I presume a new ATH is high probability for Bitcoin and this might happen soon, like within a year...
However an exponential rise like the ones seen in previous periods is not a foregone conclusion, and it's plausible that Bitcoin might see a slow and steady gain in price instead
similar to that of Gold because also like gold, I see "robustness" as the primary distinguishing factor between Bitcoin and all the other cryptocurrencies.
Topic: ✅Healthy correction will always give you Healthy Bull run. (Read 271 times)
Healthy correction and a big drop are different things. We can't say this is a big drop or it is a healthy correction, maybe it is one or the other who knows.
However we can totally say that this is just a bigger one than expected, nobody expected bitcoin prices to move from $11.8k levels just like 10 days?
However we can totally say that this is just a bigger one than expected, nobody expected bitcoin prices to move from $11.8k levels just like 10 days?
I think we clocked $12k before it started rallying down hard, I remember being online and in one refresh of a chart we'd dropped from $12k to $11.34k in what seemed like a small amount of time.
The rise in price also wasn't that healthy if we're sauying this drop isn't healthy. It looks like it was a fast move.
How did you say so? If anything, $8000 level prices aren't really that unlikely(though I'm definitely not saying it will drop down that low, because no one knows). Significantly bigger levels of price drops(15% or more) aren't really new, and definitely not out of the ordinary.
The waves could still blow down to that $8,000 area except there is a huge impact made on cryptocurrency for a reversal to show up. The market is catching on the bear trend and trend is still on.
From memory: I thought $1000 is psychologically significant and then: $9400, $8800, $7500 or the areas around those, I don't think a drop to $8k will stay there and it will keep going a bit further. $7.5k could be a problematic drop but as long as we stay above $6k it might not effect much.
I could see us being healthy if we bounce of anywhere between here and $~8.4k (overcorrecting for the 8.6-8.8k levels).
🎯Expecting market will not close below $10100, before end of the week.
How did you say so? If anything, $8000 level prices aren't really that unlikely(though I'm definitely not saying it will drop down that low, because no one knows). Significantly bigger levels of price drops(15% or more) aren't really new, and definitely not out of the ordinary.
The waves could still blow down to that $8,000 area except there is a huge impact made on cryptocurrency for a reversal to show up. The market is catching on the bear trend and trend is still on.
Healthy correction and a big drop are different things. We can't say this is a big drop or it is a healthy correction, maybe it is one or the other who knows.
However we can totally say that this is just a bigger one than expected, nobody expected bitcoin prices to move from $11.8k levels just like 10 days? or so ago to now almost under $10k, which is really a huge change and it could very well mean that it is not a correction but a bear run, not guarantees it but definitely is around those levels.
This means at the end of the day we are talking about not a good return neither, if it is not a correction that means the return of bull may not be easy neither, and that is scary to think about too. I am not entirely sure what is required to name them correction or bear, but the future will make it clear.
However we can totally say that this is just a bigger one than expected, nobody expected bitcoin prices to move from $11.8k levels just like 10 days? or so ago to now almost under $10k, which is really a huge change and it could very well mean that it is not a correction but a bear run, not guarantees it but definitely is around those levels.
This means at the end of the day we are talking about not a good return neither, if it is not a correction that means the return of bull may not be easy neither, and that is scary to think about too. I am not entirely sure what is required to name them correction or bear, but the future will make it clear.
The market now is quite scary, the price of Bitcoin which continues to fall makes some investors panic.
Here we are mentally tested, whether we can survive by continuing to hold our Bitcoin. I also really hope
the Bitcoin price doesn't drop below $ 10,100. Hopefully the correction happened to Bitcoin, won't last long
and the Bitcoin price can go up again.
Here we are mentally tested, whether we can survive by continuing to hold our Bitcoin. I also really hope
the Bitcoin price doesn't drop below $ 10,100. Hopefully the correction happened to Bitcoin, won't last long
and the Bitcoin price can go up again.
I don’t think there is a “healthy” price correction and “healthy” bull run.
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I think what OP was trying to say is that, without a correction like the one we have right now, we won't see a healthy bull run. Not like the one we had way back in 2017. That was quite parabolic. Prices moved up so fast till $20K and went down 2x faster. That's not a healthy market. Ideally, markets should grow and then make retracements on the way up. Price should move in a zigzag-like pattern.
While everyone is expecting the CME gap between 9600 - 9800 to get filled before we get a relief rally, We can't be too sure that the support at 9500 will hold as they do break. Also, I've noticed, markets usually take a nose-dive towards the end of the year.
