Where the correction ?

[michellee]

where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

The party still continues and it will not over soon as bitcoin does not yet reach the highest price. The bitcoin price will start another rally to the high price and that means bitcoin will hit the next new ATH, which we can't imagine how high the price will increase. Besides that, bitcoin will get another correction and we already see that happen at the market, and I think every time the price is down, that will be the correction. But unfortunately, we do not know when the correction will happen in the market.

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[dihari]

Enjoy the party as long as you want, but remember you have to go home safely in the morning.
Bitcoin rally is followed by the positive trend of altcoins. We see the green almost everyday and it happen almost in all coins/tokens. I can assure you one thing, in every ath there will be deep correction. It's always like that.
Before it happens, you should set your stop loss or start considering to take profit by now.
No one knows when the corrections will come, but if btc down to 40k in just 2 day, I think it's the time.

Btw do your own research.

[TheUltraElite]

The bull that we are experiencing right now is not a fake one, it's a true bull and the one that we are waiting for a long time since the Bitcoin crash, you cannot fake a bull run for a long time, and besides many big institutions and big names in investing and corporation are coming in and even promoting like Elon Musk, we'll have a correction from time to time but as long as adoption is progressive the bull run stays and hopefully it will stay long.

I think you are being misled. Celebs care about their money and their company. They know that if they become bullish for a time that product will gain a lot of FOMO. Now since nobody actually controls bitcoin, it becomes their target. I somewhat like and dislike this at the same time because although this brings more attention to bitcoin, the price growth is an inorganic one.

Watch my words carefully, I dont use the term "fake" but "Inorganic". This type of growth does not feature any support/resistance levels and therefore bound to drop or rise unexpectedly. That is why drawing a conclusion based on this growth is dangerous.

Of course you can make money off the market movement. But dont expect to watch Musk be bullish when the market starts crashing. They will all go back to their hole for the rest of the year. I am saying this out of observation not being spiteful.

[Nunoluck]

It seems that the pattern of bitcoin candle stick chart will be the same as before. There will be a correction but I think we will not see it in near time since the sentiments that Tesla give to bitcoin market is too good. Of course there are also other factors that make this good market condition. As I have been here since long time ago I don't have any worries about what will happen, as long as I hold or buy bitcoin at low price and sell at higher price then everything will be okay, just be patient.

[carlisle1]

to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

Never Look for correction or the Dumping season when you invested Best to Put your own exit amount.
Meaning in each coin that you will consider buying it is the safest to make a target amount on how much you're going to sell so you will not be greedy waiting for too much.
The problem here is that you will not contented as long as you are seeing the growing value in which will end you losing once the dumping happens beyond your waiting.
STOP LOSS is always there to help you keep safer.
and you mentioned having x12 already? aren't you contented ? then you are a total greed .

[plr]

It seems that the pattern of bitcoin candle stick chart will be the same as before. There will be a correction but I think we will not see it in near time since the sentiments that Tesla give to bitcoin market is too good. Of course there are also other factors that make this good market condition. As I have been here since long time ago I don't have any worries about what will happen, as long as I hold or buy bitcoin at low price and sell at higher price then everything will be okay, just be patient.

Timing is everything now, there will be correction along the way and it's good if it happens and you have funds to buy or altcoins to trade, I believe with the positive trend in the market, there will be very few corrections and Bitcoin will keep moving up and will disappoint, investors who are waiting for the market for a correction.

[Finestream]

Don't look for the correction, it will come anytime, just enjoy with that good return of profit because in bull market, anything is possible. Just watch out bitcoin closely, as long as it's moving uptrend, you can still expect more altcoins to join the party and some altcoins continue in making its new ATH.

No one knows when the correction will start but one thing for sure, we have already achieve a lot this year and it looks like it's due for correction anytime soon.

[bits4books]

Why do you need a correction? To then come back and say "hi BT there was a correction and my x12 turned into 0.1 again the bears dropped the market" so what? Or are you crying about missed pump?
Catch the moment now or wait for the first calls and get fixed. Leave the predictions to the fortune tellers and other children with crystal balls and spiritual knowledge.

[fullhdpixel]

Never Look for correction or the Dumping season when you invested Best to Put your own exit amount.
Meaning in each coin that you will consider buying it is the safest to make a target amount on how much you're going to sell so you will not be greedy waiting for too much.
The problem here is that you will not contented as long as you are seeing the growing value in which will end you losing once the dumping happens beyond your waiting.
STOP LOSS is always there to help you keep safer.
and you mentioned having x12 already? aren't you contented ? then you are a total greed .

Well, having 12x and waiting for more is not really greed, what do you want from him make less money? Is that really the situation? I mean let's say he had 100 dollars, and it became 1200 dollars and he sells and gets out, and suddenly it becomes 2000, he would be losing that extra 800 dollar profit if he gets out, what is wrong with wanting that as well?

Greed is something that is inherently bad that affects others and impact on life, greed is when you want "too" much, and I think wanting what is yours is not too much, he is not doing anything that hurts anyone else, he is just holding and he has every right to keep holding, we should not be attacking him, we should be supporting him because the more crypto people hold the higher prices will get, but when people start to sell to take out their profits that means they will be selling and dropping the price as well hurting all of us.

[Stedsm]

You brought the correct topic here, my friend. I've had been waiting for so long to discuss this:

The facts:
- BTC at a new ATH and still has chances to break $50k
- Alts are still following the move and I believe the season will continue till Eth continues its rally and moves near $1800
- Many tokens are still looking good to invest
- So many new projects are coming daily and insane investments are needed to become even a part of it

About to happen (in near future maybe):
- An Institutional Sell-off
- Countries like Nigeria (already banned) and India banning BTC
- Tokens' values too high to invest, so there will be a lot of FUD now
- As new projects chime in and give 25-100x at the start, chances are very high that they will get down worst if BTC starts correcting hard

@OP,
You'd better be taking all your profits and searching for new projects to invest if you were me as I'd never leave my money on the table if I'd have 12x ROI on hands already as it's 1200% which, if I ever go for a fixed deposit at my bank, will probably cost me my life in terms of waiting years to reach such ROI through it.

