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Author Topic: Bitcoin Fluctuates Below $8,500  (Read 77 times)
BokkaExchange
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May 17, 2018, 05:33:40 PM
 #1

Cryptocurrency drops further, making fresh lows, with no signs of the positive upside move.

Read Bokka Crypto Technical Analysis BTC/USD 17.05.18: https://bokka.com/bitcoin-fluctuates-below-8500/

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May 17, 2018, 05:55:07 PM
 #2

Cryptocurrency drops further, making fresh lows, with no signs of the positive upside move.

Read Bokka Crypto Technical Analysis BTC/USD 17.05.18: https://bokka.com/bitcoin-fluctuates-below-8500/

Now bitcoin recently sign up with 8000$ .This is constant between 8000-8300$,but this is not a permanent one.It's better to hold your valuable bitcoin, when the price reach new peak.You will get additional dollars for that.No need to feel sad for this,this is just as usual fluctuations after a rise.
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May 17, 2018, 06:02:56 PM
 #3

Cryptocurrency drops further, making fresh lows, with no signs of the positive upside move.

Read Bokka Crypto Technical Analysis BTC/USD 17.05.18: https://bokka.com/bitcoin-fluctuates-below-8500/

Now bitcoin recently sign up with 8000$ .This is constant between 8000-8300$,but this is not a permanent one.It's better to hold your valuable bitcoin, when the price reach new peak.You will get additional dollars for that.No need to feel sad for this,this is just as usual fluctuations after a rise.
We are playing or stabilizing with these ranges but the fact the next support is on $7800 price which we might able to reach out that support if the price tends to break on 8k usd point but now its still holding up and turns out we might be have a nearly stable movement as of this moment. The next movement is really unpredictable which it would really always depend on market conditions specially into fundamental matters.



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May 17, 2018, 06:04:55 PM
 #4

Cryptocurrency drops further, making fresh lows, with no signs of the positive upside move.

Read Bokka Crypto Technical Analysis BTC/USD 17.05.18: https://bokka.com/bitcoin-fluctuates-below-8500/

This kind of low is just a good way of Bitcoin to prepare for some massive uptrend. We just have to wait and see.
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May 17, 2018, 06:07:25 PM
 #5

Cryptocurrency drops further, making fresh lows, with no signs of the positive upside move.

Read Bokka Crypto Technical Analysis BTC/USD 17.05.18: https://bokka.com/bitcoin-fluctuates-below-8500/

Ignore shit analysis about the bitcoin price in negative side mate. These kind of shit news and article only making the people panic on crypto investment and make them leave the crypto to fiat cash mate.
I advice you to invest your fund on bitcoin when the time you thinks bitcoin price seems low.
Because, however with in some months you will find the bitcoin and alts price go bigger in the market for sure mate.
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May 17, 2018, 06:11:39 PM
 #6

Cryptocurrency drops further, making fresh lows, with no signs of the positive upside move.

Read Bokka Crypto Technical Analysis BTC/USD 17.05.18: https://bokka.com/bitcoin-fluctuates-below-8500/

Bitcoin has been in the range of $8100-$8700 in the last couple of weeks so I don't know what's the big fuss is all about. We have been in this kind of wild swings lately so I'm not surprise at all.

So I'm not sure if your prediction and analysis is backup by some TA or what, but you don't need to be a rocket scientist to understand that this market is full of surprises and again the price has been in this level for several weeks now.

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May 17, 2018, 06:42:29 PM
 #7

Cryptocurrency drops further, making fresh lows, with no signs of the positive upside move.

Read Bokka Crypto Technical Analysis BTC/USD 17.05.18: https://bokka.com/bitcoin-fluctuates-below-8500/

Now bitcoin recently sign up with 8000$ .This is constant between 8000-8300$,but this is not a permanent one.It's better to hold your valuable bitcoin, when the price reach new peak.You will get additional dollars for that.No need to feel sad for this,this is just as usual fluctuations after a rise.

That is the message that needs to be sent out everytime while we hope that those who will listen would and rejoice in the end and those who wouldn't, would find someone to blame for their decision when the tides turned for the better. There is no point creating threads to emphasise what is obvious. If you cannot handle it, sell of course its an open market where there is always a buyer ready at the current market price. But if you believe, its time to remain strong and hope which is the source of everything.
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May 17, 2018, 06:57:03 PM
 #8

Cryptocurrency drops further, making fresh lows, with no signs of the positive upside move.

