"We may never know where we're going, but we'd better have a good idea where we are." — Howard Marks
This week is a good test of that line. $BTC is chopping around $76-77K, US spot Bitcoin ETFs keep posting outflows, midterm votes are still being counted and chip stocks are jumpy. Everyone has a take on what the new Congress means for crypto. Nobody actually knows.
What you can know is where you stand: how crowded leverage is, whether money is flowing in or out, where your stop sits and how much you can lose before it hurts. Most traders skip that part because forecasting feels more exciting.
In shaky weeks a clear map beats a bold call
Where do you think we are in the cycle right now?
Not financial advice.
#Bitcoin #CryptoMarket #HowardMarks
This week is a good test of that line. $BTC is chopping around $76-77K, US spot Bitcoin ETFs keep posting outflows, midterm votes are still being counted and chip stocks are jumpy. Everyone has a take on what the new Congress means for crypto. Nobody actually knows.
What you can know is where you stand: how crowded leverage is, whether money is flowing in or out, where your stop sits and how much you can lose before it hurts. Most traders skip that part because forecasting feels more exciting.
In shaky weeks a clear map beats a bold call
Where do you think we are in the cycle right now?
Not financial advice.
#Bitcoin #CryptoMarket #HowardMarks
