Correction in the next days? - page 4.

thecodebear

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Quote from: Coin_trader on April 30, 2020, 09:29:26 PM

Quote from: thecodebear on April 30, 2020, 09:19:55 PM

Quote from: rexxarofmoknathal on April 30, 2020, 01:39:30 PM

I am not expecting a correction.

A correction is a term that is used to describe a reversal after a significant market movement (usually over a short time frame).

If anything, the current bullish momentum is the correction following the events of Black Thursday, which saw BTC and most other cryptocurrencies get absolutely stomped in Mid-March.

I dont think we'll go far below $8,000 until some time after the halving (if only temporarily).

Agreed that the current upwards movement is a correction from the panic sell back in March.

But also I would certainly describe a drop from 9400 to 8400, which we already had in the day after the pump, as a correction, and I bet it goes lower still.

That's not a correction but rather a hype due to the upcoming halving. This is common scenario that bitcoin pump to an incredible percentage just like what happened on previous halving. The big drop from 9400 to 8400 is what you called correction due to sudden price charge. The march panic sell already corrected when the price reach 6000 to 7000 range on that same month also.

This big price movement is just a hype that whales always do to manipulate price by using the halving event.

No. Halving is well known about and is fully priced in. Any pump is not due to halving. Pump is either from whales initiating a pump and retail market following through or from the price simply continuing to correct back from the pandemic panic dump, or really more likely simply from the natural occurrence of the market pushing on a big resistance zone until it broke and then as what often happens if shoots up afterwards, then corrects downwards - that is an exact description of what happened the past two days. The market is not suddenly hearing about the halving two weeks before it occurs, it is an extremely well known event.

buwaytress

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Quote from: target on April 30, 2020, 09:08:06 AM

I wasn't dumped hard. We may have to wait a little longer within a week to see if it goes back to $6k, it would be very shocking to see if it's going to drag its price below it. If someone really will dump his stash I'd be holding for a long time then. Crazy shits happen when you know the price is pumped this way. It's just not normal to see it go extreme swings up to 18%.

Exactly, I mean yes, 9400 to 8700 seemed like a huge 700-dollar drop but gotta remember we've been pushing and pushing for so long, the retracement was bound to happen, if it were a dump, we'd have pulled back to low 8000s for sure.

Good signs of strength on Friday, I'm guessing we'll see a return of the weekend bulls.

harizen

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Quote from: Paulinerims on April 29, 2020, 04:30:40 AM

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

Actually not in the next days but always. The recent price increase drove speculation that we might see another leap so others join the party. FOMO or not, should be taken seriously and don't be carried away although it's always a good entry point at below $10,000.

What should we expect in the next following days? Damn, that was really unpredictable. If you think halving can bring the price up without any hype, then just made an entry point today. Honestly, looking at indicators will just give you more confusion although always take note of what they are directing and considered that as your reference.

Harriti

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Quote from: Paulinerims on April 29, 2020, 04:30:40 AM

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

This is completely normal when the fomo is too strong. It is well known that prices will rise to a certain point and it will gradually weaken and people will sell off to be profitable at that time. That's why the price suddenly dropped sharply, but don't panic, that's a good opportunity for us. I often take advantage of strong sell-offs to buy coins and hold it for 5-7 days and then sell them for profit.

Coin_trader

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Quote from: thecodebear on April 30, 2020, 09:19:55 PM

Quote from: rexxarofmoknathal on April 30, 2020, 01:39:30 PM

I am not expecting a correction.

A correction is a term that is used to describe a reversal after a significant market movement (usually over a short time frame).

If anything, the current bullish momentum is the correction following the events of Black Thursday, which saw BTC and most other cryptocurrencies get absolutely stomped in Mid-March.

I dont think we'll go far below $8,000 until some time after the halving (if only temporarily).

Agreed that the current upwards movement is a correction from the panic sell back in March.

But also I would certainly describe a drop from 9400 to 8400, which we already had in the day after the pump, as a correction, and I bet it goes lower still.

That's not a correction but rather a hype due to the upcoming halving. This is common scenario that bitcoin pump to an incredible percentage just like what happened on previous halving. The big drop from 9400 to 8400 is what you called correction due to sudden price charge. The march panic sell already corrected when the price reach 6000 to 7000 range on that same month also.

This big price movement is just a hype that whales always do to manipulate price by using the halving event.

thecodebear

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Quote from: rexxarofmoknathal on April 30, 2020, 01:39:30 PM

I am not expecting a correction.

A correction is a term that is used to describe a reversal after a significant market movement (usually over a short time frame).

If anything, the current bullish momentum is the correction following the events of Black Thursday, which saw BTC and most other cryptocurrencies get absolutely stomped in Mid-March.

I dont think we'll go far below $8,000 until some time after the halving (if only temporarily).

Agreed that the current upwards movement is a correction from the panic sell back in March.

But also I would certainly describe a drop from 9400 to 8400, which we already had in the day after the pump, as a correction, and I bet it goes lower still.

carlfebz2

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Quote from: sana54210 on April 30, 2020, 03:23:10 PM

We are around $8.9k that is not really that much drop honestly, the world is actually getting used to bitcoin right now because we became the biggest year to date profit machine in the whole world even with corona on the way. Almost everything lost money year to date, some of it break even barely, some of it actually went up but dropped after corona, we out here making 20%+ profits on YTD prices!

Correction will probably happen a bit more, but I do not see anything huge, from $9.4k prices to here we already did had a correction, that is all there is to corrections honestly, you do not need to have like 2k drop or something to call it a correction, just a 500-600 drop is more than enough to call it a correction and not expecting anything more from it.

