Quote from: JohnBitCo on April 27, 2019, 08:28:13 PM

Quote from: ricardobs on April 06, 2019, 08:34:24 AM

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 whats 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.

Market not always follow the news. Sometime the TA also play a part and more times if we see sudden big spike in the price of bitcoin or a sudden dump in the price, it is due to the whales. Crypto market is too much effected by the whales that sometime the FA and TA, cannot even predict the market.

Sometimes, the market adjusts the price without following the news, and we already saw the market can get up and down without any bad or good news. The whales itself is not always involved with the price and sometimes the whales only watching the price moving at the market, but once they enter to the market, the price could go higher or lower at any time. But the cryptocurrency market is not always moving because of the news, and that is why we need to be careful to make an analysis.