Heh. Bitcoin showed its power again yesterday. After huge gains in the last days finally a calm-down sell-off came in. The 250 $ level is too strong for an easy, unproblematic break through.
I hope those of you trading short-term strategy have booked profits at one of my weekly targets. And the last one was right at 250. If you are a long-term trader or investor and you’ve got scared by this “whatever fucking irrelevant reason” dump, I’m so sorry. Especially when you didn’t buy back at a lower price. But you deserve it if you are watching every intraday price move and overlook a big picture.
And the big picture says we are still in the bull market. Price corrections between 30 – 60% are perfectly in line with the trend.