New ATH then correction of 35%+

[TravelMug]

The correction is overdue and I will not be surprised if BTC retraced to the 14k region before taking off again and that is when the bull will start to run without looming back.

$16k will be a good gauge, if we go down in that price, I will not be surprised to see further retracement up to $14k. Currently we are in the $17'ish range, probably majority are nervous seeing the price at this point, nevertheless, I believed that this kind of dip is needed to go to the next level of new all time highs of $20k plus.

Again, let's just be positive and see this dip as healthy correction, and a golden opportunity to at least let your wallet accumulate more bitcoins. And probably 2021 will be the year wherein the imminent bull run that we all have been waiting for will happen, similar to 2017.

[carlisle1]

You heard it here first.

 

Well still waiting for that 35%  while also waiting for ATH 

But it the 35% correction will happen at least 3 days after the ATH ,that would be enough preparation and decision to Either quit or remain Holding.

But i will surely Sell first as i want to have added value when i buy and hold again.Hopefully that Correction will trigger the coming of the great Bull soon.

and also when this happen?i will Named you as Nostradamus of Bitcointalk.prg lol

[davinchi]

We had the ATH, I know many people do not agree with it because we have bounced over it for like a hundred dollars or something, but the official all time high is now 2020 and not 2017 and people can't really talk about 2017 anymore like it was a special thing, we had it once again and even more, I understand that we didn't go well and beyond it, I understand there were some places in 2017 that was much higher than the official number we have now, but it is still broken and that is the ATH.

However there is absolutely no 35% fall at all, maybe one day it will happen, maybe if we keep failing to move upwards like this constantly there will be some short futures that will try to crash the market and liquidate the long futures in order to profit, but for now we had only one of this.

[milewilda]

The correction is overdue and I will not be surprised if BTC retraced to the 14k region before taking off again and that is when the bull will start to run without looming back.

$16k will be a good gauge, if we go down in that price, I will not be surprised to see further retracement up to $14k. Currently we are in the $17'ish range, probably majority are nervous seeing the price at this point, nevertheless, I believed that this kind of dip is needed to go to the next level of new all time highs of $20k plus.

Again, let's just be positive and see this dip as healthy correction, and a golden opportunity to at least let your wallet accumulate more bitcoins. And probably 2021 will be the year wherein the imminent bull run that we all have been waiting for will happen, similar to 2017.

Cant we still consider for this as a bull run? Clinging up from 10k to 19800 in a short span of time isnt something that you can just called as a normal rise of the market.
We've been hoping or looking for this kind of value over the years after that 2017 bull run and here we are now but the price hadnt able to break its previous high
which might be a frustrating thing but at least the price isnt reallyy crashing back on where we do start. 35% correction isnt something that you would be surprised
because this intensity of such correction or sell off is already common into this market.Thing here is that you do know on how to handle out yourself in times like these.

[exstasie]

Well still waiting for that 35%  while also waiting for ATH 

Not exactly. We saw a new ATH on November 30th. Not just on one exchange either......Bitstamp, Coinbase, Bitfinex, all surpassed the 2017 ATH. There was just absolutely no follow through and price immediately dipped back below.

If the 35%+ correction happens from here, the situation would parallel January 2017, when BTC tagged the 2013 ATH (just barely) and then crashed back down to $800.

[KTChampions]

Well still waiting for that 35%  while also waiting for ATH 

Not exactly. We saw a new ATH on November 30th. Not just on one exchange either......Bitstamp, Coinbase, Bitfinex, all surpassed the 2017 ATH. There was just absolutely no follow through and price immediately dipped back below.

If the 35%+ correction happens from here, the situation would parallel January 2017, when BTC tagged the 2013 ATH (just barely) and then crashed back down to $800.

Technically, a new ATH was installed, but I think very few people perceive it as a new ATH. Everyone expects a serious increase of 50 or one hundred percent from the previous one. In addition, if we take inflation into account, it turns out that the old ATH is still unmatched.

[TravelMug]

The correction is overdue and I will not be surprised if BTC retraced to the 14k region before taking off again and that is when the bull will start to run without looming back.

$16k will be a good gauge, if we go down in that price, I will not be surprised to see further retracement up to $14k. Currently we are in the $17'ish range, probably majority are nervous seeing the price at this point, nevertheless, I believed that this kind of dip is needed to go to the next level of new all time highs of $20k plus.

Again, let's just be positive and see this dip as healthy correction, and a golden opportunity to at least let your wallet accumulate more bitcoins. And probably 2021 will be the year wherein the imminent bull run that we all have been waiting for will happen, similar to 2017.

