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Author Topic: BTC Price Pullback  (Read 199 times)
Elysian_ELY
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April 25, 2018, 04:24:28 PM
 #1

https://www.coindesk.com/10k-on-hold-as-bitcoin-sees-price-pullback/

I know everyone was excited to see the onset of a bull market but most of us had to see this coming. Anyone moderately experienced in the movement of Bitcoin and cryptocurrencies in general would know that rapid growth like what was seen recently cannot be facilitated without minor corrections in mind. The price will bounce back. 20k Bitcoin is not going to happen over night. The sooner the masses realize this, the better off the whole community will be. For now we all should be loading up on these corrections.

Good Luck Traders,
The Elysian Team
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April 25, 2018, 04:39:08 PM
 #2

Lol, 20k overnight that's so beyond our limitation lol. We can't really attain 20k overnight. 9k to 20k? I think this will not be the case of bitcoin. I think the pullback of price is connected to what happened to myetherwallet. So the chance of pullback is 100%.



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April 25, 2018, 05:34:35 PM
 #3

This is a little correction in other for the market to gather momentum for future upward price movement. Bitcoin and other coins has made significant progress and we expect some investors specially the day traders to take little from from the current gain.

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April 25, 2018, 10:02:29 PM
 #4

Lol, 20k overnight that's so beyond our limitation lol. We can't really attain 20k overnight. 9k to 20k? I think this will not be the case of bitcoin. I think the pullback of price is connected to what happened to myetherwallet. So the chance of pullback is 100%.

I don't think it's solely attributable to that issue, it's also just a result of an extended period of growth and reaching a level of large resistance. Is there any official word yet on compromised funds from myetherwallet?

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April 26, 2018, 05:04:46 AM
 #5

this is just a small correction to keep this rise healthy. people shouldn't really want the big rises with no corrections, those type of rises are never healthy and they always end up with a big bubble (like $20k) and then create a bear market afterwards. but with a solid rise which is slow and has proper corrections you can always expect the price to stay and never go lower than the strong buy support that is created because of it.

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arpon11
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April 26, 2018, 07:03:46 AM
 #6

This is very necessary for the market to gather more momentum for future gained. At the time of pull back the right thing to do is to buy and join the train again. Traders must take profits for the little push market has and taking advantage of the market to make make little profits along the ways. I have tried to hold but some time one has to sell in other to make some money.

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April 26, 2018, 07:26:30 AM
 #7

Anyone without any experience should easily be able to predict from the weight of historical evidence that this wasn't only expected but inevitable. A bit silly to still be talking in terms of 20k so soon, but even if you wanted to, trace the previous road to ATH and it wasn't dissimilar at all. I do wonder what the benchmark is now for patient long term waits. People still refuse to think in months, much less years.

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April 26, 2018, 07:27:58 AM
Merited by Efemen (1)
 #8

This is a little correction in other for the market to gather momentum for future upward price movement. Bitcoin and other coins has made significant progress and we expect some investors specially the day traders to take little from from the current gain.

The price now is still over $8000. The upward trend is not broken. There is no need to worry.
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April 26, 2018, 07:35:55 AM
 #9

this is just a small correction to keep this rise healthy. people shouldn't really want the big rises with no corrections, those type of rises are never healthy and they always end up with a big bubble (like $20k) and then create a bear market afterwards. but with a solid rise which is slow and has proper corrections you can always expect the price to stay and never go lower than the strong buy support that is created because of it.


If this is just a small correction needs to be seen.
But you're right that corrections after a longer upwards move need to happen.
And we were moving up for ~15 days and saw a 45% price increase. So this indeed is healthy. People made a bit of bank and this is the chance for others to get in or buy more.
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April 26, 2018, 08:24:22 AM
 #10

Anyone without any experience should easily be able to predict from the weight of historical evidence that this wasn't only expected but inevitable. A bit silly to still be talking in terms of 20k so soon, but even if you wanted to, trace the previous road to ATH and it wasn't dissimilar at all. I do wonder what the benchmark is now for patient long term waits. People still refuse to think in months, much less years.

it is mainly because the most vocal people are newbies and they don't know what long term even means let alone knowing what the potential of bitcoin is going to be like. they will simply see it if they stop reading FUD online and start zooming out of the charts to see the chart for a couple of years instead of seeing it for a couple of days.
this profit taking in short term is slowing the rise down though. I don't think it is as strong as before, we may still see $10k+ before the month ends.

