Rising up is too fast and being down is too fast . I could not understand what happned in 10 minutes before.
It was down from 1,126$ to 920$ just only 10 minutes. it's unbelievable.
It was down from 1,126$ to 920$ just only 10 minutes. it's unbelievable.
Basically it was because of the sudden rise of prices too. I think this is what they are talking about. This was the correction they are saying that will happen. Looks like it happened too quickly, it happened within ten minutes. I watched this happen on poloniex. It was really scary to see my funds drop by 20% in just that ten minutes.
This was the expected correction but everyone thought that it will break the $1200 old price after that it will crash but same like before touching $1000 it crashed from $950 to $ 870 it went and was roaming in that range for some days and then it bounced back and went up to $1126 but now back the resistance is tested so i think this correction is healthy and if the price stays i this range then next bounce back we can expect the ATH price to be crossed and next all time high price range will be created.
It's really unstable now. Prices drops and rises within $900 and $1,000. Not really going below $900 too much, just reaching around $870 and not really going above $1,000. It's very confusing to decide whether to sell or not at this point. Probably, I'll just hold and see what happens. I just hope it going back to $1,100 and above.
So confusing though..
I hope it increases to 1k again.
so i can make some trading
Yep, now it's back to $930 and it looks like it will be stabilizing at this level for quite some time. I just hope it does stabilize and not be jumping up and down by a big margin. That would make it too volatile to even use it. It would be hard to price things when the currency is fluctuating in prices. A stable $1,000 price level is what I want to see.
