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

[CarnagexD]

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.

Yesterday you can see a very changeable movement on the price of bitcoin and after I read some articles about the president of China who will now support blockchain technologies the price starts to increase. We do not know if the price of bitcoin is totally manipulated by someone. As of now the price of bitcoin become stable at the price of 9000$+ and do you think bitcoin will really good down again just like what happened few days ago?

[BitHodler]

As of now the price of bitcoin become stable at the price of 9000$+ and do you think bitcoin will really good down again just like what happened few days ago?

The good thing about OPs thread is that it makes people aware of where the risks are in terms of this being a massive bull trap. I don't think it's a bull trap myself, but one can't discard that possibility either.

People were extremely bearish before the +$2k move up, and now expect moon again before the end of the year. It's something that can be used against them by whales because we're definitely not out of the woods yet.

[Mahanton]

As of now the price of bitcoin become stable at the price of 9000$+ and do you think bitcoin will really good down again just like what happened few days ago?

The good thing about OPs thread is that it makes people aware of where the risks are in terms of this being a massive bull trap. I don't think it's a bull trap myself, but one can't discard that possibility either.

People were extremely bearish before the +$2k move up, and now expect moon again before the end of the year. It's something that can be used against them by whales because we're definitely not out of the woods yet.

Come to think sensibly that moving as high of 40% on a matter of 2 days afaik isnt really a healthy one which we can really thought that this might be a manipulation.
Price had corrected once again and it breaks down to those people who bought btc on 5 digit price.We are now tanking on 9k which is still a good price to look at
rather than seeing those low levels a way back a month before.At least we are seeing some progress and it might hit up or break the ceiling while we are approaching
on the next halving event.

[Reid]

Yes, expect the unexpected. A sudden pump could have a sudden dump in just days to come.
Better to stay alert.
So what if they are manipulating it. Then, ride the wave if you already knew what is happening. They could do all they want with the market of bitcoin but us who are already knowledgeable about that idea could make profits out of it.

[Wysi]

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.

Yesterday you can see a very changeable movement on the price of bitcoin and after I read some articles about the president of China who will now support blockchain technologies the price starts to increase. We do not know if the price of bitcoin is totally manipulated by someone. As of now the price of bitcoin become stable at the price of 9000$+ and do you think bitcoin will really good down again just like what happened few days ago?

The recent movements of bitcoin price is indeed a result of massive manipulation for a short term gain by some of whales and yes it's better to give it sometime rather than jumping into it and buying or selling off during these short-lived pump or dump. Last four days we have seen do many experts predicting bull run who were saying bitcoin will hit all time low just when the price dropped to $7500 which show nobody knows what's in store for us.

[Yaunfitda]

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 would tend to agree that the sudden bump in the price is purely manipulated. I mean how can China news influence the price of today?

I thought everyone is done with China and it seems they are irrelevant this 2019. I think some bad actors took the news spin it out, media buy the news and every one FOMO that's why we've seen the biggest pump yet for this year. After that it goes back to the same trading side way patterns.

[Harlot]

I'm not particularly supporting your theory but I'm with you that we are still on a down trend and we haven't broken this bearish cycle yet, why? Not because of anything related with the Chinese or any kind of manipulation but just for the reason of the big green candle you are saying is just a candle still on a lower high which isn't really counted as a bullish candle because this candle is still within the downtrend. If I were a newbie thinking that this is another bullish reversal then think again, the bearish candle is not over yet, not until we get pass 12,000$ this kinds of pumps are not bullish at all.

[figmentofmyass]

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.

if the run to $10.5k ended as a massive wick and we were trading in the $7000s or $8000s right now, i would wholeheartedly agree with you.

but that's not what happened. everyone is scared to sell now after that reversal. this is the third green day in a row and the market is pushing straight back towards $10k. this shows that bears are no longer in control.

so everyone who sold for the past month is now trapped. and bears are looking weak sauce. bullish.

[Pipdips]

Before this recent push upwards with green candles, I had some orders placed that were waiting and waiting and waiting to clear. I moved the price limits down and then poof, all the sudden the green candles came and scooped up my orders. Lost $$ on all of them.

I swear it is like the entire crypto market is rigged and they all wait to watch my trading activity and then the entire market moves against me!!!! 

[exstasie]

Before this recent push upwards with green candles, I had some orders placed that were waiting and waiting and waiting to clear. I moved the price limits down and then poof, all the sudden the green candles came and scooped up my orders. Lost $$ on all of them.

I swear it is like the entire crypto market is rigged and they all wait to watch my trading activity and then the entire market moves against me!!!!  

The life of a trader: when you sell, it pumps, and when you buy, it dumps.

That's how it feels anyway. Even great traders only have a 50-70% win rate so it's par for the course. Trading involves taking lots and lots of small losses so don't feel too bad.

Hopefully you're still profiting in the long run? If not, you might want to reassess your style, risk management, etc.

[Stargazer]

Bitcoin price seems manipulated heavily! Within two days the growth and downtrend of bitcoin again proved that how volatile the crypto industry is! But I think if we get any other big news, BTC price will hit 15K USD, and within March, we can see BTC at 20K USD!

