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Author Topic: Cryptocoins are in a recovering mode  (Read 272 times)
Sophia Portera
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April 09, 2018, 09:30:27 AM
 #1

Waking up this morning with green numbers on the charts: Cryptocoin prices today. Will this mean that everybody believes in Crypto coins again? Let's hope that the prices rises to the moon.
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April 09, 2018, 09:46:58 AM
 #2

once again it is the bitcoin effect. as bitcoin drop stopped and it had a little recovery by going above $7000 again, everything else also stopped dropping and started having some recoveries also.

but the recoveries alone don't mean we are out of the bear market and it certainly doesn't mean "moon". specially not for altcoins that are having dead cat bounces.

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April 09, 2018, 09:49:24 AM
 #3

Waking up this morning with green numbers on the charts: Cryptocoin prices today. Will this mean that everybody believes in Crypto coins again? Let's hope that the prices rises to the moon.

Yup...  Some of them are having higher lows now.  I got my sights on DGB and a couple like SIA tbh.  But we'll see.  Some of them could start breaking out as early as this weekend...

I hope alts break out first, buy and sell then and make some BTC, then BTC breaks out last.  Grin

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April 09, 2018, 10:09:13 AM
 #4

When all FUD news has passed, then market conditions will start to stabilize and whales will return to the market. things like this have happened over and over again, I'm not surprised about this condition, because basically the price of Bitcoin should be above $10k.
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April 09, 2018, 10:29:36 AM
 #5

Waking up this morning with green numbers on the charts: Cryptocoin prices today. Will this mean that everybody believes in Crypto coins again? Let's hope that the prices rises to the moon.
The fall in yesterday's crypto price is not a loss of trust from crypto users. Yes the market is recover from yesterday I noticed it and still stuck and confused at 6.8k-7k USD a few days. Hopefully the market will recover soon.
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April 09, 2018, 08:20:27 PM
 #6

Tho worst is behind us I guess, yet the danger is not all gone. We much stay positive and support Bitcoin as much as we can. Soon people will realize that crypto is not as weak as they thought, and new investors should come along. I guess Bitcoin's price is like yo-yo, it goes up and down. I suppose we can expect a little increase in its price, after all this was a big dip. But honestly no one can predict how the price will behave, we can only wait and watch.
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April 09, 2018, 08:39:25 PM
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What are talking about? We are at 6600 (yes - it is this year low) and going down.
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April 09, 2018, 10:01:09 PM
 #8

Crypto is not in recovery mode yet, if anything it is in a consolidation phase and finding a steady bottom. I truly believe that gone are the days of the wild 50-100% changes in less than a month. The price from here on out will be a lot more stable than ever before which could in turn lead bitcoin to finally fulfill its potential.

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April 09, 2018, 11:18:01 PM
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What are talking about? We are at 6600 (yes - it is this year low) and going down.
It isn't this year's low. Globally, the average bottom still hovers around the $6000 mark, which happened back in February. Right now we're just moving within the obvious range, where 5% dumps are quite common.

One day we'll jump up like 5%, and the other day we fall back down that much. In a market not having anything to hold onto, traders will keep repeating the cycle of buying ans selling till one or more large traders lose patience.

Other than that, there is no such a thing as recovery mode in current market, and I don't even know if there is much to recover at all. I feel that $7000-$8000 levels are quite solid already, and I am happy with these levels.

It's pointless to look at last year's peak and today's price and think there is a lot to recover. Last year's peak was the result of a hyped up bull run, likely due to the future markets. Speculative peaks are unsustainable.

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April 09, 2018, 11:20:43 PM
Last edit: April 28, 2018, 03:30:46 PM by peter0425
 #10

Waking up this morning with green numbers on the charts: Cryptocoin prices today. Will this mean that everybody believes in Crypto coins again? Let's hope that the prices rises to the moon.
Sorry but you spoke to soon because as quickly as we have gain and go above $7K bitcoin is now hovering around $6700. So the bears again took control of the market, We have thought that we are in the road to recovery, but we are still not there yet. We really need to have like a fresh blood to pump to market to at least make a significant gains towards $10K so say at least we have indeed recovered, but a 2 day gain can be quickly wipeout in matter of hours, just like we witnessed.

We need to have more patience and keep calm because we all know that at the back of our mind, we will recover, its just a matter of time.

