Bitcoin bullrun and correction period

[mahilchii]

The market correction of bitcoin along with the entire cryptocurrency has begun. In a days time the market has faced a very big drop in the value. Right now everyone were with the expectation of market reaching its new ath value. Right now Whales will tend to make a big buy targeting to bump the price in a short and profit out of it.

Begun? There is really nothing shows a massive dump coming any time soon. We just experiening some pull back. We never know the future, in the distant future there will be plenty of 50% drops and 200% increases and all that, it is impossible for bitcoin to never have a 50% drop or never have a 100% increase, those will happen "one day".

However looking at the near future, it looks like nothing will be done and nothing will really make it go down. If you ask me, we are staying stronger for a while more and break over $20k and try to beat as much higher as we can breaking all the resistance points along the way and build support points instead. After that maybe some things could change but this will take at least until 2021, so there doesn't seem to be anything we need to be worried about at all.

You are right as we cannot predict whether we will see a 50% drop or 200% increase since everything is possible and we also know that even if the market collapse then still it will bounce back but we need to stay focussed and start ignoring FUD targeting Bitcoin and claiming it to be bubble as usual which thye do whenever there is a drop of even $50. Just one bad day of few good days does not define BTC or Crypto market.

[daarul50]

The market correction of bitcoin along with the entire cryptocurrency has begun. In a days time the market has faced a very big drop in the value. Right now everyone were with the expectation of market reaching its new ath value. Right now Whales will tend to make a big buy targeting to bump the price in a short and profit out of it.

Looks like we are in a phase of eliminating the doubters.
Everybody thinks that we will easily break and stay above 20000 usd but the market rejects it now.
What is the next move? This is the biggest question right now and everybody wondering , the fact that nobody can predict correctly this situation we are making speculation at this point as when the price bounce back after this correction , you wont regret  got some more bitcoin when the price tripled later.

[LUCKMCFLY]

The market correction of bitcoin along with the entire cryptocurrency has begun. In a days time the market has faced a very big drop in the value. Right now everyone were with the expectation of market reaching its new ath value. Right now Whales will tend to make a big buy targeting to bump the price in a short and profit out of it.

Looks like we are in a phase of eliminating the doubters.
Everybody thinks that we will easily break and stay above 20000 usd but the market rejects it now.
What is the next move? This is the biggest question right now and everybody wondering , the fact that nobody can predict correctly this situation we are making speculation at this point as when the price bounce back after this correction , you wont regret  got some more bitcoin when the price tripled later.

One of the things that I like a lot is being able to enter the forum and see these types of discussions, because each person sees the market in a different way, I see it differently, some things I share and others I study, it is mere speculation, but It happens as you affirm, what comes next? Could it be that they are correcting to catch the bullish momentum? Is it that investors are taking advantage of quickly buying some alts to shelter their money from a possible much higher bullish trend until they exceed $ 20k? Emotions are running high. I think the market should correct, it should be, but as everything is going, I think it will continue to rise.

[$crypto$]

One of the things that I like a lot is being able to enter the forum and see these types of discussions, because each person sees the market in a different way, I see it differently, some things I share and others I study, it is mere speculation, but It happens as you affirm, what comes next? Could it be that they are correcting to catch the bullish momentum? Is it that investors are taking advantage of quickly buying some alts to shelter their money from a possible much higher bullish trend until they exceed $ 20k? Emotions are running high. I think the market should correct, it should be, but as everything is going, I think it will continue to rise.

As they continue to discuss here, we will know what they think about taking this kind of action, is this really a correction or is it just the beginning?
Discussion is very necessary in order to continue to add to everyone's insight, of course they must have their own way, therefore we will see how profitable they are here.

Investors should now have sold from their altcoin profits, this is right and immediately the price fell that made a lot of panic but if we calmly face or buy at a time like this maybe in the future there will be a bigger profit judging from this momentum, and still haven't passed. December. So there is still time for bitcoin to rise again.

[peter0425]

One of the things that I like a lot is being able to enter the forum and see these types of discussions, because each person sees the market in a different way, I see it differently, some things I share and others I study, it is mere speculation, but It happens as you affirm, what comes next? Could it be that they are correcting to catch the bullish momentum? Is it that investors are taking advantage of quickly buying some alts to shelter their money from a possible much higher bullish trend until they exceed $ 20k? Emotions are running high. I think the market should correct, it should be, but as everything is going, I think it will continue to rise.

