Crypto dip today

[swiftxi]

As expected 10-15% dip happened to almost all coins.Im surprised to see XRP 15% dip, btc only 10%.
How far will it go down ?


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[rezasg]

As expected 10-15% dip happened to almost all coins.Im surprised to see XRP 15% dip, btc only 10%.
How far will it go down ?

Do not check everyday price. Think crypto as a long term investment. Check the project's road map, stability, and use case. There are a lot of coins available in the market right now. But by using the above criteria, you can narrow down your search. ETH, ADA, LTC, XRP, and this hidden gem XSN - which I'm super bullish on, are the ones that I can recommend and are definitely the best for long term investment.

[Mpamaegbu]

Many players who already had excess profits, but who did not withdraw their assets, were waiting for a legal way to withdraw money...

I'm not sure how those who made such profit could've allowed it still go red in loss. It's a simple thing to do if one can't exchange crypto for fiat and withdraw as cash once profit is made because of certain legal constraint. All one has to do is to tether the crypto and then wait for the whole drama to fizzle out. Once the storm calms down, one can safely sell and then withdraw in cash. Alternatively, tether the crypto and then sell it at a reputable P2P which may not even be on the exchange one has an account with for fear of legal restriction. One can do a P2P on WhatsApp or telegram groups one knows has credibility.

[Jackl87]

As expected 10-15% dip happened to almost all coins.Im surprised to see XRP 15% dip, btc only 10%.
How far will it go down ?

I think the dip already happened yesterday and it was also a pretty hefty dip. Bitcoin went down from 50k to almost 44k in just 30 minutes, so that was definitely more than just a normal correction. The same happened with ETH, it went down from 3.700$ to 3.100 $ within 30 minutes. I am still not sure though what has caused this massive and fast price crash. Maybe it was because BTC is now an official method of payment in El Salvador and this did not have any positive effect on the price so that many people became nervous and decided to cash out some profits? At least it seems now that the dip have stopped and BTC is now again pretty stable at around 46k.

[trauchot]

Most likely this is just a small correction, since the growth of the cryptocurrency market is still expected by the end of this year, of course, everything can be vice versa, so it is worth considering all the options that can happen with the cryptocurrency market, and of course, some cryptocurrencies showed good growth during this dump, for example, Solana, most likely big players withdrew large amounts of bitcoin and invested in Solana, since it is still difficult to understand why the price of Solana was growing so quickly.

[Kusman]

It is hard to tell really. Everything happened in a little time period that I only saw the result.    Bitcoin dropped down by 10k dollars and it affected the altcoins really badly also. For now, I see a market which is making an effort to recover and not go down more than this. It is really hard to predict the next movements for now. Maybe the recovery will take some more time compared to the last corrections. And I wonder if this is a signal for a new bull market.

[Ararbermas]

As expected 10-15% dip happened to almost all coins.Im surprised to see XRP 15% dip, btc only 10%.
How far will it go down ?

bullish season is already over so it's not surprising that most of them were searching a new support level at this moment, especially those who made good improvement in the market.. But perhaps no need to worry on this situation because mostly analyst saying that the bearish will not last like what happened before wherein just a correction only within this month.. Indeed we are already at the bermonth so probably there's a chance market will rise again after this situation.

[Tytanowy Janusz]

Many players who already had excess profits, but who did not withdraw their assets, were waiting for a legal way to withdraw money, and then a country came that legalized bitcoin, the market reacted to cash out dollars to fix real profits. This does not change the general situation, now those who bought at 40-46 will again buy all positions in a long game, and the rate will level out with respect to bitcoin, and the rest of the coins may panic.

XD ... XD and even one more XD. Pure nonsense.

As expected 10-15% dip happened to almost all coins.Im surprised to see XRP 15% dip, btc only 10%.
How far will it go down ?

