But I don't understand why the price is wrong so that it needs a correction!!!
Would anyone care to give a logical explanation?
I suppose the only explanation I can give is that I do a tad bit of day trading. So, I need small peaks and valleys. Sell near the top and rebuy near the bottom repeat as necessary.
Most everyone here will acknowledge that the long-term trend is up. How far is up? None of us know for sure. Corrections seem to help keep the currency trading. Doesn't mean that a correction has to go deep to allow for profit taking. And consolidation at a lower level often means a larger climb.
But this is bitcoin. What do I know?
