Topic: Major Correction on its way ! - page 3. (Read 323 times)
I did not see that there would be a big correction later, the indications were not seen by the way big corrections what you mean on the trip. mate big correction has occurred before you even made this thread
It would be better if you could provide us a chart or a link of screenshot sing imgur so that your reader will have a basis on what you are asking. On my own opinion, these price corrections on bitcoin and other altcoins are normal or I could say that these cryptocurrencies still have the strong price resistance that they were unable to break or hold for a longer. A price correction or losses can be avoided by traders by maximizing stop loss option.
Have been running my midterm predicting market modeling oscillators for about 3 hours now (i do some stuff in Python and R)
and it clearly shows a major correction downward is on its way
Anyone else doing some stat calc here?
I hope it will i'm able to sold my altcoins when it rally last week and waiting for the market to fall again before reentering in the market. So far market shows down trend signal specially for altcoins while bitcoin are trying to hold at the 4k$ territory. and it clearly shows a major correction downward is on its way
Anyone else doing some stat calc here?
How many of these predictions have been, it is ungrateful that most of the predictions have shown that they are not implemented at all,and the thing is that there are major players who speculate on prices and other things and do not allow the price to grow strongly,and do everything possible to earn, and earn will not work if other money
I do not know what you mean by correction here if you mean reversal then it is yet to be seen because markets have been trading in ranges for many weeks perhaps months so for me clear indication of reversal will be when btc breaks above 4500 and 5000 and then finally 6500.
Exactly, I don't understand what correction the OP is saying. Is he saying that the price will slowly go down again after reaching $4k?
We have attempted to break that $4k barrier but it seems we've seen a struggle, the last time we broke it we went as far as $4200 but it doesn't have that kind of momentum so perhaps this is what the OP is stating (As far as I can understand).
But if we are talking about a rally, or at least a shift, then definitely we need to break $4500 and then $5k and see how farther it goes. So let's see how it goes, we just hope than in the next 2 months, $5k is within our reach.
Hope, it will become true, all predictions about correction or recovery proves to be wrong in the last year, really eagerly waiting for crypocurrency market to recover, which never look like return or stable in last one year.
$20K to $3K is already a major correction. BTC has been moving up and down from $3K to $4K so what major correction are you expecting? Something like below $2000?
Of course there may be a correction and up to $ 2000 and can still be about 1800, the main thing now is better to be out of the market and wait for the development of what will happen next
$20K to $3K is already a major correction. BTC has been moving up and down from $3K to $4K so what major correction are you expecting? Something like below $2000?
We faced the orrection stage for more than one year so it is still coming?
I didn't see any downtrend with the current market condition because the prices were moving upwards slowly.
We can't say what tomorrow will bring inside this industry, the market is so wild though you are correct we already facing corrections back 2018 and with how the market behaves right now, we are trying to stand this ground, not sure if how will this corrections be move but I still believe that reversal between bear and bull is near, maybe the last fall will be followed by a huge bull to run much stronger and lift everything up.I didn't see any downtrend with the current market condition because the prices were moving upwards slowly.
Correction?
After dropping %90 it raised like %5 and you are waiting for correction?
It will continue of the dump not a correction if it happens.
After dropping %90 it raised like %5 and you are waiting for correction?
It will continue of the dump not a correction if it happens.
yes you are right, if indeed the market stops rising. it's not a correction but the dump continues to a more severe level ...
maybe he only saw a chart from a few months ago, if he saw the whole chart, I don't think OP would write this thread.
We faced the orrection stage for more than one year so it is still coming?
I didn't see any downtrend with the current market condition because the prices were moving upwards slowly.
We can't say what tomorrow will bring inside this industry, the market is so wild though you are correct we already facing corrections back 2018 and with how the market behaves right now, we are trying to stand this ground, not sure if how will this corrections be move but I still believe that reversal between bear and bull is near, maybe the last fall will be followed by a huge bull to run much stronger and lift everything up. I didn't see any downtrend with the current market condition because the prices were moving upwards slowly.
