Quote from: TheUltraElite on May 17, 2019, 04:01:04 AM

Quote from: richminded on May 16, 2019, 10:43:54 PM

Its a small correction and the price is still coming back to $8k level, so theres no need to panic. Dont sell if this is your emotion, sell if its your target price. I still see a bull trend and not a bull trap anymore, we can have lots of profit if we do wait and hold.

There was a big drop that happened today more than 10% price change in the the prices of all coins. I am guessing this was the the correction that was supposed to happen after this bull trend. It was evident that the market was getting inflated by manipulation means or just something that we are not aware of yet, but a drop was coming.

If the growth was organic then the bulls should push back the bears and recover.

To be fair, it's not just bitcoin who suffered a major correction today, almost all of the crypto coins are also going down more than bitcoin.

There was a lot of support/resistance going on, specially when we breach $8k. But that was it, no more money coming in the market as investors chooses to pump altcoins by that time. So it lead to the price having a pullback. But I doubt we will go below $7k levels, the price is holding up at $7.3 so there's enough time for the bulls to push the bears in the next coming days.