I see a dump approaching, do you?

[206 bones]

It looks like it....  
There is some artificial inflation of the BTC price. Pure air. When this happens is easy for the price to come down, because it doesn't have any support whatsoever.

Whales & good traders will continue to take advantage of FOMO so they can accumulate more.

I think we will revisit 8k, but just under 9k. After this dip, it looks like we are going to be saying bye bye to 8k for ever.

So, prepare those usd guys for this next dip $$

If you want to know more about my reasoning on this matter visit this topic: https://bitcointalk.org/index.php?topic=5221788.0

Note: It's difficult to predict when is going to happen, but it's highly probable it will.

[TIDOVEE]

It looks like it.... 
There is some artificial inflation of the BTC price. Pure air. When this happens is easy for the price to come down, because it doesn't have any support whatsoever.

Whales & good traders will continue to take advantage of FOMO so they can accumulate more.

I think we will revisit 8k, but just under 9k. After this dip, it looks like we are going to be saying bye bye to 8k for ever.

So, prepare those usd guys for this next dip $$

If you want to know more about my reasoning in this matter visit this topic: https://bitcointalk.org/index.php?topic=5221788.0

I'm actually not expecting any real dump again at this time , every price flunctuation now will still be around this present value and not lesser.This Moment is close to halving and we are leaving $8k for the next level. We may not have much puch till April but there will be steady increase till the halving in attained.

[206 bones]

It looks like it.... 
There is some artificial inflation of the BTC price. Pure air. When this happens is easy for the price to come down, because it doesn't have any support whatsoever.

Whales & good traders will continue to take advantage of FOMO so they can accumulate more.

I think we will revisit 8k, but just under 9k. After this dip, it looks like we are going to be saying bye bye to 8k for ever.

So, prepare those usd guys for this next dip $$

If you want to know more about my reasoning in this matter visit this topic: https://bitcointalk.org/index.php?topic=5221788.0

I'm actually not expecting any real dump again at this time , every price flunctuation now will still be around this present value and not lesser.This Moment is close to halving and we are leaving $8k for the next level. We may not have much puch till April but there will be steady increase till the halving in attained.

The majority of people believe this. I don't. We will see. There is still 100 days to halving. Not close enough.

[Lucius]

I do not see a big problem in the fact that price may drop again for some $500 or maybe even $1000. We recently had $9100 and a quick dump to $8500, so a similar situation could happen again. We are in a time when everything is possible, but bulls generally prevail in the last 30-40 days which is very easy to see if you check price just the week before Christmas. I saw somewhere that this was the best January for BTC since 2012, and I believe this is just warming up for one very successful year.

There will probably be many more small dumps, but only because a stable price does not make a profit for those who trade on a daily basis - buy low, sell high, make a profit and repeat everything again.

[GuyFromBarcelona]

I do not see a big problem in the fact that price may drop again for some $500 or maybe even $1000. We recently had $9100 and a quick dump to $8500, so a similar situation could happen again. We are in a time when everything is possible, but bulls generally prevail in the last 30-40 days which is very easy to see if you check price just the week before Christmas. I saw somewhere that this was the best January for BTC since 2012, and I believe this is just warming up for one very successful year.

There will probably be many more small dumps, but only because a stable price does not make a profit for those who trade on a daily basis - buy low, sell high, make a profit and repeat everything again.

It's really difficult to guess at this moment. But I think that there are two things that are very likely to happen:

1. In ""long"" term, by the end of the year, btc will be higher than now

2. At 10k will be a correction. The question is how big it's going to be, maybe insignificant, maybe moderate. Doesn't seem that a big one coming.

So buying now thinking in holding for a year or two is a good and probably profitable option regardless of what happens now-short term.

In the short term is difficult to know if it's a good entry price, not going back below 9k again after hitting 10k, or a bad entry price because we could see correcting to 8,5k in a week. It went +30% in just weeks, so a 15% correction wouldn't be a bad thing or something to worry about. In fact it would recover part of it very rapidly I bet.

Edit: Obviously these are just my thoughts, and even though I fell pretty confident about it the current situation is quite difficult to read

[BrewMaster]

dump? not at all
a small drop maybe? possible.
can anybody predict it? absolutely not

the thing is that we are again at a point where it becomes impossible to predict which way the market is going to go. if price starts going higher we can easily see a much bigger jump passing through $10k and shooting above it. but if 10% resists then we can see a drop to get ready again. however this "drop" is not a dump, it will be something like going to $8900 then coming back up again.

[fabiorem]

I'm not so sure this time.

In other times it was easy to identify a bull trap. The rising was small, the hopium in the forum was high, and the FGI always indicated fear.

