Post
Topic
Board Altcoin Discussion
Re: Crypto market is plunging
by
DevilSlayer
on 01/12/2020, 04:30:03 UTC
It is normal that in a price increase we have price corrections. This happens even in traditional markets.

But don't worry, it's still too early for the strong price corrections.

We will have all of 2021 and more with bull markets...



Corrections are normal in every type of market, if a correction happens; it doesn't mean that it is already bearish. The momentum just ended and it is the characteristics of a chart to do some price drop before it continue to make another high. There is already correction happened last week where a lot of cryptocurrencies dropped more than -10% and it for me it is a sign of healthy market because the price is making pullback where it can be a right opportunity to ride and grab those opportunities.

Try to observe the current state of the market, it is very bullish because we are now approaching to beat the ATH of the bitcoin and some of altcoins out there are now starting to move and for sure it is because of the manipulators in the market.