Is this a correction in before altseason 2021 ? - page 4.

Ridwan Fauzi

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Quote from: IndianCryptoStreetbets on April 07, 2021, 12:17:22 PM

Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .

Altcoin market will be depend on bitcoin market sentiment, I mean the altcoin season will just come when bitcoin price is not in the down trend market. Usually, the altcoin season will happen when bitcoin price in the sideaway market after its price increase a lot.

But now seem like there is no altcoin season since bitcoin price just give a sign will meet a correction. Take a look with the monthly time frame, the candle that will be formed will be a red candle and some altcoins market especially ETH has formed the same movement.

CryptopreneurBrainboss

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Quote from: IndianCryptoStreetbets on April 07, 2021, 12:17:22 PM

Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .

So all this mooning that has been ongoing for months what will you call it if not altcoin season. We have experienced this season always but where I think the confusion is coming on is of we have reached the peak of the altcoins season since outrageous things are beginning to happen just like the ico craze phrase.

Already coins are doing impressive numbers in regards to return of investment as new projects are getting supports in millions from retail investors who has emotions written all over them. When the profit stop coming obviously you'll see their reaction as coins will get dumped simultaneously.

This corrections could be deadly for altcoins especially the low market cap coins that has less support from the investors while those with large market cap might try to keep up with the progress of bitcoin.

ene1980

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Quote from: IndianCryptoStreetbets on April 07, 2021, 12:17:22 PM

Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .

A couple of days later and the market is moving up again, i have no idea why the market is moving up but still majority of the market has broken further resistance with ease and you cannot expect a correction with the way the market is playing out right now as the funds are pouring in and the global economic situation is not that great either, so it is hard to predict where the bull run would end.

nicecrypto

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Quote from: IndianCryptoStreetbets on April 07, 2021, 12:17:22 PM

Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .

Are you saying that all the Alts that have been doing good already in the market there is still a different Alt season that you are still waiting for? This is clearly how most of us miss out on good opportunity tom have made profits waiting for something that has been ongoing. Some major Alts have done above their last ATH and we are waiting to New Alts season. The market dynamics now are different from last times cos the type of investors that are coming in and don't expect to see exactly the same movement like previous.

WalkerIVIV

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Quote from: IndianCryptoStreetbets on April 08, 2021, 03:37:27 AM

So finally, it was a correction, and we are again up in morning lets see how this goes on weekend

A small correction means nothing for the crypto. It's causing by some whales were selling his stash to the market but the market has gained so many demand from the institutional investors.
Bitcoin is going back again to surpass 58k and another effort to break 60k resistance.
I do believe this resistance will have surpassed by bitcoin next month.
This weekend whole of crypto is going to go green candle again. It's good to see that happens.

btcltcdigger

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Quote from: IndianCryptoStreetbets on April 07, 2021, 12:17:22 PM

Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .

What correction? Market has been green for over a week now.
Sure, few drops now and then, but generally very bullish

Zeque02

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Quote from: IndianCryptoStreetbets on April 07, 2021, 12:17:22 PM

Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .

Hopefully each of us this year will be the best year in the whole crypto currency community since the pandemic situation is still exists. As the time goes by we want a great profit but most of us don't enough funds to invest and the only way we can do is to have a small amount by joining different campaign to support the projects.

sunny28

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Everything is going exactly as planned, as it should go, you should not look at the value of Bitcoin, the fact that it is falling now is normal.

Together with the price, the market dominance also falls, which means that selling Bitcoin people go to buy altcoins, as we know, this is the beginning of the alt season

XCANA

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I don't know what that means though becasue the recent altcoin season that just happened was the beginning of this year altcoin season, the passed years has always be in this pattern but with slight difference because of the recent adoption form the mainstream. Nevertheless, this correction won't stay long before the wait will be over again, so, let wait for the altcoin season.

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In fact it seems to me that the cryptocurrency market is now founded on a solid foundation. Its foundation seems to have been strengthened by the adoption of cryptocurrencies by various countries, financial and commercial institutions around the world. So the market can no longer be expected to improve as before. The market is moving forward with minor corrections. Besides, I think the Alt season has already started. The price of Altcoins has risen from about 50% to 100% in some cases.

devollito

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This is not correction before altcoin season, if this market is like 2017 market. We would see sideway between $45k - $60k untill q3 and then after at the begining of q3 btc will start its bullish to $80k - $90k level. By the end of this year maybe we will see above $100k.

Reid

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That doesn't look like a correction yet. Most of the time it will be down by 30 percent or more.
Altcoins just got a new face with NFT that's why they are on the center now.
Although, you must also expect this won't take long. It's just like the other events in the past.
You name it, Waves, ICO, IEO, DeFi. All of this has an ending once they have taken their money back and put it to the top cryptocurrencies again.

