Seems like dump is coming soon..

[Dreamchaser21]

Price actually broke the other trend line too. The high is 8000 and the trend line at 7900.

Saw this thing and I’m so happy to see bitcoin on this level again but I’m wondering why the price spike high in just an hour. Hoping that it will continue so bitcoin can hit $9k level again, gonna crossed my finger the whole night while watching the price movement. 😂

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[passwordnow]

I really don't understand how people easily assume that we can guess bitcoin price with broken or unbroken trends. Bştcoin isn't a stock. Its very speculative commodity with volatile nature. In this manner I think bitcoin won't drop anymore.

We can't stop people to think that bitcoin is the same as stocks because it is like a stock.

Price actually broke the other trend line too. The high is 8000 and the trend line at 7900.

It has pumped today at $8,000 and this can be the effect of the Soros and Rockefeller news.

[cryptojac17]

I really don't understand how people easily assume that we can guess bitcoin price with broken or unbroken trends. Bştcoin isn't a stock. Its very speculative commodity with volatile nature. In this manner I think bitcoin won't drop anymore.

We can't stop people to think that bitcoin is the same as stocks because it is like a stock.

Price actually broke the other trend line too. The high is 8000 and the trend line at 7900.

It has pumped today at $8,000 and this can be the effect of the Soros and Rockefeller news.

Yeah bitcoin start to pump it might be the beginning to pump up more if you dump your BTC at this point  of times   big Whales will  be  happy, because if it soar high there's a possibility that there's a panic buying and if it will happen there's a rapid climb,and if you're a true believers don't miss this opportunity.

[BrewMaster]

Price actually broke the other trend line too. The high is 8000 and the trend line at 7900.

this proves my theory that Technical Analysis does NOT work for bitcoin and you should never use it, specially if you are going to call things like what you did here and said "dump is coming soon"!!!

TA is good as some sort of guideline of a possibility with a low chance of happening but nothing more.

[vit05]

At Bitfinex many are betting on a downfall as well. This time I'll bet differently. Lots of graphics betting on the fall. Lots of news about the decline in use of the word Hodl. Many saying the bubble burst.

But 6k will not pass.


We will never see bitcoin again at 5k

Over $150 million of shorts were just liquidated on Bitmex.

https://twitter.com/BigRekts

[krauzzer02]

The market was recently just pumped then here we go again with this kind of thread, what do you expect from the bearish market then the price suddenly jumps to 8K USD in just one day? Will it stabilize from that point of pricing without a single flinch of fluctuations? this is totally normal in cryptocurrency we don't have the total control of the people's action towards their bitcoin it's their freedom to cash out or to switch their coins that's why it is fluctuating as some traders and investors are cutting their losses.

[Denker]

And this is the reason why I don't make any predictions. Bitcoin likes to prove you wrong!
OP what do you say now ha? Instead of getting dumped, we just broke the upper trendline of the falling wedge we were in.
Always have a look on the higher time frames first! In this case daily chart or 12hr.

[Lieldoryn]

I really don't understand how people easily assume that we can guess bitcoin price with broken or unbroken trends. Bştcoin isn't a stock. Its very speculative commodity with volatile nature. In this manner I think bitcoin won't drop anymore.

We can't stop people to think that bitcoin is the same as stocks because it is like a stock.

Price actually broke the other trend line too. The high is 8000 and the trend line at 7900.

It has pumped today at $8,000 and this can be the effect of the Soros and Rockefeller news.

Yeah bitcoin start to pump it might be the beginning to pump up more if you dump your BTC at this point  of times   big Whales will  be  happy, because if it soar high there's a possibility that there's a panic buying and if it will happen there's a rapid climb,and if you're a true believers don't miss this opportunity.

I am sure that the pump is already switched on. Perhaps this year will be continuing to show the candles. Large speculators entered the cryptocurrency market and now we are waiting for sharp fluctuations. You need to be constantly ready to turn 180 degrees and back. We're gonna need a lot of patience.

[whirlcoin]

Maybe or maybe not,but I think the price may not fall again that much because it looks like the whale decided to buy the bitcoin that is the reason the price increased suddenly maybe the price will rise again so buy as soon as possible guys.

[UnDerDoG81]

December 2018 target is $2,000 for Bitcoin

That high? I thought more like $70...

