Post
Topic
Board Trading Discussion
Re: any opinions about the recent btc price crash?
by
beerlover
on 05/05/2021, 18:11:48 UTC
what we saw was just a correction, it was an important one but that is the kind of thing we see in this market from time to time and I am not worried, and even if this eventually means that we see a crash I will see this as an opportunity to buy bitcoin one last time for a cheap price before a new bull run.
Yes, people here must need to understand how the crypto market is trading among corrections and recovery phases; today we are seeing market is getting back to recent high which must be the enough reason why we should not bother about any short-term correction because market will not continuously rising up so we must give it to time to get power through corrections (corrections are sometimes termed as power gaining phase of market).

When market is not powerful enough to break support or resistance then it will have small correction and then will recover to break that support or resistance.