[STT]

Interesting take and attempt at being a contrarian, theres always more to observe when trying to prove a point that disagrees with the consensus.   We seem very positive at the moment but generally I would have expected more downward momentum for some months also.     Im the biggest bear here possibly but even I'd have to say the downtrend has been passed just recently, the qualifier for that is we close a weekly bar above a downtrend and it has to confirm so maybe these days upcoming matter more.

Trading involves taking lots and lots of small losses so don't feel too bad.

A good trader takes a thousand paper cuts but decapitates his enemy  

Bitcoin price seems manipulated heavily!

Its very common in FIAT market to force a fixed ratio for a price in the market.   Thats the very obvious everyday manipulation everyone here takes part in because almost every nation forces some fake pricing.   BTC aint that

[exstasie]

Interesting take and attempt at being a contrarian, theres always more to observe when trying to prove a point that disagrees with the consensus.

Is it contrarian? I'm not even sure. Sentiment may have finally tipped towards the bulls but I'm still noticing a surprising amount of bears around here.

Im the biggest bear here possibly but even I'd have to say the downtrend has been passed just recently, the qualifier for that is we close a weekly bar above a downtrend and it has to confirm so maybe these days upcoming matter more.

The weekly candle closes in just 4 hours. Assuming it stays up here, it'll be a major bullish confirmation for me. Not only is it a bullish outside reversal, but it's a very clear example of what John Bollinger (inventor of Bollinger bands) calls a "headfake":



The bands are squeezing, so we're obviously coiling for a mid-term breakout. The market attempted to trigger a downside squeeze with that wick below the lower BB, but it was summarily rejected. That's the headfake.

Years of experience has taught me, it's very important to pay attention to where the market doesn't want to go. It clearly doesn't want to go down. And as I said, we're coiling for breakout. So chances are it'll be in the other direction.

[alexsandria]

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.

You seemed neutral from what just happened. In my case I was a bit shocked though 'cause that was so sudden from that range of time. Although majority are saying that such shocking scenario was just a responsibility of whales, but even though it was a great feeling may be sooner those market spike up would go continuously right. But whatever we are human after all we don't know what would happened on market later on.

[BitHodler]

Come to think sensibly that moving as high of 40% on a matter of 2 days afaik isnt really a healthy one which we can really thought that this might be a manipulation.

It's extreme for sure, but it's Bitcoin at the end of the day. It surprises people when they don't expect it, and that's when they get rekkt hard. It was the third largest 24 hour move in Bitcoin's history, so it's not that it didn't happen before.

People continue to call manipulation, but what's actually happening is bots pulling back their sell orders where a short squeeze then does the rest of the work.... shorters have no choice but to pay any price for their coins in the order book.

[Jating]

Come to think sensibly that moving as high of 40% on a matter of 2 days afaik isnt really a healthy one which we can really thought that this might be a manipulation.

It's extreme for sure, but it's Bitcoin at the end of the day. It surprises people when they don't expect it, and that's when they get rekkt hard. It was the third largest 24 hour move in Bitcoin's history, so it's not that it didn't happen before.

It did happen before, but if I remember it correctly, it occur when we are in a bull-run. But this current spike was total unexpected that's why we can spell manipulation from afar.

People continue to call manipulation, but what's actually happening is bots pulling back their sell orders where a short squeeze then does the rest of the work.... shorters have no choice but to pay any price for their coins in the order book.

It could be, as bots can lead to total out of control and because of that, chaos will happen which could explain the sudden spike as high as 30%.

[barota]

when prices bitcoin going down we must buy more and dont watch to fall for buying cheap this is like correction for price can stable above 10000 usd per btc again we dont have to worry about drop price because market will recover eaisely and at any time
dont sell but buy more . this is my advise

[BitHodler]

But this current spike was total unexpected that's why we can spell manipulation from afar.

It was unexpected in the sense that it went up so much, but a bounce was pretty much due as prices don't usually plummet south so much without seeing bulls make an attempt to initiate a reversal.

Back in June when we crashed directly after peaking out at almost $14k, we saw a $3k daily candle which people didn't expect to happen either, and people yet again called manipulation despite the fact that it was brutal profit taking.

[Colt81]

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 heard announcement about china that they are now accepting blockchain technology, that is why it is a great news for bitcoin because as of now the price of bitcoin has a good change, which the price of bitcoin stays to $90,000 and up. I also think we are still in the bearish market because bitcoin doesn't raise it's price up to $10,000 this month of October.

[electronicash]

and this is the reason why they kept dumping their BTC for usd because its sure that prices will still go down to $6k or even below that later on.

Bitcoin price seems manipulated heavily! Within two days the growth and downtrend of bitcoin again proved that how volatile the crypto industry is! But I think if we get any other big news, BTC price will hit 15K USD, and within March, we can see BTC at 20K USD!

Big news that reliable will pumped the market up. Last time, the news about China's interest with blockchain technology hits the market up. Now it's trying to be stable with $9-9.5k, it's seems that it will make more upward trend since halving is incoming interest will bring investors back and help lifting to create more positive run. Stay being optimistic about this industry don't rush to judge your position.

not just yet. until you haven't seen the price go break few more resistance, its best to just keep your USD because chances is that Xi Jinping's attempt seems not working for all investors. it needs another announcement maybe from Abe of Japan, the Noah Coin was pumped earlier if the nearby countries will also declare blockchain adoption just like Bangladesh it could be the cue.