Downward Trend

[eaLiTy]

A pullback to 2k ish would help to go parabolic in 2020! Even me as an "early" adaptor and hodler since 2014 would consider to buy some more coins for 2k with all I have saved over the years.

Are you serious about the pull back to 2k levels  , if so you need massive FUD that could create fear among major investors and then you might achieve those valuation    but it is highly unlikely to see a valuation below $6000, people who thought they have missed the boat after seeing the huge rally will jump in seeing the correction and there is no way that the price will go down beyond what i said even if there is major bad news regarding regulation in some third world countries  .

[exstasie]

A pullback to 2k ish would help to go parabolic in 2020! Even me as an "early" adaptor and hodler since 2014 would consider to buy some more coins for 2k with all I have saved over the years.

Are you serious about the pull back to 2k levels  , if so you need massive FUD that could create fear among major investors and then you might achieve those valuation

We didn't need massive FUD to take prices to $3K. What's another 35% drop from there? Doesn't seem impossible to me! Improbable based on the magnitude of demand seen this year, but definitely not impossible.

My personal opinion is we won't see anything below $7,500 again. That's assuming we've entered a new secular bull market.

[jrrsparkles]

Is current crypto downward trend only temporary?

Everything is temporary or nothing is permanent and this very much suitable for crypto prices as well.

We saw $14000 at most in the price raise of this year but it only stayed for less than a day so we need to call it as temporary but the price drop is not going to keep continue we met the $10K below and now at $11K nalry so the situation keep changes.

[STT]

Really bouncing up against a ceiling of weekly averaged price which would make BTC action still quite buoyant.   If we pull out further on the graph then still, we have yet to break the daily trend of rising prices.    I'm interested in downward trend and will keep looking but so far it aint happening just sideways

[Ziskinberg]

Really bouncing up against a ceiling of weekly averaged price which would make BTC action still quite buoyant.   If we pull out further on the graph then still, we have yet to break the daily trend of rising prices.    I'm interested in downward trend and will keep looking but so far it aint happening just sideways

You are right, Bitcoin seems already back, as of this writing, Bitcoin already hit $11,879.39 posting a 10.33% already.

The bigger it falls, the harder it also bounce back, this is the bullish Bitcoin that we know.
ref : https://coinmarketcap.com/currencies/bitcoin/#markets

[boyptc]

I'm interested in downward trend and will keep looking but so far it aint happening just sideways

Many wants to have more while we're on the downtrend but tonight is a good night.

Price is trying to break through $12k once again.

[Natalim]

I'm interested in downward trend and will keep looking but so far it aint happening just sideways

Many wants to have more while we're on the downtrend but tonight is a good night.

Price is trying to break through $12k once again.

It broke $12k already, 24 hours high in Binance is $12,000, see here - https://www.binance.com/en/trade/BTC_USDT

[onrise]

Is current crypto downward trend only temporary?

It was a normal one, as we faced extremely upward trends.
A correction was needed in order to bring the market in a normal level. However, I don't really know what it happens with altcoins. They should follow so sharply the downturn.

Market is back up and those who had sold in hastily are now repenting as it has reached to 11700$ now and thus will rise and cross 12k. So those who had bought at dip time have made money now and if hold it will continue to grow their money from this market as it is growing and will move upwards easily.

[wwzsocki]

Bitcoin is the most volatile cryptocurrency and is not easy to trade. One has to have a strong mind to not panic sell on deeps which can wipe off 40% in a few hours.

To say BTC will go up or down in actual market condition is a pure gamble.

All indicators and all charts on different time intervals show different readings and even experienced traders having hard times to predict something.

There are exactly equal chances that BTC will go up or down and nobody knows if this will be fast or slow.

This is sure that we are in a very exciting moment in the Bitcoin price history and coming weeks will bring us needed answers to our question, what next?

