Bitcoin Forum

In May and June, we see 2 corrections, Bitcoin and most of altcoins were crashing hard. When is the third correction?

We need to stay in this channel to keep from having a major correction, or perhaps a bubble burst. The fact we did not surpass the previous high made around June 12, but rather made a double top (technically it's a triple top)  is somewhat bearish. Now we're in a cup and handle formation and we could go either way, though I'm worried that way will be down because of that double top.  If we do sell off, it will be a pretty hard selloff, and will happen likely within 48 hours. If we can rally up and surpass the previous double top, we should have a bull that continues and give us a nice surge higher to 130+ billion. If I was a betting man, I would bet the bearish route, but I hope I'm wrong.  Positive news includes more than 80% of miners for bitcoin signaling segwit, with bearish news being the problems ETH is having, which couldn't have come at a worse time. Hopefully people rotate out of ETH and into Ardor, ETH's main competition,  or other altcoins and not to cash or tether.

http://i67.tinypic.com/29zwpqf.png

For sure there will be a 3rd correction @ Aug 1 due to the hark fork and in my option it will be hardly negative. This will affect almost all alts, but may be with some gain only to ETH and LTC.

After activation of segwit2x on august but if everything works normally this might trigger another good pump. So its better to hold half in bitcoin and half in fiat during the month of august or during the month of segwit activation. Support for segwit2x is growing rapidly so we might get it activated.

is the third correction happening?  :o :o :o :o

Sort of, Even 4th and more correction is possible because price of alts today is very high and imbalance. This is a great opportunity to bag some precious coin in cheap price.
Too bad for bag holders that buy on expensive price.  ;D

For BTC I'm bullish the next few weeks. There is a nice inverted head-shoulder formation and volume is coming back. Alts as usually will follow. I will not worry about a correction before end of july.

yes cup and handle formed but then the dish ran away with the spoon  ;)

Here you go.. correction. Everything is red..and last hour everything dropped average 4-5 %.
This reminds me of May 27th.. .. it has just started..we will see if it keeps fallings a bit more. I believe it won't be too much of dumping. But this correction was desirable.. we went to fast in August.. healthier progress is desirable..

Well nobody was expecting it to just go to $10000 at once, it was obviously going to happen a correction, it was needed.. We are at $4600 right now, i think it will get to $4500 no more.
This is not gonna be like what happened in may or in july that bitcoin dropped more than 35%, i dont think that is gonna happen because there is gonna be to much panic selling.
Lets see how things goes in the next hours

It's going on right now!!!

I hope there is no more correction and division in the world of crypto. I think a lot of friends here who suffered losses due to alt prices dropped dramatically and many panic sells happen. I myself lost a lot in trading.

Same as today,everything is red,maybe that will last a couple of months while everything stabilizes again.

Price correction do normally happens on cryptoworld.If prices do go up there would really be a time on which price would dip again and losing money is just really a normal thing and that is the risk on engaging on this coins.Volatility cant really be removed this is why we should really be careful on choosing coins to invest on because we wont know on where do prices go and this is why we should really be wise.

The price is correcting now i think. We can't know when the price will correct. It is surely because it was too high for certain people or organization.
I think if you have a lot of coins you can influence this.

This is not the correction, You must try to read the latest news about the chinese country has been banned the ico in there, It looks same with what already happened with bitcoin in 2013 since the chinese try to prevent the bitcoin to be a big crypto.

After this China ICO FUD is finished, we will see more gains in the altcoin markets. But i think ICOs are dead for a while now. Also some of the project that had their ICOs going to bleed hard in my opinion.

We all knew it was only a matter of time before the BANHammer comes and whackamole these ICOs. Time for the genuine ICOs to make a comeback