It's still going down (Oct 26, 2019)

[Pipdips]

Even though price of BTC bumped up yesterday from $7,400 up to 10,400.  Price is still in a downtrend.
 
I am not too optimistic just from one day of big green candles along with some announcement from China.

Heavily manipulated it is, more and more every day. Good bye.

[Quidat]

Even though price of BTC bumped up yesterday from $7,400 up to 10,400.  Price is still in a downtrend.
 
I am not too optimistic just from one day of big green candles along with some announcement from China.

Heavily manipulated it is, more and more every day. Good bye.

If you've been here on this market then these kind of events arent that shocking.We have seen countless news that
do give out either some fud or fomo and anytime the price might react or not on that certain time.We've seen how this
market move likes waves and  even we do say that its manipulated all the time then just bear with it and utilize those
movements to make some profits.

[Tipstar]

Even though price of BTC bumped up yesterday from $7,400 up to 10,400.  Price is still in a downtrend.
 
I am not too optimistic just from one day of big green candles along with some announcement from China.

Heavily manipulated it is, more and more every day. Good bye.

This manipulation is how people make money. Bitcoin was stable for a while and it did a sudden dive below 7.5K and again rose to 10K. The masterminds of this setup bought cheap and sold high. Now the market would again return to the previous pricing around 8.5K. It's just a pump and dump to fool small investors.

[ecnalubma]

Thats how big investors make money in this kind of unregulated market. If you have sold at panic then probably you are going to hate this, I don’t see this a natural growth. As usual those that were so emotional lose this game.

[electronicash]

Even though price of BTC bumped up yesterday from $7,400 up to 10,400.  Price is still in a downtrend.
 
I am not too optimistic just from one day of big green candles along with some announcement from China.

Heavily manipulated it is, more and more every day. Good bye.

This manipulation is how people make money. Bitcoin was stable for a while and it did a sudden dive below 7.5K and again rose to 10K. The masterminds of this setup bought cheap and sold high. Now the market would again return to the previous pricing around 8.5K. It's just a pump and dump to fool small investors.

probably not a pump and dump this time. yesterday i think was the action brought by fomo. price will still dip so its too optimistic to believe it will continue to rise without slight dips. by his name, OP sure knew this since he sure isn't knew it trading. many of the holders will still sell but many will check whether they can buy at a lower price than the peak price yesterday. 8.5 would be a good price already to buy.

[exstasie]

Even though price of BTC bumped up yesterday from $7,400 up to 10,400.  Price is still in a downtrend.
 
I am not too optimistic just from one day of big green candles along with some announcement from China.

Heavily manipulated it is, more and more every day. Good bye.

I respectfully disagree. It'll take several more weeks to confirm a weekly/monthly uptrend again, but I'm fairly confident the structural low is in.

Where you been, by the way? You planning to hibernate during this supposed bear winter?

[samson]

I expect a continuation of the downtrend.

[figmentofmyass]

I expect a continuation of the downtrend.

i'm glad there's still plenty of bears and pessimists around. that's how markets look when they begin climbing the wall of worry.

even if this is a dead cat bounce and we're still stuck in a larger downtrend, the rally took impulsive form, so i expect another impulsive leg up into the $11000s.

[Pearls Before Swine]

If you've been here on this market then these kind of events arent that shocking.

Thank you, you saved me from writing the same thing.

I'd like to point out that btc is now at $9200 whereas yesterday it was below $8000 (or the day before).  Apparently I was sleeping when it shot past $10,000 this time but I'll take op's word for it that it happened.

And market manipulation?  I hear that claim every single time bitcoin does something dramatic, but there's never any hard evidence of it presented.  Sometimes the bulls just run rampant, and other times the bears come out of hibernation.  At least when either one of those things happens it's better than if both were asleep.  Good times in bitcoinland right now.  I can't say I'm disappointed with where the price is at, but my main concern is whether it can hold on.

[1Referee]

We are literally minutes away from an extremely bullish daily close above the 200MA. If it confirms, then there is no longer any point for people to be bearish.

The only thing I do expect is some sort of a wick down when CME opens to fill up the gap left between their friday close and where the price is when they open up. If that turns out to happen, that will be an exceptional buying opportunity in the runup to the test of $14,000 and perhaps beyond. We'll have to reasses the market structure when we get there.

Choo choo........  

