small price correction after this bullrun - page 2.

LUCKMCFLY

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I think that at the moment a movement is brewing, perhaps it is most likely bullish, because although it is at a price of approximately $55k the trading volume is still high, and that is a good sign, the bull run has its natural corrections, it may be in an eventual short-term build-up to be propelled higher than $60K.

This analysis matches what I think:

Quote

Despite the decline, the long scenario is more likely than a bullish one as the coin is accumulating power at the moment for a rise to the next level at $61,400.

Source: https://u.today/btc-eth-xrp-bnb-and-ada-price-analysis-for-april-21

Of course this is a short-term perspective, which can be invalidated if there is a bearish move, although I see it unlikely.

beerlover

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Quote from: Coin_trader on April 21, 2021, 06:53:37 AM

Quote from: Desmong on April 20, 2021, 04:42:23 PM

The problem is nobody knows what is going to happen next that's why we'll have to be smart in determining the market direction. The market makers might choose to do it thing without considering the reaction of her buyers or sellers.

We should not be too greedy with our assets cos with might be seeing it Rosy now and later on turned against us.

This is a fact for small retail investor but not for an institutional investors that holding huge percentage of the token. Crypto market can be manipulated due to the current liquidity volume and to shake off position on the future trading. This is the number one problem of crypto, the price can be easily overturn by some news or events due to unregulated exchange which producing unverified transactions.

That type of shake happens all the time in order to make countless times more money than normally can. You see a lot of people shorting bitcoin? You buy few hundreds of millions of dollars worth and before that you long bitcoin x100+ leverage and make a ton of money from that increase. You see a lot of longs and borrowers? You sell those coins and drop the price and make money from all the people who longed as well.

Basically you can make money on any direction if you have enough money, the shorters and longers are public information and you can find them if you know where to look at and if they get too much you will have a chance to manipulate the market. Obviously you need to be super rich to do this, but if you have enough money you could make enough money to profit from this. Nobody can say that it will not be difficult, it will be hard, but it can be done if you are rich enough.

SquallLeonhart

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Quote from: mrjoy15 on April 21, 2021, 10:27:48 AM

It's the right momentum to buy Bitcoin, I've got interest to invest but it's like giant to give a bite. Anyway, I'm going shopping even it's just fraction. Somehow, I have feeling panic selling is good for market because it creates opens up more purchase opportunities. But, It also good to watch what the BTC market does. You don't wanna buy before a further downside.

Yeah, not sure how many of us are making use of the current dip; there was FUD which caused this correction but people are still expecting more cheaper prices so that they will enter after that. But, making use of current available prices will be a good decision in my opinion.

I will not be surprised, by tomorrow itself if bitcoin markets again entering into $60k zones. Anything is possible here and waiting too much will be highly recommended; make use of current opportunity and buy more if you get another opportunity.

Rana590

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Actually it is on the way of rising now and price will be increasing very soon. Price dropped little bit but now, price is staring to rise again. This time, the price of bitcoin can hit $70 and it is very possible for it.

mrjoy15

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It's the right momentum to buy Bitcoin, I've got interest to invest but it's like giant to give a bite. Anyway, I'm going shopping even it's just fraction. Somehow, I have feeling panic selling is good for market because it creates opens up more purchase opportunities. But, It also good to watch what the BTC market does. You don't wanna buy before a further downside.

Becky666

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Nothing to be afraid at at the moment becasue institutions have been into the system and they won't just decide to go back to fiats currencies. The fiats currencies aren't doing well at the moment, this should be the hope that after this little correction anything can happen to the general market bullishness. It's time to have or acquire huge alts from the market now too make something good in the bull-run.

Kasabus

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Quote from: veznata on April 11, 2021, 12:39:32 PM

People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

Probably right and these early sellers will wait for the next bear season to start buying back again. kinda be a safe strategy who are afraid of taking a risk and I think that seems so good to practice if you're not only depending on crypto as your major source of income.
And even me, I'll do the same. We can't ignore the possibility of market dumps and investing this time had no assurance. Buying at $60k, that is really a risky doing and we are not sure if ever it dumps and the next pumps will more than $60k to get a profit? So I suggest investing in Bitcoin only during the market correction or during the bear season, not in a situation that we are at its peak.

