The Bitcoin Trap Most Traders Fall Into

I'm not diddling in the middle of the range, but if we get a reaction to either side, I'll look at building a position. You might ask, Mars, if you're bullish longterm, then why do you even bother with technical analysis? Well, for me, technical analysis just enables me to get a better entry so I can have an invalidation on that position. Otherwise, if you're longing in no man's land, you're basically accepting that if you're wrong or the narrative goes against you, the stop gap can be quite detrimental to your portfolio. like it could be 30% or 25% until I look to invalidate a position if I buy here. Whereas, if I buy it at support, then my gap might only be 10 or 15%. So, I just have better riskreward on the trade and it keeps me sane because at least I have some sort of physical level to manage risk off