As they continue to discuss here, we will know what they think about taking this kind of action, is this really a correction or is it just the beginning?
Discussion is very necessary in order to continue to add to everyone's insight, of course they must have their own way, therefore we will see how profitable they are here.

It is Either of the 2,the Pump because of Bull ru,or it happens because of Bull Trap.

not until the price rise again ,i wills till hold my thoughts.

Investors should now have sold from their altcoin profits, this is right and immediately the price fell that made a lot of panic but if we calmly face or buy at a time like this maybe in the future there will be a bigger profit judging from this momentum, and still haven't passed. December. So there is still time for bitcoin to rise again.

Don't worry after selling their altcoin for sure it will be re invest in bitcoin .or maybe in another alt more as Ethereum is having 2.0 version and Ripple is having another Fork in December 12.

[Botnake]

The market correction of bitcoin along with the entire cryptocurrency has begun. In a days time the market has faced a very big drop in the value. Right now everyone were with the expectation of market reaching its new ath value. Right now Whales will tend to make a big buy targeting to bump the price in a short and profit out of it.

The market now is already in bloodbath, bitcoin is still at $17k which is still a good price but the way the market is moving looks like big investors are already selling off, after the bullish run, the bear market will slowly take over.

[lukikato]

The market correction of bitcoin along with the entire cryptocurrency has begun. In a days time the market has faced a very big drop in the value. Right now everyone were with the expectation of market reaching its new ath value. Right now Whales will tend to make a big buy targeting to bump the price in a short and profit out of it.

The market now is already in bloodbath, bitcoin is still at $17k which is still a good price but the way the market is moving looks like big investors are already selling off, after the bullish run, the bear market will slowly take over.

it is likely the market will recover again considering it is Friday (black friday) where all coins and altcoins have decreased. possibly Monday will recover

[buwaytress]

The market now is already in bloodbath, bitcoin is still at $17k which is still a good price but the way the market is moving looks like big investors are already selling off, after the bullish run, the bear market will slowly take over.

Oh yawns. When you've already seen March, and you've seen 85% pullbacks from ATH, then blood on the streets is just the rain falling down in a season of showers =p Ok, never mind the analogy but this is not a bloodbath. Just pull back those timeframes a little more and see where we still are today compared to October. The gains week after week was not healthy, nor sustainable. Profit taking had to happen at some point past $19k, and yeah, some latecomers to the game would be waiting for entry (to hell with dollar cost average for many right?).

This isn't a bloodbath. It's the buydafkingdip ship.

[daarul50]

The market correction of bitcoin along with the entire cryptocurrency has begun. In a days time the market has faced a very big drop in the value. Right now everyone were with the expectation of market reaching its new ath value. Right now Whales will tend to make a big buy targeting to bump the price in a short and profit out of it.

Looks like we are in a phase of eliminating the doubters.
Everybody thinks that we will easily break and stay above 20000 usd but the market rejects it now.
What is the next move? This is the biggest question right now and everybody wondering , the fact that nobody can predict correctly this situation we are making speculation at this point as when the price bounce back after this correction , you wont regret  got some more bitcoin when the price tripled later.

One of the things that I like a lot is being able to enter the forum and see these types of discussions, because each person sees the market in a different way, I see it differently, some things I share and others I study, it is mere speculation, but It happens as you affirm, what comes next? Could it be that they are correcting to catch the bullish momentum? Is it that investors are taking advantage of quickly buying some alts to shelter their money from a possible much higher bullish trend until they exceed $ 20k? Emotions are running high. I think the market should correct, it should be, but as everything is going, I think it will continue to rise.

That is the forum function.
It helps a lot when it comes to enrich your knowledge with various point of view.
So whenever you are ready to make any decision in this speculation section , you have a lot of option already in your pocket, whether to watch and see , go buy immediately or sell some, make sure you are not trusting something like this for 100%, take it as alternatives and you will be fine.
Considering the altcoins mostly get pumped , i am pretty sure people allocate some of their assets in altcoin , that is pretty makes sense with the bitcoin slight drop since yesterday.

[mirakal]

The market correction of bitcoin along with the entire cryptocurrency has begun. In a days time the market has faced a very big drop in the value. Right now everyone were with the expectation of market reaching its new ath value. Right now Whales will tend to make a big buy targeting to bump the price in a short and profit out of it.