STT

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Its trading below the 50 day average, its less positive then it ended last week with so it appears we need to develop further and revise prices. I'd be more confident of a resumption to price rising when back above the 50 day average, I did previously think we had to go back to the 200 day average but Im not sure it will require that or not now. Meanwhile 200 day will risen quite alot so its no longer too much of a negative, 25k would be a large negative to many so thats the outlier outcome I would expect to occur and still be relatively normal in most years as a low

justdimin

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Quote from: veznata on April 11, 2021, 12:39:32 PM

let's say we reach 150-300K max but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time.

How we can predict that those institutions and other large-scale adoptions also want to buy back at cheaper price levels?

When individuals will be watching and getting ready for go along with the cycle of bitcoin markets, why not we expect big players also doing the same thing and more importantly they are well-known for catching the opportunities more earlier than others so that they will maximize their benefits and trapping all others?

One thing is very clear: even individuals might adopt bitcoins with the long-term plans whereas most institutions will not be having such plans; they definitely look for quick money.

Coin_trader

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Quote from: Desmong on April 20, 2021, 04:42:23 PM

The problem is nobody knows what is going to happen next that's why we'll have to be smart in determining the market direction. The market makers might choose to do it thing without considering the reaction of her buyers or sellers.

We should not be too greedy with our assets cos with might be seeing it Rosy now and later on turned against us.

This is a fact for small retail investor but not for an institutional investors that holding huge percentage of the token. Crypto market can be manipulated due to the current liquidity volume and to shake off position on the future trading. This is the number one problem of crypto, the price can be easily overturn by some news or events due to unregulated exchange which producing unverified transactions.

Oasisman

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Quote from: veznata on April 11, 2021, 12:39:32 PM

People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

Most probably we won't see that kind of huge percentage of correction or shall we say bearish run at this current rate, especially that huge investors like big companies and institutions are all into Bitcoin. I'm seeing a 50% drop in the future once this bullrun peaked, maybe at the 6 digit figure.
However, If this huge correction isn't recurring anymore then those who sold all their bags will be facing their worst consequences for not hodling long term.
Nevertheless, everything that goes up must go down anyway. So, the possibility for a huge bearish run is always there.

Desmong

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The problem is nobody knows what is going to happen next that's why we'll have to be smart in determining the market direction. The market makers might choose to do it thing without considering the reaction of her buyers or sellers.

We should not be too greedy with our assets cos with might be seeing it Rosy now and later on turned against us.

Hamphser

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Quote from: ?? on ??

Quote from: veznata on April 11, 2021, 12:39:32 PM

People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

I'm also think something like this one, what happens if the 2017 case is not repeated?? In 2017 institution is not joining, but now is different, Bitcoin stronger than past and so many institutions join with huge money. If they did not sell it what happens?? No huge correction I think

But I have a target and my target at end of this year, I will sell my asset for my real life maybe will huge sell, no matter what happens next I will not regret my decision

When we do try to compare about adoption level then this isnt something similar that we had seen in the past on where lots of companies and intuitional investors havent been able to jump this market yet

which means that the price movement into the past can be considered out to be a bit of a bubble comparing as of now where you can really see that it has been backed up with something.

Crash is inevitable if all decided to make out some cash out but i doubt that it wont really be happening anytime soon.People and companies do held off for longer terms.

AakZaki

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Quote from: Dannaey on April 14, 2021, 08:36:54 AM

I have a feeling that Bitcoin won't be able to dump again below $40,000. With big companies are now in crypto, I doubt they will just sell off their position just to take a quick profit. For sure they are expecting just like what we are expecting that probably before end of this year we will celebrate big time as Bitcoin will most likely to hit $300,000 to $400,000 or more.

You are right, a small correction will be between $40,000 to $70,000. Let's be positive and just go with the flow.

$ 40,000 is a pretty deep correction price if bitcoin's current price is $ 60k. Some large companies like Tesla and other companies do invest in bitcoin. they will of course defend the price they buy. they will try to keep what they have got. Bitcoin is currently continuing to rise and many predictions say bitcoin will be able to reach the rage price of $ 100k. Hopefully it can come true. everyone expected it.

Ridwan Fauzi

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You thought like because bitcoin is in a bull run market when everything about correction is small and the chance for bitcoin price up is so confident. But, the market sentiment is not like that, the instutional investor also will be worried when bitcoin is trying to correction. They will not be careless for buy orders at some low price, they will still think about market sentiment as well.