[harizen]

~snipped

Yes it may and it has always chance but the thing is, dump is just a normal thing and even the price will goes back to where it was during it's bottom yesterday (IIRC around $6,500) then as usual, everything will back again from speculating. A number of technical analysis might brought up because of this price surge but none of them actually can tell what will happen or even closed to it. Those analysis, even how professional and well detailed it is will be spoiled once there is an unexpected rally so take those analysis for reference purposes only.

Sometimes people are just doing an analysis based on the current trend and not prior to it.

[Ultegra134]

Well, it's likely to happen, the market has been pretty stable the last 1-2 days, remaining in the green side most of the time. It already pumped to $8.100 and then crashed back down to where it was, at $7.500's. It can't be pumping forever, thus, tomorrow the market might crash and then partially recover the next few days.

[HabBear]

Well, it's likely to happen, the market has been pretty stable the last 1-2 days, remaining in the green side most of the time. It already pumped to $8.100 and then crashed back down to where it was, at $7.500's. It can't be pumping forever, thus, tomorrow the market might crash and then partially recover the next few days.

I'm glad you're posting today and not hiding. Apparently the dump wasn't coming "soon...like tomorrow"!

Sure, the market might crash. It also might sky rocket.

Can you answer my question?

A better topic for discussion is what happens when the trading band narrows, converges to a single point?

What are the triggers that drive the move after that convergence to be up...or down, because we're poised for a break out or a break through, but you're not talking about how we'll know if either is happening.

[Wind_FURY]

Price actually broke the other trend line too. The high is 8000 and the trend line at 7900.

What's your "prediction" now? The kwukduck is strong in you young padawan. After several hours of making this thread, the price went up!

Our only hope now is for you to keep predicting a dump so that the opposite takes place. Hahaha.

[lablab03]

lets see.. but I feel that we are going stable now and slowly go up..

basically , but in my view also perhaps it will never go further on this moment, 'cause we all knows that there are some scenario that always happened in the market. and i think this is just a temporary pump which is it will swing back again for sure and maybe those whales is waiting for the right time to manipulate the price again.

[Powerpuff]

BTC price may drop back down to 6.5k again, and then hopefully will break through to 9-10k. The increase happened so quickly yesterday it was pretty crazy. I remember checking, and 20 minutes later it had jumped about 1k and huge buy orders were coming through. Things are looking pretty good right now, let's hope it's not a bull trap, and that things can keep going!

[Caladonian]

BTC price may drop back down to 6.5k again, and then hopefully will break through to 9-10k. The increase happened so quickly yesterday it was pretty crazy. I remember checking, and 20 minutes later it had jumped about 1k and huge buy orders were coming through. Things are looking pretty good right now, let's hope it's not a bull trap, and that things can keep going!

If we are positive then it will continue to run high, the only matter right now is for those who are holding decent numbers of coins who bought it in a much cheaper value, they can easily dumped and enjoy their profits, and for sure OP's speculations will happen right away, lets enjoy and keep monitoring our
investment, keep positive and always study before doing any actions, not because someone say something then it will happen accordingly, be well prepared and enjoy investing.

[CrazeCoinz]

Price actually broke the other trend line too. The high is 8000 and the trend line at 7900.

It seems that the price goes on other direction as it was not dump today as what OP predicted. I'm not convince on a technical analysis as this volatile in nature will not follow on that charts...maybe if it happens it's only a coincidence. I'm hoping that this is now the beginning of a good rally to push the price at next level.

[fourpiece]

Why some people base the graph on the flow of price of bitcoin. No one knows what will happen, if some people knew bitcoin will go on that price they speculate why they aren't  go all in.

[passwordnow]

I really don't understand how people easily assume that we can guess bitcoin price with broken or unbroken trends. Bştcoin isn't a stock. Its very speculative commodity with volatile nature. In this manner I think bitcoin won't drop anymore.

We can't stop people to think that bitcoin is the same as stocks because it is like a stock.

Price actually broke the other trend line too. The high is 8000 and the trend line at 7900.

It has pumped today at $8,000 and this can be the effect of the Soros and Rockefeller news.

Yeah bitcoin start to pump it might be the beginning to pump up more if you dump your BTC at this point  of times   big Whales will  be  happy, because if it soar high there's a possibility that there's a panic buying and if it will happen there's a rapid climb,and if you're a true believers don't miss this opportunity.

This is the beginning of the green days. Since the last time when the price was quite low, the whales gave an impact to scare those weak holders and they became successful with their plan of pushing those weaklings to sell. And that's the time they just wait for the right time to push the price again and the market cap that was added yesterday is a big one so it's not just about the price but it's the whole crypto market which is experiencing green and positive charts today.