The market now is already in bloodbath, bitcoin is still at $17k which is still a good price but the way the market is moving looks like big investors are already selling off, after the bullish run, the bear market will slowly take over.

it is likely the market will recover again considering it is Friday (black friday) where all coins and altcoins have decreased. possibly Monday will recover

Not thinking of the black Friday or whatsoever, it's not significant anymore, the market has changed, it move when there's a big news as people just like to speculate, yes, this is just a correction and buying at dip is a great strategy, but hey! are we seeing a dip already or we will wait more?

[STT]

The market now is already in bloodbath

Look back at the price, we lost only what we've recently gained.    Sure its sharp and the dream for bears would be it just never stops selling but its never so simple we only move in one direction or that'd be free money to just jump on board.    Its really close to not being that negative at all, I drew this chart before any sell because caution and awareness of pullbacks should be normal so thats what happened really:



Im just saying, you calling it a little early and I'd guess month end and days after is when we develop an answer as to greater direction going into year end.

[Fredomago]

Not thinking of the black Friday or whatsoever, it's not significant anymore, the market has changed, it move when there's a big news as people just like to speculate, yes, this is just a correction and buying at dip is a great strategy, but hey! are we seeing a dip already or we will wait more?

Hard question to give correct answer. There's no way we can trace whether we already into this deep or we can experienced more deeper, it will be between good analysis and traders who understand the flow. The situation will be more likely relied with speculations as investors are being move by news as what you have said.

Fud's and Fomo's still got influenced whether to what directions the trend may go, so far after that huge fall now it's moving forward again, for those who bought @ $16,526 can now enjoy selling as current value is now more than $17K.

[Argoo]

The market correction of bitcoin along with the entire cryptocurrency has begun. In a days time the market has faced a very big drop in the value. Right now everyone were with the expectation of market reaching its new ath value. Right now Whales will tend to make a big buy targeting to bump the price in a short and profit out of it.

The market now is already in bloodbath, bitcoin is still at $17k which is still a good price but the way the market is moving looks like big investors are already selling off, after the bullish run, the bear market will slowly take over.

I see that the fall in prices in the market has stopped.  For the third day in a row, Bitcoin is at over $ 17,000, and ethereum is at over $ 500.  Holders of the cryptocurrency are in no hurry to sell it, so far those who could not stand their nerves and who urgently needed money did it.  It seems that the price correction will not last long and the bullish run may continue in early December.

[lixer]

Obviously this is something we wouldn't want to see, and obviously we would rather see bitcoin constantly going up without ever dropping, however we should also focus on what it can be instead of what it is right now. What it can be is 20k+ and breaking the ATH price which is what we want out of bitcoin, plus after this happens I do not think that the price will start going down again and reach as low as 3k like how it happened in 2017 and 2018 period.

From peak of December 2017 at 20k to December 2018 we have moved from 20k to 3k and that was the real hurtful and troublesome part. I believe if we move over 20k this time around, we are not going to see 3k ever again, we may not see 3k ever again even with the current situation, and that is even more important than going higher.

[buwaytress]

I see that the fall in prices in the market has stopped.  For the third day in a row, Bitcoin is at over $ 17,000, and ethereum is at over $ 500.  Holders of the cryptocurrency are in no hurry to sell it, so far those who could not stand their nerves and who urgently needed money did it.  It seems that the price correction will not last long and the bullish run may continue in early December.

Nah, too soon to tell. It's the weekend and yes, we're almost back above $17k for 12 hours now but we haven't put behind volatility in the past 24 hours. Also, the bulls and bears do love a Sunday, so they could just be prepping up some targets for intense selling pressure below $17k. The wall already crumbled several times there, only natural they'll want to go a notch lower.

[suzanne5223]

Not thinking of the black Friday or whatsoever, it's not significant anymore, the market has changed, it move when there's a big news as people just like to speculate, yes, this is just a correction and buying at dip is a great strategy, but hey! are we seeing a dip already or we will wait more?

Hard question to give correct answer. There's no way we can trace whether we already into this deep or we can experienced more deeper, it will be between good analysis and traders who understand the flow. The situation will be more likely relied with speculations as investors are being move by news as what you have said.