I don’t think there is a “healthy” price correction and “healthy” bull run.
Everything in the crypto space is unpredictable. You may not know when will the price go up or down, because it’ll happen without warning. Circumstances are always there, and they don’t have specific dates or times on when will it happen. Like that exchange hackers won’t announce on when they will dump their BTCs or ETHs, etc.
Everything in the crypto space is unpredictable. You may not know when will the price go up or down, because it’ll happen without warning. Circumstances are always there, and they don’t have specific dates or times on when will it happen. Like that exchange hackers won’t announce on when they will dump their BTCs or ETHs, etc.
As we expected in market value finally test below $10500.
✅Pray for bitcoin to move from here now
🎯Expecting market will not close below $10100, before end of the week.
Let see what will happen in near future. Constructive comment with analysis will be highly appreciated.
I won't disagree with you but as a matter of fact definition of healthy correction has been pretty varied amongst traders. If you see a few traders look Fibonacci levels for the same therefore if price goes up by 10% a 50% retracement is considered average but a retracement of more than 66% makes the bullish move useless. So if market comes down to 9500 I don't really think how do you refer to it as a correction I think it's beginning of a bear trend. This is the reason why many people lose money they just convince themselves that every downfall is a correction and upward move is a bull run. ✅Pray for bitcoin to move from here now
🎯Expecting market will not close below $10100, before end of the week.
Let see what will happen in near future. Constructive comment with analysis will be highly appreciated.
a healthy correction is when price goes up 20% then falls 5% not if it goes up 20% and comes back down the same 20% which is the case here when price went from $10k to $12k and then came down to $10k again instead of staying somewhere around $11.5k. that is no longer a "healthy" correction but rather a more excited "over sell".
As we expected in market value finally test below $10500.
you can only say it was "expected" if it was actually expected or speculated before it happened not after the price movement finished and it is clear where everything is!
for me, this "healthy correction" is just a way for permabull to cheer themselves up when the market doesn't move as they expected (i.e. continuous climb with only small retracement).
the price can still be "corrected" to 7k-2k if the market wants it and permabull will still call it a correction instead of reversal
the price can still be "corrected" to 7k-2k if the market wants it and permabull will still call it a correction instead of reversal
Well, if this is a correction, -- we are still on the correction stage. Bitcoin price was continuously dragging down at this moment, are we still on a healthy correction? If the price were broke the $10k or beyond the $10k, the correction is not healthy at all but a good opportunity for the investors because they can able now accumulate more and hold back again. Be always have a positive mindset in holding bitcoin, forget sometime when there is dump price in the market, it will help you from panic selling.
On what percentage we can consider as a healthy correction? theres no such thing about fixed price yet it can randomly go over to levels which we didnt even expect for it to happen.Price drops like this are normal because market cant really just having continuous price increase.Instead of panicking then better to buy more cheap coins but be sure that you do
still mind of the risk because price can even shoot down even deeper.
Well, if this is a correction, -- we are still on the correction stage. Bitcoin price was continuously dragging down at this moment, are we still on a healthy correction? If the price were broke the $10k or beyond the $10k, the correction is not healthy at all but a good opportunity for the investors because they can able now accumulate more and hold back again. Be always have a positive mindset in holding bitcoin, forget sometime when there is dump price in the market, it will help you from panic selling.
It has quickly recovered to $10,600. And if continues, the sudden correction won't look that bad at all. These corrections and bullish trends are fairly normal for bitcoin.
That's what the majority of the people who are aware of these moves. If we see a correction, it won't be that long that we're going to see it recover.
Actually you are right. Corrections usually last for a short period of time. Its just like giving free time to others who wanted to bought a very low price. Once they are filled then many whales are gonna make the price sky rocket again. This is how volatile and scary crypto market plays. The traders and investors who cant suppress their emotion will always be the losers here. Like everyone, who are afraid then will panic sell and thats it. They incurred lots of loss instead. That's what the majority of the people who are aware of these moves. If we see a correction, it won't be that long that we're going to see it recover.
Good for those people who have caught that price and satisfied themselves by buying on that level. The corrections nowadays are being looked as a buying time and opportunity for those who haven't made it.
Still, we take it as positive for those who have been staying long investing and holding bitcoin. For the new players and investors, it scares them when they see something like this but they have to be used to it.
