Steel Man your opposition to learn something
https://ift.tt/3zjkcDo
Its especially easy in Crypto for us to get caught up in tribalism or to get stuck in our beliefs of what will happen in the market and not update our views. I did this in November 2021 with a leverage position and got stung bad.
But one powerful way to stay open minded, honest and in line with reality is to create Steel Man arguments against our position. Ie pose the strongest counterargument you can to your beliefs and then try to engage with it.
This is a great example of just that. I follow Ben from More Crypto Online, who puts out a number of Elliot Wave oriented TA videos each day on an open array of cryptos, including at least one BTC video each day. He has a current view that BTC is correcting down to 20k-29k in the short term before riding up by Q2-Q3 this year.
This video is Ben posing a Steel Man argument of if BTC was to rally in the short term and not play out the likely ABC correction which we’re currently in the throws of:
Here’s to “Steel Man”ing the arguments we disagree with!
Cryptocurrency
