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Btclessons

BTC The Clear Plan. TRADE CORRECTLY.A large topic of confusion amongst traders at the moment is the fall in Bitcoin price. Time and time again, panic ensues when prices fall. It's a natural market reaction. Some people find it very hard to deal with. They see red candles and think 'wow I better get out of this'. You see, this really can be a problem. But it is not an unsolvable one. You have to understand that you do not always need to worry about prices falling. Instead, take value in the fact that you are getting a great price. Would you not like a great price if you went to any other market? Would you run away from a sale because prices are lower, or would you buy? The fact is, if you trade on facts and you what is REAL, you'll be a lot more profitable. There will always be 1M+ opinions about why an asset will fall or rise and any discussion that is not price based. Yes it may influence price, but the only thing we can both agree on is the price point and whether it is good to buy or sell. That is unarguable, because we can all see it live. It is not Technical analysis is somewhat not opinionated. Something is either a buy or a sell. its either cheap or it is costly. Ironically, we can both agree on market sentiment. Bitcoin has been volatile but more and more stable as time has gone on. larger influences have seen it grow in popularity. Market sentiment is showing it GREEN. There may be discussions about XYZ why it won't last. But ultimately you want to trade purely on what is REAL. We are in uptrend undoubtedly. Anybody can see that simply by looking at the chart. Price has risen and has fallen back. This means we go long on the dip. We get a cheaper price is the larger scale of time. If your strategy is accurate and your risk management is correct, you'll do just fine. Don't get lost in all the news. Trade what you see not what you feel. It might just help a little.
BITSTAMP:BTCUSD
by WillSebastian
2