Analysis

[Millionero]

sooo, everybody expecting a dumpf?

Drumpf expects a dumpf.

[1713512448]

1713512448

[tabnloz]

sooo, everybody expecting a dumpf?

Drumpf expects a dumpf.

Bitcoin has been treated so unfairly by fake media outlets. It is great software -- always pushes me to do the right thing! Terrible!

I don't know OKCoin, have no deals with Huobi, and the Bitcoin haters are going dumpf crazy - yet PBoC can make a deal with exchanges, #1 in fake volume. Sad!

[The_Dark_Knight]

sooo, everybody expecting a dumpf?

Drumpf expects a dumpf.

Bitcoin has been treated so unfairly by fake media outlets. It is great software -- always pushes me to do the right thing! Terrible!

I don't know OKCoin, have no deals with Huobi, and the Bitcoin haters are going dumpf crazy - yet PBoC can make a deal with exchanges, #1 in fake volume. Sad!

It is not about fairness, the media is bought, the days were the media was independent are over, banks and governments have hired the media to hate on bitcoin from the beginning to try to slow its adoption while they are trying to figure out what to do about it.

[silverfuture]

The debate I'm having:  should I follow the short term advice, reduce my position, and wait for the projected drop to 900 or 700?  Or should I just go all in and wait for the big wave?
I already deleveraged my long, and sold part of it to have some dry powder.
Maybe instead of selling, I should have taken a bank loan, put the money on an exchange, wait for the next drop and add to my position.
I feel like I don't own enough bitcoins.

exit

waait for a correction

my 2 cents

*ahem*

[hdbuck]

[Okurkabinladin]

HDbuck,

that only applies, if we break to 700 by the mid february, yes? If it will take us longer through extended consolidation and multiweek bear market... we could revisit five hundreds...

Your opinion on this? Any updates on Masterluc position?

[TeeBone]

Textbook handle if that plays out.

[Calabi–Yau Manifold]

Nice but below 750$ is really brutal

[prophetx]

Nice but below 750$ is really brutal

I would love to see under 750 so I get one last chance to off load some of these shitcoins i bought...

[Okurkabinladin]

As the time goes on, revisiting 700´ and then recovery to near 1000 level gains more and more legitimacy. I honestly curious and will follow incoming development every day.

We might have another leg or two down before strong bounce back, so be careful about buying back or staying long for the time being.

[hdbuck]

HDbuck,

that only applies, if we break to 700 by the mid february, yes? If it will take us longer through extended consolidation and multiweek bear market... we could revisit five hundreds...

Your opinion on this? Any updates on Masterluc position?

this is master's opinion.

see here: https://vk.com/bitcoin_vanga

[buwaytress]

The debate I'm having:  should I follow the short term advice, reduce my position, and wait for the projected drop to 900 or 700?  Or should I just go all in and wait for the big wave?
I already deleveraged my long, and sold part of it to have some dry powder.
Maybe instead of selling, I should have taken a bank loan, put the money on an exchange, wait for the next drop and add to my position.
I feel like I don't own enough bitcoins.

exit

waait for a correction

my 2 cents

Just hope the correction don't go up.

You've misunderstood what correction means, which is this case simply means the "correct" price of btc is lower than what it is right now.

What surprises me is how quickly the correction in Jan overturned and heated up again to its current 1k region.

[quake313]

The debate I'm having:  should I follow the short term advice, reduce my position, and wait for the projected drop to 900 or 700?  Or should I just go all in and wait for the big wave?
I already deleveraged my long, and sold part of it to have some dry powder.
Maybe instead of selling, I should have taken a bank loan, put the money on an exchange, wait for the next drop and add to my position.
I feel like I don't own enough bitcoins.

exit

waait for a correction

my 2 cents

Just hope the correction don't go up.

You've misunderstood what correction means, which is this case simply means the "correct" price of btc is lower than what it is right now.

What surprises me is how quickly the correction in Jan overturned and heated up again to its current 1k region.

The "correct" price of BTC should be 2k+. Waiting for some "correction" to drop the price isn't always going to happen when you think or want it to. Those who sit around and wait (hope) for the price to fall may find themselves on the wrong end of a movement. Is that clearer?

[secousa]

The "correct" price of BTC should be 2k+. Waiting for some "correction" to drop the price isn't always going to happen when you think or want it to. Those who sit around and wait (hope) for the price to fall may find themselves on the wrong end of a movement. Is that clearer?

This is a technical analysis thread. Therefore the following definition of "correction" applies.

What is a 'Correction'

A correction is a reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset. A correction has a shorter duration than a bear market or a recession, but it can be a precursor to either.

http://www.investopedia.com/terms/c/correction.asp

[quake313]

The "correct" price of BTC should be 2k+. Waiting for some "correction" to drop the price isn't always going to happen when you think or want it to. Those who sit around and wait (hope) for the price to fall may find themselves on the wrong end of a movement. Is that clearer?

This is a technical analysis thread. Therefore the following definition of "correction" applies.

What is a 'Correction'

A correction is a reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset. A correction has a shorter duration than a bear market or a recession, but it can be a precursor to either.

http://www.investopedia.com/terms/c/correction.asp

smh... Bitcoin is already undervalued. Waiting for a further price drop because it is overvalued may be be a mistake. That is what I have been saying. There probably will not be a major drop unless COIN is rejected in March or if approved, after a major rally in price to it actually becoming overvalued.

[STT]

  By correction he is trying to narrate the movement of the chart regardless of opinions for fundamental or quality either side.

my personal view  I believe bitcoin is acting strongly or it appears to be well past some kind of obvious play to a downside such as 700
I thought the Chinese New Year might have more influence but wider aspects such as Trump and Chinese government abductions of some of the worlds richest citizens might be far more important

It fits within fib levels very neatly?  Is this a weak looking situation to people really

Look at this last recovery, thats pretty impressive

[silverfuture]

Textbook handle if that plays out.

So if it goes higher from here Master's chart is invalidated? 

[StarenseN]

Textbook handle if that plays out.

So if it goes higher from here Master's chart is invalidated? 

LoL he's lucifer all over again...

[cellard]

Looks like this is wrong. We are already past that pink line and we are above it. It's time for a new ATH. The correction already happened , it was the first big PBOC crash. There will be no more crashes, not after a new ATH and potentially the next big great bubble of bitcoin history, triggered by many factors, including ETF.

[silverfuture]

We're currently @ approx 1060 and have been battling it out for a number of hours now. That is not above the pink line in the chart, it's almost dead on.