second half of november was definately a bloodbath for bitcoin 2k usd loss

[KingScorpio]

per bitcoin thats almost 30% no way there will be a revival of that, the market is decentralising again but this time away from bitcoin

regards

[Valhalaa]

on my Trading analytic , now on my indicator RSI ,and Stoch RSI still on dip
maybe bitcoin revival still far away from here , maybe next year on q2/q3 on 2019. and will bullrun there
i hope my analytic is true soon
but at least now i bought some BTC for long term

[adaseb]

on my Trading analytic , now on my indicator RSI ,and Stoch RSI still on dip
maybe bitcoin revival still far away from here , maybe next year on q2/q3 on 2019. and will bullrun there
i hope my analytic is true soon
but at least now i bought some BTC for long term

With BTC don't trust the RSI and bearish/bullish divergences. They are lagging indicators and they can remain low and go lower and price can keep tanking.

We had a multi-bull-divergence and eventually at $3500 it bounced however if you went long at the first divergence you would be sitting at a huge loss.

Same with the RSI, people didn't think it would go lower but it did and I think you would be at a -$1000 loss in price if you initially entered your trade.

[Slow death]

This:

" second half of november was definately a bloodbath for bitcoin 2k usd loss "

Is one more of your post to scare people

per bitcoin thats almost 30% no way there will be a revival of that, the market is decentralising again but this time away from bitcoin

regards

even if the price goes down to $2000, with time it will recover, it may take months or years but it will recover because more people will buy bitcoin, the problem is that people want the price to increase very immediately, but due to pressure of governments and banks is difficult for many people to buy bitcoin, but this situation will improve in the coming months and years as more talk about bitcoin

[sorrysteve1]

If you look at almost any bubble that has burst in the past you'll see that almost always the price will hit a significant previous support level and then normally go marginally below it before the recovery begins. I believe that that level for bitcoin is around $3000 so there isn't much more for the price to drop. But the market can then recovery gradually as it has done many times before.

As for a 30% loss in just 2 weeks that's barely anything for bitcoin and is easily recoverable. Apple shares lost around 20% in the same time period, are you going around saying that apple will never recover?

[buwaytress]

Just when I thought we would see through the year without yet another mention of bloodbath haha. To be fair, yeah a 50% drop was some form of panic inducing moment and sure 90% across the board for the rest of crypto so maybe that qualifies as a bloodbath.

But when Bitcoin has had plenty of crashes to beyond a tenth of its ATH, and with no real signs of capitulation outside of price, what blood is there to bathe in?

[bitbunnny]

The end of this year is definetely opposite to all expectations that many users had. Many thought the price will rise similar to the end of last year scenario but just the opposite happened and thus the shock was probably even bigger.
But we can't escape current situation and the best thing at the moment to be patient and wait for development of situation.

[Idrisu]

This type of market conditions happened time to time and since inception of bitcoin and others cryptocurrencies it has been about fluctuation and volatility.  If you want to invest into cryptocurrencies know that it is a very risky market and you should not go into it without proper and adequate knowledge about the market.

[cellard]

I have a symmetric triangle drawn that im following on the 4h chart and it's testing the lower end, still not tested but about to, if it breaks I would expect it to go lower but there's still hope that it manages to break to the upside. It will be decided within the next 72 hours I would say.

If I had to guess, I think we are going higher and sub $3k prices will come in 2019 after the latest panic sellers leave, right on time for big pockets to enter for Bakkt. Then Fidelity, ETF + Halving with skyrocket it within the next 2 to 3 years and people will kill themselves at not buying at current prices.

[ausbit]

There is always a bloodboth going on in crypto world. This was one of the big ones that affected all of them however when the price is doing great for big coins like bitcoin and ethereum and so forth people usually miss out on the fact that there are some coins that went down 50% even during bull months so expect the crypto world to be bloody like that. Sometimes all coins go up and you want to take advantage of the bull market and get some obscure small coin and that goes down even while all others go up. This was a big bloodbath because almost everything went down but if you check year to date there are some good ones out there that didn't lost as much as the others and has a great potential to break all time high even with the smallest bull run. Not all coins are reacting the same to these news.

[Wilhelm]

OP we've survived worse... 

[sorrysteve1]

I have a symmetric triangle drawn that im following on the 4h chart and it's testing the lower end, still not tested but about to, if it breaks I would expect it to go lower but there's still hope that it manages to break to the upside. It will be decided within the next 72 hours I would say.

If I had to guess, I think we are going higher and sub $3k prices will come in 2019 after the latest panic sellers leave, right on time for big pockets to enter for Bakkt. Then Fidelity, ETF + Halving with skyrocket it within the next 2 to 3 years and people will kill themselves at not buying at current prices.

What level is that support at? If we follow loosely follow any previous crashes we are already around the price level we need to be (80%) drop and we'll stick in this range for some months before a slow climb back to the previous ATH. I think this time a recovery could be potentially quicker due to the upcoming events you spoke of, on the other hand it will require more to move the price from $3k to $20k than it did from $200 to $1000.