I beleive we are in a correction period but I wouldn't tell that this is something we should be worried about. Masne it's in contrary with expectations of many who after first price rise over 10000$ predicted strong growth but I would say that it's natural part of volatility.
Also, I don't expect some sharp price fall and price will continue to fluctuate. However, I don't expect that it might go under 8500$ in current situation.
Topic: Is it correction time? Market down by 8% (Read 774 times)
Time to be positive again for today and a few days forward at least. I think till next Monday consider a bullish bias perhaps, seems to be part of the wider market and maybe look at that also for some tone to moves possible.
I'd generally say we've bottomed out in terms of normal movement, we've come down a bit and generally BTC isnt moving a large amount also not in one direction.
10k to 9k is 10% correction so the OP has a correction and now it corrects itself :p
50 day moving average there is blue and marks our bottom pricing. I've tightened my stops.
I'd generally say we've bottomed out in terms of normal movement, we've come down a bit and generally BTC isnt moving a large amount also not in one direction.
10k to 9k is 10% correction so the OP has a correction and now it corrects itself :p
50 day moving average there is blue and marks our bottom pricing. I've tightened my stops.
That is kinda the point of corrections, I mean when you go down that much you either go back up to a higher price than you initially were, or the people who caused the correction are right to sell and you go down. We either will go towards $11k+ price because now that people who sold around $10k levels are gone and sold their money so we can go beyond $11k+ a lot more easier than we tried last time, OR we gonna just keep going down because people are tired and out of money to keep try to get bitcoin to a higher price and reach around $8k or so levels.
Now, I do not see bitcoin go anything lower than $8k, that would be also idiotic from the people who end up selling under that price because we all know that is unsustainable price for the miners and eventually they will stop selling which will cause it to go up anyway so why would you sell it to begin with.
Now, I do not see bitcoin go anything lower than $8k, that would be also idiotic from the people who end up selling under that price because we all know that is unsustainable price for the miners and eventually they will stop selling which will cause it to go up anyway so why would you sell it to begin with.
Corrections are completely natural I agree and a market needs it to be healthy,,, just see what happened when btc hit 20k without correcting. It went all the way down to 3k, and that hurt a lot of people. This is okay now. Staying at 10k several weeks and down to 9k. Remember, it can even go down to 4k, but that is the pure bottom in my eyes,,, long term always up!
The market has surely taken a dip at the moment and you can clearly conclude that this might be the last correction time before we the market starts to rise again with the upcoming bitcoin block halving. This is the perfect time to buy the dips and sell when the price of coins and tokens increases.
Indeed, the market is currently in red status and a good timing to buy coins like btc and other popular alts.So lets not take this dip negatively because its an opportunity to accumulate for those who dont have btc yet.
The correction we currently see is temporary plus halving is approaching hence be patient because good things will happen for this year (hopefully).
The market has surely taken a dip at the moment and you can clearly conclude that this might be the last correction time before we the market starts to rise again with the upcoming bitcoin block halving. This is the perfect time to buy the dips and sell when the price of coins and tokens increases.
well the price of bitcoin is currently falling very deep and indeed very suitable separately to buy bitcoin at a price when it falls but for now it has not been seen how bitcoin prices when halving occurs will rise or not I think no one can provide a guarantee so after you buy bitcoin at cheap prices like now and then you save it until halving occurs and pray that the price goes up. 
now the OP is winning because the downfall is continuing and now we are at $9,100 level and seems bellowing to $9,000 as i am typing.
i will revoke my first comment and change it to Correction is at place now,maybe this is the last correction before halving and we can see at least better movement once it is done.
It looks like the current price is quite normal. I think this reduction will not end until under $ 9,000.
while we are asking not to fall under $9k but if this is correction then expect much lower than that.
i will revoke my first comment and change it to Correction is at place now,maybe this is the last correction before halving and we can see at least better movement once it is done.
It looks like the current price is quite normal. I think this reduction will not end until under $ 9,000.
however, price reductions often occur at the end of the month, so this is normal. in addition, this proves that the price of bitcoin will not start from the price of $ 10,000 at the beginning of March 2020. I think, before halving, the price of bitcoin will rise again quickly.
still no one can tell,Volatility and manipulation is now the main reason of this price movements.(IMO) The market has surely taken a dip at the moment and you can clearly conclude that this might be the last correction time before we the market starts to rise again with the upcoming bitcoin block halving. This is the perfect time to buy the dips and sell when the price of coins and tokens increases.
Still going down.
There is a lot of talk about the Bitcoin halving and there are huge expectations.
History proved that Bitcoin halving was the catalyst for the bullrun. Will it be the same this time?
If we can survive Coronavirus, then we will live to see it
to hold. Those who are really following this market have a high hope that it will bounce and bring bigger benefits to their investment.
The market has surely taken a dip at the moment and you can clearly conclude that this might be the last correction time before we the market starts to rise again with the upcoming bitcoin block halving. This is the perfect time to buy the dips and sell when the price of coins and tokens increases.
