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.
Twitter people should find a way to check on that dude to find out if he's still breathing real hard or it's now normalized 😏
It makes me wonder: how do even seasoned traders still get it wrong on intraday moves?
Let me know your thoughts.
Like Mike Tyson said in one of his interviews that he wasn't a legend that that word was wrongly applied (I'm trying to paraphrase him here as I can't remember exactly how he put it.) It's the same way I don't feel comfortable using "an expert" for anyone in this space. Reason being that this is a highly speculative industry. We, at best, can say someone is a profitable trader; not expert trader. Every trader has their "off point" moment where they also hit losses.
That Twitter dude should've added a caveat to his prediction and not be arrogant by telling people with confidence to short the market. Anything can happen in this market within hours. Manipulations can't be ruled out.