One of the main dangers of a bear market is that many traders continue to view the market through bearish lenses even after the situation has already begun to change.
You see one attempt at growth after another end in failure, and at some point any growth begins to seem fake. You sell everything lower, wait even lower, tell everyone that the market will definitely go further down - and, without noticing it, you turn the bearish view from an ordinary trading thesis into part of your own personality.
And at this moment, being right becomes more important than understanding the cost. More important than making money.
During the first half of the last bull cycle, I warned the bears about exactly this. And this time I'm going to do the same.
I don't need to know where Bitcoin will be in three months to trade what's happening today. If sellers begin to get trapped, important levels return, and price begins to form a bullish structure, I change my mind as new evidence emerges.
Do you want to understand if you are currently wearing these same “bear glasses”?
Ask yourself just one question:
If I didn’t have a position now and never publicly voiced my forecast, would I look at the market the same way?
Let someone else defend his analysis from yesterday.
I'd rather change my mind and make money.
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Forwarded from 𝕍𝕀ℙ 𝕊𝕔𝕒𝕝𝕡𝕚𝕟𝕘 𝕊𝕖𝕤𝕤𝕚𝕠𝕟𝕤 🔐