What the Effing Hell is Going On!?!?!

[Pipdips]

Currently it is at $10,939 with a short graveyard doji now on the 3 year chart.

Pain. Suffering. Not this again...

Or maybe I will buy more tomorrow if it goes down further. But i cant. Already overextended.

[STT]

^^ Post this graveyard doji for me and others less educated on such things please or give me a link and I'll post a picture of it.    3years is a really long time and distance to be measuring matters now, a moving average would at least include many different prices in its level.

[figmentofmyass]

Currently it is at $10,939 with a short graveyard doji now on the 3 year chart.

Pain. Suffering. Not this again...

you mean the 3-day chart?

it's not a pretty candle but at least gravestone dojis indicate strong buying pressure within the body of the candle. buying pressure is still present; we may just need some more consolidation to work through the profit taking and over-leveraged long liquidations.

right now, i could honestly see good cases being made for both bull and bear scenarios. i'm personally hoping for a dip into the $9000s before buying back but i'm starting to lose hope we'll get there. it's funny how two people on opposite sides of the market can both be in pain at the same time. that's how markets are i guess!

[Pipdips]

You people do not watch the charts? You a blind? There are bearish red candles all over the place.

Shaking in my boots.

[target]

If the chart fooled you twice then shame on you It must be disappointing for those who bought at $12K most are aiming to dump at $13k lol It stick for about 2 days on $12k. Christ the buy and sell orders are just meant to increase its price.

I did sold some of my altcoins and hold for usdt for now, it its going to dip down to $8k I'd buy back now just the coins I sold but some BTC. I lost about $300 for being late to dump though but I guess I can ignore it now that I can am gaining few.

[Reid]

He got caught from the fake pump. 

I have seen this went down for like just hours that I went away and used my smartphone as means of looking at the candlestick.
at 7/26 it was almost 13k USD and then fell at 7/27 until 11k USD.
Yes it hurts for you were like getting your hopes high and then fear of missing out added up.
Bought at the price which is so high and then cannot have the ROI.

It is a volatile market so do not worry. You are just being impatient by now and you need to control it.

[arpon11]

It's down to $10,900.  It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

The buying strength is weak and that is the reason why the market behaves that way. You bought at the wrong price based on the current bull market. Many investors are getting disappointed most time because of buying when professionals are selling and selling when professionals are buying. If you can be patient enough there is no way you are not going to recover when the next bull started again. For now, the buying sentiment is low and trades are taking the advantage to sell and buy low again. As at this moment bitcoin even went below $10,100 and it might still go down further.

[legendster]

If the chart fooled you twice then shame on you It must be disappointing for those who bought at $12K most are aiming to dump at $13k lol It stick for about 2 days on $12k. Christ the buy and sell orders are just meant to increase its price.

I did sold some of my altcoins and hold for usdt for now, it its going to dip down to $8k I'd buy back now just the coins I sold but some BTC. I lost about $300 for being late to dump though but I guess I can ignore it now that I can am gaining few.

No point in laughing at someone for their mistakes. On the hindsight when BTC crosses this year's ATH, this correction, no matter how low it sinks, will not matter.

[eaLiTy]

It's down to $10,900.  It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

The market had a crazy ride for a while and it broke all resistance for over a month and now we are consolidating and we are seeing a small correction, never expect the market to rally all the time, you made your decision to enter when the price was riding which is always a bad idea, there is nothing to regret as the market will recover again, just be patient and look for the market in the long term rather than panicking, we all expect that the market will touch another all time high valuation after halving  .

[figmentofmyass]

You people do not watch the charts? You a blind? There are bearish red candles all over the place.

Shaking in my boots.

you only feel that way because you bought the top. it's okay---happens to the best of us! but that's exactly the sort of emotional response buying before a big correction elicits. it's a classic shakeout mentality. the market is trying to shake you out.

if you zoom out to higher time frames, these red candles are pretty small in magnitude. the uptrend is intact. in % terms this is not so far beyond the downside we saw in the may correction. and we should have expected a large correction too, since this last leg up was huge. nearly a doubling in price, 85% off the $7500 low.

[LeGaulois]

CBOE announcing delisting Bitcoin Futures on Saturday is enough to make Bitcoin crashes by $3000
I expected a correction anyway, but after Bitcoin touched the $13,000 I didn't expect such a correction, rather something like $1k-$1.5k. There's also news about 500 million sold on Bitmex (or something like that) maybe it's tied too.

