Is it correction time? Market down by 8%

[thottum]

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.

haha very true 8% price movement is very normal in this space for a bull run corrections are very necessary and healthy and it should be good as long as the price is above the 8000 level which is the 21day moving average so it should act as a big support. corrections should be more than 15 to 20% IMO

[ethereumhunter]

Yes, it is correction time, although the market is down by 8%. The correction time will be varied and will be the same from time to time, so if in this time we see bitcoin price is down for $9,900, then that is what we see, and we hope that the price will not go down for more. We need to be careful because the price can move to any price, even the price can go down again. So if you want to buy bitcoin, make sure you already analyze and decide on what price you want to buy bitcoin.

[bison]

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.

I hope this will not be the highlight. despite the natural decline in the crypto market. but I see the current situation is an attempt to strengthen the market. as we can see, the decline is indeed happening but quickly we can see everything can be controlled and maybe now the market is preparing to start the upward movement again.

[Captain Corporate]

 Market will move up and down these days, when the volatility hits, it doesn't matter the direction, it just moves up and down constantly after a while. Sure the market went up a lot but that kinda means if it can be volatile towards upwards, it could be volatile against downwards as well, thats why I do not really bother with these kinds of small downsizings and corrections, they are bound to happen all the time when the volatility starts. Let us just hope that this volatility will continue because going down %8 is fine if we can somehow continue to go towards 20k route, like going from 7k to 10k to 9k to 12k to 11k to 13k type of movements are fine as long as we go upwards in the long term and keep profiting.

[OcTradism]

Market will move up and down these days, when the volatility hits, it doesn't matter the direction, it just moves up and down constantly after a while. Sure the market went up a lot but that kinda means if it can be volatile towards upwards, it could be volatile against downwards as well, thats why I do not really bother with these kinds of small downsizings and corrections, they are bound to happen all the time when the volatility starts. Let us just hope that this volatility will continue because going down %8 is fine if we can somehow continue to go towards 20k route, like going from 7k to 10k to 9k to 12k to 11k to 13k type of movements are fine as long as we go upwards in the long term and keep profiting.

It is the correction time but if you don't take risks (with too high leverage in margin tradings), and don't let the market takes your money out entirely (by liquidation), you will be fine.

Corrections are mandatory to help the market move upwards to much higher level. I like corrections. Sometimes my balance drops due to corrections (in the bull market) but at the ends, weeks or months later, I am fine.

[junkerr]

Market will move up and down these days, when the volatility hits, it doesn't matter the direction, it just moves up and down constantly after a while. Sure the market went up a lot but that kinda means if it can be volatile towards upwards, it could be volatile against downwards as well, thats why I do not really bother with these kinds of small downsizings and corrections, they are bound to happen all the time when the volatility starts. Let us just hope that this volatility will continue because going down %8 is fine if we can somehow continue to go towards 20k route, like going from 7k to 10k to 9k to 12k to 11k to 13k type of movements are fine as long as we go upwards in the long term and keep profiting.

You are right, the possibility of a more dynamic market moving is very likely to occur. especially before halving, I think market movements will not only move upwards. the possibility of the market moving down is very large, so be careful and don't panic easily.

[NewRanger]

Yes, it is correction time, although the market is down by 8%. The correction time will be varied and will be the same from time to time, so if in this time we see bitcoin price is down for $9,900, then that is what we see, and we hope that the price will not go down for more. We need to be careful because the price can move to any price, even the price can go down again. So if you want to buy bitcoin, make sure you already analyze and decide on what price you want to buy bitcoin.

buying on current price has high risk in my opinion, we need to wait deep correction so we will get best price. today we see 8% correction and chart show bearish signal,maybe it will down again before halving time coming. we know in financial market we often heard about "sell the rumor and buy on fact" .maybe it happen now to cryptocurrency market in next several weeks after few weeks we see bullish movement.

[lienfaye]

Its not surprising actually because thats the nature of crypto, if there's a price increase expect a minor correction due to some investors taking advantage the situation.

I'd like to think this is a minor recovery, in the coming days the market will recover again, for sure other investors will buy back to accumulate especially that halving is few months away.

Thus dont worry too much and just go with the flow because this is temporary, remember the market is high volatile.

[dimonstration]

Yes, it is correction time, although the market is down by 8%. The correction time will be varied and will be the same from time to time, so if in this time we see bitcoin price is down for $9,900, then that is what we see, and we hope that the price will not go down for more. We need to be careful because the price can move to any price, even the price can go down again. So if you want to buy bitcoin, make sure you already analyze and decide on what price you want to buy bitcoin.

