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Topic: Is this a correction in before altseason 2021 ? - page 5. (Read 1150 times)

full member
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Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .
The scenario here is more like what happened in the past, just one day the altcoins saw a huge or massive rise the drop or the correction followed immediately, this tell us that the altcoins season is correctly embracing a minor correction but not knowing when the price will spike up again. Although some of these coins still experiencing rise which signifies that the altcoins season still stay around for 2021.
full member
Activity: 1204
Merit: 162
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.
newbie
Activity: 42
Merit: 0
So finally, it was a correction, and we are again up in  morning lets see how this goes on weekend  Smiley
member
Activity: 252
Merit: 13
I'd say it's a correction, many people panicked sold yesterday as some good altcoins lost 26 to 30% of value in few hours but today the market is reshaping positively, in my own head I refuse to believe that the altcoin season is already over just because some coins did 10x in past weeks
full member
Activity: 966
Merit: 100
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.

But after this gold rush, there will be a very big drop, I think, so you need to understand what you are going for and understand that at any moment there can be a collapse!
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
In the last two or three days (if I'm not mistaken) BTC went up but down so that it made the Altcoins in red, maybe this is what made the OP think that it is now starting to a correction.
The altcoins that I saved have decreased by around 20% but this is only temporary because BTC will still go higher which will definitely affect the Altcoin market as well.
hero member
Activity: 2114
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Leading Crypto Sports Betting & Casino Platform
What correction do you mean? Isn't the market showing a positive trend.
The growth of altcoin since the beginning of the year cannot be said to be the altcoin season in your opinion.?
Yeah, the crypto market is very unpredictable, altcoin price can increase in a short time and vice versa. But what you are talking about cannot be said to be a correction, because the price will return to the positive trend path. Don't worry too much about the corrections that occur, just hold your coin until the price is backing at the point you want.
hero member
Activity: 2800
Merit: 595
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Its becoming very confusing what is going on actually, there are altcoins that is having a bullrun while most are doing its own correction and BTC is also dipping. But then altcoins aren't going very deep since this correction seen the reaction of BTC being dumped. When BTC rises again, altcoins will also go up just as how they did. The flow of volume is so huge though.

For a minute you can see the total marketcap of crypto was about $1,995,912,634,333 and then suddenly in the next few minutes it could drop to at least  $1,832,xxx,xxx,xxx. Looks very manipulated.
legendary
Activity: 2268
Merit: 2327
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There have been a lot of corrections but the altseason we expected didn’t come in. BTC has dropped approx 5% and altcoin also reacted on that. It was a correction for bitcoin. Anyway, some crypto twitter account have also started to shill for altcoin in the last few days. This may have a good affect.
sr. member
Activity: 2590
Merit: 452
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The altcoin season has been continuing since the last few months and what's happening with the market right now is normal, be it a correction or whatever, there's nothing to worry about or panic about.
and the right choice for now is to bake it and be patient waiting for the market to turn green again only time will tell about what we want with the coins we have.
but i am optimistic that the good news bitcoin increase will bring altcoins too.
full member
Activity: 812
Merit: 100
Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .
Correction naturally occurs at any time without us knowing it. this is a move for the price to get to the highest position, so I think a correction is needed to stabilize buying and selling before the price goes up again.
legendary
Activity: 2268
Merit: 1379
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Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .
Who knows. Correction is always normal but I noticed the movement of the market from the past few days and weeks this is just a retracement and will definitely go back again to a smooth green market day. If you are bit scared of the movement then should convert some of your asset to stablecoin but you can noticed that if the market will go in a disaster path. But for now, everybody is bullish.
sr. member
Activity: 1876
Merit: 259
every time there is a significant increase in price there will definitely be a slight correction, we are in the current altseason dude, that correction needs to occur in the market so that the crypto market is getting stronger, if there is no correction and the price continues to rise that's what to be afraid of.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .
A small correction. No need to worry about the current situation as the market is searching for the best support again. Bitcoin is starting to build another support again to surpass 60k resistance. Once bitcoin can surpass 60k again and another bullish trend will come soon.
Crypto needs to build its fundamental again after the long term bullish trend that happened since last year.
Another bullish trend already expected to come very soon.
legendary
Activity: 3234
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .

the price of altcoins has been stagnant for years, I am talking about the price of altcoins in relation to bitcoin, you want to know when and what altcoins will increase in price, right? but no one can give you that answer for the following reason:

in the past the price of many altcoins increased was due to the ICO, so it is difficult to know if we will ever see a race like the one in 2017 that happened with the altcoins

my advice would be that you just look for credible projects that have a lot of usability

Altcoins have been mooning for several months now and plenty of them have touched the previous all time high and even created new ones and yet you guys still think that altseason hasn't started yet? 

you are talking about a price increase in relation to the dollar which was thanks to the bitcoin increase, altcoins did not have a big increase in relation to bitcoin
sr. member
Activity: 1190
Merit: 256
Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .

Altcoins have been mooning for several months now and plenty of them have touched the previous all time high and even created new ones and yet you guys still think that altseason hasn't started yet?  Markets has been red hot for months now and buying any altcoin now simply means we're buying the top so we should be careful. In the micro view, it might look like we are at support range but when you go on much bigger time frame, you would see that we're swimming in uncharted seas at the moment as there's no prior price history at this levels.
legendary
Activity: 2464
Merit: 1140
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It can be, but not sure to say a correction before altcoin season. We may be already in the altcoin season since a few months ago, also it is normal if there is a correction after some increases in the crypto market. But if we consider previous corrections, it shouldn't last a long time. They will last several days or a week only, but there is no guarantee for the same scheme for sure. However, as we are in the altcoin season, don't worry so much about the correction. Just hold your coins and wait for the next pump!!
sr. member
Activity: 2604
Merit: 338
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Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .
What correction are you talking to? The price now are in greens and i dont consider it to be a correction but rather a typical market price movement in a short time.

When we do talk about altcoin season then we are currently seeing that some of them are now increasing.We cant still say yet that this is already the start

but we can presume that it is actually starting so this will matter on risk management and this will be a different decision for each person or investor.
legendary
Activity: 3108
Merit: 1029
Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .
That makes sense.
The correction is happening before the altcoin season but i kinda feel this will be quite difficult to be a real thing for sure and why? the altcoin season already happened and that's a common thing to see the market gets a small correction.

The major coins are not yet touching the support range. The correction after a big bullish trend is an old trend.

I think that it will be going back again later.
sr. member
Activity: 1484
Merit: 253
Hey frds what you think is this is a correction before altseason 2021 bcoz major coins are in support range .


Absolutely that's what happening nowadays, and with respect to altseason it's always been a tentative year. We didn't even know when it would be commencing because bitcoin support still strong. I've observed that bigger investors were more focused with major coins that also had a more efficient capabilities to bounce to highest price. Altcoins developers who left their respective projects is starting to divert with btc and eth, that's making it too difficult for alts to soar higher.
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