Still going down.
There is a lot of talk about the Bitcoin halving and there are huge expectations.
History proved that Bitcoin halving was the catalyst for the bullrun. Will it be the same this time?
The market has surely taken a dip at the moment and you can clearly conclude that this might be the last correction time before we the market starts to rise again with the upcoming bitcoin block halving. This is the perfect time to buy the dips and sell when the price of coins and tokens increases.
Still going down.
There is a lot of talk about the Bitcoin halving and there are huge expectations.
History proved that Bitcoin halving was the catalyst for the bullrun. Will it be the same this time?
If we can survive Coronavirus, then we will live to see it
The market has surely taken a dip at the moment and you can clearly conclude that this might be the last correction time before we the market starts to rise again with the upcoming bitcoin block halving. This is the perfect time to buy the dips and sell when the price of coins and tokens increases.
So far as corrections go, Bitcoin is a lead balloon that floats in mercury seemingly forever despite volatile elements. When it kicks the bucket, its acts like millipede and we wait a hell of a long time for it to finish the momentum it had previously before declining properly and moving to the downside. It must be some offset from being a global market, a normal market trades mainly in a large city and the price then propagates to the rest of the world, whereas BTC holds a committee meeting every 4 hours and 6 times a day where it may or may not get to decide properly on where the price is going to go.
Seems we end up sideways or in cycle more often then not, then it sharply moves the way you suspected a dozen times previously and gave up 2 weeks ago on. Its on a monthly average now which has been the low about 3 times in last 4 days. If it can close below 9400 it'll be more certain, it has put in a 3rd lower high which gives small credence to bearish take I think.
Seems we end up sideways or in cycle more often then not, then it sharply moves the way you suspected a dozen times previously and gave up 2 weeks ago on. Its on a monthly average now which has been the low about 3 times in last 4 days. If it can close below 9400 it'll be more certain, it has put in a 3rd lower high which gives small credence to bearish take I think.
I think we are going to see something like 11k+ very soon. All we need is another push and some sort of breakable resistance in order to above without anyone selling to take their profits but continue for a little bit more than they usually do.
If bitcoin price can bounce to the higher price, we will see $11k. Sooner or later, we will see that price no matter if bitcoin price now still fluctuated, but when the right time arrives, the bitcoin price will start to increase again. I think we can still make a profit from these situations, as long as we can get the lower price and sell at a higher price because I see that the time to buy and sell at that price still available.
It's possible for us to earn on this current situations especially if we can enter on great positions and hit the perfect movement of bitcoins, But we shouldn't get hyped since possibly we can experience a huge pump and dump since the situation still unpredictable so best sell whenever we see a opportunity to move up and secure our profits. But if you can afford to risk your money for now then buy and hold to aim long term profits.
Why would wait if you can eventually get it on short possible of time?
Market had always been unpredictable thats why making conclusions or analysis wont really be precise anytime.No matter how expert or pro you are in markets
but dealing with crypto are would be entirely different. Correction just because of 8% down? Same as others said this is jut like
a normal day here on crypto.
That is kinda the point of corrections, I mean when you go down that much you either go back up to a higher price than you initially were, or the people who caused the correction are right to sell and you go down. We either will go towards $11k+ price because now that people who sold around $10k levels are gone and sold their money so we can go beyond $11k+ a lot more easier than we tried last time, OR we gonna just keep going down because people are tired and out of money to keep try to get bitcoin to a higher price and reach around $8k or so levels.
Now, I do not see bitcoin go anything lower than $8k, that would be also idiotic from the people who end up selling under that price because we all know that is unsustainable price for the miners and eventually they will stop selling which will cause it to go up anyway so why would you sell it to begin with.
Now, I do not see bitcoin go anything lower than $8k, that would be also idiotic from the people who end up selling under that price because we all know that is unsustainable price for the miners and eventually they will stop selling which will cause it to go up anyway so why would you sell it to begin with.
I think we are going to see something like 11k+ very soon. All we need is another push and some sort of breakable resistance in order to above without anyone selling to take their profits but continue for a little bit more than they usually do.
If bitcoin price can bounce to the higher price, we will see $11k. Sooner or later, we will see that price no matter if bitcoin price now still fluctuated, but when the right time arrives, the bitcoin price will start to increase again. I think we can still make a profit from these situations, as long as we can get the lower price and sell at a higher price because I see that the time to buy and sell at that price still available.
