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Topic: Bitcoin lower targets  (Read 211 times) previous topic - next topic

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Bitcoin lower targets
A 786 fib retrace is possible. That is what silver did from the 2011 high.

For Entertainment Purposes Only.

  • Erich
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Re: Bitcoin lower targets
Reply #1
That 5k mark looks like a good buy point for a brave soul. Even a dead cat bounce would give you $1000 +
The Bitcoiners would be in absolute panic mode during that time and everyone and their brother would be selling. It may be happening now. Been down in the Gulf Coast of Florida the past two weeks. I really like it here 8)
Long PAAS HL Cash

  • Nikko
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Re: Bitcoin lower targets
Reply #2
PAAS is only down 7.5% off the last months highs...HL a whopping 18% and AG an even more whopping 23%. EXK the other that I started to follow 13%. Its been a really rough start to the year to say the least.

  • ken
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  • Global Moderator
Re: Bitcoin lower targets
Reply #3
PAAS is only down 7.5% off the last months highs...HL a whopping 18% and AG an even more whopping 23%. EXK the other that I started to follow 13%. Its been a really rough start to the year to say the least.
Marijuana stocks taking a beating this week. Should turn around soon.....

Re: Bitcoin lower targets
Reply #4
For Entertainment Purposes Only.

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: Bitcoin lower targets
Reply #5

I see an acceleration downward. Scary chart!

Re: Bitcoin lower targets
Reply #6
Hit tp2 it should give at least a little bounce, but i do not think it's done going down,
For Entertainment Purposes Only.

Re: Bitcoin lower targets
Reply #7
A 786 fib retrace is possible. That is what silver did from the 2011 high.

Looking more and more like this will happen.
For Entertainment Purposes Only.

Re: Bitcoin lower targets
Reply #8
For Entertainment Purposes Only.

Re: Bitcoin lower targets
Reply #9
In this thread there are comments like "scary chart" and chart targets just below $4500. All good forecasts as bitcoin is now around US$4500. There has been a steady trend down and over the last week it fell precipitously while the dollar fell less than a % per DXY. Momentum indicators are turning very sour with RSI very oversold. I think the bigger story is evaluating Bitcoin as a competing monetary phenomena. Money has of many two main characteristics, that being easy to use in exchange for goods and services and store of value. Bitcoin meets the first test, but looking at the chart, it fails miserably at the second; it is in good company with the US dollar on both accounts. I have never been a fan of Bitcoin or other crypto's and this quick look chart is confirmation of that position.


  • ken
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  • Global Moderator
Re: Bitcoin lower targets
Reply #10
Well the alt coins have been bad mouthed to the point people have loss confidence in them. Throw in a bank, a stock symbol and its prime time to loot it.

  • Erich
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Re: Bitcoin lower targets
Reply #11
Looks horrible but way oversold. Not touching it, but I still think I will win my bet with Nikko :D 

Re: Bitcoin lower targets
Reply #12
A 786 fib retrace is possible. That is what silver did from the 2011 high.

Target on this was 4384, today's low 4411
For Entertainment Purposes Only.

  • Nikko
  • [*][*][*][*][*]
Re: Bitcoin lower targets
Reply #13
Looks horrible but way oversold. Not touching it, but I still think I will win my bet with Nikko :D 
I rememeber we bet but cannot remember the #s.

  • Erich
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Re: Bitcoin lower targets
Reply #14
Looks horrible but way oversold. Not touching it, but I still think I will win my bet with Nikko :D 
I rememeber we bet but cannot remember the #s.
BTC below spot gold at a certain time ( can't remember the date) for a craft beer!