Cant we still consider for this as a bull run? Clinging up from 10k to 19800 in a short span of time isnt something that you can just called as a normal rise of the market.
We've been hoping or looking for this kind of value over the years after that 2017 bull run and here we are now but the price hadnt able to break its previous high
which might be a frustrating thing but at least the price isnt reallyy crashing back on where we do start. 35% correction isnt something that you would be surprised
because this intensity of such correction or sell off is already common into this market.Thing here is that you do know on how to handle out yourself in times like these.

Of course this can still be consider a bull run technically, from $3'ish to new all time high this year. But the problem is that there are a lot of members here looking for the bull run similar to 2017 and waiting for a perceived all time high of $20k or higher.

$20k might be selling off point for some traders, maybe because it was a whole numbers or when the new all time high was reach in most exchanges, they do liquidate and take their profit. But personally, I believed that the 'real' bull run will be next year.

[maydna]

I will wait for that new ATH because I am waiting for a long time, and I am sure that people will do the same. We miss the new ATH after waiting, and if that can comes at the end of this year or next year, we will not have a problem waiting for more. We believe that the new ATH will come soon, and that makes people still buying bitcoin now.

But if the new ATH makes the price to have a correction for 35%, I will not have a problem, and I will make sure to buy back bitcoin again at a low price. That will be the best time to buy back bitcoin after we sell at the new ATH, and I think that can give more bitcoin to people who buy it later.

[peter0425]

You heard it here first.

 

Yeah your the first and maybe will be another predicting thread in future 

But given that after every Bull correction follows or much Bad like Bear market in which 2017-2018 shows as all ,witnessing how Great Bitcoin move the whole 2017 but then before the year end starts to fade and when 2018 comes continues the downfall .

What we have now is Hope that this wont happen again.

[fortunecrypto]

Care to speculate on the possible value at the time of the dump?  It would suck if we were to see $19667 followed by $12783. 

I don't think that's going to happen we are in a different environment we are too far from adoption and if there's going to be a correction, not something that looks like a big crash after we hit an all-time high there will be a correction something like a 5% drop then the price will move up again because the confidence has been established.

[KTChampions]

I will wait for that new ATH because I am waiting for a long time, and I am sure that people will do the same. We miss the new ATH after waiting, and if that can comes at the end of this year or next year, we will not have a problem waiting for more. We believe that the new ATH will come soon, and that makes people still buying bitcoin now.

But if the new ATH makes the price to have a correction for 35%, I will not have a problem, and I will make sure to buy back bitcoin again at a low price. That will be the best time to buy back bitcoin after we sell at the new ATH, and I think that can give more bitcoin to people who buy it later.

What was your entry point if it's not a secret? And at what point are you planning to exit? I think it is dangerous to exit at the first serious breakout of ATH - no one knows how high the price will rise, perhaps you will not be able to buy back at a good price. I think that leaving from the asset completely is unjustified (by the way, I made this mistake  ).

[buwaytress]

What was your entry point if it's not a secret? And at what point are you planning to exit? I think it is dangerous to exit at the first serious breakout of ATH - no one knows how high the price will rise, perhaps you will not be able to buy back at a good price. I think that leaving from the asset completely is unjustified (by the way, I made this mistake   ).

Think someone told ME a couple of days ago not to divulge entry points -- looking back I think I'd agree with this advice. Best not make yourself a target.

I didn't reveal too much at all, other than my dream fantasy target which never happened and likely never will. My account details already give away when I started on this forum but yeah, I'd say to exercise caution with what you tell people you trade at. No point painting a target on yourself.

[exstasie]

Not exactly. We saw a new ATH on November 30th. Not just on one exchange either......Bitstamp, Coinbase, Bitfinex, all surpassed the 2017 ATH. There was just absolutely no follow through and price immediately dipped back below.

If the 35%+ correction happens from here, the situation would parallel January 2017, when BTC tagged the 2013 ATH (just barely) and then crashed back down to $800.

Technically, a new ATH was installed, but I think very few people perceive it as a new ATH. Everyone expects a serious increase of 50 or one hundred percent from the previous one.

Sure, but that's irrelevant to the point I was making. Even if you and smoothie don't perceive it as a new ATH, the market could easily just tag the old ATH (or fall slightly short) and then correct 35% while bulls are waiting for new highs. There is no need for some sustained new ATH first. That's all I'm saying. We could see another January 2017 shakeout, instead of one like March 2017.