Moreover, in the history bitcoin has met a huge correction after the bull run season. Do you think all bitcoin investor either new investor or old investor didn't think to there? I guess they will be considered it when the correction is happening. So, don't think too much, we still have a chance to having bitcoin although it is price is already high. Bitcoin is not for rich man or instutional investor because we as a retail investor still have a chance to having it.

Mahdirakib

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Quote from: pooya87 on April 13, 2021, 03:08:52 AM

Quote from: Betwrong on April 12, 2021, 09:09:07 AM

I personally was expecting a correction when we reached $30k+, so now, knowing how wrong I can be, I'd rather agree with you regarding $150k.

~snip~
If you were expecting a correction after reaching $30k we did have it when price reached $34800 and dumped down to $27700 (a 20% correction) but the duration of it was short (about 3 days).
We didn't see any prolonged correction (that usually take 2 weeks to a month) ~

After crossing $30k level bitcoin reached above $40k within a short time (on 7th January). And the price dropped below $30k again at January 22nd. But the price didn't drop continuously, there was too much volatility in between. Though it was a two week cycle and the price change was almost 40%. Which spread a little fear among some holder. But most of the big whales and institutional investors didn't take any panic move. They bought more and more at that time. Finally it showed strong upward rally again at the end of the month.

So I think that there is less chance of happening a bigger and prolong bubble burst like before. Institutional investor wants to grab more btc because bitcoin have limited supply. And everyone realized the importance of it. Maybe this price cycle will repeat, a massive FOMO then a small short term correction, after that a long stability and finally another price rally.

Dannaey

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I have a feeling that Bitcoin won't be able to dump again below $40,000. With big companies are now in crypto, I doubt they will just sell off their position just to take a quick profit. For sure they are expecting just like what we are expecting that probably before end of this year we will celebrate big time as Bitcoin will most likely to hit $300,000 to $400,000 or more.

You are right, a small correction will be between $40,000 to $70,000. Let's be positive and just go with the flow.

bosede1

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If this happens I think there will be a way around it but like you said whoever sells the coin at that time must think twice and decide if you will wait for the dump to buy another or your portfolio is reduced if we think of the only negative effect of the institution joining then that will not be really good.

bitterguy28

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Quote from: veznata on April 11, 2021, 12:39:32 PM

People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?

But that's 70-90 % correction is exage mate .

i Think we can see at least maximum of 30% decrease in price after the Maximum value reached this year.

Quote from: Innerpumper on April 13, 2021, 10:16:19 AM

all scnario could have happened, But I think bitcoin had not reached 150k before the correction and became a light bear. I don't know if bitcoin can reach 6 digits within the next 5 years. But all the rich people started paying attention to it.

You don't believe reaching even 100k in the next 5 years? then you should get out of Bitcointalk because you don't even trust How Bitcoin can manage to reached sooner.

Betwrong

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Quote from: pooya87 on April 13, 2021, 03:08:52 AM

Quote from: Betwrong on April 12, 2021, 09:09:07 AM

I personally was expecting a correction when we reached $30k+, so now, knowing how wrong I can be, I'd rather agree with you regarding $150k.

Well the important thing to remember is the difference between a correction and a crash (or bubble burst).
A correction is small in size and in bitcoin world it it usually between 10 to 20% but it can go as high as 30% verging on being a crash.

I was expecting something like this, to be honest. And I thought it could take weeks for going up again, not just 3 days.

Quote from: pooya87 on April 13, 2021, 03:08:52 AM

A bubble burst on the other hand is massive in size and the duration of it is also very big. So far the bubble burst sizes has been around 80% and the duration is at least a year of bear market.

If you were expecting a correction after reaching $30k we did have it when price reached $34800 and dumped down to $27700 (a 20% correction) but the duration of it was short (about 3 days).
We didn't see any prolonged correction (that usually take 2 weeks to a month) because price was stuck below $20k for a very long time and the initial rise was accompanied by a massive FOMO.
We are in a similar situation right now too, price has been stuck in $50k range for nearly 2 months now and it is getting ready for another massive FOMO breakout.

OMG, you were so right! Look at where we are today, we hit a new ATH. I really start thinking that your words, "if price reaches $150k that is NOT a bubble and it is NOT going to dump big if dump at all." can turn out to be true. In any case, it was an amazing analysis.

Topic: small price correction after this bullrun - page 2. (Read 717 times)