Correction in the next days? - page 5.

Kemarit

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Quote from: Paulinerims on April 29, 2020, 05:30:40 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?

There's no stopping if people are into FOMO, when we touch $8000, I think there is where it started, as you can see in less than 24 hours we almost touch $9000 with a +10%. We are like 10 day prior to halving, so I don't think that FOMO will stop until the day of the halving itself. So the best way to sort of mitigate this risk is to really be attentive, simply watch how the market moves so that you won't be surprised if a sudden dump appears. If if we hit $9000 today? obviously five digits prior to the halving is possible. And there's where the fun starts again.

AliMan

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Quote from: Paulinerims on April 29, 2020, 05:30:40 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?

I don't expect too much of that in the next couple of days to go, but there's always a random situations that might occur which we didn't expect. Just be calm and always be ready, because who knows there's a huge spike that initiate when the full recovery happens.

TimeTeller

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Quote from: LeGaulois on April 29, 2020, 12:58:26 PM

I suppose we're currently in a FOMO period and everyone is buying Bitcoin with the hope the price pumps with the halving.
However, there are also indicators showing us the price can dump before the event like the trading volume declining, the current economic situation, the high unemployment rate...

There's still a good possibility the price will keep going up. Possibly as high as $9000.

We are almost in 9k mark as of today. I guess 10k is very easy to reach in the coming days.
But if you are a btc holder or investor, just be alert on what's going on.
Better to have small profit rather than have nothing or in the losing end.
But I am more inclined on the positive side, bitcoin will rise even if we are still in the pandemic situation.

jackg

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https://bit.ly/387FXHi lightning theory

Most markets look to be going up (that aren't directly linked with certain commodity prices), I think this run can continue until the tranditional stock markets start to see a fall again - at which point I'd expect bitcoin to breakout in a certain direction (most likely down but everyone's cutting interest rates atm)...

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Quote from: Paulinerims on April 29, 2020, 05:30:40 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?

Price correction is inevitable and you should always put that in mind but people cant really avoid not to think about FOMO thing where this price can possibly shoot up even more on upcoming days or until
on halving time.No one really knows.!

Dont know about that lots of talks about 10% price dump which you shouldnt really rely into these information because these are just pure speculation and doesnt have that precision in towards
predicting prices.Serious? anything can be serious because the market can easily fucked you up big time. Cool

Timmzzy

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I bet those are speculations, just trust on your speculations of how the market will be in the upcoming week, to me I see a correction already last week was really red. And all altcoin with bitcoin and ETH has just picked up the bull run. Just have fingers crossed and follow up some F.A.

BChydro

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Quote from: avikz on April 29, 2020, 02:44:03 PM

If we look at the history, we have see huge price surge post every previous halving. So people are trying to enter the market so that they can take out some big profit.

The market is going by the historical surges when it reaches the time of halving and then we will see periodical minor correction and then the market testing the higher resistance levels and after a few months after halving we usually see a huge rally breaking the past all time high valuation, there are familiar scenes for anyone who have witnessed halving in the past but what happens this time still confuses me as the economic situation is not that strong like in 2012 and in 2016 and will the economic situation prevent the bull run ?

gantez

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Quote from: Paulinerims on April 29, 2020, 05:30:40 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?

I'm not seeing a correction because price has not had a bull run for a long time but has gradually moved up to what price is selling now. This might continue until we see the halving come. Even for correction, it could be slight rebound and continues bull.

jrrsparkles

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Quote from: Paulinerims on April 29, 2020, 05:30:40 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?

Market seems very bullish for the past few days so we may expect a correction soon but not a dump just the correction.But we never know how long the price will increase before the correction happens so its better to buy now than waiting for the correction.

thecodebear

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I would say highly likely. But there is no way to know how high it will go before correcting. Maybe the just under 9000 it posted already today is the top of this pump and we'll see a correction back to 7000s perhaps in the next few days. Or maybe it'll keep pumping to 10k or 11k. But I would personally say with high confidence there will be a correction back to around 8000 or likely under 8000. Personally I sold my last bitcoin trade at 8930 and I've got all my buy orders set from 7820 to 8600 right now, and the 8600 one already got hit.

I think it is unlikely that the market doesn't touch back on that previous resistance zone of high 7000s to signify that it is now a support zone. But I also don't think it'll spend much time at all under 8000 from here on out, and expect 8000s, 9000s, 10,000s to be the levels for the month of May.

avikz

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Quote from: Paulinerims on April 29, 2020, 05:30:40 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?

No one really knows! But I believe the current surge in price is fueled by the "Fear of Missing out" of FOMO as correctly pointed out by LeGaulois. People who are expecting big bull run post halving, have started buying out of FOMO which is currently pushing the price higher. So a correction may come for a short period of time by the normal rule of market. But it may not happen as well. If we look at the history, we have see huge price surge post every previous halving. So people are trying to enter the market so that they can take out some big profit.

But anyway, we are speculating here and really not certain about what's going to happen! So keep mum and watch the market.

rathaha10

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The hype around the halving is pretty strong and as such i don't see any dump correction coming soon but maybe after the halving as people will continue to but prior to the halving with the hope of selling at higher prices if at all the halving pump up the price. The possibility of the price seeing correction immediately after the halving is pretty strong as everyone will want to cash out profits

htsy585

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Quote from: Paulinerims on April 29, 2020, 05:30:40 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?

To be honest, this market is really unpredictable as we've seen least expected thing happened multiple times. With the fomo flying around and people getting into bitcoin because of the upcoming halving, it is safe to say the market will hardly experience any tangible corrections but however, we've seen unimaginable things happen in this market so it's still a two way thing.

LeGaulois

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I suppose we're currently in a FOMO period and everyone is buying Bitcoin with the hope the price pumps with the halving.
However, there are also indicators showing us the price can dump before the event like the trading volume declining, the current economic situation, the high unemployment rate...

There's still a good possibility the price will keep going up. Possibly as high as $9000.

Paulinerims

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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?

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