They Thought The Worst Was Over
Most traders think fear is the most dangerous emotion in the market.It's not.Fear makes people cautious.Relief makes people comfortable.In this episode, we break down a Bitcoin chart that spent eight candles recovering after a sharp decline. Confidence slowly returned. Traders started believing the danger had passed.Then one candle erased almost the entire recovery.The lesson isn't about Bitcoin.It's about human behavior.Why do people become less disciplined when things start improving?Why do investors take bigger risks after surviving the difficult part?And why does the market often do its…
The skinny
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