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Author Topic: Is it a market correction?  (Read 64 times)
finblockchain1
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April 16, 2018, 07:42:46 PM
 #1

Today we see 5% correction of BTC price. It will continue?
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April 16, 2018, 08:15:11 PM
 #2

It's healthy for the market to make some correction.
The thing is the correction seems " so slow ", which probably means it may correct a lil bit then new ATH of the last ATLH which was around 8.3K

It will take time for the crypto space to acquire the confidence again, but it seems we're on the right path now.

Those who wanna short BTC for some sell position would be a BAD decision.
Always remember the trend is your fridn, the short term trend (long term too) seems bullish.


 
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April 16, 2018, 08:46:58 PM
 #3

In a bear market, you have to lower expectations.  Even if BTC were to form a higher low, that would be a bullish sentiment in the current state.  The problem is the overhead resistance of the 8200-8450 area and 8900 - 9200 will require a lot of bullish momentum.  I was hoping we'd drop one more time below the 6k mark even for just an hour to get a huge resurgence bounce from institutional money buying in to cause a lot of fomo for these two areas of major resistance but alas that never materialized.  Friends/colleagues have been asking me what to do all week and I maintain that until I see a break of 9300 I'm going to assume the bear market will continue.  The sentiment is definitely more positive compared to two weeks with the 1D death cross and I'm at least hopeful now that it won't be a 12 month+ bear market like last time, but we may, unfortunately, have a bit to go.  Tread carefully in alt positions until 9300+ imo.. any position taken should be small and on a short leash.  It's better to miss a bit of the bottom on a confirmed reversal over getting cut by the falling knife.   I'd also be afraid to short or long with any margin right now.

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April 16, 2018, 08:53:59 PM
 #4

I won't say a correction but rather a bull market.
It pulls every altcoins too.

I do think this is just normal with crypto currencies. They tend to jump in price all of a sudden. With the amount of people now investing with every coin or token there could also be a large change. That is why it is better to hoard more before its late.

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April 16, 2018, 09:17:24 PM
 #5

Today we see 5% correction of BTC price. It will continue?

We see a positive motion on the market right now. When there is an error the there should be a correction, so is there an error in Bitcoin price that you say this positive upbeat is a correction? I would only say his is a spike where investors begin to he active after a series of drop and seeing that it is the time to buy since the price is lower than what it was last December.

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April 16, 2018, 09:56:27 PM
 #6

Today we see 5% correction of BTC price. It will continue?
This price fluctuation is a temporary issue again this will pump and dump is possible. So some big transaction is involved in the price correction after that all the Bitcoins are hold in wallet then it will move to raise in slowly. I think this month all the problems are solved in crypto platform so must wait for the day.

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April 16, 2018, 10:34:33 PM
 #7

I won't say a correction but rather a bull market.
It pulls every altcoins too.

I do think this is just normal with crypto currencies. They tend to jump in price all of a sudden. With the amount of people now investing with every coin or token there could also be a large change. That is why it is better to hoard more before its late.
I dont know why people still got surprised on how the cryptocurrency market prices do move. Its very unpredictable everytime it would be a correction or anytime it would be a reversal trend no one really knows and as an investor or trader you should really be wise on when to enter the market because if you wont really be wise then missing out chances on making money is there and you will regret later on.


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April 16, 2018, 10:52:52 PM
 #8

I don't know why people still got surprised on how the cryptocurrency market prices to move. Its very unpredictable every time it would be a correction or anytime it would be a reversal trend no one really knows and as an investor or trader you should really be wise on when to enter the market because if you won't really be wise then missing out chances of making money is there and you will regret later on.

I think really any market would have this harsh of corrections if the price was this volatile.  Bitcoin was long overdue and it was riding on high RSI forever.  I do feel like you are describing that the entry is much more important than your exit since with the unpredictability and the violent nature of the market, its the only thing you really have any control over is when you press to buy... I just think it's safer to miss 20% of the bottom to wait for confirmation above the 9300 bitcoin level that it is indeed real and not a bull trap then ride the gains up that way over buying in early in fomo and the market have another 20-30% slippage. Either method is appropriate it just depends on your risk level you prefer.

