With prices falling to the $3,000 round number mark, market sentiment is overly optimistic and many traders are expecting a significant rebound at this price level to turn the tide. While the market tends to be optimistic, I always remind myself to be cautious because only 5% of people (who trade by experience) and 15% of machines (who rely on quantitative trading) can win the remaining 80% of the chips.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.