A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Black swan events are characterized by their extreme rarity and severe impact.
Black Swan events could be war situations, the Covid pandemic, or other natural, political or economic disasters. Once these happen, regular TA can be thrown out of the window and traders face the choice to BTFD or GTFO, else might they become bagholders.
Crypto traders, therefore, try to predict Black Swan events, which of course makes it a contradictio in terminis.
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