Topic: Is it correction time? Market down by 8% - page 6. (Read 774 times)
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$.
It appears like a form of correction, but i won't entirely take it as a correction, the movement cannot be specified and we can only guess.
I think this is just a temporary break, before bitcoin goes back to over 10000$.
lets see what happens, keep checking the charts
I think this is just a temporary break, before bitcoin goes back to over 10000$.
lets see what happens, keep checking the charts
A short term correction probably and for sure we will bounce back again. Traders and whales are active again to take profit, small investor like us should not miss this price level again, we can buy more and wait for the pump again. Don’t panic, the correction is normal and its bitcoin so expect more volatility while we are aiming for a higher level.
Yup, here we go... Birltcpinnwent down and everything is also going down with it. Altcoinsnlf course have very high correlation with BTC so now they are even experiencing greater losses in many occasions.
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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.
This can lead to a big correction. Currently not yet a big one but I will wait for daily closure to see what's next direction. If we see a sudden bounce , we should see a new high price. Protect your investment.
I think the price correction will turn around as soon as possible because this month that we monitor the price movements of Bitcoin and Altcoin are pretty good but just now there was a bitcoin price correction, I think a lot of big investors play the price, we must be calm do not rush to take the attitude of the sell when the price correction occurs.
10k is the psychological price number of BTC, i would put a stop loss under $9200 just in case.
The crypto market is so volatile & 8% means nothing as correction to me, but hey being careful is always a good thing to protect your investment.
The crypto market is so volatile & 8% means nothing as correction to me, but hey being careful is always a good thing to protect your investment.
I wouldn't claim that 8% is nothing, but it obviously is not that much of a big deal.
It could possibly stop that sudden growth, but it won't kill any coin
I think that everyone expected the correction and it does not surprise me, but I also think that it will be very short and after this, the price will move to 12 thousand dollars. after that, there will be another correction and it will be more serious. maybe we will again see a price of 7 thousand dollars before halving and the price will begin to rise
I think this dip will be good as straight up movement with no stabilization and dips is not solid i would like to see slow but steady move upwards and we should not be in hurry as bull cycle will stay here for many many months.
10k is the psychological price number of BTC, i would put a stop loss under $9200 just in case.
The crypto market is so volatile & 8% means nothing as correction to me, but hey being careful is always a good thing to protect your investment.
The crypto market is so volatile & 8% means nothing as correction to me, but hey being careful is always a good thing to protect your investment.
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
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