The same people who mocked the $BTC cycles when BTC was at 126K are now the ones confidently calling a bottom, earlier than every previous cycle. Maybe the reason these cycles keep repeating is because of the sheer inability of most people to stick to a plan. Everyone tries to outsmart the market, thinking it’s too obvious for price action to play out the same way again. Ironically, that mindset is exactly why it does. As I’ve said many times, if trading were about being the smartest person in the room, far more traders would be profitable. I do not think we have bottomed in 120 days.
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.