[KTChampions]

What was your entry point if it's not a secret? And at what point are you planning to exit? I think it is dangerous to exit at the first serious breakout of ATH - no one knows how high the price will rise, perhaps you will not be able to buy back at a good price. I think that leaving from the asset completely is unjustified (by the way, I made this mistake   ).

Think someone told ME a couple of days ago not to divulge entry points -- looking back I think I'd agree with this advice. Best not make yourself a target.

I didn't reveal too much at all, other than my dream fantasy target which never happened and likely never will. My account details already give away when I started on this forum but yeah, I'd say to exercise caution with what you tell people you trade at. No point painting a target on yourself.

Okay, I understand you and agree with you. After all, privacy is one of the fundamental stones of the cryptocurrency. As for me, I take this more easily, since the thousand or two or three dollars that I dispose of are hardly interesting to anyone 
Maybe that's why I am skeptical about trading - an increase in interest on a small capital gives practically nothing.

[STT]

I'll looking for pullback but its gone up recent days of course.   The decision now I'm trying to decide if its operating outside of its previous series or trend of gains, we've met roughly the same area of highs seen for this month and its near ATH but not building in the way I would like to see in order to be fully confident of surpassing this area.



We've touched the bottom with monthly average on Friday, passed the 2 day on Saturday and beaten and confirmed above the weekly average just passing into Sunday so we have momentum.  The doubt remains that we need to do this during the week not just weekends, the two currency flows can vary in their sentiment and strength so Monday is a day of conflict imo.

[rodskee]

You heard it here first.

 

Why not indicate when this be happen so i will be ready to purchase more and now this time pure Bitcoin and no altcoins.
frustration is what Ethereum gives this year and also XRP for many holder,even the Events of these altcoins seems nothing in effect so it's better always to stand for bitcoin and not for alts.

I will wait for that new ATH because I am waiting for a long time, and I am sure that people will do the same. We miss the new ATH after waiting, and if that can comes at the end of this year or next year, we will not have a problem waiting for more. We believe that the new ATH will come soon, and that makes people still buying bitcoin now.

but i think not in this year to happen?mid of next year or till 4th quarter.

But if the new ATH makes the price to have a correction for 35%, I will not have a problem, and I will make sure to buy back bitcoin again at a low price. That will be the best time to buy back bitcoin after we sell at the new ATH, and I think that can give more bitcoin to people who buy it later.

If we will make ATH for sure it will be dump back again because too much waiting and stress is what people get this past months.

[smoothie]

I've added an edit to the OP as follows...


Looks like an ascending triangle is forming on the 1hr and 4 hr charts. You heard it here first! 

[buwaytress]

Okay, I understand you and agree with you. After all, privacy is one of the fundamental stones of the cryptocurrency. As for me, I take this more easily, since the thousand or two or three dollars that I dispose of are hardly interesting to anyone 
Maybe that's why I am skeptical about trading - an increase in interest on a small capital gives practically nothing.

Yeah, that's sort of why I'm a bit less careful than I should be as well with my Bitcoin history. I suppose it'd make a lot more sense if I were actually accumulating something more significant, so maybe if I talk less and less about my past and BTC, it means I've somehow found a way to make mo sats;)

Trading's all right. But yeah, I have a full time job and full time life. Not the kind of situation that's good for trading!

[Viscore]

I've added an edit to the OP as follows...


Looks like an ascending triangle is forming on the 1hr and 4 hr charts. You heard it here first! 

Wow, that seems to be a good news, let's see if that would continue and it will bring the price closer to $20,000, honestly, I'm already negative that we will see $20,000 this month, I thought there's not hype anymore and the price will just correct soon.

I hope I'm wrong fellas.

[KTChampions]

Okay, I understand you and agree with you. After all, privacy is one of the fundamental stones of the cryptocurrency. As for me, I take this more easily, since the thousand or two or three dollars that I dispose of are hardly interesting to anyone 
Maybe that's why I am skeptical about trading - an increase in interest on a small capital gives practically nothing.

Yeah, that's sort of why I'm a bit less careful than I should be as well with my Bitcoin history. I suppose it'd make a lot more sense if I were actually accumulating something more significant, so maybe if I talk less and less about my past and BTC, it means I've somehow found a way to make mo sats;)

Trading's all right. But yeah, I have a full time job and full time life. Not the kind of situation that's good for trading!

Same. It's funny that this state of affairs leaves all the best opportunities for those who have an excess of free time and who, in a sense, can be called idlers  However, I think that trading becomes good starting from the middle distance, everything else is casino/luck.