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April 09, 2018, 11:27:14 PM
 #11

Most definitely! Never in my life I have seen Bitcoin and Ethereum especially altcoins go up on a Sunday. Really weird but great news, even though the slight fall this evening, this without doubt gave me some kind of hope. Keep calm, be relaxed and watch everything get back to normal people! Grin

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April 09, 2018, 11:50:12 PM
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Most definitely! Never in my life I have seen Bitcoin and Ethereum especially altcoins go up on a Sunday. Really weird but great news, even though the slight fall this evening, this without doubt gave me some kind of hope. Keep calm, be relaxed and watch everything get back to normal people! Grin
really ........  ;)I really see the price start to stabilize after some time a lot of pressure and many investors panicked, but I am very confident now the price will start to climb even though little by little Roll Eyes

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April 10, 2018, 08:24:40 AM
 #13

to be exact cryptocoins are in an accumulation mode before the moonshot or crazy jump.
just look at its volume.
we could see that its volume decreased a lot from before,one of the reason was because of people stucked at the top and some people felt afraid.
and at the same time when people trying to push the price because of news and other good stuff,we could see the dump instantly.
(even though its volume it's not that high,but it could scare other people directly).
so,it's just matter of time for us to break this cycle and turning it to bull market.

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April 10, 2018, 08:48:21 AM
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What are talking about? We are at 6600 (yes - it is this year low) and going down.
What suggest it is going down further?

I am not saying it can't go down from this point but market looks like oversold so I am actually hoping for a good bounce with a small/quick dump below $5k. There is still panic in the market so people are not buying bitcoin again and they are making exit. But there are still few strong holders who are holding and buying more at current prices. Whales might soon create another FOMO buy where we might see similar uptrend like in end of last year.
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April 10, 2018, 09:03:02 AM
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What are talking about? We are at 6600 (yes - it is this year low) and going down.
What suggest it is going down further?

I am not saying it can't go down from this point but market looks like oversold so I am actually hoping for a good bounce with a small/quick dump below $5k. There is still panic in the market so people are not buying bitcoin again and they are making exit. But there are still few strong holders who are holding and buying more at current prices. Whales might soon create another FOMO buy where we might see similar uptrend like in end of last year.

In my opinion we are in strong downtrend. And it isn't finished yet. Also, I think that uptrend like in end of last year will not be so great. December rising was connected with many news about Wallstreet using financial instruments based on BTC. And many people think smth like "Oh, big gyus with big money began to invest. And they really know smth. Let us do the same". 

I'm sure that Futures for BTC only harm the BTC itself. First, money now goes not to BTC itself but to their bubbles. Second, they now can manipulate BTC with comfort. And they really know how to do that kind of things.
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April 10, 2018, 09:10:01 AM
 #16

Waking up this morning with green numbers on the charts: Cryptocoin prices today. Will this mean that everybody believes in Crypto coins again? Let's hope that the prices rises to the moon.
Yes, this is a positive condition in bitcoin market indeed and i can really appreciate this movement. The price has been pretty consistent in the past weeks playing from 6000 to 7100 I am pretty sure it will pump higher..this is really a good sign👍
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April 10, 2018, 02:20:30 PM
 #17

There's nothing impressive that I can see, most coins are just following Bitcoin, that is, doing nothing mostly. The entire crypto market is looking at what Bitcoin will do next, as it is still to be seen if we can stay above $6k or we'll test lower resistances. For now im remaining optimistic about things, and I believe $5900 was the bottom back on early Febraury, and everyone is delusional about getting in cheaper, so the second a soon-to-be-hodler with deep pockets enters, the rest will lose their patience and FOMO back in, pushing the price back to $10k, short squeezing all the people that already assume we are going to $4k. I would buy right now if I had no coins, going 50% in, then watch, in case it actually goes lower, buy dip with the rest because that's as low as it will get.
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April 10, 2018, 02:43:37 PM
 #18

Will this mean that everybody believes in Crypto coins again?

people have not given up on crypto, the problem is that there are countries that have imposed regulations and the result of these regulations are that their people stopped buying bitcoin and this is a significant loss for bitcoin, has visa and mastercard, google, facebook, twitter that contributed to price drop... so like I said it is not as if people had decided to give up bitcoin, they were forced to not buy bitcoin because of their governments

Let's hope that the prices rises to the moon.

Let's hope

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April 10, 2018, 02:55:47 PM
 #19

looking at the charts it would seem we are still in a down channel. You have to be pretty damn optimistic to interpret today's price even as consolidation, let alone as a recovery. Ofc this is pure speculation but if I would assign odds I'd say 60% chance of downtrend continuing, 35% consolidation, 5% for a reversal. Anyway, I don't think we can have a reversal without some positive news, and I don't expect any soon. On the contrary I expect more regulations and possibly bans
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April 10, 2018, 03:07:03 PM
 #20

What are talking about? We are at 6600 (yes - it is this year low) and going down.

what are YOU talking about?
$6600 is not this year low. the low was $5900 this year which happened on the first major dump and panic sell that bitcoin had. the next drop came after it where price couldn't go near that level and stayed above $6400.
as for OP's subject there was a small recovery but not something worthy of creating a topic about it!

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