Bitcoin correction is healthy!

[Digital_Lord]

Adjusting prices has increased me even more, as the ongoing price drop has made many people depressed, so it would not be good for us to invest in them now.

What is the essence of getting depressed ?
It is the market and it would only affect those who want it to affect them psychologically.
 Moments like this are something we just cannot stop seeing every once in a while but as far as I am concerned, all we have to do is to be patient, buy more at the dip and look forward to the long term than trying to play some depressive emotions. It is what it is, and for one fact, I see it as an opportunity to buy low.

[glowing10]

Correction movements are always normal. For those who profit will realize. Everyone wants it. Then the ascents continue. But nobody should panic. If panic happens, it becomes a disaster.

Corrections are welcome when suddenly the price has jumped like 1 or 2k $ without any reasons. Those are generally where the whales have entered the market and in order to make money in short term they have pumped the money. And soon will even remove it when they get their target.

[nairb131]

Yes, correction is very good for a market because it will help drive away some bad yokes and normalize the market and I also believe after the correction, there will be positive increase in the price of bitcoin and other crypto.

[ravijadon12jan]

I know it is probably depressing for you

But

This dip is necessary to align the technicals

And

Clean out the bears

Bull run in the making

My Opinion!

You hit it right where it hurts the bears
Nice analysis, and yes I too think that this time we're going to see 10k in next 45 days or so. I am hoping that there'll be no bad news regarding any hack or any regulation or any other crypto bad news at all. We all know how that can take the price down in few days. Bulls are having the momentum right now, don't want that to break for another week or so. If by the friday we don't go below the 7k mark (which was the long resistance now acting as support).

[Emperor of Man]

Yes, bear market is a necessity, and every technical analyst and specialist I know agrees with this opinion.

It's hard to take at the beginning. Your first experiences make you scared for your life! But if you're patient enough the next periods become easier and easier, and many traders even learn to use the bear market to gain profit.

[jakezyrus]

Correction movements are always normal. For those who profit will realize. Everyone wants it. Then the ascents continue. But nobody should panic. If panic happens, it becomes a disaster.

Corrections are welcome when suddenly the price has jumped like 1 or 2k $ without any reasons. Those are generally where the whales have entered the market and in order to make money in short term they have pumped the money. And soon will even remove it when they get their target.

of course correction are always welcome not only when the price jump from 1 to 2k but also when the price drops . correction do always happen all the time because it is correcting the price in order to become more stable  but cryptos are still volatile and correction cannot totally control the price . yet , correction is indeed a healthy thing because we can be able to get a benefit such as buying a coins at a more affordable price whenever these so called correction occurs .

[carlisle1]

I know it is probably depressing for you

But

This dip is necessary to align the technicals

And

Clean out the bears

Bull run in the making

My Opinion!

You got it right mate,look at the market now in just a weeks you have posted this

Correction is needed in every investing business so the flow of prices will all at place

Wondering that the recent correction is enough for us to reach $10,000 again,or there will be another before this comes on our way either both i am seeing good things will comes to those who waits

[realknow]

Correction movements are always normal. For those who profit will realize. Everyone wants it. Then the ascents continue. But nobody should panic. If panic happens, it becomes a disaster.

Corrections are welcome when suddenly the price has jumped like 1 or 2k $ without any reasons. Those are generally where the whales have entered the market and in order to make money in short term they have pumped the money. And soon will even remove it when they get their target.

of course correction are always welcome not only when the price jump from 1 to 2k but also when the price drops . correction do always happen all the time because it is correcting the price in order to become more stable  but cryptos are still volatile and correction cannot totally control the price . yet , correction is indeed a healthy thing because we can be able to get a benefit such as buying a coins at a more affordable price whenever these so called correction occurs .

yes really sir indeed we must always correction all coin that will emerge and its development so that we will not ketingalan information from coin-coin development which will shine in next month.

[maldini]

bitcoin prices are now starting to rise, I have predicted since last 14th of july, maybe the bitcoin price increase now will not last long after my analysis again

[Katashi]

Yes it is i believe as of now it is starting go recover again. Yesterday it jumped more than 1k from 6.3k to 7.5 k. I guess this is just a start given that the CNBC News Experts are saying that it is impossible for bitcoin to recover but there goes the yesterdays scenario. Which is good for us but very big slap for the btc haters.

[Good Bo]

i dont know really whats wrong with btc price but it seems it doesnt recover as we expect. btc needs to reach 10k to start big bull run but it just cant do it anymore. 6k is not good price and all alts going down too with btc. we need big investors but there is sign when they will come. i hope this end soon otherwise wont be easy to take profit

As all know that bitcoin price correction is healthy but if continue like this then its not healthy anymore.
You are right that the price is not like we expect since the price is bearish for any longer. We should wait for now. Patient is our key.

[wuvdoll]

Time will tell if we are actually going to be seeing a bull run in the making any time soon.
Although, there is a likelihood of a head and shoulder formation if it indeed form thoroughly and we are about to use that to break the $6850 resistance upward, but I still would be careful as the market is not smiling at anyone right now and any little pinch can cause a rapid drop to the downside pretty fast.

At least, it would be a good thing to see some good uptrend though. When bitcoin is available for cheaper prices it attracts more new people as per my assumptions.

[Renskin]

The market will be bearish until the problem of blockchain scaling is solved. As soon as any of the blockchains will solve this problem and show successful tests. This news is likely to blow up the market and will have a positive impact on the price of not only bitcoin but also all to criticize

[CptThomas13]

I really want to hope for the end of bitcoin correction, it has been delayed for a long time. The correction will end when the big players will gain positions at the desired prices and give the green color to the positive news.

[Warbson]

Yup. If I had only held onto all of my investments when I bought them, I'd be up so much right now. But selling low and buying in later has hurt me. Hodling works.

[yansen]

for me this is no problem. it should be like this, because the graphic flow created needs confirmation. and the decline in bitcoin prices is a deal. and get rid of people who do not understand bitcoin. if I see yesterday's rise, I think the price drop is over. and Bitcoin prepares to run up.

[creeps]

Correction movements are always normal. For those who profit will realize. Everyone wants it. Then the ascents continue. But nobody should panic. If panic happens, it becomes a disaster.

Corrections are welcome when suddenly the price has jumped like 1 or 2k $ without any reasons. Those are generally where the whales have entered the market and in order to make money in short term they have pumped the money. And soon will even remove it when they get their target.

Correction is really normal in any market, every time we saw a bear candles expect the price to continue to dump and for sure it will pump later on when the whales enter the market at a lower price. We must not scared if you see some signal, instead trade with the trend and don't ever panic. Corrections will always happen, at any level in the future.

[Idrisu]

I know it is probably depressing for you

But

This dip is necessary to align the technicals

And

Clean out the bears

Bull run in the making

My Opinion!

We can now see how things are working out and for those that has this same mind are building confident on the market.  Investment into cryptocurrencies and bitcoin in particular demands one to know were the state of the market is to actually makes money from the market.

[TastyChillySauce00]

Yes, correction is very good for a market because it will help drive away some bad yokes and normalize the market and I also believe after the correction, there will be positive increase in the price of bitcoin and other crypto.

But frankly speaking, correction is not a necessity when it comes to price pumping, correction is just some traders are setting their target at some point and then dumping it altogether but that only crush a little of buy wall.
Whether with or without correction, if the price is pumped steadily then it can be called a healthy market too, but if all of the pump and dump happen suddenly, well there's maybe some manipulation or just a temporary hype train.

[bhantom]

It is still better than time when price was under 5000 dollars. My hope increase now because i see it is possible to really achieve moon price in next months. I will wait for this