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RE: Bitcoin Futures Being Bid Lower, Understand The Risk. By Gregory Mannarino

in #money7 years ago

Lower BTC price just means a buying opportunity. I don' t see anything wrong with the price going lower. We were overdue for a healthy pull back. It could go back to 14k and the weekly would still be green with an uptrend.

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You may certainly be correct. All you need to do is watch the futures which (if you have been following them) are leading BTC price action. If the futures start being bid higher (front month) then THAT would be your real buying opportunity.

I agree with you that you gave very good advice.
i like your comment @marketreport

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