CryptoURANUS Economics: Correction: Defined in CryptoCurrency

CryptoCurrencies


Sunday, August 5, 2018

Correction: Defined in CryptoCurrency

Correction: Defined in CryptoCurrency


A correction is defined as a change in price of an asset (stocks, currency, etc.) by 10% or more, lasting up to 2 months. 


Corrections usually interrupt upward trends with negative drops of 10% from the recent highest price. 


A correction is smaller than a bear market (averaging a 20% reduction) and shorter than a recession (averaging 6-18 months).

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