It was the bloodiest day since 2021/05/19 - the end of 63-30k dump. Now we started with such crazy candle. I don't think that we will recover anytime soon. Not before retesting 43k or even 38k. If we will fail to bounce back from these levels ... we will retest 28k.  The domage was too big. This will scare every investor away. First rule - protect your money. Second - earn. Rational investor will step back now to see how things will evolve. For sure will not rush in - "yolo buy the dip". Chart is destroyed so volume from TA traders is out.
V shape bounce right now is possible but not probable but if we will see that... it will show incredible strength of bitcoin. Nothing will stop it from ATH. But I don't see it comming.

[Spack17]

For Ethereum for example, it is a drop which is more than 10%. And I'm hoping to see the drop no more than 15%. The prices of most of the coins in the market got a good acceleration recently and I never hoped a this big price correction. I was expecting a little price correction after Bitcoin reaches $55k. But it happened earlier and at a really high rate. This could be the biggest drop in such a short time in history I guess. September seemed great when I saw most of the coins increasing but it is not like that now. I wonder why Bitcoin and the rest of the market have this much bad luck in every September.

[shinratensei_]

As expected 10-15% dip happened to almost all coins.Im surprised to see XRP 15% dip, btc only 10%.

People are liquidating their altcoins to the bitcoin and major coins. People were also converting their XRP to the bitcoin to decrease the risk by hodl altcoins that can decrease even deeper than bitcoin.
15% decrease on XRP has proven it. I have been also losing good amounts from my hodling. Im still waiting for the recovery phase.

How far will it go down ?

None knows about this but when you're seeing the bitcoin chart and it may go down again even deeper than before. I personally waiting for the bounce on bitcoin that may pull the bearish trend to be changed into the bullish trend again. The big whales were dumping bitcoin and that was also making the market feels panic, the worst news was also coming from the coinbase as it can be sued by SEC if coinbase was still running the lending service.

[distr@yopmail.com]

For Ethereum for example, it is a drop which is more than 10%. And I'm hoping to see the drop no more than 15%. The prices of most of the coins in the market got a good acceleration recently and I never hoped a this big price correction. I was expecting a little price correction after Bitcoin reaches $55k. But it happened earlier and at a really high rate. This could be the biggest drop in such a short time in history I guess. September seemed great when I saw most of the coins increasing but it is not like that now. I wonder why Bitcoin and the rest of the market have this much bad luck in every September.

for now maybe only 10% but hopefully it will stop at this stage. because there is also a possibility that the dump will occur gradually. and this is precisely what is considered dangerous for some investors who are still holding their assets and have not come out to secure their money.
I just suspect the dump might happen in 2-3 stages for this season. and there will still be price stabilization but dumps will happen again.

[Jating]

As expected 10-15% dip happened to almost all coins.Im surprised to see XRP 15% dip, btc only 10%.

It's because BTC is the prime mover and everyone is still dependent on its price movement. So it dip today and the rest of the altcoins followed.

How far will it go down ?

No one can really say exactly how far this dip will go, it dip at $43k, then rebounded to $47k for a few hours and now at mid $46k. So maybe we can see it trading sideways again as it is the case in the last couple of months and then bounce back again to $50k. So let's see how it pan out, but I would say that we are still in the bullish sentiments. This is just a minor set back and a correction due to several news.

[Yaunfitda]

For Ethereum for example, it is a drop which is more than 10%. And I'm hoping to see the drop no more than 15%. The prices of most of the coins in the market got a good acceleration recently and I never hoped a this big price correction. I was expecting a little price correction after Bitcoin reaches $55k. But it happened earlier and at a really high rate. This could be the biggest drop in such a short time in history I guess. September seemed great when I saw most of the coins increasing but it is not like that now. I wonder why Bitcoin and the rest of the market have this much bad luck in every September.

for now maybe only 10% but hopefully it will stop at this stage. because there is also a possibility that the dump will occur gradually. and this is precisely what is considered dangerous for some investors who are still holding their assets and have not come out to secure their money.
I just suspect the dump might happen in 2-3 stages for this season. and there will still be price stabilization but dumps will happen again.

