Successful Bitcoin (CRYPTO: BTC) trading is not about being bullish or bearish, but rather about understanding the probabilities of market movements, according to a prominent crypto trader.
What Happened: Pseudonymous trader CJ outlined in a detailed social media post that he anticipates Q4 to be largely bullish, despite the current downward trend.
The trader pointed out that the market is simply navigating a dip before an expected upside break, saying, “Forget bullish/bearish. Think in terms of probabilities.”
He identified the July range as a bullish range but noted that the market was consolidating below a set of equal highs on the premium side of the range.
In July, Bitcoin prices …
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