It has quickly recovered to $10,600. And if continues, the sudden correction won't look that bad at all. These corrections and bullish trends are fairly normal for bitcoin.
That's what the majority of the people who are aware of these moves. If we see a correction, it won't be that long that we're going to see it recover.
Actually you are right. Corrections usually last for a short period of time. Its just like giving free time to others who wanted to bought a very low price. Once they are filled then many whales are gonna make the price sky rocket again. This is how volatile and scary crypto market plays. The traders and investors who cant suppress their emotion will always be the losers here. Like everyone, who are afraid then will panic sell and thats it. They incurred lots of loss instead. That's what the majority of the people who are aware of these moves. If we see a correction, it won't be that long that we're going to see it recover.
Have you taken a look at every other market? It seems to me that investors are taking profit from investments in every assets. Bitcoin and other altcoins has been crashing, and the same thing has been happening with the S&P 500, Gold, and many other assets, so it’s likely that investors are now taking profits since the price went up.
At the beginning of this year when the price of almost every market dropped due to the coronavirus, most of them took that as an opportunity to start investing in their favourite assets and now that the price has increased, they will see it as the right time to start withdrawing. If they should continue that way, the price of bitcoin might still drop before this week runs out.
At the beginning of this year when the price of almost every market dropped due to the coronavirus, most of them took that as an opportunity to start investing in their favourite assets and now that the price has increased, they will see it as the right time to start withdrawing. If they should continue that way, the price of bitcoin might still drop before this week runs out.
Healthy correction give healthy bull run but this is not called healthy correction. Their are still something need to change huge price manipulation in crypto. Like LTC goes 20 dollars to 10 dollars within a day is not called healthy correction. And all of the coin is down almost 50 percent. This is manipulated by big whales which is really bad impact on total crypto market. I mean anyone who have 100 btc can manipulate any coin. So this should stop in the market.
First, this topic isn't appropriate here, it should on the speculation board.
This might a small correction after all and there's nothing to worry about it. It's pretty normal to Bitcoin that has a correction on the price and it will pump again after a week nor without any timeframe. The price has been declined sharply this week and I saw the article on the CoinTelegraph these could might the reason. But we are still on a healthy stage of the price.
This might a small correction after all and there's nothing to worry about it. It's pretty normal to Bitcoin that has a correction on the price and it will pump again after a week nor without any timeframe. The price has been declined sharply this week and I saw the article on the CoinTelegraph these could might the reason. But we are still on a healthy stage of the price.
- Miners Outflows, selling their Bitcoin
- The U.S. dollar rally
- And the major resistance
It has quickly recovered to $10,600. And if continues, the sudden correction won't look that bad at all. These corrections and bullish trends are fairly normal for bitcoin.
That's what the majority of the people who are aware of these moves. If we see a correction, it won't be that long that we're going to see it recover.
That's what the majority of the people who are aware of these moves. If we see a correction, it won't be that long that we're going to see it recover.
🎯Expecting market will not close below $10100, before end of the week.
How did you say so? If anything, $8000 level prices aren't really that unlikely(though I'm definitely not saying it will drop down that low, because no one knows). Significantly bigger levels of price drops(15% or more) aren't really new, and definitely not out of the ordinary.
I couldn't agree more. While it is frustrating for most to see this market downtrend as a somewhat natural correction the situation could get a lot worse. How much worse, you're right we can't really tell but we've seen it doing it before so 8-9k isn't too unrealistic.
The fact that every transaction on ethereum network got so expensive to process is another factor to consider as contributing to the overall 'demise' to the crypto market. So, probably a good time to think about which exchanges you might want to use to cut your losses early.
As we expected in market value finally test below $10500.
✅Pray for bitcoin to move from here now
🎯Expecting market will not close below $10100, before end of the week.
Let see what will happen in near future. Constructive comment with analysis will be highly appreciated.
You cant tell that it wont go further down into that price yet market had always been unpredictable and of course these corrections are normal because we cant just see ✅Pray for bitcoin to move from here now
🎯Expecting market will not close below $10100, before end of the week.
Let see what will happen in near future. Constructive comment with analysis will be highly appreciated.
a market that do only having that one direction, there would always be a sell-off.
Also, how can you determine a healthy correction? yet all of them are just similar.Good thing here is that we do know that it can really have that organic growth rather than
seeing big green candles and red ones on a short span of time.
Im not really into talking of future prices specially on making out conclusions yet anything can happen in an instant.
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