[boltz]

Funny how some of you still waiting for Bitcoin to go even lower ? Isn't it low now ? I think it is. Its like after 2014 pump coming from 1200 to 450$ and you still want for it to go to 120$ which never happen. So now you wait for Bitcoin to give another opportunity to go under 7k$ to make your buys ? But what have you done when it was 3k$ ? You waited for it to go to 2k$ am I right ? I think I am.

Appreciate that Bitcoin still gives opportunities for all of us to buy under 10k$ and that is half of the price since the ATH of 2017 December. In my opinion the green candles from last night proved that Bitcoin will slowly rise until the halv occur.

[Febo]

Even though price of BTC bumped up yesterday from $7,400 up to 10,400.  Price is still in a downtrend.
 
I am not too optimistic just from one day of big green candles along with some announcement from China.

Heavily manipulated it is, more and more every day. Good bye.

Bitcoin is heavily manipulated.When goes up and when goes down. But in general trend is stable. Not going either up or down much but stay where it is for half year.

[Oasisman]

Everytime Bitcoin rise above 20% change in just 24hrs or 48hrs, continued downtrend after will be expected. Because some retail investors also are selling their Bitcoin at that range, most specially if they're looking for a short selling. Some bought at $7,500 level and sold it at $9,700-$10,000.

I wont even be surprised if this downtrend continues to $8,000 level.

[mascherono]

Everytime Bitcoin rise above 20% change in just 24hrs or 48hrs, continued downtrend after will be expected. Because some retail investors also are selling their Bitcoin at that range, most specially if they're looking for a short selling. Some bought at $7,500 level and sold it at $9,700-$10,000.

I wont even be surprised if this downtrend continues to $8,000 level.

Yeah, according to the market trend $8000 is possible to reach with a short period of time. And I will not be surprised the downtrend goes to $8000.

[Wexnident]

Not really surprising. The rise was way too unnatural and the market naturally wouldn't hold that up without any foundation. It seemed kind of heavily manipulated after all and being manipulation as it is, would only result in a temporary uprise and would slowly stabilize until the market could accept it. imo it should stop going down by 8000$ or so. Should be a reasonable margin for the market to accept since the last dump made it go to 7500 and the latest pump made it go to 10k dollars but almost immediately went down after, so yup.

[blckhawk]

Even though price of BTC bumped up yesterday from $7,400 up to 10,400.  Price is still in a downtrend.
 
I am not too optimistic just from one day of big green candles along with some announcement from China.

Heavily manipulated it is, more and more every day. Good bye.

That's why I sold off some of my btc instead of holdimg because there might be another whale selling off to gain the profit, as it looks like there's not much uptrend, they're likely to sell it off again unless they're still hoping for another increase. It's good for a while for those who swam along the whales but I can say more likely today that it's definitely manipulated. We can't get anymore from this and I don't think it's gonna pump up any sooner. But that's the life of BTC, it's all in the prediction, we can't read their minds.

[inanilujimi]

look buddy
try to be positive with what's happening in the market today.
for me this is a sign that there will be further improvements that are greater than yesterday.
so don't expect bitcoin to continue to decline.

[adaseb]

Before this 40% pump I was also bearish and expecting maybe $6000 to be hit sometime before the end of the year. However when we have these crazy gains in such short period over positive news like the China news it means that we are quite possibility entering a bull market again.

The fact that price retraced a little is normal. There are people taking profits and it's also a weekend. It will take a few days for wires to get sent into exchanges and buy more BTC.

I am waiting for the weekly and monthly candles to close first to decide what the price action will be for the next few months.

[pooya87]

a "downtrend" is a "trend" not a single drop case. what we had was the later and that doesn't make it into a trend. price fell below $10k on September 24 and in less than a day it was at the bottom at $8k range. then that lasted about a month until 4 days ago another last attempt at pushing the price down took place before the manipulation was lifted and price jumped back up to real levels.
that is not a trend, that is a temporary push down.

[gabbie2010]

look buddy
try to be positive with what's happening in the market today.
for me this is a sign that there will be further improvements that are greater than yesterday.
so don't expect bitcoin to continue to decline.

Whether the OP is positive or negative with the latest price movement of bitcoin that is his own personal prediction or opinion may based on TA however bitcoin price always defies any form of technical analysis prior to the last price pump, speculations was rife that the price will dump to the support at $6K invariably the price prove those speculators wrong and pumped to $10,400 thanks to the positive news that originated fro China.