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April 16, 2018, 11:23:14 PM
 #9

Today we see 5% correction of BTC price. It will continue?

I wouldnt even call it a correction because we've been in a downward trend for many months now so a little rise and then a slight drop should not constitute being characterized as a correction.  However, the slight price rise that we did experience last week is what i would consider a correction to the bear market since we've been dropping for so long.

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April 16, 2018, 11:58:59 PM
 #10

Today we see 5% correction of BTC price. It will continue?

I wouldnt even call it a correction because we've been in a downward trend for many months now so a little rise and then a slight drop should not constitute being characterized as a correction.  However, the slight price rise that we did experience last week is what i would consider a correction to the bear market since we've been dropping for so long.
It's a FUD phenomenon that makes the market drop for long, when it arise a little, many gets too excited to sell it, since theyd been waiting for it for long. Correction is already done I think. It needs to go in recovery phase now.


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April 17, 2018, 12:02:58 AM
 #11

Today we see 5% correction of BTC price. It will continue?
I think that bitcoin prices are fluctuating greatly as they are constantly adjusting and causing the market to fluctuate continuously and very complex. I believe that the continuous correction of the bitcoin price suggests that bitcoin will continue to have strong declines. So I think that at this point you should sell bitcoin and wait for better signals to be able to enter the market.
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April 17, 2018, 12:05:41 AM
 #12

Today we see 5% correction of BTC price. It will continue?
Bitcoin prices are very good for you to buy, I see that the current bitcoin prices are slightly adjusted before the price increase. So you can buy bitcoin at this time to trade bitcoin. According to my analysis, the bitcoin price may reach $ 9000 in the coming days, and will immediately adjust to the $ 7500 level.
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April 17, 2018, 01:08:26 AM
 #13

Today we see 5% correction of BTC price. It will continue?

I wouldnt even call it a correction because we've been in a downward trend for many months now so a little rise and then a slight drop should not constitute being characterized as a correction.  However, the slight price rise that we did experience last week is what i would consider a correction to the bear market since we've been dropping for so long.

We can't really expect for the price to continuously go up even after the long downtrend so it's normal to see the price to go down a bit. A correction is a reverse moment to adjust an overvaluation and the price rise we experienced isn't even overvalued yet. No one can really tell whether the price will continue to go down but seeing that there are recent positive news for bitcoin, let's hope that it will go up again.
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April 17, 2018, 02:22:27 AM
 #14

Today we see 5% correction of BTC price. It will continue?
It's better because it's a little correction, if there is no correction then the correction will make a big dump like in the beginning of this year, at the end of year 2017 the price was very high than the effect is this year (big correction)

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April 17, 2018, 03:10:19 AM
 #15

Today we see 5% correction of BTC price. It will continue?
I think this is only a healthy correction and nothing to worry,this make the market more valuable and reliable to all investors..but the resistance of bitcoin price is strongly holds $8,000 and this is a coz for celebration because To day taxation in US has ended and more of us here looking on what will the result and good feeds may this effect our market movements

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April 17, 2018, 03:39:05 AM
 #16

I think this is a sign before Bitcoin warms up. I believe that soon Bitcoin will usher in a wave of skyrocketing. I will buy some Bitcoins. I believe Bitcoin will not disappoint me.
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April 17, 2018, 04:53:09 PM
 #17

Anything happening in the market between 0 to 30% is absolutely normal in my opinion as a crypto market is not regulated and hence it is wild in behaviour plus we don't have a mass maturity as of now to handle such ups and downs and hence sometimes it creates a panic situation. However, there is nothing to worry about 5% fall and it is nothing in front of recent 65% price fall (actual correction).

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