It's possible for us to earn on this current situations especially if we can enter on great positions and hit the perfect movement of bitcoins, But we shouldn't get hyped since possibly we can experience a huge pump and dump since the situation still unpredictable so best sell whenever we see a opportunity to move up and secure our profits. But if you can afford to risk your money for now then buy and hold to aim long term profits.
you have predicted it right mate because now we are suffering from fall again maybe this is the effect of Correction?downing from Above $10k and now almost falling to $9,500 ,somethings changing this way and i think yeah this is correction.
but i think this will not last long and sooner we will be on top again as Halving is coming nearer right?
there is only 20-25 $ billion has been take out from the market capitalization this is not that big to expect a total dump and also market is recovering slowly each time the fall happens.
but i think this will not last long and sooner we will be on top again as Halving is coming nearer right?
there is only 20-25 $ billion has been take out from the market capitalization this is not that big to expect a total dump and also market is recovering slowly each time the fall happens.
Same thing happened in summer 2019 when BTC went to $13 000 everyone was screaming Bullrun. Of course it was just a little tease.
People were just buying for the upcoming halving and restocking their coins for cheap. I assume we have the same situation here.
and that is what i think we all need to do,specially us who's being here for long time and already seen same situation coming back again and again.It's just a little foreplay before the real game starts.
and all we need to have is trust and Guts with risk as well. 
I think we are going to see something like 11k+ very soon. All we need is another push and some sort of breakable resistance in order to above without anyone selling to take their profits but continue for a little bit more than they usually do.
If bitcoin price can bounce to the higher price, we will see $11k. Sooner or later, we will see that price no matter if bitcoin price now still fluctuated, but when the right time arrives, the bitcoin price will start to increase again. I think we can still make a profit from these situations, as long as we can get the lower price and sell at a higher price because I see that the time to buy and sell at that price still available.
I think there is not really all that much left in the tank for the sellers anymore, we will probably see no more corrections or maybe 1-2 might have been left but that's it, after that it will definitely be anyone's game. When the people who have a sell order in place or even sell order in their minds that they will sell after reaching a certain point, we get a combined and collective sell rush all of a sudden just as we go up and that causes the price go down, that is literally what happened in the past 2 months whenever we broke above 10k.
I think we are going to see something like 11k+ very soon. All we need is another push and some sort of breakable resistance in order to above without anyone selling to take their profits but continue for a little bit more than they usually do.
I think we are going to see something like 11k+ very soon. All we need is another push and some sort of breakable resistance in order to above without anyone selling to take their profits but continue for a little bit more than they usually do.
As you can see in the last days, it seems that the price is inching at $10k again, so we see retracement to $9500-$9600. So we don't need to get upset, what we need is more patience.
Exactly, at this time we need to relax as bitcoin is bullish in the sense that it's just going an uptrend direction but because bitcoin do bounce back after a dump, with the price now, we only need 100 usd for btc to be back in $10,000 again but I am confident it will rise close to $11,000 once it pump. market is down/up, what matters is we are still here believing bitcoin will still rise and this year will be bullish.
I guess so because we almost get in the downtrend in 2 weeks, so maybe it is the time to see another high, but to break $10,500 still be difficult.
i don't get why some people refer to the current situation as a "downtrend". it doesn't make any sense. a downtrend is where price keeps going down and losing value, whereas what we have in the market nowadays is going "sideways" which is both up and down between $9200 and $10500. the entire month of February was like this.
I guess they also have their own definition of a " downtrend" which is also wrong. Because a trend is a continuous movement without changing direction, though it may slightly changes its direction at some point, but in the long run it will display an obvious outcome.
IMHO, most of the time people who calls a slight pull back of price a "downtrend" has a very bullish mindset, which easily get upset if Bitcoin decreased its value.
These people didn't learn something with bitcoin, they're more focused on how it increase an impressive value. Bitcoin's character remains very interesting, but it's not good for the newbies because eventually they tend to be more stressed compared to old holders. They should start to value a very important aspect that could help them establish a good stand in order to manage their asset while market still in recovery as well.
a complete newbie or just recently know about crypto market then you would really be get shocked but same as you said for those who have been here into this market will treat these movements
as a typical day price volatility.People do only expect that price do shoots up continuously without any corrections which is really a wrong perception because market doesnt work or move that way.
I guess so because we almost get in the downtrend in 2 weeks, so maybe it is the time to see another high, but to break $10,500 still be difficult.
i don't get why some people refer to the current situation as a "downtrend". it doesn't make any sense. a downtrend is where price keeps going down and losing value, whereas what we have in the market nowadays is going "sideways" which is both up and down between $9200 and $10500. the entire month of February was like this.
I guess they also have their own definition of a " downtrend" which is also wrong. Because a trend is a continuous movement without changing direction, though it may slightly changes its direction at some point, but in the long run it will display an obvious outcome.
IMHO, most of the time people who calls a slight pull back of price a "downtrend" has a very bullish mindset, which easily get upset if Bitcoin decreased its value.
These people didn't learn something with bitcoin, they're more focused on how it increase an impressive value. Bitcoin's character remains very interesting, but it's not good for the newbies because eventually they tend to be more stressed compared to old holders. They should start to value a very important aspect that could help them establish a good stand in order to manage their asset while market still in recovery as well.
Jump to: