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.
They will always get it wrong in most cases, this is because life is unpredictable and things as this can change at any point in time, so after the so called predictions there would be an alteration of the results thereby leading to a constant change.and it's so surprisingly how this things works that an expert prediction will seem as false that's why it's not advisable to hold onto their decisions.