Topic: RED is spreading like a wildfire (Read 10594 times)
Because market symbol change from green to red do not mean that the condition of the market is bad as this is just in relationship to what happened in the past and not future. Maybe we should study more on how this market has behaved in the past as this is going to help us have indept knowledge on the market.
It's not a dumping market. Corrections are a part of the rises and I expected it since 6000. When it was getting close I sold some of my bitcoins thinking the previous support will be a heavy resistance like many analysts were predicting but it didn't happen so when we went through I expected a correction at 6500 but it still did not happen.
Bitcoin exceeded all my expectations this month and even if we go back to 6000 it will still be a great bullish move that can take us to 10 thousand later this year.
I agree, it seems that some investors want the price of bitcoin to go up without any interruption and that is not possible but even right now the overall trajectory of the market is still up, however it seems the bears have finally found enough strength to stop the rally for the moment, whether they will be successful or not should not really be an issue for professional traders, anyone that invested in bitcoin some months ago doubled their money very easily and if the rally stops they can just cash out and enjoy their profits.Bitcoin exceeded all my expectations this month and even if we go back to 6000 it will still be a great bullish move that can take us to 10 thousand later this year.
It's not a dumping market. Corrections are a part of the rises and I expected it since 6000. When it was getting close I sold some of my bitcoins thinking the previous support will be a heavy resistance like many analysts were predicting but it didn't happen so when we went through I expected a correction at 6500 but it still did not happen.
Bitcoin exceeded all my expectations this month and even if we go back to 6000 it will still be a great bullish move that can take us to 10 thousand later this year.
I agree, it seems that some investors want the price of bitcoin to go up without any interruption and that is not possible but even right now the overall trajectory of the market is still up, however it seems the bears have finally found enough strength to stop the rally for the moment, whether they will be successful or not should not really be an issue for professional traders, anyone that invested in bitcoin some months ago doubled their money very easily and if the rally stops they can just cash out and enjoy their profits. Bitcoin exceeded all my expectations this month and even if we go back to 6000 it will still be a great bullish move that can take us to 10 thousand later this year.
If it breaks the 7000 dollars support level, downtrend will be followed. But as of now, it seems like bitcoin never touch the floor. It traps by support and stable at 7300 dollars. I do not know when it could happen but I think it will move upward 8k dollars. Hopefully, it happens after I buy the bitcoin. I want to fill it in 7100 because it may goes up in the next few days.
Look how much is the bitcoin now. I hope you bought some as the bitcoin is going up again and yes, it already touched the $8k-mark again. Red in the market is just a normal scenario, and then going green again. No big deal. If you are an old timer, this scenario is not new and you will encounter it many times.
Adoption is increasing, shops are accepting crypto, so there is no miracle in this growth.
I was expected some grow for bitcoin, not so much, but when i see that bitcoin price grow i also expected the altcoins to grow but this not happen, and also now looks like a game, bitcoin goes up and again bitcoin going down and again up, maybe the bull run will start later.
We are going to see some growth, major altcoins are already rising, the rest will follow for sure. The market is following a trend, based on what I see in the past, when bitcoin pump, altcoins will not directly pump, it will take awhile then they will follow.
Look at the major altcoins, BNB, BCH, XRP, and ETH, they have experience a significant increase already.
They just stopped a bit due to the correction, but they are going to rise again, I am seeing a green market now, that is including alts.
If it breaks the 7000 dollars support level, downtrend will be followed. But as of now, it seems like bitcoin never touch the floor. It traps by support and stable at 7300 dollars. I do not know when it could happen but I think it will move upward 8k dollars. Hopefully, it happens after I buy the bitcoin. I want to fill it in 7100 because it may goes up in the next few days.
Please no, we are already suffering from the bearish market for such a long time stopping at $7k is enough already since it has a chance to recover again because of the bullish trend. Luckily Bitcoin rose quickly in just a short amount of time this day from $7200 to $8000. Imagine how it quickly recovers today despite the fact that most people are now worried that it might be another bull trap again but guess what it isn't.
I was expected some grow for bitcoin, not so much, but when i see that bitcoin price grow i also expected the altcoins to grow but this not happen, and also now looks like a game, bitcoin goes up and again bitcoin going down and again up, maybe the bull run will start later.
If it breaks the 7000 dollars support level, downtrend will be followed. But as of now, it seems like bitcoin never touch the floor. It traps by support and stable at 7300 dollars. I do not know when it could happen but I think it will move upward 8k dollars. Hopefully, it happens after I buy the bitcoin. I want to fill it in 7100 because it may goes up in the next few days.
Completely agree with your statement " However, volatility is a two-edged sword...soon it is back on the game and on track to win over the $10,000 prize". This was suppose to happen and it happened fast. I predicted that Bitcoin will touch $8500 level and then correct itself to $7500. But, as we all know. it is hard to predict Cryptos. The next resistance level is $6800 -$7000, if Bitcoin can hold at that level, then I am sure it will touch $10000 very soon.
Expecting Bitcoin to reach a all time high by this year end.
Expecting Bitcoin to reach a all time high by this year end.
As op said and your volality is a two edge of sword so lets the games monitor for where they goes either up stay at 8,000$ or can get the last all time hig way back 2017 history, because we all should knows how bitcoin fast moing because of volality good luck for this games hoping they can reach 10,000& up before end of this year.