[verita1]

Banking institutions would never give ROI that we get on bitcoin and crypto. We are fortunate to know the crypto space and now that large institutions are investing in bitcoin it is changing the course of things.

Many wonder about the correction of bitcoin but I think it will not happen. The most prominent advocates of bitcoin are leaving their jobs to focus on bitcoin alone. Others buy more bitcoin so it makes me feel more secure in this stage of bitcoin and thus altcoins are also appreciating due to the bitcoin effect and also because users can check the solutions they provide and thus gain preference in the market.

[coin-investor]

to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

All your questions are valid, there are so many questions in a highly volatile market and these questions are persisting because the market has never proved its stability, when we are in green we are on a watch on a red sign and so is the other way around, when we are in red we are waiting for the market to go green, the only way you can address those questions is to always watch the market and always be the one to get a hint on where the market is going, it takes time and effort but still worth it.

[Porfirii]

But who knows? I mean, even after watching the market you can't foresee how it will continue. I don't believe too much in TA, especially for a market that is so volatile and under such a huge number of variants.

We haven't seen the correction, I think, but this doesn't mean we'll start to go down. It seems that alt season is starting, maybe just another cycle, Apple could vouch for Bitcoin at any time... who knows but in that case the correction may have to wait.

[coolcoinz]

I don't believe the bull run is fake. If it's your first bull market you may be amazed or uncertain, but this is exactly what you see, an exponential rise, rising awareness and confidence that at some point is going to turn into FOMO. How will you recognize FOMO? By fast gains day by day. You'll wake up one day and Bitcoin will be 2k up, go to bed and wake up to see another 3k up, you'll sell, and another day it's going to be another 3k up, so you'll think it's a good time to wait it out because it has to be over soon, but the next day another 5k up, and then you'll buy back in just to be able to wake up the next day and see how much you've made. This is FOMO. We're not yet in the fomo stage.

[Princejebs]

The correction will certainly come at a point but don't expect market capitalization to dump like the previous years. Looking how money is been injected into crypto, I doubt if those wealthy investors would allow Bitcoin to go down to the point of affecting them.
I know people like

• Elon Musk
• Jay Z
• Jack Dorsey

These are highly influenced people their one tweet can change things.

[TheUltraElite]

But who knows? I mean, even after watching the market you can't foresee how it will continue. I don't believe too much in TA, especially for a market that is so volatile and under such a huge number of variants.

TA is something that you accept as a 50-50 thing. TA works good when the trend has been set and how much it really works is still a matter of debate. If you are day trading, good luck with TA because you should be doing your own and not rely on others.

We haven't seen the correction, I think, but this doesn't mean we'll start to go down. It seems that alt season is starting, maybe just another cycle, Apple could vouch for Bitcoin at any time... who knows but in that case the correction may have to wait.

Price of bitcoin is holding steady over 51k USD and has crossed 55K USD as of this moment. Cant say that it will stop right now but I can assume that its next target is 60k USD. Bearish trend did not set it so altcoins will also pump along with bitcoin.

Dont bet too much on altcoins though, we all know how they dump when bitcoin stops its run. "Correction" may have already happened when it crossed 50k USD but the bulls prevailed.

[ashmodeus]

well, seems like correction has happened a hour ago , Even BTC drop to 47,6k range and bounce fast to 51k , and ETH on 1551 , but a strange thing has happened on kraken which ETH trade < $750 .

The correction will certainly come at a point but don't expect market capitalization to dump like the previous years.  

i dont look for a big drop like 2018-2019 . i just wondered why this market pump and pump without any correction.

[Spaffin]

well, seems like correction has happened a hour ago , Even BTC drop to 47,6k range and bounce fast to 51k , and ETH on 1551 , but a strange thing has happened on kraken which ETH trade < $750 .

The correction will certainly come at a point but don't expect market capitalization to dump like the previous years.  

i dont look for a big drop like 2018-2019 . i just wondered why this market pump and pump without any correction.

I very much doubt that a market fall is possible following the example of 2018 or 2019. The fact is that the current indicators of the cryptocurrency market differ very much from that period and it must be borne in mind that large investments of large capital in cryptocurrencies will not allow Bitcoin to fall. Corrections will occur constantly, because almost the majority of cryptocurrency users will fix their profits when the next maximum is reached. In those years, there were a lot of corrections b and amounted to more than 30%, and it is quite possible that the same indicators may be this time.

[ven7net]

to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.

Indeed, those who previously bought cryptocurrencies have already earned good money and may well take profits. As for the growth that we are seeing now, I believe that this is the expected growth since we are at the end of another cycle, and as history shows, there is a lot of growth at the end of each cycle. Large companies such as Tesla buy BTC because they probably know something, maybe soon there will be a collapse of traditional markets, as well as the monetary system, and they want to reduce the risks by investing in BTC. But no matter how it was, we cannot know 100% what and how it will be, but the main thing is to have our own clear plan and act according to it.

[Twentyonepaylots]

A while ago I thought the correction was already applied since bitcoin dropped a couple thousands of dollars, but it seems tho have recovered and plateaued for a while now so I can't say much for sure at this point. That being said it's really hard to predict when the correction will commence knowing that there is very strong resistance at the moment. Soon as that is taken care of we can expect bitcoin to dump.