We faced the correction stage for more than one year so it is still coming?
I didn't see any downtrend with the current market condition because the prices were moving upwards slowly.
I didn't see any downtrend with the current market condition because the prices were moving upwards slowly.
Maybe I don't know much about such predictions, but I think that it is just a lottery. I often read such messages, but in reality everything happens completely differently.
Looking at the graph, you see a small correction, but it is not such a sharp correction. If a temporal analysis is made to Days, very little correction is seen.
If the intention was to lower the price, I think it would have happened with a wide range candle, and with a very large volume, maybe they will try higher price levels, to test the offer, as the reference of the theory of Wyckoff, however, It would be prudent to wait a little longer, could be generating a small area of liquidity and stabilization with lateralization at the level of $ 4k.
This represents a buying opportunity for investors and speculators, since $ 4k represents an area of opportunity that can look for the first bullish option to reach $ 4.2k, based on a technical analysis with a floor of $ 3.9k, and that in $ 4.2 k there is a small roof that has touched but that could not be broken. And if we put it in context with some teachings based on Jesse Livermore, it shows that at this level of $ 4.2K is a trend line that can be overcome with one of the principles of Wyckoff called the Law of Effort and Outcome.
If the intention was to lower the price, I think it would have happened with a wide range candle, and with a very large volume, maybe they will try higher price levels, to test the offer, as the reference of the theory of Wyckoff, however, It would be prudent to wait a little longer, could be generating a small area of liquidity and stabilization with lateralization at the level of $ 4k.
This represents a buying opportunity for investors and speculators, since $ 4k represents an area of opportunity that can look for the first bullish option to reach $ 4.2k, based on a technical analysis with a floor of $ 3.9k, and that in $ 4.2 k there is a small roof that has touched but that could not be broken. And if we put it in context with some teachings based on Jesse Livermore, it shows that at this level of $ 4.2K is a trend line that can be overcome with one of the principles of Wyckoff called the Law of Effort and Outcome.
I think there will be a correction but not a major one, if the major correction happen again bitcoin could suffer a huge damage, it could be dangerous for all coins, and the chart does show that the support still quite weak, but I don't think it could cause the huge falling, but the price is depend on the trend and the market, oscillator or indicators maybe useful but not always correct
Have been running my midterm predicting market modeling oscillators for about 3 hours now (i do some stuff in Python and R)
and it clearly shows a major correction downward is on its way
Anyone else doing some stat calc here?
Im not with you, in this case. i thought that it's not clear where the market will go because so many experts have been doing a lot of prediction but they are all wrong about that. It should be a little correction and it will not a big correction. and it clearly shows a major correction downward is on its way
Anyone else doing some stat calc here?
Correction?
After dropping %90 it raised like %5 and you are waiting for correction?
It will continue of the dump not a correction if it happens.
After dropping %90 it raised like %5 and you are waiting for correction?
It will continue of the dump not a correction if it happens.
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It just for bitcoin or for the most altcoin especially for the top 10-20? I will check it later, and I hope that I don't find anything negative with the chart. And if somehow, I see the trend was going to down, then maybe it's a correction for a while, and then after it's finished, the price will increase again. But I don't have a hope to see the major correction it's on the way because I want to see the bull market will come.
Bitcoin has so far involved 4 major corrections, including when we are in now. And this correction we're experiencing right now maybe the biggest correction we've ever seen.
Have been running my midterm predicting market modeling oscillators for about 3 hours now (i do some stuff in Python and R)
and it clearly shows a major correction downward is on its way
Anyone else doing some stat calc here?
and it clearly shows a major correction downward is on its way
Anyone else doing some stat calc here?
Past few days/weeks the price is testing to $4200 resistance. Until this resistance level is broken I think the correction will downward only.
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