Read Bokka Crypto Technical Analysis BTC/USD 17.05.18: https://bokka.com/bitcoin-fluctuates-below-8500/
You can see that the market in recent days is a lot of signals are worrying, bitocin prices in the past days are constantly falling, so the trade at this time the risk will be very high. The market is uptrend, but according to my analysis, long term in bitocin prices are still bearish. So when you trade at this point you need extreme caution.
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May 17, 2018, 08:56:09 PM
 #9

Yes things are not looking very good right now, but I guess this is just normal fluctuation of the markets. The next level to hold is around $7800, so let's see if we don't fall bellow that. On the weekly time frame, everything above $6700 is still good, and we could still see an uptrend again. I guess that nothing really changed right now, and we are still waiting for institutional money to come in. Until that happens it will be hard to see BTC pass the $12k mark again, and continue to go up.

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May 17, 2018, 10:30:17 PM
 #10

Cryptocurrency drops further, making fresh lows, with no signs of the positive upside move.

Read Bokka Crypto Technical Analysis BTC/USD 17.05.18: https://bokka.com/bitcoin-fluctuates-below-8500/
You can clearly see that at the moment the bitcoin prices are falling sharply and are continuously adjusting at the $ 8000 level. According to my analysis, the $ 8000 level will not last long and the bitcoin price will continue to fall and will reach the $ 7400 threshold to start rising again. Therefore, you should not trade at this time, wait for bitcoin price to $ 7400 mark to buy.
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May 17, 2018, 11:47:44 PM
 #11

According to my analysis, the $ 8000 level will not last long and the bitcoin price will continue to fall and will reach the $ 7400 threshold to start rising again. Therefore, you should not trade at this time, wait for bitcoin price to $ 7400 mark to buy.
It's pointless to tell people that they shouldn't trade. In every up or downward trend there is a decent bit of money to be made. It's not even sure whether or not the price will go down towards the $7400 mark.

I would love to scoop up some coins around that level, but we have to remain realistic and accept that literally anything can happen right now. We might just as well go slightly up again from this point, no one here knows.

Currently we're back at levels we were hovering over one month ago, so from the large green candle that popped up last month we remained fairly stable and I don't see anything pointing at a major change.

It's more a cycle that I see develop here.

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May 18, 2018, 12:08:30 AM
 #12

BTC is volatile what can we do... looking like short term bearish right now.
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May 18, 2018, 02:52:23 AM
 #13

From technical analysis point of view bitcoin does defies these analysis and its  price action is based on fundamentals I disagreed on the price pulling back to the support at $7400 that would be too dip, some analyst believed that in the recent times bitcoin rallies upwards on weekends, let wait and see how its going to play out.

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May 18, 2018, 06:39:26 AM
 #14

Bokka's advice would be to,
Quote
We continue to stay out of the market.

A better advice would be to get off your ass and get a real job to buy all the Bitcoins that you can while they are cheap. You will not get this opportunity again by the next halving on 2020.


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gabmen
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May 18, 2018, 08:12:17 AM
 #15

Bokka's advice would be to,
Quote
We continue to stay out of the market.

A better advice would be to get off your ass and get a real job to buy all the Bitcoins that you can while they are cheap. You will not get this opportunity again by the next halving on 2020.

Lol. Sounds like a good plan dude. Whiners took to hibernation last april when btc seemed to bounce back and went above 9k but of them are back now with renewed vigor hahaha! It's easy to leave the market if you can't handle it :p

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May 19, 2018, 01:03:16 PM
 #16

The cryptology is all right and progress is underway. And you understand, all the negative in fact only in words, and not in deeds. It's nothing more than manipulation to mislead you to buy bitcoin below $ 8.500 level

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May 20, 2018, 01:10:07 AM
 #17

That is what I mentioned in my previous posts also that bitcoin is moving around the same price from last some time and it needs to make a move now and I am expecting bitcoin to move up from here and let's hope I am analyzing correctly.
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May 20, 2018, 01:33:57 AM
 #18

Cryptocurrency drops further, making fresh lows, with no signs of the positive upside move.

Read Bokka Crypto Technical Analysis BTC/USD 17.05.18: https://bokka.com/bitcoin-fluctuates-below-8500/
That would be possible, now things are going down dramatically. Investors are depressed and they have withdrawn capital quite a lot. In early 2018, the market capitalization of the Crypto market was $ 700 billion. Currently it is only $ 370 billion, which is a disappointing figure.
What can we do for the bull market? I feel very worried about Crypto's future.

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May 20, 2018, 02:49:01 AM
 #19

Well, at least, the price decrease is not that bad.  it's not that low to compare to the low price of $6k that we experienced then. Whenever you see the reds in the price chart of bitcoin, use that opportunities to stock up your wallet for the better days. The red might not be that more investors aren't buying bitcoin but it's as a sign that traders are always buying and selling to make their gains. Just HODL your coins.  

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