Quote from: smyslov on Today at 02:16:08 AM

Quote from: Jaered on March 06, 2021, 10:45:57 PM

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Correction, the price is moving up again, there is nothing to worry about, the only time that we have to worry is when the price goes down 15% or when there is a big dip and it's not recovering for the last 5 days, this is a bad indicator, but right now the market is very quick to recover a good indication that we are still in a bull run.

It looks like it's not yet due for correction, yes in the past few days there was a sign of correction but it looks like the market is healthy again. All of that can be attributed by the bullish run of bitcoin, as long as bitcoin is bullish, there's nothing to worry as altcoins do follow always.