When we do talk about correction then this one would pertain with huge price drops but if we do talk about a few hundred dollars in terms of drops then
it would really be just called a typical movement here on crypto space.Of course these kind of movement are just normal and also that so called
correction does really have that possibility to happen.

Hoping that we shouldnt really dtop that hard for us to see some 5 digit price once again for this year but well, we wont know if it wont happen
or that kind of correction is just on the corner.

sana54210

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We are around $8.9k that is not really that much drop honestly, the world is actually getting used to bitcoin right now because we became the biggest year to date profit machine in the whole world even with corona on the way. Almost everything lost money year to date, some of it break even barely, some of it actually went up but dropped after corona, we out here making 20%+ profits on YTD prices!

Correction will probably happen a bit more, but I do not see anything huge, from $9.4k prices to here we already did had a correction, that is all there is to corrections honestly, you do not need to have like 2k drop or something to call it a correction, just a 500-600 drop is more than enough to call it a correction and not expecting anything more from it.

YOSHIE

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Quote from: Paulinerims on April 29, 2020, 04:30:40 AM

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

How sure you count (halving) if it happens to Bitcoin, that's the truth.

No one can believe the decline in the price of bitcoin before halving, predictions and various corrections arise in the market some say $ 8,000, $ 7,000 and so on.
Clear for now the right time if you want to invest and buy some Bitcoin to invest in futures, clearly this is all returned to yourself, confidence.
People only give opinions of your own considerations and actions that determine profit and loss.

I wish you good luck when the time comes.

EdenDice

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Though I don't know the future but what I believe is, in the next weeks, Bitcoin price will have correction or dump! So, take the profit now and don't be greedy! Halving date is not important, it's just a hype, we can see price increase about 1-2 years later! In twitter, I saw many people keep telling to take profit and be prepare for a dump! Today's growth was really unexpected!

rexxarofmoknathal

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I am not expecting a correction.

A correction is a term that is used to describe a reversal after a significant market movement (usually over a short time frame).

If anything, the current bullish momentum is the correction following the events of Black Thursday, which saw BTC and most other cryptocurrencies get absolutely stomped in Mid-March.

I dont think we'll go far below $8,000 until some time after the halving (if only temporarily).

bitbunnny

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Quote from: cassavachips on April 30, 2020, 10:59:24 AM

My analysis leads to a slight correction, but I am still hesitant for large or only a small amount. Clearly it will happen later.

Well, this is speculation, it might happen but it doesn't have to. Some correction already happened after quite a quick rise but how far this will go and if further corrections will happen that it's about to see in next days. However, I don't expect some hard dump that should worry us
But now it's the good moment for daily trader to profit.

cassavachips

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My analysis leads to a slight correction, but I am still hesitant for large or only a small amount. Clearly it will happen later.

MCobian

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I'm not sure bitcoin will dump around 10% before halving occurs. Seen prices in the market are now increasingly rising, this is a sign of
the price of bitcoin will continue to rise until halving bitcoin ends. If until correction happen, it is likely around 3% -5%. For me, if it happens,
opportunity to buy more bitcoin. Because I'm sure at least bitcoin can reach $ 12k this year.

target

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I wasn't dumped hard. We may have to wait a little longer within a week to see if it goes back to $6k, it would be very shocking to see if it's going to drag its price below it. If someone really will dump his stash I'd be holding for a long time then. Crazy shits happen when you know the price is pumped this way. It's just not normal to see it go extreme swings up to 18%.

Kasabus

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Quote from: Sadlife on April 30, 2020, 02:23:05 AM

As the price went over $9000, yes im expecting a little correction because it makes the market healthy unlike the 2017 bullrun where the price went on a parabolic rise to the upside without consolidation or pullbacks which lead to a long term bear cycle. What im looking for is the price to have a small little breather with the next coming weeks and continue its rally. This indicate that the market can push through new all time highs.

Everyone is expecting for the crypto market to reach another all time highs particularly before halving comes. But i think what we have at the moment is just FOMO that everyone tempts to buy and hopes that they will make profits from it when halving is finally here. But history can tell that before an expected halving appears, another price correction will happen. This is not new to us so let's just prepare for this once happens.

Reatim

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Quote from: Paulinerims on April 29, 2020, 04:30:40 AM

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

it looks like opposite happens?because we are now in Bullying market reaching 9300$+ with 18% growth just for today?

but of course correction is always next to Pump so maybe there will be a slight correction before the halving couple of weeks before coming.

Actually there are some Big price for the Halving time prediction,

https://bitcointalksearch.org/topic/bestchangecom-contest-bitcoin-halving-time-predictions-5244732

Check it out for a chance to win lol.

BitcoinTurk

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Quote from: Paulinerims on April 29, 2020, 04:30:40 AM

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

When I do technical analysis in detail, I see that all support and resistance points are constantly broken upwards. Under normal circumstances, I was expecting a correction movement, at least in the range of 3-5%, but it does not seem possible in such conditions. In particular, there may not be any price correction to think that many investors are perceived to be on the rise and are making continuous purchases. I repeat, this is not a healthy price move, so it would be beneficial to trade carefully. There is a very critical process ahead of us, the price can change direction unexpectedly or continue to climb up unexpectedly.

thecodebear

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We just got a pullback already from 9400+ down to 8500+. Wouldn't be surprised to see it dip a bit further today.

Sadlife

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As the price went over $9000, yes im expecting a little correction because it makes the market healthy unlike the 2017 bullrun where the price went on a parabolic rise to the upside without consolidation or pullbacks which lead to a long term bear cycle. What im looking for is the price to have a small little breather with the next coming weeks and continue its rally. This indicate that the market can push through new all time highs.

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