Topic: Is it correction time? Market down by 8% - page 4. (Read 774 times)
Bicoin moved from 8,000 form December to over 10,200 before feb. i think the bull market was not that huge. expecting such correction is too early. the pump wasn't much huge and i don't think this correction is right. the sell off was to avoid been rekt. currently XRP went down in bitmex and affected lot of people recently. the current drop is as a result of not getting Rekt Not market correction.
I was wondering the same. As of now, we are still standing at $9,920. An analyst named dave the wave made a pretty accurate prediction back then and are saying that this is just a short term call we should look at the mid-long term. I don't know if this is correction time so I'm at standing by, setting my stop loss at around $9,500. Though I hope that it really is because I'm still short (lol) Or maybe this is just a small another pull back before you go beyond $10,000? I doubt it will be severe though. Just watch the market close for now because anytime it might change drastically in a matter of minutes.
Yes, it is correction time, although the market is down by 8%. The correction time will be varied and will be the same from time to time, so if in this time we see bitcoin price is down for $9,900, then that is what we see, and we hope that the price will not go down for more. We need to be careful because the price can move to any price, even the price can go down again. So if you want to buy bitcoin, make sure you already analyze and decide on what price you want to buy bitcoin.
We should know by now that BTC is able to increase in prize and that we should take advantage of the prize we can get it in discounted price especially now that halving is coming and that there will be a chance for us to earn. It may also due to crisis that are happening globally but know that this prices will definitely will go up again. We just need to learn how to monitor and take advantage on it. 
Its not surprising actually because thats the nature of crypto, if there's a price increase expect a minor correction due to some investors taking advantage the situation.
I'd like to think this is a minor recovery, in the coming days the market will recover again, for sure other investors will buy back to accumulate especially that halving is few months away.
Thus dont worry too much and just go with the flow because this is temporary, remember the market is high volatile.
I'd like to think this is a minor recovery, in the coming days the market will recover again, for sure other investors will buy back to accumulate especially that halving is few months away.
Thus dont worry too much and just go with the flow because this is temporary, remember the market is high volatile.
Yes, it is correction time, although the market is down by 8%. The correction time will be varied and will be the same from time to time, so if in this time we see bitcoin price is down for $9,900, then that is what we see, and we hope that the price will not go down for more. We need to be careful because the price can move to any price, even the price can go down again. So if you want to buy bitcoin, make sure you already analyze and decide on what price you want to buy bitcoin.
buying on current price has high risk in my opinion, we need to wait deep correction so we will get best price. today we see 8% correction and chart show bearish signal,maybe it will down again before halving time coming. we know in financial market we often heard about "sell the rumor and buy on fact" .maybe it happen now to cryptocurrency market in next several weeks after few weeks we see bullish movement. 
Market will move up and down these days, when the volatility hits, it doesn't matter the direction, it just moves up and down constantly after a while. Sure the market went up a lot but that kinda means if it can be volatile towards upwards, it could be volatile against downwards as well, thats why I do not really bother with these kinds of small downsizings and corrections, they are bound to happen all the time when the volatility starts. Let us just hope that this volatility will continue because going down %8 is fine if we can somehow continue to go towards 20k route, like going from 7k to 10k to 9k to 12k to 11k to 13k type of movements are fine as long as we go upwards in the long term and keep profiting.
You are right, the possibility of a more dynamic market moving is very likely to occur. especially before halving, I think market movements will not only move upwards. the possibility of the market moving down is very large, so be careful and don't panic easily. 
Market will move up and down these days, when the volatility hits, it doesn't matter the direction, it just moves up and down constantly after a while. Sure the market went up a lot but that kinda means if it can be volatile towards upwards, it could be volatile against downwards as well, thats why I do not really bother with these kinds of small downsizings and corrections, they are bound to happen all the time when the volatility starts. Let us just hope that this volatility will continue because going down %8 is fine if we can somehow continue to go towards 20k route, like going from 7k to 10k to 9k to 12k to 11k to 13k type of movements are fine as long as we go upwards in the long term and keep profiting.
It is the correction time but if you don't take risks (with too high leverage in margin tradings), and don't let the market takes your money out entirely (by liquidation), you will be fine.Corrections are mandatory to help the market move upwards to much higher level. I like corrections. Sometimes my balance drops due to corrections (in the bull market) but at the ends, weeks or months later, I am fine.
Market will move up and down these days, when the volatility hits, it doesn't matter the direction, it just moves up and down constantly after a while. Sure the market went up a lot but that kinda means if it can be volatile towards upwards, it could be volatile against downwards as well, thats why I do not really bother with these kinds of small downsizings and corrections, they are bound to happen all the time when the volatility starts. Let us just hope that this volatility will continue because going down %8 is fine if we can somehow continue to go towards 20k route, like going from 7k to 10k to 9k to 12k to 11k to 13k type of movements are fine as long as we go upwards in the long term and keep profiting.
