Having conviction often outperforms any indicator.
Even knowing you could be wrong.
I see so many accounts posting from every local bottom ($50k for example)
- Watch out for $55k. Massive sell wall there.
- Watch out for manipulation at $60k. Bearish retest over there.
- Watch out for $65k. The high of the local channel and heatmap is also showingassive liquidity there.
Eventually if you want for the absolute proof and evidence of the market turning super bullish (if we break $70k for example),
Then you basically only ape in again at the highs.
And you know what? That's EXACTLY what retail also does.
Where's your edge then? Where's your advantage?
It's tricky I get it, but sometimes you just have to have conviction in having positiond in this game.
The risk to reward in a way also drops drastically when you wait for the ultimate proof in the market.
A popular saying is:
"Time in the markets beats timing the markets"
I would say that's often true. Especially in a market like crypto that has proven to grow bigger and bigger in its entire history.