LUCKMCFLY

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Bitcoin is at a crucial moment, it can grow and a lot, according to this analysis shows a good prediction:

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The price even cleared the 50% Fib retracement level of the downward move from the $59,475 swing high to $55,492 low. There was also a break above a key bearish trend line with resistance near $57,100 on the hourly chart of the BTC/USD pair.

Source: https://www.newsbtc.com/analysis/btc/bitcoin-reclaims-100-sma-58500/

If things go well, it is most likely that if the uptrend repeats itself, the altcoins will begin to copy the behavior of Bitcoin, the best of all is that those altcoins that are undervalued can increase much more than what is thought, I think that That's where the altcoin season will kick off, plus it has taken a long time to happen, I personally believed that when Bitcoin hit $50k the altcoin season would start, but apparently this is going to be a lot more juicy when it starts.

Shasha80

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Price correction must occur in all altcoins, the problem of how deep the correction will be in altcoins this year. As long as the Bitcoin price
movement is still stable as it is today, there is no need to be afraid that the altcoins price will have a deep correction. Moreover, if we look
at the current market, almost all altcoins have risen in price, especially if Bitcoin manages to return to the ATH price. This can make
the price of an altcoins pump, because the altcoins price movement always follows the Bitcoin price.

xiboothrezi

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after the hill there must be a valley, just enjoy this trip with great pleasure. for me, altseason has shown its mark, lots of altcoins are pumped, even many newly released projects have managed to get their target market, even projects that were previously dying managed to rise. that means ... this is a good signal, don't hang around when the altseason will actually happen, you might miss the train. It is better to focus on taking advantage of the opportunities that exist, while the market is good, for those who like to trade, take advantage of it, for investors, please try to get into potential projects, everything looks easy in a market like this.

makishart

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Quote from: sunny28 on April 08, 2021, 01:47:06 AM

There is no correction, the dominance of Bitcoin is falling and falling every day, funds are pouring from Bitcoin to Ethereum, and then to other altcoins, so this is not a correlation, this is the beginning of the Altseason.

The money that was moving to the altcoins has been creating a correction to the bitcoin. that makes bitcoin gets less support to break another ATH again.
Bitcoin has been trying to break a new ATH again for several times but due to the strong resistance and bitcoin was not able breaking it dude.

Is not it already already started since the end of last year? This is just a continuation for the season.

Fredomago

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Quote from: ?? on ??

Probably there will be another chance of the general pump, this means, this recent pump that took place was fabulous and commendable becasue almost all the altcoins in the market went bullish.

It's just getting started, now that Bitcoin again is pushing forward, we are seeing more green inside the market. Probably more to come.

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Though, the facts still remains that, no one can determine the price in the market but with this recent correction we may be experiencing some good projects pump and not as general in the past.

Yeah right, just be positive and be ready with this another pump that may happen, better to start collecting those coins that you are following and entrusting your interest to invest.

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Advise: if making any advisement movement ensure to watch the top altcoins, please.

Top Alts are good for lesser risk but you can also check those new projects there's also chances that it will be pump hard.

BitKongy

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Quote from: travwill on April 07, 2021, 02:52:49 PM

Correction? What is happening now according to your correction? And I don’t understand, all that growth that we have been witnessing for several months is not an alt season for you? In my opinion, the alt season is already underway, and for a long time, which means that in the future we will have a very long and very deep correction. What is happening now is probably the beginning of this collection but one cannot know for sure.

Make makes you think OP is holding one of those coins that brings 10x in past weeks? Or are you saying that all crypto projects have rise in value? Many haven't even show any bullish sign yet and few are just getting started, bitcoin just starting to lose its dominance and that's a bullish sign on altcoins for me

IndianCryptoStreetbets

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There are mixed sentiment from markets lots of people are still bearish after the correction is done, but yes, it's a fact that if BTC takes health correction of 10-15% altcoin market will bleed that for sure.

onecall123

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Quote from: JooBra on April 08, 2021, 10:00:47 AM

Quote from: ?? on ??

Quote from: IndianCryptoStreetbets on April 07, 2021, 12:17:22 PM

Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .

I think correction is very normal and seeing what happen last night is just a small correction and retracement but it is still a good sign that even there is a correction the major cryptos still hodl its reasonable value which definitely a good indication that we are still in the process of heating up for a massive altseason.

Seeing a correction is a healty thing and normal. Every correction becomes a support for next run. If altcoins would go up without a correction would be a bad thing in the long run.

Absolutely! This is the Fact. If anybody unable to understand this simple things, it’s too late for you to jump in. Be prepared for it. There few alts have had great gains with a lot more to come. So, Just bought alts at the dip today.
Any source so we can get bought in? Only research.

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