Fud's and Fomo's still got influenced whether to what directions the trend may go, so far after that huge fall now it's moving forward again, for those who bought @ $16,526 can now enjoy selling as current value is now more than $17K.

It indeed a hard question to answer correctly due to the volatile in nature of the market but the vulnerable investors seems to have exit the market which is the reason why the market is somehow stable but it doesn't guarantee that the correction period is over. Having said that, the recent correction has nothing to do with investors moved by the news.

[Casdinyard]

I see that the fall in prices in the market has stopped.  For the third day in a row, Bitcoin is at over $ 17,000, and ethereum is at over $ 500.  Holders of the cryptocurrency are in no hurry to sell it, so far those who could not stand their nerves and who urgently needed money did it.  It seems that the price correction will not last long and the bullish run may continue in early December.

Nah, too soon to tell. It's the weekend and yes, we're almost back above $17k for 12 hours now but we haven't put behind volatility in the past 24 hours. Also, the bulls and bears do love a Sunday, so they could just be prepping up some targets for intense selling pressure below $17k. The wall already crumbled several times there, only natural they'll want to go a notch lower.

The problem is lack of assurance to whether this is just a bear trap or the actual price correction lready but bottomline is that, the market would only go between these two. So what matters the most at this moment is to how will investors make an action regarding the situation. Will they continue holding? or will they assure the profit as early as it is? The answer would be depending on how the investor will view the situation. But I'd also prefer a lower market price in order to invest for some few amounts of it and to wait for another price increase on the latter.

[mirakal]

Not thinking of the black Friday or whatsoever, it's not significant anymore, the market has changed, it move when there's a big news as people just like to speculate, yes, this is just a correction and buying at dip is a great strategy, but hey! are we seeing a dip already or we will wait more?

Hard question to give correct answer. There's no way we can trace whether we already into this deep or we can experienced more deeper, it will be between good analysis and traders who understand the flow. The situation will be more likely relied with speculations as investors are being move by news as what you have said.

Fud's and Fomo's still got influenced whether to what directions the trend may go, so far after that huge fall now it's moving forward again, for those who bought @ $16,526 can now enjoy selling as current value is now more than $17K.

It indeed a hard question to answer correctly due to the volatile in nature of the market but the vulnerable investors seems to have exit the market which is the reason why the market is somehow stable but it doesn't guarantee that the correction period is over. Having said that, the recent correction has nothing to do with investors moved by the news.

Just like what we are seeing now, bitcoin started an uptrend again, it's moving fast, already at $18k now, so it's really moving almost the same speed when it dump and pump, and with that, it's hard to predict the price, it could be a a real bull run or a bull trap, we never know until we verify it.

[suzanne5223]

Not thinking of the black Friday or whatsoever, it's not significant anymore, the market has changed, it move when there's a big news as people just like to speculate, yes, this is just a correction and buying at dip is a great strategy, but hey! are we seeing a dip already or we will wait more?

Hard question to give correct answer. There's no way we can trace whether we already into this deep or we can experienced more deeper, it will be between good analysis and traders who understand the flow. The situation will be more likely relied with speculations as investors are being move by news as what you have said.

Fud's and Fomo's still got influenced whether to what directions the trend may go, so far after that huge fall now it's moving forward again, for those who bought @ $16,526 can now enjoy selling as current value is now more than $17K.

It indeed a hard question to answer correctly due to the volatile in nature of the market but the vulnerable investors seems to have exit the market which is the reason why the market is somehow stable but it doesn't guarantee that the correction period is over. Having said that, the recent correction has nothing to do with investors moved by the news.

Just like what we are seeing now, bitcoin started an uptrend again, it's moving fast, already at $18k now, so it's really moving almost the same speed when it dump and pump, and with that, it's hard to predict the price, it could be a a real bull run or a bull trap, we never know until we verify it.

Even if we verify it hard to predict the markett price correctly but as I said the weak hands have exit the market and the chance for the market to make a quick come back whenever the corrections happen is positive but the market making it back to the pump stage again doesn't mean the bull run has started again and i will advise waiting till it like Tuesday before we know the trend the market real posed.

[mirakal]

i will advise waiting till it like Tuesday before we know the trend the market real posed.

What's so significant about this day mate? I'm just curious because I hear about Friday's , weekends in trading but not "Tuesday", this doesn't ring a bell.