somebody pulled the flush yesterday

[Moiyah]

We are not new to this kind of pulled. It is not surprising at all, we are in crypto world where the market can be manipulated possible by whales who owns thousands of bitcoin. They pulled the trigger then let them be. As long as we are not panic selling and panic buying when that happens. As long as there are corrections in the market, probably not to worry about.

[STT]

If it loses this area without much a contest it should show up as further selling I think.      This is the 33 day average forming the ceiling to pricing over today.   Every bar is 4hr and its failed to regain any momentum to the upside so far hence market shows little desire to rise at this time.

[prophetx]

If it loses this area without much a contest it should show up as further selling I think.      This is the 33 day average forming the ceiling to pricing over today.   Every bar is 4hr and its failed to regain any momentum to the upside so far hence market shows little desire to rise at this time.

monday is payday and banks open so lets see what happens

i agree tho that if it doesn’t bounce in the next 12 hours it’s gonna test new lows

[marcbitcoins]

We shall not put all the blame to weak hands and we should not praise the big whales either. There are lot of reasons of why the market is constantly fluctuating like the corrections in the middle of real demand and some hacked exchanges in which stolen cryptos are being sold creating panic but we shall not blame the weak hands only as some times that you keep on holding but the market keeps on falling losing your opportunity to sell making you to confuse on every market movement.

[Red-Apple]

We shall not put all the blame to weak hands and we should not praise the big whales either. There are lot of reasons of why the market is constantly fluctuating like the corrections in the middle of real demand and some hacked exchanges in which stolen cryptos are being sold creating panic but we shall not blame the weak hands only as some times that you keep on holding but the market keeps on falling losing your opportunity to sell making you to confuse on every market movement.

i have no problem with fluctuations, corrections, rises or drops. and i am not blaming that part of the market. i am blaming what comes after the correction, after the rise,... the panic buyers and panic sellers that create the huge volatility and open room for manipulators to enjoy big profits that they take out of their pockets.
and it is not about holding either, it is about selling at the correct time and if that time was missed not selling anymore. the panic sellers sell when the sell is done and drop is over and cause the drop become sharp and look like a big ass V

[STT]

i agree tho that if it doesn’t bounce in the next 12 hours it’s gonna test new lows

Disappointing to me is that it did bounce however I still think on the daily trend and some other measures it can turn bearish here.   To do so now after already rallying and wearing some buyers out would produce that OP flush mentioned.

For the bearish view 11,500 would be the last fight but mostly I think it should stalling on this daily bar not still edging up but I dont have all of the picture.   Maybe Japan and Korea decides the fates of BTC

[prophetx]

i agree tho that if it doesn’t bounce in the next 12 hours it’s gonna test new lows

Disappointing to me is that it did bounce however I still think on the daily trend and some other measures it can turn bearish here.   To do so now after already rallying and wearing some buyers out would produce that OP flush mentioned.

For the bearish view 11,500 would be the last fight but mostly I think it should stalling on this daily bar not still edging up but I dont have all of the picture.   Maybe Japan and Korea decides the fates of BTC

I agree it’s a very weak bounce at the moment

[exstasie]

I agree it’s a very weak bounce at the moment

Stronger than anything we've seen since the top on July 10th. That was a $1,200 daily bar.....nothing to sneeze at. But its true, bears are still in control as far as the 4H-daily trends. Looking at the daily chart, if bulls can break and hold above $11,500 then it's bullish and I'm inclined to say we won't make new lows. It's up in the air for now.

[Red-Apple]

these are the steps now to "trap the bears" and practically perform the last squeeze on the market and see how much blood gushes out of it.
this bear trap stage is the most common thing that happens after the initial take off and first sell off was done and here in bitcoin we have that mixed with some panic. then comes the next stage of the big rises.
...and it is the same thing we had before the previous ATH happened back in 2016

[South Park]

i have no problem with fluctuations, corrections, rises or drops. and i am not blaming that part of the market. i am blaming what comes after the correction, after the rise,... the panic buyers and panic sellers that create the huge volatility and open room for manipulators to enjoy big profits that they take out of their pockets.
and it is not about holding either, it is about selling at the correct time and if that time was missed not selling anymore. the panic sellers sell when the sell is done and drop is over and cause the drop become sharp and look like a big ass V

While I understand your discontentment with those that are selling their coins at the worst possible time, if it was not for them then it will be impossible for traders and investors to make any profits since everyone will be taking the right decisions all the time and no one could beat the market, the only thing we can do is to try to educate those that are willing to listen and to improve themselves, but what about the rest? There is nothing we can do for them, despite what they say their actions clearly indicate that they love to lose money.

[sana54210]

Guys, this will keep happening until we are finally over 20k and will continue to happen even afterwards for a while. There has been a lot of people who have bought bitcoin at over 10k and they have been waiting for years to finally cash out without a loss or with minimum loss (maybe even profit) so they are bound to ruin the bull hype train a bit in order to make their money back.

Anytime we reach 12k+ prices they will keep selling their coins to get their profits they have been waiting for so long and that will continue to do so until there are no more sellers from that era of bitcoin. When we are finally done with them we can easily go back up in price and reach even higher levels, until that happens though we are going to just keep going up and down for a long time.

[Lanatsa]

Guys, this will keep happening until we are finally over 20k and will continue to happen even afterwards for a while. There has been a lot of people who have bought bitcoin at over 10k and they have been waiting for years to finally cash out without a loss or with minimum loss (maybe even profit) so they are bound to ruin the bull hype train a bit in order to make their money back.

Anytime we reach 12k+ prices they will keep selling their coins to get their profits they have been waiting for so long and that will continue to do so until there are no more sellers from that era of bitcoin. When we are finally done with them we can easily go back up in price and reach even higher levels, until that happens though we are going to just keep going up and down for a long time.

Its a market which is composed with sellers on buyers where we cant just see on continuous rising price.There would always be a sell-off and people

who are just being hyped up on that sudden price increase a month ago believing that we would reach up ATH too early then as I expected it wont really be that easy.
This would be still the same bumpy road we had experienced in the past and on future years to come.