Where next? Preparing the ground for the big players!

[EXtremeAEX]

Nobody will tell you what will happen next. Everyone just has their own assumptions, which can change several times during the day depending on the current situation.
Personally, I suppose that the general price reduction will continue in the near future. The situation with Bitcoin cash continues to negatively affect on the course of Bitcoin. But if look at the picture as a whole, I suppose that at some point the price will push off and start to grow rapidly.

[AlutBitcoin]

The market is dropping big now. But i have always high hopes that the market will still recover soon. If the market did not recover this year. Next year will be the year of cryptocurrency.

Exactly. Keeping your hopes high, this is only solution to be survive in bitcoin world. Because when you are trader and things are going quite against your planning, so there this hope thing much needed.

[lovesybitz]

We are approaching an important event, ETF applications will be considered at the end of September.
Next, we have a more positive news background: Mike Novograts said that the market finally passed the "bottom" - https://forklog.com/izvestnyj-bitkoin-investor-obyavil-chto-dno-projdeno/
Then the American holding Morgan Stanley intends to launch a new tool – bitcoin swaps, and so on! - https://forklog.com/bank-morgan-stanley-gotovit-k-zapusku-bitkoin-svopy/

We all also look forward to the bitcoin ETF review process. It will take place on September 30, but recently the SEC postponed consideration of applications from new York companies Vanek and Solid, due to lack of data from interested in the approval of people.


From the point of view of technical analysis, we begin to shrink in a triangle, the probability of breaking in the direction opposite to the expected is equally equal, despite the positive news.

Ah that friends. Just a couple of days all the nerves. Bitcoin broke your stress level 6000! What will happen next?

                                                                                                                         BTC

                                                                                                           Updated schedule

The way I look at the chart graph it was still confusing in my part to predict what is gonna be its price again. Although, I knew it will increase
but the problem is I don't know when and that what's everybody thinking the same thing with mine. So, as long as the market at the present time is not yet stable people now in this community can do bearish or if they want safest thing perhaps bullish is a good one.

[osmo]

it's hard to predict, but for now the trend of bitcoin maintenance prices is down, I can do it upwards, this year is the hardest year for bitcoin holders. Although there is a lot of negative news about bitcoin but I am still loyal to Bitcoin.

[South Park]

For what I can see , it will continue dropping and now it's testing on how much your loyalty on crypto.
Personally I keep hold as long as possible because I've hold btc since 2014 ( $ 299/btc ) so yeah I'm still in profit at the moment.

The profit I obtain not as much as Nov 2017 and that's my risk for it

I agree with this, this is a test to your loyalty and about how much you believe in cryptocurrencies, some see the challenge ahead of us as a technical problem or as a test to their skills as traders or investors but I see it in the same way as you do, this is a test about how much people really believe in this market and how willing they are to keep holding their coins despite the bad circumstances.

[nhattori27]

Many people have been saying that the market will go into bull run at the end of this year, so the downward trend would probably continue for some time before the market rebounds.

[Jahmal32]

There are 2 major support levels with $3600 being the strongest. BTC can reach to that point. But I think it will rally up temporarily before making another dive and then there would be some relief as all the panic sellers must be shaken off. With BAKKt launch getting postponed, I don't see any relief happening anytime soon. Maybe the Q1, 2019 would be a trend changer.

But you notice that on different exchanges bitcoin price is different, and quite a big difference. On the Bitfinex exchange it costs 3900, and on Coinbase 3750. I rounded it up a bit, but the point is clear that the difference is hundreds of dollars. And when the cue ball fell to 3600, it cost 3400 on Coinbase. And the level there is not much smell. There is a level of 3,000, everyone can see it.  Plus Bakkt is not such an important news, but rather one of the important. Now a lot of banks are connected to the system, offer their services for the storage and purchase of cryptocurrencies. Prepare the ground for the big players.

[ufaiz50]

I have not received a signal or information about a big player so far, even if big players still believe and are waiting underground to take bitcoin, I can only follow the flow, preparing myself under any circumstances is the most important and lacking in big expectations.

