Topic: Is it correction time? Market down by 8% - page 5. (Read 774 times)
There's always correction for every pump and for every dip you should expect this, that has always been the case ever since but the recent drop is very huge at this point in time where we are in the bull run, we'll just the hope can recover and reach the $12000 mark before the end of the year, I have a bet with a friend that it will reach $15000 before the halving.
In some analyzes, the current price is a support point where if the market does not go up then the possibility of a fall in value is very high. So prepare yourself, for the bad possibilities, but if there is support and the market is at the point of trading at $ 10081 it may be higher.
I think little correction, we usually see upward moment months before halving, 8% isn't much in crypto world anyway.
Panicking is not good especially if you just see the price only dump for $300 and there’s no good reason to sell because of the present dump. Ok this is just temporary and later on we will go up $10k again, we don’t need to create panic nor be on panic, bitcoin moves better this year.
Before having a panic or planing to sell your coins, check the stats of bitcoin , the 8% low is normal in bitcoin price sometimes you can see 25% increase and decrease in just a day. Nothing is new with this event and we do not need to worry everything that happen today is normal , i cant even say its a correction since we are not yet in the bull market season.
It seem's like the market is having a correction time right now.
But I think we would see a price bounce again anytime soon.
But I think we would see a price bounce again anytime soon.
Maybe it's the last call for all those who missed to buy when it was low.
One more plunge so everyone can buy cheap.
We see how some coins even go down by more than 20% like ETH and EOS. This is really a very rapid decline.
If indeed this is a market correction, approximately, to what number will this happen?
If indeed this is a market correction, approximately, to what number will this happen?
Market correction is set to 9500 for btc if this was indeed a correction. I see a lot of pull back orders. You asked us to see the chart and telling us it will be the same? Only the short seller playing the games. What was that even mean. Charts only view as slice of direction whether the market go up or down and it seems we are rallying and thats a typical scenario.
At the moment Bitcoin is above 10k now. The market is bounced back and is steady as compared to what it was few hours back. I think it was short selling and looking into the present situation it is normal. This not the first time that Bitcoin has gone below 10k. I also feel there is a strong resistance at 10.4k price for Bitcoin, if it breaks that price barrier than we can expect it to reach 11k. At moment the market are trading sideways.
I guess that we see a correction for all coins in the crypto market. We don't have to worry about that because the market will be back at the current price before and it will have a chance to increase back. For people who are ready with these situations will use this time to buy more bitcoin and altcoin because, after this, the market will rise again. The falling of the price at the market will not make them afraid because they know that this situation will happen many times, and this situation will give them another opportunity to buy the coin at a low price.
If you check at the market, it seems, not all coins are down because some altcoin uses this chance to lift the price to a higher price, although the price does not increase so high.
If you check at the market, it seems, not all coins are down because some altcoin uses this chance to lift the price to a higher price, although the price does not increase so high.
It's already happening, the market has been on a upward trend for quite sometime and it's only healthy it's experiencing this correction at this time as it offers new opportunities for those who missed buying to jump in on the fun. Ethereum has been the most surprising altcoins for me this year and from what I'm seeing it still has more to offer therefore there isn't any need for panic at this small correction it's experiencing.
Thankfully it isn't just ethereum price declining but that of the cryptocurrency market in general therefore it can be concluded, this is just a reaction of traders and short term Investors taking profit from the market. Small corrections like this shouldn't call for any alarm most especially as the year is just beginning, we're not even done with first quarter. There's still time for the market to recover and achieve new milestone.
Thankfully it isn't just ethereum price declining but that of the cryptocurrency market in general therefore it can be concluded, this is just a reaction of traders and short term Investors taking profit from the market. Small corrections like this shouldn't call for any alarm most especially as the year is just beginning, we're not even done with first quarter. There's still time for the market to recover and achieve new milestone.
Maybe it's the last call for all those who missed to buy when it was low.
One more plunge so everyone can buy cheap.
The market cap just took a really nice plunge averaging 8% loss. Currently at $289B and red across the board.
It has recovered slightly and quickly, it's up now by $292B which is very nice and encouraging to think that despite these slips, the market recovers on its own as we imagine.Is price correction on the way or just short sellers playing their game?
