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RE: Is the Altcoin Market Finally Going Through a Large Correction?

in #cryptocurrency • 7 years ago

With Bitcoin in a state of flux due to the upcoming fork on August 1st I wouldn't hold my breath that the correction is over just yet. In fact such rises can often see a correction of 61.8% or more, so there is still room beneath us that things can fall to.

7 years ago in #cryptocurrency by
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     7 years ago  

    Good point... Fundamentals always eclipses Technical Analysis in the long run...

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     7 years ago  

    I think they play in tandem. The 61.8% I mentioned is a Fibonacci ratio taken from Technical Analysis :) But, YES, we have to be aware of what's going on in the market otherwise TA falls apart entirely

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     7 years ago (edited) 

    Great analysis - upvoted

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       7 years ago  

      Thanks bud :)

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