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Author Topic: Recent Bitcoin Correction  (Read 351 times)
carlfebz2
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December 07, 2020, 08:49:48 PM
 #41

no more corrections have occurred in the price of bitcoin,
the current decline in Bitcoin is still very small in percentage, of course this makes altcoins at support prices,
of course if Bitcoin acts up, the altcoin price will also fall.
Bitcoin and alts doesnt correlate from time to time because even if bitcoin is on moving sideways or doesnt show any big bearish or bullish act then it doesnt mean
that altcoin will react from time to time.

We cant say that we wont be experiencing any correction soon because there would always be tendency or possibility.We cant just able to precisely predict on when it would
happen.Take a look on the current price where we are just playing around 18900-19100+ and theres no significant signals that we would reach 20k soon.

Therefore, on this case then we should always prepare for other possible move neither a breakout or an another correction.
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December 08, 2020, 09:02:40 PM
Last edit: June 12, 2023, 02:12:09 AM by STT
 #42

It is what happened last 3 weeks but bitcoin is moving to the end of the triangle pattern

Yea I agree on the triangle, we're full Bermuda situ right now Shocked     Its not yet broken down but the bullish channel is challenged and we're outside that again in recent price history.    Bit of a stall, we could revive but perhaps the daily bar will confirm this either way.    Close of the daily bar is open into Japanese and similarly located economies on that time line which is enough money to confirm pricing as cheap or continuing to fall

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