If this repeats it will implode BTC and ALTS

[jamesashmore1964]

Are you ready!

https://www.coindesk.com/bitcoin-closing-on-long-term-bear-indicator-not-seen-since-2014/

Scary Stuff!

[TooDumbForBitcoin]

I guess price will bounce back to 8500 USD during next week or so. All these indicators and averages have a huge latency, good on past data but not useful for predicting things

[Wevariant]

I guess price will bounce back to 8500 USD during next week or so. All these indicators and averages have a huge latency, good on past data but not useful for predicting things

I think so. Before the rebound, the price could go as low as $7000.

[samcrypto]

Yes, its scary but we have to deal with it and focus on your target price, If you can’t take the risk right now better not make action and wait until bitcoin reached the bottom. This market can recover in short term and don’t worry this market will not collapse within a day so don’t panic.

[Javi_Anibarro]

not that scary because this kind of chart has been drawn by many people before but until now it keeps doing something unnatural(middle of nowhere).
i bet some of you ever heard about something called Death Cross or something like that when you are chatting with your friend on tradingview or something like that,right ?
if you ever did that,i bet you should have heard something worse than this.
some of them said it will goes down to around $5000 or even lower than that.
right now Bitcoin shows us a bearish movement,and i believe it will goes down from this point.
so it would be better to safe some of your money to buy it back when it goes that deep or if you are in position,
cut it for now and buy it back later(of course if you are not 20% underwater).

IF we are seeing this,
2019 will be a good time for us to take another ride i believe
 

[consideritdone]

pizza today is almost $80million https://www.coingecko.com/en
how much worth next 4 years, you get what i mean

[KJMZNine]

I am ready for a new bounce guys, but I am not ready for a dip man It is too hard for me, because I already made some losses in the last time. But I will buy some more dips if we really go down more!

[wilberthh]

It's indeed scary! the price has been going down for months right now thus making lots of  new / old investors cashing out their money which makes the situation worst. But I believe nothing rises forever and nothing went down forever.. The price will definitely rise again in no time although im not sure it's a ' good rises ' or not. Let's hope all the best for crypto market! It's still too young to crashed lol.

[pageraji]

this news means if bitcoin price hit 7000 $ its can drop to 5000$?and what can happen with altcoin, what coin we should hold or we should cut loss all?

[Abeleez]

I guess price will bounce back to 8500 USD during next week or so. All these indicators and averages have a huge latency, good on past data but not useful for predicting things

I said it that the downward spiral will continue for a while before strengthening to probably 9000 by next month

[Javi_Anibarro]

this news means if bitcoin price hit 7000 $ its can drop to 5000$?and what can happen with altcoin, what coin we should hold or we should cut loss all?

yeah very likely it will goes to around $5000+ when the price goes than $7000.
many people expecting a huge panic sell that will happens after it breachs those level because some people waited it for a long time already.
what will happen with altcoin ? if it keeps its price in pair of Alt/Btc(very unlikely),next year there will be another ATH i believe.
but right now i do not see it,because everything is following Bitcoin right now.
cut it if you are only losing it for less than 5% but if you are losing it for more than 10% i do not recommend it because it might goes up at any moment.

[bobo012]

Are you ready!

https://www.coindesk.com/bitcoin-closing-on-long-term-bear-indicator-not-seen-since-2014/

Scary Stuff!

It is really just speculations, they dont know any better than you. Nobody knows what will happen with the assets so easily affected by news.
We will see what happens

[tycsols]

I do not think it will be true, personally i think this is the last drop and the next wave upwards will cause the breakout from the long downtrend and we will finally see the uptrend that will continue till the end of the year with small dips and corrections. so just hold your nerves and defeat the manipulators who want to buy cheap for themselves.

[vasil777]

This fall was to be expected, but I think in a few weeks the market will recover and the bitcoin will again cost about 8400 - 8700 dollars. Now the crypto market is experiencing not the best days, bad news is beaten every day, so you should expect a fall.

[acorcos]

Are you ready!

https://www.coindesk.com/bitcoin-closing-on-long-term-bear-indicator-not-seen-since-2014/

Scary Stuff!

With all those institutional investors rushing into the crypto markets I can not see any reason why we should enter long term bear market.

[makishart]

Are you ready!

https://www.coindesk.com/bitcoin-closing-on-long-term-bear-indicator-not-seen-since-2014/

Scary Stuff!

Another FUD article sponsored by the whale! It could not be true. The article doesn't even consider about the remaining bitcoin in mtgox trustee. The indicator says another uptrend will come again soon. But i guess $6k should become the deep for bitcoin before it will be going to increase again in the future.
I just thinking if this is the difference between coindesk and cointelegraph

[Lanatsa]

Are you ready!

https://www.coindesk.com/bitcoin-closing-on-long-term-bear-indicator-not-seen-since-2014/

Scary Stuff!

Have we remembered into those days on where we do talk about that Death cross basing on the technical analysis? We do see lots of presumptions that we might able to see a very bearish trend but those things are just neglected since the price did able to withstand and do make some small pumps instead and now here we go again with technical aspects, we do see dips and possible retrace but as a bitcoin user after all these years you wont really be surprised of with these kind of news.

[patz22]

The article would be a nightmare for all us if that will happen. I can't even imagine my losses since once btc falls altcoins will follow. But the good thing is having a bearish market is perfectly fine and healthy for us and the market because it will test us with our strategy on how to cut losses or even earn from it.

[terrific]

Are you ready!

https://www.coindesk.com/bitcoin-closing-on-long-term-bear-indicator-not-seen-since-2014/

Scary Stuff!

Scary stuff? stop spreading FUD.
There's no need to be scared of or if you are totally in fear with this news.
You better stay away from the market, sell all your belongings and live happily ever after.

[crishjovi]

Yes, it's scary, but we have to face it and focus on the target. we have to take risks right now it's better than not doing the action and wait until bitcoin at the bottom. This market can recover in the short and long term and do not worry this market will not be destroyed