Now, the rising, although still small, is being sustained for days, the hopium is not so high as before, and the FGI indicates greed for the first time in several months.

So we have sustained rise, less hopium, and more greed. This is the recipe for a bull market.

In a bull market corrections are usually in the weekends, whereas in a bear market you only have a small rise for two days, which consists in bull traps. If we have a small correction in the weekend, it will only bring more evidence of a nascent bull market.

[Coin_trader]

It looks like it....  
There is some artificial inflation of the BTC price. Pure air.

What Pure Air are you talking about eh? The current momentum was supported by a good volume. If you look on 1 day timeframe on the graph. You are creating FUD in this post. BTC has support on 8.8k level and might test but contradicting to your post. The price surge is a bit organic since we are approaching bitcoin halving and many whales are riding the waves. Don't go against the tide or else you just drowned.

If you can provide a detailed technical analysis regarding your claims then I might believe you. You are only using your feelings to predict the market which is kinda scary.

Unless a sudden Doji appear then huge fall might occur. But right now, The sky is very clear for bitcoin price to reach the moooon.

[206 bones]

It looks like it....  
There is some artificial inflation of the BTC price. Pure air.

What Pure Air are you talking about eh? The current momentum was supported by a good volume. If you look on 1 day timeframe on the graph. You are creating FUD in this post. BTC has support on 8.8k level and might test but contradicting to your post. The price surge is a bit organic since we are approaching bitcoin halving and many whales are riding the waves. Don't go against the tide or else you just drowned.

If you can provide a detailed technical analysis regarding your claims then I might believe you. You are only using your feelings to predict the market which is kinda scary.

Unless a sudden Doji appear then huge fall might occur. But right now, The sky is very clear for bitcoin price to reach the moooon.

You probably can't read.
I posted a link to my rationalisation.

Organic my balls.
Just watch.

[mahilchii]

Not at all, if there's a dump there might be a fluctuation. What I personally feel is it may pump because of halving appearance not the one which you are saying just a small glitch cannot be considered as a dump mate. Also we can see that BTC is nearing 10k which is a great sign for a massive pump in my opinion. However it looks like there might not be any dump for few days.

[bitbunnny]

I don't know how you can see dump comming, maybe you have a cristal ball. 
Now seriously. Currently the price is rising but I think that pull back is possible. I wouldn't name that a dump, it's more a correction because I don't expect that price goes lower that it was before current rise.

[dunfida]

It looks like it....  
There is some artificial inflation of the BTC price. Pure air. When this happens is easy for the price to come down, because it doesn't have any support whatsoever.

Whales & good traders will continue to take advantage of FOMO so they can accumulate more.

I think we will revisit 8k, but just under 9k. After this dip, it looks like we are going to be saying bye bye to 8k for ever.

So, prepare those usd guys for this next dip $$

If you want to know more about my reasoning on this matter visit this topic: https://bitcointalk.org/index.php?topic=5221788.0

Note: It's difficult to predict when is going to happen, but it's highly probable it will.

There would always be a price correction after some good price increase.I do say that were heading too fast on 5k digit price but i believe that breaking 10k resistance would take up some time or there might be a bounceback. Currently the price is playing between 9300-9500 and we wont know if on next hour it would head towards that 10k resistance either it will break out or bounce.
For sure there are usd guys waiting for that dip opportunity.This is a typical stuff that do happens everytime on each market.

[exstasie]

Yes I do, although there will probably be some disagreement over use of the word "dump." In the bigger picture, it will probably be viewed as a "pullback" or "correction" instead.

This is my general idea:



A 50-62% retracement would be typical, although it doesn't need to go that deep.

[wheelz1200]

It looks like it....  
There is some artificial inflation of the BTC price. Pure air. When this happens is easy for the price to come down, because it doesn't have any support whatsoever.

Whales & good traders will continue to take advantage of FOMO so they can accumulate more.

I think we will revisit 8k, but just under 9k. After this dip, it looks like we are going to be saying bye bye to 8k for ever.

So, prepare those usd guys for this next dip $$

If you want to know more about my reasoning on this matter visit this topic: https://bitcointalk.org/index.php?topic=5221788.0

Note: It's difficult to predict when is going to happen, but it's highly probable it will.

What makes you so sure we will never see $8k ever again, we only just recently crossed  it again.  Remember in late 2017 when peoe we saying $10k will never be breached again.  That didnt go so well.  I'm not a pessimist just a realist.  Will it dip from here it might I think we will see a lot of profit taking around 10k so could very well dip.  But no indication we are parabolic upwards from there.

[Yaunfitda]

I wouldn't be surprised though, I mean we have seen this pattern just a couple of weeks, so why panic when the price goes on another correction again?

