Is it correction time? Market down by 8%

[Handsome Boy]

You do not worry, the market goes down only to fill gas, after that the market will skyrocket and of course there will be a bull run, therefore this is an opportunity for you to buy more and get a very big profit, because 2020 is the year for the market to recover and of course a bull run will occur.

[Qcrypto]

The market cap just took a really nice plunge averaging 8% loss. Currently at $289B and red across the board.

It has recovered slightly and quickly, it's up now by $292B which is very nice and encouraging to think that despite these slips, the market recovers on its own as we imagine.

Is price correction on the way or just short sellers playing their game?

Short squeeze I guess.

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[Qcrypto]

It's already happening, the market has been on a upward trend for quite sometime and it's only healthy it's experiencing this correction at this time as it offers new opportunities for those who missed buying to jump in on the fun. Ethereum has been the most surprising altcoins for me this year and from what I'm seeing it still has more to offer therefore there isn't any need for panic at this small correction it's experiencing.

Thankfully it isn't just ethereum price declining but that of the cryptocurrency market in general therefore it can be concluded, this is just a reaction of traders and short term Investors taking profit from the market. Small corrections like this shouldn't call for any alarm most especially as the year is just beginning, we're not even done with first quarter. There's still time for the market to recover and achieve new milestone.

Maybe it's the last call for all those who missed to buy when it was low.

One more plunge so everyone can buy cheap.

[maydna]

I guess that we see a correction for all coins in the crypto market. We don't have to worry about that because the market will be back at the current price before and it will have a chance to increase back. For people who are ready with these situations will use this time to buy more bitcoin and altcoin because, after this, the market will rise again. The falling of the price at the market will not make them afraid because they know that this situation will happen many times, and this situation will give them another opportunity to buy the coin at a low price.

If you check at the market, it seems, not all coins are down because some altcoin uses this chance to lift the price to a higher price, although the price does not increase so high.

[pakhitheboss]

At the moment Bitcoin is above 10k now. The market is bounced back and is steady as compared to what it was few hours back. I think it was short selling and looking into the present situation it is normal. This not the first time that Bitcoin has gone below 10k. I also feel there is a strong resistance at 10.4k price for Bitcoin, if it breaks that price barrier than we can expect it to reach 11k. At moment the market are trading sideways.

[minairia3]

Maybe it's the last call for all those who missed to buy when it was low.
One more plunge so everyone can buy cheap.

Obviously the whales will want to make it low so they can set up another wave and for me this is a good chance too for those who havent bought yet before the bull run has been emplaced.

We see how some coins even go down by more than 20% like ETH and EOS. This is really a very rapid decline.
If indeed this is a market correction, approximately, to what number will this happen?

Market correction is set to 9500 for btc if this was indeed a correction. I see a lot of pull back orders. You asked us to see the chart and telling us it will be the same? Only the short seller playing the games. What was that even mean. Charts only view as slice of direction whether the market go up or down and it seems we are rallying and thats a typical scenario.

[Ailurophile]

It seem's like the market is having a correction time right now.
But I think we would see a price bounce again anytime soon.

[Rodeo02]

Panicking is not good especially if you just see the price only dump for $300 and there’s no good reason to sell because of the present dump. Ok this is just temporary and later on we will go up $10k again, we don’t need to create panic nor be on panic, bitcoin moves better this year.

Compare to what price last year, yes the price of bitcoin this 2020 is much better.
Before having a panic or planing  to sell your coins, check the stats of bitcoin , the 8% low is normal in bitcoin price sometimes you can see 25% increase and decrease in just a day. Nothing is new with this event and we do not need to worry everything that happen today is normal , i cant even say its a correction since we are not yet in the bull market season.

[libert19]

I think little correction, we usually see upward moment months before halving, 8% isn't much in crypto world anyway.