The bleeding has stop, ETH is trying to get to $3500 while BTC is $47k, so the initial crash was supported and now it's just a matter of time how this support will go in the next 24-48 hours.

I still believed that September is going to be a healthy month, we can't conclude it's not since we are still in the first or second week, so there's al of leg room to see the price moving again to the positive direction and go to $50k or higher before the month end. I think we are in wave 2, so this dip is just about time so that new investors can get inside the market while it is still in down trend.

[naikturun]

I predict based on history that has happened, and many say that history will continue to repeat itself, so the highest point of btc yesterday was at 52k$ before the decline occurred and if you look at the previous charts, then the decline this time will touch up to 40% from the highest point before that , so my assumption is that btc will still drop to the range of 32k$ - 35k$.

[Snappycoco]

Its not going down much from here. I heard that over leverage was the cause of this but I think someone or some group might sold at 51K$. I also heard that miners were the ones who sold off so I think it was easily eatin up by supports level and by this, it could get up from here to the moon again unless some institutions dump again.

[sammy21]

I think the dip already happened yesterday and it was also a pretty hefty dip. Bitcoin went down from 50k to almost 44k in just 30 minutes, so that was definitely more than just a normal correction. The same happened with ETH, it went down from 3.700$ to 3.100 $ within 30 minutes. I am still not sure though what has caused this massive and fast price crash. Maybe it was because BTC is now an official method of payment in El Salvador and this did not have any positive effect on the price so that many people became nervous and decided to cash out some profits? At least it seems now that the dip have stopped and BTC is now again pretty stable at around 46k.

indeed since yesterday there has been a decline and until now it is still happening and getting deeper, this also makes me wonder what the cause is, some strong coins have decreased by 10% even BNB to 15%, I hope this doesn't last long but on the other hand it can be time to buy powerful coins in the market at least 10 top ranking considering the cheaper price than some time ago.

[Mpamaegbu]

I think we are not yet done, theres more dip to happen. Bitcoin might crash to $41k, or even further.

The 1hr and 4hr TFs already are showing signs of reversal as we can see from the charts below. Even though I don't want to say it reached the oversold area, I want to believe it's a healthy place for any trader to want to long it. It's a risk worth taking at the moment.





This third chart shows when traders/investors should begin to get worried if price breaks the white horizontal line; that's at $40,921. That line was once a strong Resistance but later turned Support. I doubt Bitcoin will dip below it.



Note: I don't rely on RSI alone to take a shot because it's a lagging indicator. Check Price Action and you will see that price is already shooting up from the formation of the candlesticks in charts 1 and 2.

[$anounimus$]

As expected 10-15% dip happened to almost all coins.Im surprised to see XRP 15% dip, btc only 10%.
How far will it go down ?

The downturn in the market that has occurred over the last two days won't last too long either, as some people say this is normal and there will be a possibility for a larger percentage of pumps to occur, so I also hope it can happen in the near future and I will not complain with the current market conditions.

[reza7777]

Today's market fell more than 8%, we'll see until a week, if the market continues to decline then the opportunity to continue will continue, but I think this is a good thing for me because there is an opportunity to buy at a low price, I'm optimistic the market can recover at the end year.

Even though it doesn't recover at the end of the year I don't think it will be a problem because bitcoin in my opinion is for the long term, so if the decline continues then there are opportunities to buy and sell in the future, maybe 5-10 years

[Reid]

You don't need to be surprised with XRP. It will happen sooner or later.
Be surprised when it's Bitcoin going down because there's always a chance every altcoin will be dragged by it.
I was just a little bit shocked and perhaps some whale just played with the market using the recent news about El Salvador.
Although it should not be an exaggerated reaction because Bitcoin still fell at its bottom price 2 weeks ago. It's still okay.