We should know by now that BTC is able to increase in prize and that  we should take advantage of the prize we can get it in discounted price especially now that halving is coming and that there will be a chance for us to earn. It may also due to crisis that are happening globally but know that this prices will definitely will go up again. We just need to learn how to monitor and take advantage on it.

[meanwords]

I was wondering the same. As of now, we are still standing at $9,920. An analyst named dave the wave made a pretty accurate prediction back then and are saying that this is just a short term call we should look at the mid-long term. I don't know if this is correction time so I'm at standing by, setting my stop loss at around $9,500. Though I hope that it really is because I'm still short (lol) Or maybe this is just a small another pull back before you go beyond $10,000? I doubt it will be severe though. Just watch the market close for now because anytime it might change drastically in a matter of minutes.

[Goodvalony]

Bicoin moved from 8,000 form December to over 10,200 before feb. i think the bull market was not that huge. expecting such correction is too early. the pump wasn't much huge and i don't think this correction is right. the sell off was to avoid been rekt. currently XRP went down in bitmex and affected lot of people recently. the current drop is as a result of not getting Rekt Not market correction.

[pokok_work]

Our IMO is in the bull run market and the price decline is not that much of a problem, many assume this correction is a dump due to short-term investment. some say this is the whale's strategy to take maximum advantage, halving is a few moments away, the price jumps for sure, but maybe the impact on altcoin will be no movement later. to keep prices falling further, I have placed at a certain point for stop loss.

[kapalmabur]

Yes hopefully this is just a correction before the path to $13000 will be achieved, but we have to survive in the current level, if not then we will see the $8000, hopefully all undisputed

[strunberg]

Yes hopefully this is just a correction before the path to $13000 will be achieved, but we have to survive in the current level, if not then we will see the $8000, hopefully all undisputed

all people sure it just correction after several day rise strongly without any down. and now traders taking profits from their position and waiting best price to buy bitcoin and cryptocurrency again to get maximum profits in next several months. buying and selling strategy more worthed than just holding. it could accumulate our profits from several transaction.

[Denongels]

I think this correction is just maybe, this is still the beginning because the next correction might be quite deep compared to this and next maybe the bull season will come back, buy some at a time like it might be the right moment.

[gweedo]

Yes, this is a slight correction for the entire market. We have experienced a strong rally so it is time for this market to adjust and get ready for the next rally. In the long term, the market has uptrend and we just need to patiently hold and wait for profit

[bitgolden]

So far in 2019 and 2020, many people have observed that during Sunday and Monday crypto markets are coming down for giving opportunity for buying dips and this is what exactly happening for this week also. These are the things could be just the coincidence but it has been regularly happening since 2019 and still continuing even in 2020. I guess this cannot be correction but just a pull back and market may test again $10,500 and $10,900 at any time during this week.

We do not need to worry about this short-term correction because market is still staying stronger  above the support level of $9500. Only on breaking this level we need to change our view on this current rally. Breaking $9500 levels could lead to testing $8800 levels again.

[kindbtc]

This dip was expected as market seemed to have become uni directional for btc and eth for last few weeks that was up but i think corrections and stabilization in a range is important for solid growth because we have solid supports formed on the way up in this way. For people who seem discouraged with this dip i would like to say that its good as overall trend has been bullish now so take a chill pill.

[Ethereums]

So far in 2019 and 2020, many people have observed that during Sunday and Monday crypto markets are coming down for giving opportunity for buying dips and this is what exactly happening for this week also. These are the things could be just the coincidence but it has been regularly happening since 2019 and still continuing even in 2020. I guess this cannot be correction but just a pull back and market may test again $10,500 and $10,900 at any time during this week.

We do not need to worry about this short-term correction because market is still staying stronger  above the support level of $9500. Only on breaking this level we need to change our view on this current rally. Breaking $9500 levels could lead to testing $8800 levels again.

I agree with u bro, normally people take a dip at weekend only and it happens at 2018 - 2019 . Now at 2020 seems it happen again. I believe my stop loss will be $9200 for this time.

[kambaralikhan]

It could also be the bull trap but we can't say anything so surely. Anyhow I believe this year will be the year of recovery and market will come back on it's feet. Maybe 2021 will be the year of massive breakthrough maybe the bull run like 2017 will return,. So we just need to see this whole year as a market trend since the start of 2020 is bullish type but let's see where it settles by the end of 2020.