Many Crypto Traders Are About To Get Torched and Completely Misjudge the Market, Warns Top Analyst

Top crypto analysts have warned that many traders are willing to pay large sums for misunderstandings of the current market collapse.

Pseudonym trader Altcoin Psycho To tell His 457,000 followers trying to predict the bottom of 2022 using the 2018 model are flawed suggestions.

“Many traders who nailed the last bottom are torched in an attempt to time this. [in my opinion]

The market dynamics of risk assets in 2018 and 2022 are very different.Stock correlation, QT, inflation, etc.

Time this bottom with the same tools as the last bottom probably won’t work. “

trader To tell Implosion big players are no longer bottom signals like they were last time.

“The last bottom was marked by the sweeping out of some celebrities, but stocks were still in the bull market.

When the big player is wiped out, it’s no longer a bottom signal.

We are in the macro bear market right now, the bottom is formed by good news, not bad news

This time it may actually be different. “

Altcoin Psycho Encourage Followers think of the bottom of the bear market as a matter of time, not price.

“I think the bottom is a function of” where “rather than” when “.

“When” usually means slow bottom formation

“Here” usually means v inversion

We are having a hard time thinking it is v-reverse.

We’re not trying to time the bottom based on price, we’re actually waiting to see a positive shift in the macro. “

Trader moves to a specific altcoin To tell He is still bullish on Layer 1 blockchain Cosmos (ATOM).

“I will look like a genius or an idiot in a few years, but I can’t fully emphasize how bullish I am in the cosmic ecosystem.”

Cosmos was trading at $ 7.77 at the time of writing, up 8.4% in the last 24 hours.

Check price action

Don’t miss the beat subscribe and deliver encrypted email alerts directly to your inbox

follow me twitter, Facebook When telegram

Surf the daily hoddle mix

& Nbsp

Check the latest news headlines

& Nbsp

Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors need to do due diligence before making risky investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfer and transaction is your own responsibility and any loss you may incur is your responsibility. Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets. Also, Daily Hodl is not an investment advisor. Please note that TheDailyHodl participates in affiliate marketing.

Featured images: Shutterstock / sweet kiwi / AtlasbyAtlas Studio