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WesternTrader
@westerntrader234
In the grand scheme, if you believe Bitcoin's price will rise significantly in the future then it's key to appreciate corrective structures that take time to unfold. Considering everything, BTC is holding up relatively well, despite the probability we may still trader lower, which in any case for those who are positioned correctly will see an area of value / opportunity for buying. What’s less ideal is large, thin, inefficient moves upward on higher time frames, as these are likely to be easily retraced at a later point - time symmetry. The bearish sentiment over the last few days has been quite extreme on the timeline and Im not sure the price action generally warrants that - but instead shifting the mindset in thinking of opportunity when others are fearful should price trade lower over the coming weeks.
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