid, big again, let's see ...

WOW all gone in a few seconds, damn, these sellers are not joking around ! I wonder when the real panic selling starts, can't be too long away now... Flash crash below $10.000 is becoming a real possibility now. I think below $13.000 we'll start to see real panic.

[yanto@1977]

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

http://cryptosignalz.com/bitcoin/

I agree with you and I take safe step with exchange my bitcoin become currency and start again next year. Safe is my priority and until know give comfort and has income. Become part of btc trade/ invest at this moment is bad for me, the price, volume and news can't become to difficult to understand. Even now, I still don't have a good " open position " on the real market, afraid I think. Maybe my opinion is not brave and good as you have but I choose the safe way. Thank you.

[macchiato]

I do hope that bitcoin won't dump lower that $13k. As of now it is around $14k. The extreme dump may be due to the holiday season and to the hackings of exchange sites. Still, I am wishing that bitcoin will recover its price. Hoping that hacked exchanged sites be fixed as soon as possible.

[timk225]

I've been in cash in my trading account for a week and I was annoyed that I wasn't riding the little bumps and dips in the price, working some profit out of it, but this evening, after seeing BTC shit itself over $2000 in a couple hours, I am kind of glad that I still have the same amount in CASH in my trading account. 

Buy back in cheap and ride it up again!

[newinbtc]

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

http://cryptosignalz.com/bitcoin/

Well I see bitcoin  going under 14000 in the next couple of days and before the end of the year to go back to its normal price.

it reached last night 13000 Usd dollar and now it back to 14500 usd dollar as per coincapmarket , ans also check ripple price seems people start investing in ripple now
https://coinmarketcap.com/currencies/bitcoin/

its still trading at 16500$ at some exchanges as per record . hope its just the price correction and price will go up again after the holidays

[kalakabgr]

Will reach 12k and will go up to stabilize, that is what I hope. 20k was too high of a peak

[traderethereum]

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

http://cryptosignalz.com/bitcoin/

Well I see bitcoin  going under 14000 in the next couple of days and before the end of the year to go back to its normal price.

it reached last night 13000 Usd dollar and now it back to 14500 usd dollar as per coincapmarket , ans also check ripple price seems people start investing in ripple now
https://coinmarketcap.com/currencies/bitcoin/

its still trading at 16500$ at some exchanges as per record . hope its just the price correction and price will go up again after the holidays

we can hope that this time bitcoin will be back to increase again although we do not reach the highest price. I check ripple and there are many people realize that ripple is going to increase more and makes them invest in ripple too. bitcoin price now trying to break the wall to increase the price and I think we can wait for a while and see what will happen in the market later.

[detector]

Will reach 12k and will go up to stabilize, that is what I hope. 20k was too high of a peak

Personally I keep most of my bitcoin !
AFAIK , some investor try to switch into BCH that cause bitcoin downtrend but I'm still not lost my faith to keep invest bitcoin until it reach another uptrend !

[lite]

Will reach 12k and will go up to stabilize, that is what I hope. 20k was too high of a peak

I guess $13k was the bottom. now we going up again. we'll probably go above $20k in january 2018.

Will reach 12k and will go up to stabilize, that is what I hope. 20k was too high of a peak

Personally I keep most of my bitcoin !
AFAIK , some investor try to switch into BCH that cause bitcoin downtrend but I'm still not lost my faith to keep invest bitcoin until it reach another uptrend !

BCH has nothing to do with bitcoin downtrend, it's also down.

[CryptoSignalz]

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

http://cryptosignalz.com/bitcoin/

I agree with you and I take safe step with exchange my bitcoin become currency and start again next year. Safe is my priority and until know give comfort and has income. Become part of btc trade/ invest at this moment is bad for me, the price, volume and news can't become to difficult to understand. Even now, I still don't have a good " open position " on the real market, afraid I think. Maybe my opinion is not brave and good as you have but I choose the safe way. Thank you.

You're welcome!

Entry point could only be considered when long MA flip over short MA with high trading volume. However, currently we're still deep in the bearish zone. 

[sjefdeklerk]

You're welcome!

Entry point could only be considered when long MA flip over short MA with high trading volume. However, currently we're still deep in the bearish zone.  

You saw it very well and I totally agree AGAIN that it's still extremely bearish, I'm increasing my short again, I think it's going to break 10k today and might even go much, much lower. We've yet to still to see the real panic kick in, I think it's not too far away at this point. The people who've bought the falling knife "because bitcoin will ALWAYS go up !!" still need to be forced out of their entries and margin buyers will be auto sold. Then it will go really fast. I see $5000 as a possibility.

[nl247]

I think it just be in short-term. Btc price has been to high to buy, so that the new people should not willing to buy. But in financial field, there is more tradings leading to more profits. So the big traders had sold to raise the volume. Don't panic.

It was a huge rally up and now we are having the rally at the bottom, and not even sure if we have hit it yet. However, I am still looking for a good time to buy in more. I have bought some now and if possible buy more at dips or once there is a signalled break out. This is something that was expected to happen after the crazy ride. No point panicking, as the market will be back doing well again once the fall is finally over.

[sjefdeklerk]

And there we go, again a new attack at the lows .. let's see if $12.500 is going to hold ...

Haha that went quick again, SOOOLD, $12.000 coming up, below that it will become really interesting. Quite some big bids here though, let's see if they're big enough.

[hritevanz]

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

http://cryptosignalz.com/bitcoin/

To be honest, I don’t have enough knowledge about the bad news that is going on to the digital currency. Since there’s a rumor about pulling out their cryptocurrencies into USD then for sure everyone is starting to read some articles about the bad news because many of us can’t afford to lose so much money. This past few days, I’ve been expecting that the value of bitcoin will reach 20,000 but it seems that it will drop to 12k-13k.