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April 26, 2018, 09:10:35 AM
 #11

this is just a small correction to keep this rise healthy. people shouldn't really want the big rises with no corrections, those type of rises are never healthy and they always end up with a big bubble (like $20k) and then create a bear market afterwards. but with a solid rise which is slow and has proper corrections you can always expect the price to stay and never go lower than the strong buy support that is created because of it.


If this is just a small correction needs to be seen.
But you're right that corrections after a longer upwards move need to happen.
And we were moving up for ~15 days and saw a 45% price increase. So this indeed is healthy. People made a bit of bank and this is the chance for others to get in or buy more.

There's no correction thing at all since all things played with bitcoins is the dumping and pumping scheme, remember anything happened on bitcoins is due the adoption nor whales manipulation but anything from this we will surely see some bull run coming with bitcoins together with all altcoins around. So buy more and we shouldn't let ourselves left by the train.

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April 26, 2018, 09:14:26 AM
 #12

https://www.coindesk.com/10k-on-hold-as-bitcoin-sees-price-pullback/

I know everyone was excited to see the onset of a bull market but most of us had to see this coming. Anyone moderately experienced in the movement of Bitcoin and cryptocurrencies in general would know that rapid growth like what was seen recently cannot be facilitated without minor corrections in mind. The price will bounce back. 20k Bitcoin is not going to happen over night. The sooner the masses realize this, the better off the whole community will be. For now we all should be loading up on these corrections.

Good Luck Traders,
The Elysian Team
After seeing the price rise, people who are expecting the price to reach $20,000 USD over night should not even think about investing on bitcoin as they actually do not know anything about bitcoin and is at the risk of losing everything. To be honest this minor corrections are actually good for the health of bitcoin economy and is quite natural - something that should actually happen instead of constant price rise.


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April 26, 2018, 09:24:10 AM
 #13

https://www.coindesk.com/10k-on-hold-as-bitcoin-sees-price-pullback/

I know everyone was excited to see the onset of a bull market but most of us had to see this coming. Anyone moderately experienced in the movement of Bitcoin and cryptocurrencies in general would know that rapid growth like what was seen recently cannot be facilitated without minor corrections in mind. The price will bounce back. 20k Bitcoin is not going to happen over night. The sooner the masses realize this, the better off the whole community will be. For now we all should be loading up on these corrections.

Good Luck Traders,
The Elysian Team

This was already predicted that there will be a correction before this Bitcoin bullish price will reach $10,000 then after that said correction, the bullish will continue to grow to $20,000. At first, i don't want to believe to this correction because like the others I was also excited to see the progress of market growth until the price really pull back and make me sad thinking that the said correction is for real but now i'm at ease again because if this corrections is for real then the bullish will sure will come next.

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April 26, 2018, 05:50:13 PM
 #14

Why do investors want bitcoin to reach $20,000 in a short while? It will cost so much more to buy. Better to rise slowly and buy on the dips.
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April 26, 2018, 08:01:18 PM
 #15

Only the newbies and those who are week-old investors are wanting the price to rise unrelentingly. The rise from $6500 to $9600 in just over a week is surprising and at the same time, worrying. It could be a bull trap or some fake pump for all we know, but luckily the price held and has continued to do so for a couple days now. A much needed correction had already been expected by most traders. This is nothing new; it just resets the market for a bit before we take any direction from there, which is good. $20k is surely achievable, though I don't see it happening this month ir even the next ciming months.

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April 26, 2018, 08:15:36 PM
 #16

Why do investors want bitcoin to reach $20,000 in a short while? It will cost so much more to buy. Better to rise slowly and buy on the dips.

