The DEATH CROSS is in. How low will we go?

[cryptokwuk]

We failed to close above the 200 day and we just got a very bad death cross, both signalling an upcoming hard sell.
We'll see $6000 real soon and i think we'll drop much lower even.

Thoughts? Why has bitcoin failed again to recover? MtGox? Governments? Criminals selling off?

[creeps]

We can't say yet but if bitcoin backs to $7k level I think it will crash again up to $6k. I see no more bad news about cryptocurrency aside from banning the advertisements in fact a lot of good news during G20 summit but yeah, it looks like its not able to break the resistance. We can wait for more weeks and I believe it can finally break that wall and go even higher.

[Loveboard]

We can't say yet but if bitcoin backs to $7k level I think it will crash again up to $6k. I see no more bad news about cryptocurrency aside from banning the advertisements in fact a lot of good news during G20 summit but yeah, it looks like its not able to break the resistance. We can wait for more weeks and I believe it can finally break that wall and go even higher.

Lol, I have a feeling if bitcointalk started banning ads we'd see even more of a price crash. BTT is where crypto was born and this is still the first place people go to advertise ICOs.

[chrisrok]

the death cross signal or chart analysis in general isn't any predictive factor for future price development.

in the best case, its a self fulfilling prophecy - in the worst case you gonna loose money due to irrational trading behavior.

just hodl

[gentlemand]

Once upon a time I recall there was a Golden Cross that took place. This caused a vast amount of excitement and the stroking of many a genital as it was so rare.

What then happened?

Sod all.

[BitMaxz]

I think it's normal that we see the price decrease after the price increased from yesterday, It wasn't failed honestly you are trying to spread another FUD and it's likely you are telling other bitcoin holders to sell their bitcoin that could result of panic selling.

I suggest you to better stay hodl and don't use the news for now as your signal that bitcoin is going to die or drop back to $6k value because anything you read from blogs is Fake like "google bans crypto ads"

Bloggers are always making an article that could be trending just to get more visitors.

No one knows what will be the price of bitcoin it will still depending on the demand and supply.

So, hodl and support bitcoin to keep the price stay at current level or increase again back.

[TERA2]

DOOOOOM

[tomahawk9]

We'll see $6000 real soon and i think we'll drop much lower even.

Talk about optimism.

Why has bitcoin failed again to recover? MtGox? Governments? Criminals selling off?

Bitcoin has been recovering since last tuesday, price was 7400, we're now at 9k, even the 1w charts show a 14% increase in the price.
But just to be clear, the thing about MtGox is done, the trustee already sold enough btc to pay off the creditors, there's no future sale of the remaining btc.
Governments? have you read anything over the last few days or weeks that makes you think that goverments are doing something behind the scenes to stop the btc price from recovering? did you even read the statement from the G20 about cryptocurrrencies?
Criminals selling off? that's dumb.

Friendly advice: stop spreading FUD.

[liseff3]

Maybe you are a failed person but i'm not. Because i'm always optimistic with the growth that occurs in bitcoin.

We'll see $6000 real soon and i think we'll drop much lower even.

It is unlikely that bitcoin will return to $ 6.000, because the results of the G20 meetings have brought a positive change in bitcoin prices, i'm sure in a few days more people and companies will probably adopt bitcoin and bitcoin will move easily to $ 10.000, $ 11.000 and $ 12.000.

[Wind_FURY]

We failed to close above the 200 day and we just got a very bad death cross, both signalling an upcoming hard sell.
We'll see $6000 real soon and i think we'll drop much lower even.

Thoughts? Why has bitcoin failed again to recover? MtGox? Governments? Criminals selling off?

All that technical "analysis" does not matter. As long as Bitcoin is at these low prices, all we have to think about is to buy as much as we can then wait for the next halving.

Trust me, by the next halving around May 2020, we would be seeing Bitcoin trading above the all time highs.

[exstasie]

We failed to close above the 200 day and we just got a very bad death cross, both signalling an upcoming hard sell.

Not necessarily. We tagged the MA200 and naturally, we pulled back. The MA50/MA200 death cross hasn't actually happened. It might if there is a pronounced selloff here.

I've noticed often times when the MA50 and MA200 meet, it's a "crossroads" moment. Sometimes there's a selloff that confirms the cross. Sometimes there's a pump that rejects it. Pivotal moment!

We'll see $6000 real soon and i think we'll drop much lower even.

Possible in time, but I'm still thinking we need a solid bull trap before we go to retest the lows. Bears need punishing too.

By the way..... Is that you, kwukduck?

