Forwarded from Market Metrics
😁1
Forwarded from Crypto Mumbles
different people will attribute different reasons as to why things happen
but it all leads to the same outcome
but it all leads to the same outcome
😁1
some call it ghost month, some call it elliot waves, while others call it macro fears, etc.
we as humans like to tell ourselves stories to fill in the gaps of what are effectively blind spots, because we hate the feeling of not being able to understand or explain things
it gives us the illusion that the world makes sense
we as humans like to tell ourselves stories to fill in the gaps of what are effectively blind spots, because we hate the feeling of not being able to understand or explain things
it gives us the illusion that the world makes sense
🔥6👍2🤝1
we seek to confirm our bias while resisting inconvenient truths
its why two people can look at the same chart and take opposing trades
its why bears can write essays on why its going down, only to get liquidated
its why bulls will hold for a 10x, only to roundtrip most of it eventually
and if the market plays out in our favour after whatever reason we crafted, we deem that as the truth (even when it isn't, but we want to fill in the gaps!)
fascinating isn't it
its why two people can look at the same chart and take opposing trades
its why bears can write essays on why its going down, only to get liquidated
its why bulls will hold for a 10x, only to roundtrip most of it eventually
and if the market plays out in our favour after whatever reason we crafted, we deem that as the truth (even when it isn't, but we want to fill in the gaps!)
fascinating isn't it
🔥9👍3🤝1