[Jahmal32]

I have not received a signal or information about a big player so far, even if big players still believe and are waiting underground to take bitcoin, I can only follow the flow, preparing myself under any circumstances is the most important and lacking in big expectations.

Well, you do not think that he will officially tell you that he is going to buy bitcoin. We can see it on the chart. In the form of consolidation and volume.

[CryptoF007]

Unfortunately this will be a big redistribution of welth from poor to rich... Big players are preparing the ground to invest in cryptocurrencies, probably throughout 2019.
The big loosers will be people who will only start investing in last phases, and the ones who burnt themselves in last phases of 2017 and throughout 2018 and are already out of the market, and don't want to hear about crypto untill it proves to them that it is there to stay for good (again late phases, before next crash)...
You need to be a contrarian and ready to risk to lose, to come out of this game as a winner...

[candy69]

I believe the current market crash has been engineered by big players, they would buy heavily during this dip and sell when the market pumps again in future. In this way, they gain big profits.

[WackMack]

I believe the current market crash has been engineered by big players, they would buy heavily during this dip and sell when the market pumps again in future. In this way, they gain big profits.

I also believe that the current decline was made so that large investors could buy cryptocurrencies at an attractive price.

[astridwi]

something a little horrible has happened a few days ago, that is, the price of BTC dropped far to reach $ 3800 and this made all predictions damaged, now all that is needed by everyone and the market is price recovery to be better than now, leave FUD, increase utility public that supports crypto repairs and other real forms that can make crypto better very much needed at this time, so that crypto can give us an advantage

[sgenuine]

It's hard to say, market is kind of unpredictable at the moment. To my.opinion some further corrections are possible but I don't think the price will go under 4000$. Such situation of ups and downs in price might continue untill the end of this year. Some kind of price recovery and some maybe more significant price rise we can't expect before of the begininig of the next year. But I'm always an optimist and hope for the best.

I suspect that the dump is over. The bears are ready to leave the market. It will be the period when everybody will be preparing to see the bulls and get profits finally. I suppose it can happen in December.

[readygoaw]

I believe the current market crash has been engineered by big players, they would buy heavily during this dip and sell when the market pumps again in future. In this way, they gain big profits.

It looks like the truth. The richest investors simply want to add more cryptocurrencies to their wallets and earn millions when the market goes up. They were interested in buying the crypto for less money.

[gamalzour]

We don’t know yet, but there have been a lot of news going round that there is going to be an increase soon, especially Bitcoin and Ethereum, that’s what I have read from several sources. Before the price meltdown I was able to read about that from a particular source, can’t remember if it was Cointelegraph or CCN, but it did worked as they said. Now I’ve been the same about price going up, and it’s sure to happen anytime soon.

[GrayFullbuster]

The market is still in the bear market but there are now patterns that the bull market will occur. We all knows that whales can manipulate the market so we should be prepare to the next bull run. We should now have a lot of strategies and techniques that we can use.

[Smart_cat]

Hi, guys!
What is your strategy while the market is that bad? Do you sell/hodl/trade?

I'm thinking of trying trading competition, like Binance did last year. The coins are cheap and who knows, maybe I'll win sth.
What's your view on this? Do you find trading contests with Lambos and Porsches just a waste of time?
Would be glad to hear you comments.

[Jahmal32]

Hi, guys!
What is your strategy while the market is that bad? Do you sell/hodl/trade?

I'm thinking of trying trading competition, like Binance did last year. The coins are cheap and who knows, maybe I'll win sth.
What's your view on this? Do you find trading contests with Lambos and Porsches just a waste of time?
Would be glad to hear you comments.

I think this question can be asked in a separate branch. Because there is a little bit different. It is necessary to adhere to the rules! Well, what about trading contests, it's a cool thing.

[A L I E N]

I believe the current market crash has been engineered by big players, they would buy heavily during this dip and sell when the market pumps again in future. In this way, they gain big profits.

I also believe that the current decline was made so that large investors could buy cryptocurrencies at an attractive price.

Bingo! The biggest players made everything they could to let the prices of the main cryptocurrencies fall so greatly. Now they can easily buy more crypto, especially Bitcoin and Ethereum, and pay for it less.