There are different kinds of investors and some of them are:

A) those who just entered at 2017
B) those who will made a dig dump at $20,000 as they are expecting dip later on

Those who just entered at year 2017 experienced most pumps at higher percentage all year long that's why they expect that getting profit on cryptos is as easy as they think resulting for depression (lol) and dissapointment when they experienced the wrath of 1Q of 2018. So in here, they want the feeling on getting back $20,000 so even chances of happening it today is really not a realistic one, they want to reached that price level within a short period of time.

On the other hand, some people wants to head back again to $20,000 to repeat the process of dumping and wait for dip. If they wait for a certain price, definitely they have sort of plan to execute once reached it. If the purpose is to just hold then it should be no such thing as waiting for a certain price.

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April 26, 2018, 09:11:14 PM
 #17

Only the newbies and those who are week-old investors are wanting the price to rise unrelentingly. The rise from $6500 to $9600 in just over a week is surprising and at the same time, worrying. It could be a bull trap or some fake pump for all we know, but luckily the price held and has continued to do so for a couple days now. A much needed correction had already been expected by most traders. This is nothing new; it just resets the market for a bit before we take any direction from there, which is good. $20k is surely achievable, though I don't see it happening this month ir even the next ciming months.
Everything is only based on greedy only, I agree if this is like a fake pump, because if there is a fake pump then when there is correction will occur panic selling and make the market bleeding again.
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April 26, 2018, 10:14:32 PM
 #18

Only the newbies and those who are week-old investors are wanting the price to rise unrelentingly. The rise from $6500 to $9600 in just over a week is surprising and at the same time, worrying. It could be a bull trap or some fake pump for all we know, but luckily the price held and has continued to do so for a couple days now. A much needed correction had already been expected by most traders. This is nothing new; it just resets the market for a bit before we take any direction from there, which is good. $20k is surely achievable, though I don't see it happening this month ir even the next ciming months.
Everything is only based on greedy only, I agree if this is like a fake pump, because if there is a fake pump then when there is correction will occur panic selling and make the market bleeding again.

I would not say that it is a fake pump, simple because it happened, it is just not a healthy pump. Price rises should be slow and steady, such rapid increases are not sustainable and people then have the tendency to panic when the inevitable correction happens, easy come, easy go.

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April 26, 2018, 11:07:41 PM
 #19

Everything is only based on greedy only, I agree if this is like a fake pump, because if there is a fake pump then when there is correction will occur panic selling and make the market bleeding again.

Fake is a heavy term to use. I rather talk about empty pumps, which I find to be a more appropriate term. I consider empty pumps to be when volumes are low, the number of network transactions are low, and there is a strong reek of manipulation. In that case I always prefer to cash out on time, because it will come down to much lower levels again. Currently the number of network transactions are still on the lower side, which is something I want to see change. It was yesterday or the day before that where there were still like +20,000 unconfirmed transactions, while it's like 10% of that right now. On the other hand, it might also be silence before the storm, positively speaking. Either way, people keep gaining confidence in the market at current levels.
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April 26, 2018, 11:17:33 PM
 #20

Only the newbies and those who are week-old investors are wanting the price to rise unrelentingly. The rise from $6500 to $9600 in just over a week is surprising and at the same time, worrying. It could be a bull trap or some fake pump for all we know, but luckily the price held and has continued to do so for a couple days now. A much needed correction had already been expected by most traders. This is nothing new; it just resets the market for a bit before we take any direction from there, which is good. $20k is surely achievable, though I don't see it happening this month ir even the next ciming months.
Everything is only based on greedy only, I agree if this is like a fake pump, because if there is a fake pump then when there is correction will occur panic selling and make the market bleeding again.

What fake pump? Fake pump cannot last for a week. We witnessed the price rose from $6500-$9500 in weeks not days. So I wouldn't call it a fake pump but rather people really putting cash in the ecosystem. And now it went above $9K again, after the daily traders take their profits.

As for newbies, its gonna be a hard lessons for them, yes they may have seen the bearish market for more than 3 months and that is too much for them. I'm sure that there will be another attempt to break the $10K barrier but I don't think we can do it at the end of the month. Probably 1st week of May will be a good start to finally see the price getting on the 5 digit mark.

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