[CryptoBry]

One thing I learned about Bitcoin is that any surge and any slide can be attributed to anything true or just imaginary especially after the whole thing transpired. We have become good analysts on anything related to Bitcoin but we know that Bitcoin can move up or down anytime even without any reason behind. How many times have we been surprised by Bitcoin? How many times have Bitcoin been declared to be dead? As far as I know there is no single person or any group that can categorically say what can happen next with it...all are just guesses.

[Welhell]

Now that we're in a situation where there is not even a single day of bad news. Perhaps, it is the games of governments. Isn't it strange that you have bad news every day? I don't know what to do anymore.

[LFC_Bitcoin]

We failed to close above the 200 day and we just got a very bad death cross, both signalling an upcoming hard sell.
We'll see $6000 real soon and i think we'll drop much lower even.

Thoughts? Why has bitcoin failed again to recover? MtGox? Governments? Criminals selling off?

All that technical "analysis" does not matter. As long as Bitcoin is at these low prices, all we have to think about is to buy as much as we can then wait for the next halving.

Trust me, by the next halving around May 2020, we would be seeing Bitcoin trading above the all time highs.

@Wind_FURY - Correct, all it takes is a bit of patience & people to HODL for a few years. All these noobs can’t handle it & sell off after a price correction or dump.

It’s fucking embarrassing tbh

[rizkyhiw]

this is A hot potato. There is no bad news about price reductions, that prices are down because of the bitcoin characters that can go down at any time, but I see little research after a lot of positive news has sprung up especially G20 showing a positive policy for the future, I hope there is more continuation of the news. There will be an increase in prices in the next few months and show a positive trend for bitcoin, all should realize it without your realizing it.

[Denker]

We failed to close above the 200 day and we just got a very bad death cross, both signalling an upcoming hard sell.
We'll see $6000 real soon and i think we'll drop much lower even.

Thoughts? Why has bitcoin failed again to recover? MtGox? Governments? Criminals selling off?

I wouldn't focus too much on TA in that case.
Remember we were going up for 2 years. So we are just retracing for about 3 months now, this is nothing!
Although we know anything can happen with Bitcoin, therefore the honeybadgers decides to moon out of nothing, I wouldn't be surprised to see a few more months of consolidation with some minor up and down swings in a range of 6-10k. Even new lows aren't out of question for me.
If you're in for long just hold and wait until the market reverses. So far we're still in a bear market.

[hase0278]

Now that we're in a situation where there is not even a single day of bad news. Perhaps, it is the games of governments. Isn't it strange that you have bad news every day? I don't know what to do anymore.

I think it is not strange. In fact, I see it as natural considering bitcoin transactions had been slow and expensive in the past few months and many new users have got in with the mindset get rich quick in bitcoin. I also don't think that the government is playing games with us. If they do that, I don't see their games that profitable because they will use more money than what they will gain by making btc price go down.

[jossiel]

We failed to close above the 200 day and we just got a very bad death cross, both signalling an upcoming hard sell.

Death cross? How long you've been investing and holding in cryptocurrency? Yesterday?

We'll see $6000 real soon and i think we'll drop much lower even.

Tell what you want to tell there is even someone on our group chat that even said there will be a massive drop that bitcoin will lead to $3,000 and he even said "MARK MY WORD".

Thoughts? Why has bitcoin failed again to recover? MtGox? Governments? Criminals selling off?

Failed again to recover? So what's the price of bitcoin last year?

[cryptokwuk]

We failed to close above the 200 day and we just got a very bad death cross, both signalling an upcoming hard sell.
We'll see $6000 real soon and i think we'll drop much lower even.

Thoughts? Why has bitcoin failed again to recover? MtGox? Governments? Criminals selling off?

I wouldn't focus too much on TA in that case.
Remember we were going up for 2 years. So we are just retracing for about 3 months now, this is nothing!
Although we know anything can happen with Bitcoin, therefore the honeybadgers decides to moon out of nothing, I wouldn't be surprised to see a few more months of consolidation with some minor up and down swings in a range of 6-10k. Even new lows aren't out of question for me.
If you're in for long just hold and wait until the market reverses. So far we're still in a bear market.

Ah yes, just ignore TA. TA is for all those millions of professional loser economists and traders that run the world business and economy.

HODL is the game!
The game that is the bitcoin scam. The scam community has to come up with some hype buzzword to draw in investors and make sure idiots keep buying "low" while early adapters sell at premium ridiculous prices and get filthy rich without ever moving a finger to contribute to society!

[RodeoX]

Death cross. 

There is only supply and demand. Death crosses are for stocks, bonds, and other assets that can die. Bitcoin does not need your money.