BTC movement after today flash crash

[davinchi]

I think we are always grateful when the price goes up but it makes no difference if its going to go down again, I mean there are people who bought over 13k recently and they are still waiting for it go back up those levels and than some, so if the price goes from 9k to 11k that is amazing but it would make no change if it goes back down to 9k once again, we are not happy when it goes to 9k and if it goes down even more that is of course more upsetting than reaching to 11k but just because bitcoin didn't go down doesn't mean the up was enough, it wasn't enough and it would have to be like 20% more to actually make a difference in peoples life's a bit.

Hence, we are of course happy that it went up but we need it go up even more to make up the loss we have made recently (thankfully I didn't buy there myself personally but thats the general train of thought).

[michellee]

It seems bitcoin price is hard to increase higher because this day, the bitcoin price is turn around in that price and cannot break $12k although we already reach that price before. But I still waiting for the bitcoin price to increase and break those price so bitcoin price can make a new rally to the highest price. Still, we can see the bitcoin price will increase and decrease, especially after the price increase to the higher price.

[suzanne5223]

Hello,

what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?

You're right about the market to experience a surge in price after the dump but the market will experience some slightly dump in price this weekend before it gets over $12K price range.

I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.

S.

Actually, you don't need to get tired of the market crash because every market trend have its own advantages but most crypto holders and investors are always about the uptrend.

[The Sceptical Chymist]

People really call these flash crashes now? How soft have people become.

Seriously.  But they are actually flash crashes; it's just that bitcoin tends to be this volatile as its norm, and new investors who haven't looked at a 5-year price chart may not have realized just how crazy the price swings can be. 

It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.

Bah.  Just hold tight and the price will return to where it was and probably higher.  Hopefully you didn't buy bitcoin right at the top, wherever that was.  I haven't been watching it too closely as of late and did not even realize it had hit $12k.  That's something else if it did, and it's probably going to head toward its ATH of $20k or whatever it was back in 2017. 

[dunfida]

People really call these flash crashes now? How soft have people become.

Seriously.  But they are actually flash crashes; it's just that bitcoin tends to be this volatile as its norm, and new investors who haven't looked at a 5-year price chart may not have realized just how crazy the price swings can be. 

Indeed! People who do commonly make these comments are those who havent seen  up the chart of BTC.If they do then they wont be surprised if how things goes here on this market.
Flash crashes can happen anytime or huge price swings and this what makes bitcoin too to be a popular thing and a good place for traders to make money on.
So if we are just new to this market then better we get used to it and not stress our self out too much into these movements.

[SquallLeonhart]

It seems bitcoin price is hard to increase higher because this day, the bitcoin price is turn around in that price and cannot break $12k although we already reach that price before. But I still waiting for the bitcoin price to increase and break those price so bitcoin price can make a new rally to the highest price. Still, we can see the bitcoin price will increase and decrease, especially after the price increase to the higher price.

During the stage of correction, we should have already notice that bitcoin is always struggling so hard to break barriers, and the fight between the bulls and the bears are always string, the bears may succeed to take over the market for sometimes but when the bulls really charge, we could see them running so fats like there is no destination.

I think that we should not worry about some of these corrections, we just have to make sure that we buy at dip and then wait for the bears to do whatever they have to do, it won’t be long before the bull take over the market again, and I am sure that this time around, if they succeed to take over the market, their next target before they rest again would be for something that is very close to $15,000.

[STT]

A proper decline comes after a break of range, so I think quite clearly we are in a box right now bouncing back and forth within it.   To really move and justify headlines like this thread title we got to do something different, put either bulls or bears off balance make a little upset and have to rush to do something.



These are just 5 minute bars and we are fairly aimlessly wandering even though the peak and low are not that close.