Don't Fall for hope, BTC still falling

BITSTAMP:BTCUSD   Bitcoin / Dolar
in this chart, we can clearly see that bitcoin is still following the downtrend line and is still seeing bearish momentum. Why is this? well we usually see a sell off during december, but bitcoin has been greatly pumped and over extended and needed a massive correction. This is what we are currently enduring, but for how much longer? people are throwing around figures of $1000, $6000, $8000, while others believe it wont go down much further...I see from this chart that not only is there more bearish movement to be brought, but possibly a lower low down to $9000-$10,000 levels. The fundamental reason behind this, is that Ripple is now taking the spot light, and showing people a currency with instant and free transactions, A huge improvement from bitcoins current speeds and costs. Can Ripple dethrone Bitcoins market cap share? realistically yes, and possibly this coming january. So for all those holding, i would personally get out now and get into tether or ripple. Those looking to buy in, wait for lower levels.

better view of the TA
Wrong guessing
ghose12 stephen007
@stephen007, HE IS RIGHT ..DROPPING TO 11K
ghose12 ghose12
@ghose12, the key is to not marry a crypto. If you do, you will become ignorant about it. Just wait and see
@stephen007, can you explain your opinion?
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Daftar Keluar