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Add as a preferred source on GoogleTrader Killa Says Bitcoin Has Room to Rise Amid Leverage Risks
He said frequent shifts between bullish and bearish positions can make it harder for traders to stay with a sustained move.
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Trader Killa said Bitcoin (BTC) has room to move higher, arguing that traders who rely on leverage and chase short-term swings may miss a sustained market move.
Killa criticized market participants who repeatedly change direction as prices move. He said these short-term shifts can make it difficult to stay with a longer trend.
He described people who hold Bitcoin outright as the traders who are truly bullish on the asset.