Reflexivity and Bull Market Pullbacks
Markets can go much higher or much lower than most people are prepared for. Understanding this can improve your trading immensely.
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TLDR
- Traders lose money in crypto because they do not respect its brutal reflexivity
- Along with prices going much farther than expectations, we get brutal pullbacks during trends that catch most offside
- Studying historic price action helps prepare us to make better decisions in the future
