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The effect of a stock market correction/crash on cryptos? 4 replies

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Is Bitcoin about to crash?

  • #61
  • Dec 23, 2017 11:03am Dec 23, 2017 11:03am
just look at pictures and draw your conclusions...my opinion is bitcoin has too much press to just break 20k soon. With CME on the action, and i think later on more retail futures trader will be on it..you'll see just ranging action between 20k-10k for next few months or 2-3 years before we see another parabolic move.

from 2013
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recently
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combined

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  • #62
  • Edited 11:44am Dec 23, 2017 11:14am | Edited 11:44am
Hello everybody ...

Btc (h4)

a view (of mine) ...

I think that we are in the first wave Elliott
(probably in the central part 3rd composed and in execution is its fifth:
but I could be wrong.
If it were we will have a 4th @ 21700 and a top @ 24,5k.
TOP EW 1st wave ...)


P.S.
for those who believe in it ...
... forecasts lead to stratospheric prices
(a true bubble: 50k, 60k for the pessimists ...
... 100k for those who have a theoretical model )
see post 5616 Bitcoin technical analysis
(anyway... BE careful of ...)(BE = break even )
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... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #63
  • Dec 23, 2017 7:10pm Dec 23, 2017 7:10pm
Quoting cat
{quote} Your post is redundant - Bitcoin crashed. A 45% loss inside a week is a crash in any market. No one said it was dead, I never did. I said it would likely crash back on December 8th here on ff, and it did. It can now continue to be bought back up again to higher levels, or it can fall some more. If you had read my original post, which obviously you did not, you would have seen how I defined ' crash ' in this context..... " Bitcoin is so far above its Daily 200 day simple and exponential moving averages now, that it seems impossible to me...
I respect your opinion good sir. From what you are saying I don't think you been around Bitcoin very long. I been following Bitcoin since 2011 and seen "crash" from $28.00 to $0.43. I have also seen Bitcoin declared dead and buried at least 100 times.

Finally, you have made an statement about yourself more than about me in your comment.
  • #64
  • Dec 23, 2017 7:54pm Dec 23, 2017 7:54pm
Here is a recent example.
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  • #65
  • Dec 23, 2017 8:18pm Dec 23, 2017 8:18pm
As I said in an other thread: We don't know if the correction is already over yet. But as OneOracle said: It is within the "normal" range, compared to other "exit pumps".
One of the biggest "crashes" in the recent years was 68% in 2013, which resulted in a ~2 years downtrend, followed by the uptrend we (still) have until now.

Inserted Code
2017-12-17        2017-12-22        19660.0        11205.0        43.0%
2017-11-08        2017-11-12         7788.0         5464.0        29.8%
2017-09-02        2017-09-15         4965.0         2995.5        39.7%
2017-01-05        2017-01-12         1156.9          756.0        34.6%
2016-06-18        2016-08-02          781.1          479.0        38.7%
2015-11-04        2015-11-11          490.0          300.0        38.8%
2015-07-12        2015-08-18          316.0          188.1        40.5%
2013-11-29        2013-12-18         1198.8          380.0        68.3%
...
  • #66
  • Dec 23, 2017 10:23pm Dec 23, 2017 10:23pm
my interpretation of D1, W1 and MN1 is that down move is not over yet.
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #67
  • Edited 10:18am Dec 24, 2017 10:07am | Edited 10:18am
As followers of this thread can see for themselves, what I was predicting from page one of this thread has now taken place, a crash from highly overbought, over-extended levels to the levels I also predicted. This is not to blow my own trumpet in any way, but merely to state a fact.

Others posters, namely One Oracle, and mw108 came in at the end of the action on Friday, once BTC had lost 45% of it's value from the highs, to tell us all this was highly predictable, especially it being the end of the year, that they had seen exactly this happen to the price many times before, and to admonish everybody for making such a fuss over very little.

And so, with my own mission accomplished, I now leave this thread in the extremely capable hands of the hindsight wizards above, whose self-proclaimed intricate knowledge into the workings of Bitcoin should stand all future followers of this thread in very good stead.

From me though, goodbye, and thanks for watching!
  • #68
  • Dec 24, 2017 12:01pm Dec 24, 2017 12:01pm
Quoting cat
Others posters, namely One Oracle, and mw108 came in at the end of the action on Friday, [...]
I shared my estimations on 18th (Mo) evening and 21st (Thu) morning before anything happened. I said to be ready to jump off and that I shifted my portfolio over the last weeks based on that. Or in other words I started selling my BTCs and BCHs.

Did I know or predict that BTC is going for a freefall on Thu 21st and Fr 22nd Dec? No. I just had a that feeling that something is about to happen and did something, instead of drawing lines on a chart and making vague future predictions.

In hindsight everything is easy. Also for you. Now after it happened you can of course say "I told you so". If you was so confident in your TA you'd have shorted BTC 10x leverage, from the moon.

