Crypto market correction - 60 billion USD drop in the matter of hours!
Hello guys,
Last night I made a post anticipating a correction that would be healthy for the whole crypto market - BTC at 11 418 USD! Are we ready for a correction?. The market started to correct only about an hour after I published my post with approximately 60 billion USD drop until this moment. One does not have to have a crystal ball or be overly too smart to tell that the market rose way to fast and way too high in a short period of time and that the drop was inevitable. I am more of an investor rather than a trader and did not act accordingly to take an advantage of this move. However, I hope that some of you did and made some money and are already positioning yourself back in as it will not take too long for an upward move and reaching new ATH for the majority of the coins. For the newbies out there that bought BTC or other alts at its ATH of the past few days do not despair and hold on to your coins. Whatever you do make sure you do not sell now with a loss. Those of you that have money on the side, it's time to buy as this is a perfect opportunity. Please do not consider this as an investment advice, just some of my thoughts. Have a great day everyone.
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Tomas
CEO & Founder of CGH
Now that was a correction and we most likely wont see big moves again till December 11th a few days before or a few days after once the markets open up.
great analysis @czechglobalhosts
60 billion, crazy.
Excellent call with your previous post. I think we all knew there would be a market correction, which because of the unprecedented rise would look pretty spectacular. This isn't my first time at a rodeo though so I'll be hanging on for the ride lol
awesome work
i wonder how far alts will fall
@czechglobalhosts,
Dash seems to be the strongest among them! Great analysis you shared friend!
Cheers~
good information ..and your research analysis is very helpful for the investers..thanks..keep posting
Stock Exchange Games
good work @czechglobalhosts
thank you for sharing
resteem