[Pipdips]

i just sold all my purchase for $13,600 at $10,270 taking the loss. I think we are in for a big drop. I will buy back at a lower price

Shaky. Making mistakes right now probably. Next I plan to convert all my BTC to USDC. I am out for now.

All the good news out there is not lining up with the price right now. I do not like it.

[exstasie]

i just sold all my purchase for $13,600 at $10,270 taking the loss. I think we are in for a big drop. I will buy back at a lower price

Uh oh. Did we just see capitulation? I was really hoping for a push into the $9,000s.

CBOE announcing delisting Bitcoin Futures on Saturday is enough to make Bitcoin crashes by $3000

I don't think the CBOE had anything to do with it. They announced in March they would stop listing new XBT contracts so it was essentially old news already.

[Pipdips]

I was really hoping for a push into the $9,000s.

I would like to see 9 too. If buying at 9 I would gain back my losses faster at that price. But I sense the price is going down to 8.

Truthfully I was overextended and needed the money in my bank account but who knows.

[rdluffy]

CBOE announcing delisting Bitcoin Futures on Saturday is enough to make Bitcoin crashes by $3000
I expected a correction anyway, but after Bitcoin touched the $13,000 I didn't expect such a correction, rather something like $1k-$1.5k. There's also news about 500 million sold on Bitmex (or something like that) maybe it's tied too.

3000 USD? I don't think so, at this price I would sell my car and all my stuff to buy BTC 

I was expecting a correction at 10k, but BTC reached 13.8k, so the correction will be bigger, but in my opinion will drop to something like 8,6k, nothing less

[Pipdips]

but in my opinion will drop to something like 8,6k, nothing less

This here^^  I think it is going to be a violent drop.

[BitHodler]

No point in laughing at someone for their mistakes. On the hindsight when BTC crosses this year's ATH, this correction, no matter how low it sinks, will not matter.

It surely does matter, but people however don't think it does because they are busy being upset about how they bought the top and 'lose' money now the price goes down. It blinds them in such a way that they are losing out unnecessarily.

Buying at the top and seeing the price tank afterwards is something I would see as an opportunity. It allows me to lower my average buying price by buying the dip so that I reach my break-even point much sooner.

In my opinion the market as a whole is still bullish, but people need to understand that corrections and consolidation phases are common in every market. What did people think, that the price would reach $20k next week?

[o_e_l_e_o]

Pain. Suffering. Not this again...

Already overextended.

Shaking in my boots.

i just sold all my purchase for $13,600 at $10,270 taking the loss.

Truthfully I was overextended and needed the money in my bank account but who knows.

I say this with the best will in the world, but perhaps trading crypto isn't for you. A correction was pretty much inevitable after such a rapid price increase. Despite this, you overextended and put in more than you could afford to lose, saying that you "needed the money" back. Despite the inevitable correction, when it came you panicked and sold at a loss.

There was a period of 6 months where the price was $3-$4k. That was the time to buy, not after a parabolic run up to $13k. You bought at the worst time, and then immediately sold at a loss when the run didn't continue. I'm not trying to be cruel, but trading might not be for you, and if it is, I would suggest you spend a lot more time learning about it first with much smaller amounts of money. If at any point you are "shaking" when thinking about your money, you have put in way too much.

[El duderino_]

It's down to $10,900.  It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

Good you mentioned, so we know you very new in here and with BTC, one of the first rules when you are buying in these stages, don't only be price driven and learn more about bitcoin, this forum is full of good stuff, good advices etc

Just learn and meanwhile keep buying BTC every week or month for the same amount of FIAT whitout watching the price.... HODL what you bought and think long-term,  while learning the long term perspective....  the just think long-term will be switched into an obsession of BTC, where you will find the struggle to just try increasing stash as fast as possible ---> here you will become a coiner, as you will try to use BTC for more daily stuff etc, you will experiment with it and thats how it has to be

Embrace BTC

[1Referee]

CBOE announcing delisting Bitcoin Futures on Saturday is enough to make Bitcoin crashes by $3000

Old news, but more importantly, very good news because CBOE no more listing fake Bitcoin futures means that people can't short Bitcoin without owning any coins themselves.

There's also news about 500 million sold on Bitmex (or something like that) maybe it's tied too.

Liquidated shorts, which isn't anything surprising with how the price went up to levels people wouldn't be able to guess beforehand. Bitmex has had hundreds of millions of short liquidations before. It's not an unusual occurrence.