Market Correction

[kingvirtus09]

In my honest review of what has happened in the market this past week, I think that there has now been a short correction in the market, and then it will start again to completely break the previous ATH of the past in 2020.

That's why the winners are those who keep up and those who bought when there was a correction in the market. The winners are those who have a deep understanding of trading.

[1715070195]

1715070195

[1715070195]

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[Mahanton]

In my honest review of what has happened in the market this past week, I think that there has now been a short correction in the market, and then it will start again to completely break the previous ATH of the past in 2020.

That's why the winners are those who keep up and those who bought when there was a correction in the market. The winners are those who have a deep understanding of trading.

It wont really be called a market if it wouldnt really be having a correction or something that we can call those price drops. Market doesnt really work on having that a single path movement of price on which
neither going up or down. We should really be putting up into our minds that what comes up must goes down and this is something that a trader must realize because if you cant or you do think
always about the positive then you are really just that putting up yourself on great frustration on the time that market would really be having that correction.

This is why it would really be that just normal that to those people who are able to buy when market corrects are the ones who would really be making those profits or money, compared into
those who did buy when the market pumps and having that god green candle or simply getting FOMO are the ones who would really be caught by the dump.
You would really be able to experience those mistakes in real situation if you do have this kind of approach.

[boyptc]

If you panic, you lose.

But if you stay calm and you have it planned and don't have to be hysterical, you're in good hands. You know the diamond hands are for real on this situation of the market.

Right but most of people's carried losses only to panic sell if when see market is going down and can't control their mind but also it's true that very hard to stay calm to keep holding a coin for long time, is someone had extra money who can keep it invest in long term but not possible to everyone.

Just like now, there's a flash crash. People again showed their true nature as if the market didn't came from $50kish level for Bitcoin and now from ATH of $69k, down to $61k. Still in a panic? don't be!

While the thread was made on December 2023 where there have been some corrections too, this is still applicable today as there are some corrections happening too.

The corrections we have seen in recent days are way lower than the pumps that we are witnessing in the market. Bitcoin has already touched $69k which wasn't expected at all despite some people predicting that it will hit a new all-time high before the halving but we were not expecting that to happen this soon. We are still a month or more away from the halving event, what else can we expect from the market? $70k?
Such corrections shouldn't make anyone panic because the price of Bitcoin dropping $2k from its value is then gaining more than $5k which should make people gain more confidence.

The correction has came and that's a normal thing and expected moment to come. So that's like a correction of $7k-$8k after hitting the peak again.

[tygeade]

Hello mate yes, it’s usually Losing of trade and corrections are supposed to be made and there is no need to panic. I sold some bitcoin that day, so what happened usually happens. It is something that you really don’t need to panic or you have to do is to stay calm. Try not to make more mistake Also, don’t be greedy Trading, you should always take to the initial plan and focus on it, so mate don’t need to worry it’s all good. At least you can follow up very well this time and take a lot of any challenge so you wouldn’t be a victim of what happened that day It is always necessary sometimes.

That's the challenge as people panic and sell it off at loss without much plan, either those who don't want to risk it or cannot follow the trend needs to have SL applied beyond the risk ratio or else they need to sell it with minimal loss because what I have seen people doing is neither both as correction phase or market dump they will wait for the market to pump expecting an equal and opposite reaction and it further goes doen but they don't want to sell it as they have lost good amount of value by now, but eventually end up selling due to funds. They need to have a clear strategy in order to sustain.

I don't mind having my funds struck during the correction phase of its BTV but I won't be comfortable doing same with Altcoin

The panic during the correction stage will be so profitable for people who do not panic. I mean it's clear that we are going to end up with a much better solution eventually, but that's just not the way it goes, we should be considering the situation to be something that will take sometime.

I hope that it gets to a much better place, and we can make it work one way or another. I get that it is not going to be easy, but it is not going to be impossible neither, we should just consider holding as the solution. When those people panic and sell, we will be here trying to grab it when it is lower, and then it will go back up again and the people who didn't panic and bought it will be the ones who make the most profit out of it.

[bettercrypto]

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

Because of the correction this past day, there are many people who bought bitcoin at its expensive price. Did they buy them without knowing that there is already a retracement happening in the market? Of course, either they will be disappointed or there is nothing they can do but wait for its price to rise again in the market.