[ufaiz50]

In some analyzes, the current price is a support point where if the market does not go up then the possibility of a fall in value is very high. So prepare yourself, for the bad possibilities, but if there is support and the market is at the point of trading at $ 10081 it may be higher.

[coin-investor]

There's always correction for every pump and for every dip you should expect this, that has always been the case ever since but the recent drop is very huge at this point in time where we are in the bull run, we'll just the hope can recover and reach the $12000 mark before the end of the year, I have a bet with a friend that it will reach $15000 before the halving.

[DabsPoorVersion]

I think little correction, we usually see upward moment months before halving, 8% isn't much in crypto world anyway.

Its just a short squeeze. Not actually a correction where whales might actually playing with the market's current state.

We can see that the market already recovered from 8% down by yesterday. Luckily that holders does not tag along with this short dump, if holders do panic selling, maybe this dump will be deeper that it is yesterday.

[BlackFor3st]

So far the pump has been steady and good. We've seen Bitcoin over $10K and Ethereum went up from $145 to $288, highest this year so far. Currently at $262 and falling.





The market cap just took a really nice plunge averaging 8% loss. Currently at $289B and red across the board.






Is price correction on the way or just short sellers playing their game?


PS. Sorry for extra large images

In every increase of price where bull run is coming there is always a setback of price and I can say that it is only normal as the setback is not that big.

Usually this setbacks are made by small traders especially those daily traders as they are using this opportunity to earn some profit. This is not a doing of big investors or whales, so we can assure that the market is still in good condition.

 

[Utoy101]

I'm being hopeful and wishful it's just a correction cause a lot of people got into some coins with the thought that the littlest pump is here to stay. I have a friend who is already complaining about what he'd loss on alts is hodling. I believe with the great prospects 2020 has shown so far,  we are in to see a bull this year

[sayaya17]

I think this is part of the correction when bitcoin has increased which is pretty good for now. Is not this correction has happened several times too, and in the end bitcoin is back up again. Maybe this correction is an opportunity for those who want to buy the bitcoin left behind when the price is still low.

[Balladtony77]

To be on safer side I only invested 300$ on alt so that I won't entirely missed out of the surge continues and I have the rest of my money on USDT so that if bitcoin do fall I can buy

[matchi2011]

I think this is part of the correction when bitcoin has increased which is pretty good for now. Is not this correction has happened several times too, and in the end bitcoin is back up again. Maybe this correction is an opportunity for those who want to buy the bitcoin left behind when the price is still low.

Whales are playing and they  wanted to take away your money,  it's tough to decide whether to move according to this direction or keep your assets
store from your wallet and allow this corrections to take place. It needs a lots of courage to work with this situation where you are  are seeing big
damages from your current assets.

[TopT3ns]

I think this is part of the correction when bitcoin has increased which is pretty good for now. Is not this correction has happened several times too, and in the end bitcoin is back up again. Maybe this correction is an opportunity for those who want to buy the bitcoin left behind when the price is still low.

Whales are playing and they  wanted to take away your money,  it's tough to decide whether to move according to this direction or keep your assets
store from your wallet and allow this corrections to take place. It needs a lots of courage to work with this situation where you are  are seeing big
damages from your current assets.

if the pope is proven to be interfering in the fall of the price of bitcoin then you just follow the flow because as long as I trade when prices fall or correction like this then the price will quickly recover and here the condition of bitcoin prices also get support from halving that will occur this year.

[XCANA]

Basically we all invest to get profit and when situations like this happen we should take a good step to stop the lose. In this case when the market has been on an upward trend, you should quite understand that: correction is inevitable and ensure to protect your investment before running into lose. Although, 8% to me looks still low compared to what the market has given while bullrun was initiated earlier this month. We should always stay on a safer side to stop our lose.

[Malam90]

8% or 10% dump is not a correction at all. It is the natural behavior of the market. Bitocoin is still over $10k and ETH is over $265 so i don't want to say it is correction. Yes, this is the peak point of the price in the last few months.