I'd say we're overdue for 30% correction. But I don't condone it.
A 30% correction would not be out of order - however, I doubt that "overdue" is a very decent description of our current bitcoin status.
Also, I think that these various other alts are kind of fucking things up - meaning that it becomes a bit more difficult to discern the various money flows in and out of bitcoin and the strength (or lack thereof) of buying pressures in bitcoin.. I'm thinking at least one more leg up is in the more probable outcomes and then a 30% correction would be fair game from that point... lets get into the $5400 to $6400 range.. then possibly a 30% correction.. If we happen to shoot above $7k, then a 50% correction would be fair.
Well said. Around 7k is the cup and handle breakout target anyway.
It is not about market look at the prices level of both. Both are doing better so we should say that we should need to look there values. We should not discuss that a lot of because if we are discusing then we are confusing people which is not even good so i would like to say that leave it on the place where it is because don't pull it more.