The Market Needs correction

[tonymillions84]

As we saw yesterday, the market took a deep dive. over 30 billion was withdrawn from the market. bitcoin failed from 8,200k to below 7,300k. it may not look good to new investors or people that bought the market at that particular time. but most times the market needs to correction movement. it is not always up and up.

[trauchot]

It is difficult to say what happened and because of what the whole cryptocurrency market fell again, but many experts think that this happened because of the bitstamp and bitmex exchanges, I hope everything will get better soon and there will be a growth again.

[Zed0X]

"Need" does not seem to suit the crypto market. It's as if it needs to satisfy something.

It is difficult to say what happened and because of what the whole cryptocurrency market fell again, but many experts think that this happened because of the bitstamp and bitmex exchanges, I hope everything will get better soon and there will be a growth again.

I'm not updated. Can you tell us what happened to those exchanges? Another hacking incident?

[alltalk]

Maybe it's true. Because two days ago, Bitcoin and altcoins seemed to have experienced a significant increase in just one day. After that, they actually dropped dramatically yesterday. Many people regret this because they have assumed that the road to the bullrun is near. However, in my personal opinion, the market does seem to need a correction in which to stabilize the price and volume of coins in circulation.

[gurunanakji777]

Yes market correction is also mandatory if market continuously rising then we can see a sharp dip that nobody wants to see. Correction is a part of market its a market criteria. Yesterday we saw a market correction. Yes now its a good time to buy again dip as market seem quite good. Hopefully we will see good movement in alts as well.

[OptimusPrime]

Market correction is a norm something that always happens as a market retracemt. The market will definitely go back up, there is a little improvement though

[ayatoslaw]

a professional trading must be on guard when the market will experience a correction,
because correction is needed so that the chart can continue to rise, without chart correction it cannot be formed.
so understanding when the market will be corrected is important so we can take maximum profit when trading.

[aiviaa485]

Correction like what else? Does the market need correction from various media to create Good News?

I think that if we are experts in trading, there is no need for correction because our expertise and experience are the ones who are corrected for profit.

[Arybes]

of course, from events that have passed, we can analyze to decide the next step. Note by note, it is very necessary to prepare for further success.

[DAMKAR]

As we saw yesterday, the market took a deep dive. over 30 billion was withdrawn from the market. bitcoin failed from 8,200k to below 7,300k. it may not look good to new investors or people that bought the market at that particular time. but most times the market needs to correction movement. it is not always up and up.

I think No one can controll the market over.  I see the market  is good for investor  now.  We should  wait and see the market will be more stable soon.

[andrewBud]

I do not think that the global correction is close.  2/3 bitcoins for the year did not leave the owners' wallets - this is a sign that the manipulator will still overstate the course in order to get as many bitcoins as possible at its disposal ...

[I-Bit]

Indeed, in the crypto world there will be a surge in the number of volumes per day in the market. Well, this condition is what triggers market correction to stabilize volume and prices at a certain time. However, who exactly can trigger the market correction? We sometimes ask and guess whether the whales who sometimes make conditions require market correction?

[AMANPURI OFFICIAL INDONESIA]

in this correction period that sometimes makes the panic of the koin owner, afraid of the price that does not return again and cancels getting the benefit of the aseet owned

[Domithra]

As we saw yesterday, the market took a deep dive. over 30 billion was withdrawn from the market. bitcoin failed from 8,200k to below 7,300k. it may not look good to new investors or people that bought the market at that particular time. but most times the market needs to correction movement. it is not always up and up.

Market correction normally follow a bull trend when investors begin to sell their coins to make profit. The correction phase continues as long as investors sell at the peak till the market hit the resistance phase when there is an almost equal inflow and out flow of funds on the market.
For the recent dive, it is part of a normal upward movement because there is no straight movement in crypto even during bull market, there are periods of downward trends, however, the market recovers quickly and continues with the upward movement.

[abdmuiz]

in the crypto market, technical analysis sometimes doesn't function optimally, you have to be careful when doing this market trade, my advice is Hold safer for the long term ...