BTC Strong Sell Signal at breaking $16,000

[streazight]

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?

I would not classify that as bad news. This is normal, needed and expected. Unless we want to head to the dooms day when BTC has attained a huge peak and then crashing down badly with a lot of people losing so much, then this was the best solution as far as I am concerned.

The fact is that we had a lot of FOMOs and a lot of them obviously have been shaken off right now and I am not surprised really, knowing that if that was not done, they really would not have learned some lessons.

[beerlover]

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.

It will actually recover to $20k very soon, but that does not mean we may not really be done yet. It is what it is and at least it feels good seeing the correction now. We may see some sideways for now, if there would not be any more dip until we are able to consolidate and the start the journey back again. Let everyone go and rest for now. The whole bull was too much for just one year.

It has been a very crazy one and there is just huge uncertainty right now and no one knows what can even happen next. It just keeps we keep breaking all the level of support and when you thought bitcoin already found a good support, then you see it crumbling down the more.

The market was overbought anyway, so, one would definitely expect this and moreover, there is a lot that Roger Ver has used his position to cause in this too.

[txtravwill]

Yeah, looks like the depth charts even out around a bottom of $11K ish at this point.  I'd say we could be headed down quite far again unless something spurs buying...

[richardsNY]

Yeah, looks like the depth charts even out around a bottom of $11K ish at this point.  I'd say we could be headed down quite far again unless something spurs buying...

Depth charts don't say anything. Large players can make it look like the way they want in order to make the *less intelligent* market participants think we're about to go up or down. At this point it's more or less common sense that is giving you the better form of knowledge than any sort of analysis of the market. If analysis was the leading factor in a market like this, we wouldn't even come this far, because anything related to well documented predictions have turned out to not hold any value at all. It's like nothing of the past that applies anymore, which is exactly why even the more senior traders look like noobs nowadays.

[Doell]

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

http://cryptosignalz.com/bitcoin/

This is not a slight decrease need not worry about this ,bitcoin many fans even millionaires just play this with big pump magnitude in this year, again do not panic will the news that is not necessarily true ,Let's just look at the beginning of the year a little more whether it will experience a grim phase

[tricker01]

If the bitcoin hits $16,000 I think it was the perfect time to sell our bitcoin, because if not maybe it falls down again immediately. I believe to the capacity of the bitcoin but most of the users not support bitcoin because they switched to altcoins.

[selline]

We suggest that you should be able to withstand the bitcoin till the end of this year, it will likely happen again at enhancing bitcoin with highest peak not only strong signal numbers bitcoin $16000 but could surpass than that, I'm sure all the users of the bitcoin will have the opportunity at the beginning of next year, therefore use this opportunity.

[chefbauer]

It brooke that wall and it started to go down, maybe your prediction was right, the price is extremely down right now and we all know that this is a "critical" situation, but the price is going to recover, the real question is "when?"

[usarnameistaken]

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

http://cryptosignalz.com/bitcoin/

How trustable is the cryptosignalz website ? I haven't heard about it before.

[naidray]

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.

That is just it for now, we just keep seeing how this goes and even if the bulls finally win clearly, I will still like to keep my doubts in one corner.

There is a lot of uncertainty right now but I believe that this is for a good course to the next line of action to new ATHs. Like you said, we all knew there would be one as the value just keeps going on and on without some very good time to correct. Now we just had the real big correction.

[Kemarit]

It brooke that wall and it started to go down, maybe your prediction was right, the price is extremely down right now and we all know that this is a "critical" situation, but the price is going to recover, the real question is "when?"

It was broken down but I'm seeing some resistance that's why the price is hovering above $14,000. From my view, there's no more dipping that is going to happened up to the end of the year. People have already cash out and investors will try to get back in at this current price, although its not gonna be what when we have seen before as this will be painful to see. The bears and the bulls out hustling but at the end of the day, the price will somewhat stalled to $13,000-16,000. The ever dream of $20,000 is out of reach. We should look forward to next year though and forgot the $20,000 for 2017.

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.

That is just it for now, we just keep seeing how this goes and even if the bulls finally win clearly, I will still like to keep my doubts in one corner.

There is a lot of uncertainty right now but I believe that this is for a good course to the next line of action to new ATHs. Like you said, we all knew there would be one as the value just keeps going on and on without some very good time to correct. Now we just had the real big correction.

Correct, sometimes its really better to see this sort of correction because we know what's coming next. But again, we should look forward in 2018. We won't see another bull run at the end of the year. I only hope that we are just consolidating and building a strong support because hearing the herds once more. For me, above $10,000 at the end of the year is really good. IMHO.

[btcone111]

I've been saying the same thing for nearly 3 weeks now. But it was very obvious the fall from $20K to $11K was only the first leg. I personally think the second leg could bring us down to as low as $8K.

[tothetop]

I've been saying the same thing for nearly 3 weeks now. But it was very obvious the fall from $20K to $11K was only the first leg. I personally think the second leg could bring us down to as low as $8K.

Yes, this could happen, but I hope it will NOT happen, though some part of my portfolio is in fiat now, waiting for cheap BTC