But I think FOMO is still not setting in, if it did then we are going to see $10k again. But as the OP has said, the price could go down so for me FOMO is not there yet. And it's normal to see this kind of healthy pullback instead of artificial and inorganic pump followed by a huge massive drop of like 30% in a day or two.

[The Sceptical Chymist]

There is some artificial inflation of the BTC price.

I don't know if I buy your reasoning as to why this recent price increase is "artificial" or not.  Perhaps I don't understand the jargon you use, but it sounds like a bunch of gobbledygook to me with buzzwords like dump and FOMO thrown in to make it very clear you're probably reading all of the wrong stuff. 

On the other hand, it isn't hard to get the feeling that bitcoin might correct when it starts rocketing upward.  I haven't done the math and so don't know how much bitcoin gained percentage-wise, but it has been significant.  It's up probably more than $2k in the past week, and that's more than 20%.  So just going by what's happened in the past I do get the sense that there's probably going to be a selloff eventually, but the only question in my mind is how high bitcoin will get before that happens.

Yes I do, although there will probably be some disagreement over use of the word "dump."

I've always had the opinion that people should really stop using that word to describe bitcoin's price movement.  Since bitcoin is not a pump & dump scheme, you'll never catch me describing a crash, correction, or selloff as a "dump".

[Coin_trader]

It looks like it....  
There is some artificial inflation of the BTC price. Pure air.

What Pure Air are you talking about eh? The current momentum was supported by a good volume. If you look on 1 day timeframe on the graph. You are creating FUD in this post. BTC has support on 8.8k level and might test but contradicting to your post. The price surge is a bit organic since we are approaching bitcoin halving and many whales are riding the waves. Don't go against the tide or else you just drowned.

If you can provide a detailed technical analysis regarding your claims then I might believe you. You are only using your feelings to predict the market which is kinda scary.

Unless a sudden Doji appear then huge fall might occur. But right now, The sky is very clear for bitcoin price to reach the moooon.

You probably can't read.
I posted a link to my rationalisation.

Organic my balls.
Just watch.

I read your lin to your other thread that's why I said you are just resorting to your feeling and ZERO technical analysis neither fundamwntal analysis.

The way you talk simply tells that you can't support logically your analysis and I'm always watching BTC chart since I have a position daily. 

[206 bones]

It looks like it.... 
There is some artificial inflation of the BTC price. Pure air.

What Pure Air are you talking about eh? The current momentum was supported by a good volume. If you look on 1 day timeframe on the graph. You are creating FUD in this post. BTC has support on 8.8k level and might test but contradicting to your post. The price surge is a bit organic since we are approaching bitcoin halving and many whales are riding the waves. Don't go against the tide or else you just drowned.

If you can provide a detailed technical analysis regarding your claims then I might believe you. You are only using your feelings to predict the market which is kinda scary.

Unless a sudden Doji appear then huge fall might occur. But right now, The sky is very clear for bitcoin price to reach the moooon.

You probably can't read.
I posted a link to my rationalisation.

Organic my balls.
Just watch.

I read your lin to your other thread that's why I said you are just resorting to your feeling and ZERO technical analysis neither fundamwntal analysis.

The way you talk simply tells that you can't support logically your analysis and I'm always watching BTC chart since I have a position daily. 

BTC reasoning goes beyond charts. I could be wrong. But I really don't think so 

Yes I do, although there will probably be some disagreement over use of the word "dump." In the bigger picture, it will probably be viewed as a "pullback" or "correction" instead.

This is my general idea:



A 50-62% retracement would be typical, although it doesn't need to go that deep.

  that's a huuugee dip. I'm happy we are matching with our forecast. But I think it will be VERY difficult to go under 8.5k. The majority of people who are buying now, will not sell, so that will make support level rise from the previews one due to less supply.

[peter0425]

dont take it much serious because market is doing great nowadays,for the whole month of January we are seeing this slowly growing market capitalization so at some points we can take this as profiteering chance right?but for me?i am not affected at all even we dump soon because this is 2020 and this is a Halving of Bitcoin year so why i am needed to be afraid?

[maydna]

Bitcoin price can get dump into $8k, but we can prepare for that time, so if that happens, we don't have to worry because we will make sure to buy more bitcoin after we sell some bitcoin at the higher price. We don't need to be panic because, in the crypto market, that thing will always happen, and that is why we need to prepare for the worst thing before it's happening.

I guess many people are not expecting to see bitcoin price will go down lower than $9k, but if that happens, we cannot do anything except to follow the price and use the chance to buy more bitcoin at a low price. When we can be ready for anything that will happen, we can decide and make a decision related to the current situations so we can buy at the right time.