Right now, the cryptocurrency marketplace is colored RED as the correction is setting in. Bitcoin lost around 10% of its price after touching the $8,000+ level the other way and is now steadying at $7,300+ for now. Other major altcoins followed the same trajectory as they also shed some of what they gained the past few days. Interestingly, just a huge single transaction triggered this ongoing "crash" if I am allowed to use this term.
Just another turn of events confirming how volatile bitcoin and the rest of its gang is...one day we are all excited as it passed the $8K level and then soon we saw the red spreading like a big wildfire. However, volatility is a two-edged sword...soon it is back on the game and on track to win over the $10,000 prize.
in a matter of few seconds or minutes possibly which do came from happy to panic mood.When it comes to price trend its no surprising that BTC would
always be the leader which if it do decrease the most of alts will decrease too not actually a surprising event.
Most are saying this is a healthy dip because it rose a huge amount in a short amount of time. What was it $1000 in less then a 48 hour period?
That is not organic growth of anything to increase by this much and be sustainable for an extended amount of time.
Let the correction happen and if it will bounce back like it usually does then let it and we will see it reach higher then what it was three days ago at $8350.
That is not organic growth of anything to increase by this much and be sustainable for an extended amount of time.
Let the correction happen and if it will bounce back like it usually does then let it and we will see it reach higher then what it was three days ago at $8350.
The market performance is just a normal trading trend for me. Nothing so important is happening. Though we experienced a big dump for bitcoin, yet it is recovering fast. A trader should strategize his moves on how to optimize his potential of gaining profit.
There's fhis local saying in my country that- when the elephant falls down, any animal can pkay around with it. Fact is that, we're seeing this kind of analysis due to the falling prices other than that there's no way that so-called "single" transaction could've brought down everything we did to bring the price uo to $8K+. Ah well, may be we needed to take a break lol.
Well unfortunately for me am one of the few stuck in the dumping market.. I have gotten used to the ups and downs associated with the volatility of crypto and I advice anyone with interest in crypto to do likewise ...I have a guy feeling we will cross 10k per bitcoin before October
It's not a dumping market. Corrections are a part of the rises and I expected it since 6000. When it was getting close I sold some of my bitcoins thinking the previous support will be a heavy resistance like many analysts were predicting but it didn't happen so when we went through I expected a correction at 6500 but it still did not happen.
Bitcoin exceeded all my expectations this month and even if we go back to 6000 it will still be a great bullish move that can take us to 10 thousand later this year.
Most are saying this is a healthy dip because it rose a huge amount in a short amount of time. What was it $1000 in less then a 48 hour period?
That is not organic growth of anything to increase by this much and be sustainable for an extended amount of time.
Let the correction happen and if it will bounce back like it usually does then let it and we will see it reach higher then what it was three days ago at $8350.
The panic is on, and they are acting like the market can no longer recover. This is just a normal correction, its good because its cheap again before it finally reaches the top. Yes, let the market bounce back and those who are on panic will just regret it, i just can’t see why they still act like this when the market are more volatile last year. That is not organic growth of anything to increase by this much and be sustainable for an extended amount of time.
Let the correction happen and if it will bounce back like it usually does then let it and we will see it reach higher then what it was three days ago at $8350.
Well unfortunately for me am one of the few stuck in the dumping market.. I have gotten used to the ups and downs associated with the volatility of crypto and I advice anyone with interest in crypto to do likewise ...I have a guy feeling we will cross 10k per bitcoin before October
Don't worry too much. In my opinion, this is only a price adjustment of Bitcoin, and may be the re-testing the bottom support so that it can grow in a stable and safer way for investors. In fact, the price of bitcoin is below $6k3 on that day, but it is only a flash sell of BitMEX exchange, so the price to recover gradually is dependent on the time.
Most are saying this is a healthy dip because it rose a huge amount in a short amount of time. What was it $1000 in less then a 48 hour period?
That is not organic growth of anything to increase by this much and be sustainable for an extended amount of time.
Let the correction happen and if it will bounce back like it usually does then let it and we will see it reach higher then what it was three days ago at $8350.
That is not organic growth of anything to increase by this much and be sustainable for an extended amount of time.
Let the correction happen and if it will bounce back like it usually does then let it and we will see it reach higher then what it was three days ago at $8350.
Do not worry so much about the current fall in Bitcoin prices. It is very good that he periodically leaves for the correction of his price. This is usually evidence that he is able to continue to grow further. I would worry more if now Bitcoin would constantly grow in price very strongly. In this case, he is necessarily very low and would fall for a long time. And now the situation, on the contrary, is conducive to good price growth.
Feels like it can correct even more before pumping up again. But I think we are done for now so up we go
The green is getting a bit back again at the moment but we have to see if it will hold, if so a rise could be expected again for sure. Market has moved till 7400$ recovered from 7100 so this is a good sign that it is not just falling but also can bounce back from it . Yes it has fallen but does not mean it will not rise again and thus I feel good time to buy again as it will rise again .
The red zone will not continue to flush, only correction while there are people who sell and take profits. Hopefully this won't continue and I'm sure the green zone will be seen in a few hours.
Jump to: