Topic: what is it : coin price (or market) correction? - page 2. (Read 306 times)
Coin price correction I think is what they call it when the price of BTC or any altcoin suddenly fly way up and then a day later the price dips and back up and dips again till the price go low almost back to its previous price before the pump. It does happen every time BTC goes up for about 10%. Last year the price reach up to $20k and not its $6k, you can consider it price correction but some call it the bottom.
Stock market term, one of the many borrowed by crypto traders to take on a life on their own.
As Gozie51 says, it refers to the reverse price movement when the stock (or in Bitcoin's case, Bitcoin price) has been overvalued, typically during a speculative bull run or... if you believe in crypto terminology, a pump. In other words, the price is moving back towards its "correct" value.
I think for Bitcoin or crypto, it's been used for the opposite direction too (ie. when oversold, price corrects upwards).
Some believe we're in the midst of a long-term correction.
As Gozie51 says, it refers to the reverse price movement when the stock (or in Bitcoin's case, Bitcoin price) has been overvalued, typically during a speculative bull run or... if you believe in crypto terminology, a pump. In other words, the price is moving back towards its "correct" value.
I think for Bitcoin or crypto, it's been used for the opposite direction too (ie. when oversold, price corrects upwards).
Some believe we're in the midst of a long-term correction.
Thank you .. I think you mean that the correction of the price occurs when the rise or fall of prices has happened suddenly and without objective reasons and no price stability for long periods ... right?
The rise that happens suddenly without any reasons are what we called pump. If you are going to read threads on discussions for bitcoin and altcoins or even their speculations, you'll see people saying that word at all times.And when the fall comes suddenly that's what we are calling dump.
I don't know whether what you are trying to ask is clear from the way you have put it.
Sometimes we read news say ".. what happens to a particular coin is a correction of the price, and sometimes we read in other news".. it is expected that a market correction will occur ..." for example . i wish my question is clear now
Correction is when price has gone expected price range. It can go bearish or bullish but I'm sure it is usually used when it has gone up above price range.
There could be market over bought, this could be for a long time or short time (just as we saw around December with bitcoin hitting its ATH and started retracing in January) and it could retrace to normal with time.
Market sentiment can be one of the reasons.
Market sentiment is the movement of price with or without a clear reason. It could be for the love of a product, empathy, sympathy etc.
Sometimes we read news say ".. what happens to a particular coin is a correction of the price, and sometimes we read in other news".. it is expected that a market correction will occur ..." for example . i wish my question is clear now
(or market) correction term , What is the precise definition of this term?
Correction is when price has gone expected price range. It can go bearish or bullish but I'm sure it is usually used when it has gone up above price range.
When
Usually when there is price spike and it tries to retrace back to normal price.how does it happen?
There could be market over bought, this could be for a long time or short time (just as we saw around December with bitcoin hitting its ATH and started retracing in January) and it could retrace to normal with time.
And why?
Market sentiment can be one of the reasons.
Market sentiment is the movement of price with or without a clear reason. It could be for the love of a product, empathy, sympathy etc.
Thank you .. I think you mean that the correction of the price occurs when the rise or fall of prices has happened suddenly and without objective reasons and no price stability for long periods ... right?
I don't know whether what you are trying to ask is clear from the way you have put it.
Correction is when price has gone expected price range. It can go bearish or bullish but I'm sure it is usually used when it has gone up above price range.
There could be market over bought, this could be for a long time or short time (just as we saw around December with bitcoin hitting its ATH and started retracing in January) and it could retrace to normal with time.
Market sentiment can be one of the reasons.
Market sentiment is the movement of price with or without a clear reason. It could be for the love of a product, empathy, sympathy etc.
(or market) correction term , What is the precise definition of this term?
Correction is when price has gone expected price range. It can go bearish or bullish but I'm sure it is usually used when it has gone up above price range.
When
Usually when there is price spike and it tries to retrace back to normal price.how does it happen?
There could be market over bought, this could be for a long time or short time (just as we saw around December with bitcoin hitting its ATH and started retracing in January) and it could retrace to normal with time.
And why?
Market sentiment can be one of the reasons.
Market sentiment is the movement of price with or without a clear reason. It could be for the love of a product, empathy, sympathy etc.
sometimes i hear about :coin price (or market) correction term , What is the precise definition of this term? When and how does it happen? And why?
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