[STT]

It broke $12k already, 24 hours high in Binance is $12,000, see here - https://www.binance.com/en/trade/BTC_USDT

Right now I see the price in red because since midnight we pulled back at a bit but thats false perspective I guess as the chart itself shows us climbing higher above what could have been resistance.    We're above the 8 day trend and also a channel which I thought might cap our gains for the moment.   Last time we climbed above the roof like this we took off to 13k because there is little price action in this area compared to sub 10k



So long as we're above 11,500 I assume we are very positive.   I cant really look for negatives till we close below that point on a 4hr bar at least

[veleten]

the answer is - we do not know
ABC correction , downward trend or just a calm before the storm - only the time will tell
a few days ago only an intervention of some buyers helped the price not to drop below 10.000 mark for long , it crossed it and was at 9890$ for a moment
now it is steady (sic) in the 10.500-11.500 area and seems that the volumes are not high enough to move it any way up or down substantially
I hope it stays here for the time being , much better than the 5.000$ mark , isn't it ?
in any case , long term holders do not care much about a 1-2-3k growth or fall in price

[Siren]

Is current crypto downward trend only temporary?

Obviously Yes mate,were still in bull market as you can see so nothing in particular that we can say downward is bearishness of market again since that’s not true for now

And I believe that correction always follow the uptrend so basically this maybe a correction from the pump or $14,000 recently while we still sits are $11,000-12,000 respectively

[Pipdips]

It is at $11,500 right now but I speculate it will move down to $9,500 in the next few days.

[exstasie]

It is at $11,500 right now but I speculate it will move down to $9,500 in the next few days.

If sellers can take it down through $11,300 (the last bull flag support) and hold it there, I'm inclined to agree, at least for a retest of the $10K-$10,300 area. The last two times we've corrected during this rally, we held below the 20-day MA and consolidated. Right now the 20MA is near $10,900.

$8,800-$9,100 is the most interesting target area to me, but I'm not even convinced we'll see $10K again yet.

[Yamifoud]

It is at $11,500 right now but I speculate it will move down to $9,500 in the next few days.

I'm not getting into the negative side. Indeed, we are in the bull run stage and prices will surely be soaring high back again just like it did in many previous bull runs. It may be we have that price after the bullish but for now, it looks like it never happens. Let us be heated the bullish market and not thinking the way it fall.

[Barbut]

It is at $11,500 right now but I speculate it will move down to $9,500 in the next few days.

I'm not getting into the negative side. Indeed, we are in the bull run stage and prices will surely be soaring high back again just like it did in many previous bull runs. It may be we have that price after the bullish but for now, it looks like it never happens. Let us be heated the bullish market and not thinking the way it fall.

Volatility in the crypto market is a perfectly normal thing, we can`t expect non-stop increasing prices, it`s ridiculous. What makes the difference between making and losing money is the ability to recognize the trend and act accordingly, buy in bullish and sell in bearish trends. Being positive or negative doesn`t change anything really, some people call for a price to drop under $10k so they can buy again, the same people who sold at $12k.

[virasog]

Is current crypto downward trend only temporary?

Obviously Yes mate,were still in bull market as you can see so nothing in particular that we can say downward is bearishness of market again since that’s not true for now

And I believe that correction always follow the uptrend so basically this maybe a correction from the pump or $14,000 recently while we still sits are $11,000-12,000 respectively

The real bull run has not started yet. Bitcoin is stable between 10,000$ to 12000$ and we are again in the accumulation phase. Once we would have enough accumulation of bitcoin then we might see another pump of bitcoin which will take bitcoin above 15K.

[Ziskinberg]

It is at $11,500 right now but I speculate it will move down to $9,500 in the next few days.

It hasn't move below yet, but I'm afraid it will move down as it struggle to rise over $11500 again, but I hope you and I are wrong, I like bitcoin to finally stabilize at $12,000 this month.

[Ahimoth]

It is at $11,500 right now but I speculate it will move down to $9,500 in the next few days.

It hasn't move below yet, but I'm afraid it will move down as it struggle to rise over $11500 again, but I hope you and I are wrong, I like bitcoin to finally stabilize at $12,000 this month.

I seen the price stabilize at that range of $11K but not moving some bigger increases. The situations needs enough time to develop a better price increase in order to achieve another rising trend.

[lienfaye]

For bitcoin yes its only temporary, looking back how the btc progress this year we can say even the price plunge to $8k-$9k its still good enough since we started at $3k in the first quarter thus dont think this downtrend as negative.

For altcoins unfortunately some of these coins will remain in their current status so it might not temporary, if they cant manage to increase then it will stay at the bottom unless there's a big news that can affect their price.