Short squeeze I guess.PS. Sorry for extra large images
Use this code.Code:
[img height=400]https://i.imgur.com/XhNd8Vn.png[/img]
You can adjust the "400" at your desire that fits the viewers sight like this.
An example:
Thanks for that.
You do not worry, the market goes down only to fill gas, after that the market will skyrocket and of course there will be a bull run, therefore this is an opportunity for you to buy more and get a very big profit, because 2020 is the year for the market to recover and of course a bull run will occur.
The best thing you could do at this time is not to panic as selling can cause you more harm right now The market is acting just normally the way it always does Whenever there is high which you dont know how high is to expect a low too So its just market panic will just make things worse watch attentively
Panicking is not good especially if you just see the price only dump for $300 and there’s no good reason to sell because of the present dump. Ok this is just temporary and later on we will go up $10k again, we don’t need to create panic nor be on panic, bitcoin moves better this year. 
Is price correction on the way or just short sellers playing their game?
From the chart, it makes no sense if only because of the short-sellers that are playing the game. This is more like a market correction. Moreover, all coins experience it, of course, because they follow Bitcoin as their main reference.
We see how some coins even go down by more than 20% like ETH and EOS. This is really a very rapid decline.
If indeed this is a market correction, approximately, to what number will this happen?
The best thing you could do at this time is not to panic as selling can cause you more harm right now The market is acting just normally the way it always does Whenever there is high which you dont know how high is to expect a low too So its just market panic will just make things worse watch attentively
I can't judge this situation the correction will be happened when the price of coin fall more than 10% but I can't see it in the price of bitcoin or some altcoins (which are in the top).
Also, if we see the price fall more than 10% and its price can't increase again then I will assume that the bear market will come. But I hope this situation will never be happened if we see the the sentiment market right now.
Also, if we see the price fall more than 10% and its price can't increase again then I will assume that the bear market will come. But I hope this situation will never be happened if we see the the sentiment market right now.
The market cap just took a really nice plunge averaging 8% loss. Currently at $289B and red across the board.
It has recovered slightly and quickly, it's up now by $292B which is very nice and encouraging to think that despite these slips, the market recovers on its own as we imagine.Is price correction on the way or just short sellers playing their game?
Short squeeze I guess.PS. Sorry for extra large images
Use this code.Code:
[img height=400]https://i.imgur.com/XhNd8Vn.png[/img]
You can adjust the "400" at your desire that fits the viewers sight like this.
An example:
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
The market cap just took a really nice plunge averaging 8% loss. Currently at $289B and red across the board.
Is price correction on the way or just short sellers playing their game?
PS. Sorry for extra large images
It is responding to price action trading strategy i believe, If the buyers have boought to the ten thousand dollar mark and a little over and then the market sellers decide to place seel orders in their numbers, you will see the price going down, although the buyers still exists but in a much lesser quantity thereby giving the sellers more dominace in the market space and that is a possible cause of the decline in price of bitcoin.
The correction of the people currently considers that the market conditions are on a bull run and it is impossible for us to switch to the bear market, considering that it is still at the beginning of the year, soaring even higher is very possible. precisely in 2020 crypto world is filled with positive news. I'm sure the incident was due to traders or short-term investments, so don't panic if it still hasn't touched a vulnerable point for more falls. okay, think positive, we will see a higher spike in a few moments. maybe at this time the opportunity to buy so as not to miss the train.
I don’t think so.Because bitcoin price up and down ~500 is not a big deal.Sometimes people's got panic to sell that time price goes down then again pump.If it goes down.I think for now bitcoin price should be in 9700-10000$.10k$ is stable for bitcoin now.If it get some support wall then it can break 11k$.
Rethink, the market has been decreasing recently and it's obviously a correction since almost all coins are affected and the well known coins has been the ones mostly affect as the like of bitcoin and ethereum has lost some number of value. The correction came too early for you as me since the year is just beginning.
Not yet. We've been there before. Have you already forgotten that just 4 days ago the price at the same level?
Small selloffs are a normal thing in every uptrend and they don't change that we are still in a bull market. I expect this bull market to continue until we get really close to Bitcoin halving.
Small selloffs are a normal thing in every uptrend and they don't change that we are still in a bull market. I expect this bull market to continue until we get really close to Bitcoin halving.
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