Post
Topic
Board Marketplace
Re: Bad "good" news.
by
UmerIdrees
on 13/04/2019, 18:27:34 UTC
Sometimes, the direction the price is moving has nothing to do with news or whatever.
The price can move to any direction even before anyone tries to figure what’s going to happen next. Just like what has happened this week, there was a short bull as the price moved from $3,900+ to $5,000+ (currently at $5,009). And no news site had this before it started. So anything can happen in the market before and have nothing to do with the news.

There is no grantee that a good news will pump the price. Sometimes, the good news has no effect, if just depends upon the market conditions. You can check QKC for instance. QKC has a mainnet to be scheduled on 30th April, but everyday its price is getting lower and lower. While other coins on mainnet news pump too high like Theta etc.