I was in a Twitter Space today, listening to a very experienced trader. He confidently told everyone to short Bitcoin and altcoins, predicting that BTC was going to drop into the 90K range and that altcoins would dump hard.
Now, as we approach the end of the day, Bitcoin is pumping already trading above $96K. At this point, it’s likely that his stop-loss was hit, or worse, he got liquidated.
It makes me wonder: how do even seasoned traders still get it wrong on intraday moves?
Let me know your thoughts.
You know, not everyone who speaks on social media platforms should be believed immediately, we should also look at what is really happening in the market, because most of it is also misleading.
that's why we still do our research first before interpreting what others say, we should have what is called self-reflection to see if there is truth to what we hear on social media apps because most of the time in this field it is always just media hype.