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  • #69
  • Dec 24, 2017 12:46pm Dec 24, 2017 12:46pm
[quote=mw108;10618813]{quote} I shared my estimations on 18th (Mo) evening and 21st (Thu) morning before anything happened. I said to be ready to jump off and that I shifted my portfolio over the .........Also for you. Now after it happened you can of course say "I told you so".bla bla bla "

Why are you telling me what you did? I am not remotely interested in your portfolio, what you buy or what you sell. Neither has this thread been concerned with my trading activities, as you will have noticed if you'd bothered to read it. The title of the thread is ' Is Bitcoin about to crash '? posted on the 11th of December, and quoting a paragraph of mine taken from a news story on the 8th December. At no point was I discussing my own trading activity, neither did I ever intend to, so you have completely missed the point of the thread. Also, do not quote things I never said, in bold. You are the one showing wisdom after the event, not I. I am the one who started a thread to warn of an impending crash in Bitcoin, not you. I said nothing of real value to anyone once the price had fallen to 11,000. Everything I said of value was said from the 11th to the 22nd of this month. From then on , it was fluff...commenting on what had already taken place,, just like your posts since Friday.

Yes you are right, with hindsight everything is easy, and it sounds to me like you are the expert.
  • #70
  • Dec 24, 2017 1:55pm Dec 24, 2017 1:55pm
Quoting maflip
{quote} Last time Bitcoin tested the 75% retrace it recovered and you know the story. Will it repeat it again? If not then it's a change of trend. {image}
hi
From which broker I can get candlestick chart for bitcoin
thanks
  • #71
  • Dec 24, 2017 6:26pm Dec 24, 2017 6:26pm
Quoting lioslim
{quote} hi From which broker I can get candlestick chart for bitcoin thanks
exness
i have tried to start trades with a trend, now i prefer to follow the trend
  • #72
  • Dec 24, 2017 7:15pm Dec 24, 2017 7:15pm
crush??
are u kidding me?

bitcoin is the next trend of currency..

get ready for another hike !!
  • #73
  • Dec 24, 2017 10:26pm Dec 24, 2017 10:26pm
Quoting cat
bla bla bla bla bla bla bla
Man, what an "overconfident 'wisdom-spreading' smart-guy" you are. I'm tired trying to explain you my point of view and where you are wrong in your assumptions and conclusions, especially if you too completely miss the point over and over again. So whatever man. Believe and think what you want. Happy holidays!
  • #74
  • Dec 25, 2017 11:47am Dec 25, 2017 11:47am
hi think will see $6000 soon...
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #75
  • Jan 10, 2018 10:07am Jan 10, 2018 10:07am
BTC sitting on critical H6 support atm, and building, I think, for perhaps another leg lower. If this support breaks, and at the moment it is holding, then we could see the price back down to 11,000, but there is strong support there if it does get back there. Above, I am watching the 17,000 level again where I have potentially strong resistance, and I also have another lower level of potential resistance at around 15,700.
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  • #76
  • Jan 10, 2018 12:25pm Jan 10, 2018 12:25pm
Quoting cat
BTC sitting on critical H6 support atm, and building, I think, for perhaps another leg lower. If this support breaks, and at the moment it is holding, then we could see the price back down to 11,000, but there is strong support there if it does get back there. Above, I am watching the 17,000 level again where I have potentially strong resistance, and I also have another lower level of potential resistance at around 15,700. {image}
Compliments to you for starting this thread and having to deal with the almost religious fervour of the crypto cultists.
Gone to a better place
  • #77
  • Jan 11, 2018 1:59am Jan 11, 2018 1:59am
Quoting smikester
{quote} Compliments to you for starting this thread and having to deal with the almost religious fervour of the crypto cultists.
For me, the bubble has already popped. Trade it now like any other market, but invest in it at your peril. I know a few people who got in four years ago, and who are still holding hoping it will go to the moon, and they may be right, but they've seen a mighty slash in their profits as of now that's for sure. Pure greed!
  • #78
  • Jan 11, 2018 2:27am Jan 11, 2018 2:27am
Quoting cat
{quote} For me, the bubble has already popped. Trade it now like any other market, but invest in it at your peril. I know a few people who got in four years ago, and who are still holding hoping it will go to the moon, and they may be right, but they've seen a mighty slash in their profits as of now that's for sure. Pure greed!
I agree. I do think the concept of blockchain is interesting, though. In a way it's a shame so many people jumped on the bandwagon so soon. As you say, greed.
Gone to a better place
  • #79
  • Jan 11, 2018 4:11am Jan 11, 2018 4:11am
Quoting smikester
{quote} I agree. I do think the concept of blockchain is interesting, though. In a way it's a shame so many people jumped on the bandwagon so soon. As you say, greed.
Interesting definitely, as it will change the future of banking for sure. If you mean the Bitcoin bandwagon, it depends where people jumped aboard. Those who got in early were wise and/or lucky. Those who got in on the way up were lucky, especially if they just bought into it blind amid all the hype, as most investors haven't got a clue whether something is going to continue going up or start coming down, and those who got in right at the top, and I'm sure there were plenty such was the hype as it approached 20,000, were just stupid. Those who had great profits but saw them evaporate in front of their eyes as the price crashed before Christmas, were just greedy.
  • #80
  • Jan 11, 2018 4:35am Jan 11, 2018 4:35am
When MSM reported that Katy Perry was buying, that was the massive sell signal.

We shall have too see what happens next. To me it all smacks a bit too much of e-gold.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
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