8% or 10% dump is not a correction at all. It is the natural behavior of the market. Bitocoin is still over $10k and ETH is over $265 so i don't want to say it is correction. Yes, this is the peak point of the price in the last few months.
I hope this will not be the highlight. despite the natural decline in the crypto market. but I see the current situation is an attempt to strengthen the market. as we can see, the decline is indeed happening but quickly we can see everything can be controlled and maybe now the market is preparing to start the upward movement again. hero member
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Yes, it is correction time, although the market is down by 8%. The correction time will be varied and will be the same from time to time, so if in this time we see bitcoin price is down for $9,900, then that is what we see, and we hope that the price will not go down for more. We need to be careful because the price can move to any price, even the price can go down again. So if you want to buy bitcoin, make sure you already analyze and decide on what price you want to buy bitcoin.
8% or 10% dump is not a correction at all. It is the natural behavior of the market. Bitocoin is still over $10k and ETH is over $265 so i don't want to say it is correction. Yes, this is the peak point of the price in the last few months.
haha very true 8% price movement is very normal in this space for a bull run corrections are very necessary and healthy and it should be good as long as the price is above the 8000 level which is the 21day moving average so it should act as a big support. corrections should be more than 15 to 20% IMO
8% or 10% dump is not a correction at all. It is the natural behavior of the market. Bitocoin is still over $10k and ETH is over $265 so i don't want to say it is correction. Yes, this is the peak point of the price in the last few months.
Basically we all invest to get profit and when situations like this happen we should take a good step to stop the lose. In this case when the market has been on an upward trend, you should quite understand that: correction is inevitable and ensure to protect your investment before running into lose. Although, 8% to me looks still low compared to what the market has given while bullrun was initiated earlier this month. We should always stay on a safer side to stop our lose.
I think this is part of the correction when bitcoin has increased which is pretty good for now. Is not this correction has happened several times too, and in the end bitcoin is back up again. Maybe this correction is an opportunity for those who want to buy the bitcoin left behind when the price is still low.
Whales are playing and they wanted to take away your money, it's tough to decide whether to move according to this direction or keep your assetsstore from your wallet and allow this corrections to take place. It needs a lots of courage to work with this situation where you are are seeing big
damages from your current assets.
I think this is part of the correction when bitcoin has increased which is pretty good for now. Is not this correction has happened several times too, and in the end bitcoin is back up again. Maybe this correction is an opportunity for those who want to buy the bitcoin left behind when the price is still low.
Whales are playing and they wanted to take away your money, it's tough to decide whether to move according to this direction or keep your assetsstore from your wallet and allow this corrections to take place. It needs a lots of courage to work with this situation where you are are seeing big
damages from your current assets.
To be on safer side I only invested 300$ on alt so that I won't entirely missed out of the surge continues and I have the rest of my money on USDT so that if bitcoin do fall I can buy
I think this is part of the correction when bitcoin has increased which is pretty good for now. Is not this correction has happened several times too, and in the end bitcoin is back up again. Maybe this correction is an opportunity for those who want to buy the bitcoin left behind when the price is still low.
I'm being hopeful and wishful it's just a correction cause a lot of people got into some coins with the thought that the littlest pump is here to stay. I have a friend who is already complaining about what he'd loss on alts is hodling. I believe with the great prospects 2020 has shown so far, we are in to see a bull this year
So far the pump has been steady and good. We've seen Bitcoin over $10K and Ethereum went up from $145 to $288, highest this year so far. Currently at $262 and falling.
The market cap just took a really nice plunge averaging 8% loss. Currently at $289B and red across the board.
Is price correction on the way or just short sellers playing their game?
PS. Sorry for extra large images
In every increase of price where bull run is coming there is always a setback of price and I can say that it is only normal as the setback is not that big.The market cap just took a really nice plunge averaging 8% loss. Currently at $289B and red across the board.
Is price correction on the way or just short sellers playing their game?
PS. Sorry for extra large images
Usually this setbacks are made by small traders especially those daily traders as they are using this opportunity to earn some profit. This is not a doing of big investors or whales, so we can assure that the market is still in good condition.
I think little correction, we usually see upward moment months before halving, 8% isn't much in crypto world anyway.
Its just a short squeeze. Not actually a correction where whales might actually playing with the market's current state.We can see that the market already recovered from 8% down by yesterday. Luckily that holders does not tag along with this short dump, if holders do panic selling, maybe this dump will be deeper that it is yesterday.
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