That's why it's difficult to buy when there is a liquidation to be done in the market, but the one who understands is really a winner and will get a good profit in situations like this

[armanda90]

The panic during the correction stage will be so profitable for people who do not panic. I mean it's clear that we are going to end up with a much better solution eventually, but that's just not the way it goes, we should be considering the situation to be something that will take sometime.

I hope that it gets to a much better place, and we can make it work one way or another. I get that it is not going to be easy, but it is not going to be impossible neither, we should just consider holding as the solution. When those people panic and sell, we will be here trying to grab it when it is lower, and then it will go back up again and the people who didn't panic and bought it will be the ones who make the most profit out of it.

Absolutely right, panic during correction moment give advantage or profitable for trader or holder keep calm and do not panic moment keep hold their bitcoin or altcoin assets until recovery to the higher price. Today, bitcoin dropping drastically after success raise up to $68k and dropping under $59k but without few hours success return back almost to the higher price until $66k.
Usually the beginner or new trader always get panic moment for selling their investment assets when price drastically dropping or correction moment, need much experienced in trading how to keep calm and hold cryptocurrency assets during correction time and most of them try to buy back more when market on correction.

Last night I got opportunity with my cheapest order with bitcoin, I don't know how possibility drastically correction and lucky ability for buying back bitcoin under $60k.

[milewilda]

The panic during the correction stage will be so profitable for people who do not panic. I mean it's clear that we are going to end up with a much better solution eventually, but that's just not the way it goes, we should be considering the situation to be something that will take sometime.

I hope that it gets to a much better place, and we can make it work one way or another. I get that it is not going to be easy, but it is not going to be impossible neither, we should just consider holding as the solution. When those people panic and sell, we will be here trying to grab it when it is lower, and then it will go back up again and the people who didn't panic and bought it will be the ones who make the most profit out of it.

Absolutely right, panic during correction moment give advantage or profitable for trader or holder keep calm and do not panic moment keep hold their bitcoin or altcoin assets until recovery to the higher price. Today, bitcoin dropping drastically after success raise up to $68k and dropping under $59k but without few hours success return back almost to the higher price until $66k.
Usually the beginner or new trader always get panic moment for selling their investment assets when price drastically dropping or correction moment, need much experienced in trading how to keep calm and hold cryptocurrency assets during correction time and most of them try to buy back more when market on correction.

Last night I got opportunity with my cheapest order with bitcoin, I don't know how possibility drastically correction and lucky ability for buying back bitcoin under $60k.

When we do speak about the market then this is something that cant really be predicted on which there would really be those price crashes or correction on which we cant be having a market that would really be having that kind of movement upwards like forever. Just like been said by others that what comes up must come down. You wont really be able to have that panic on the time that you do already have that awareness on how this market behaves or simply having the experience towards this in regard. We do know that this isnt something that we can be able to know and this is why we do have those tools and indicators on which we can make use at least.

Although it wont really be something an assurance or to be precise for you to make use but at least you do have the idea about those probabilities. Just make yourself that get prepared with those corrections.
Instead on making yourself panic with those drops, it would be wise and better that you should be seeing this to be an opportunity for you to buy cheap and make profits
when the market comes back up.

[Assface16678]

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

Because of the correction this past day, there are many people who bought bitcoin at its expensive price. Did they buy them without knowing that there is already a retracement happening in the market? Of course, either they will be disappointed or there is nothing they can do but wait for its price to rise again in the market.

That's why it's difficult to buy when there is a liquidation to be done in the market, but the one who understands is really a winner and will get a good profit in situations like this

That's the problem of those investors who carried away from the hype; they are buying assets or entering into a trade without thinking or considering what might happen in a few days. I get it. In the bitcoin market, maybe there is a chance of it increasing more as bull runs are not around, then it's better to buy assets than do a trade because if you enter into a trade at a price hike, then if the price drips because of a slight correction or other circumstances,. You will be in trouble and also lose your trade in money, so this should be a lesson that you shouldn't just believe and carry away in hype without even thinking or analysing. Because that is the most common mistake that every investor makes,think before you engage in any trade or investment, or else you will learn it the hard way. Now that the market is more unpredictable, we should always take precautions.