But it's interesting to see how this correction happened and how the lateral movements we are seeing now are behaving:
- The initial correction was led by small hands panicking.
- The lateral movements happening now have a very interesting pattern: even though big hands are reloading probably due to the cheap prices, small hands buy and sell, probably due to the movement to altcoins giving very big short term profits.
I never underestimate big hands. The way they behave tells us how is the market health and in which way it will move.
BTC correction and actual lateral movements are being caused by small investors either panicking or moving out of BTC probably because some alts are giving huge profits.
No doubt when the small hands gain confidence again, BTC will start going up to a new all-time high.
Have a nice day and lucky trading!!