Hi everyone, in these days where everything is happening I'm wondering a few things and I would love to receive your opinion.
How the crypto market will be affected by:
• Biden's new executive order, do you think that is going to pump the market these year?
• The election of Yoon Suk-yeol in South Korea, after his election the ICX price hit $1 and I wondering if it's just the beginning of something bigger or if this is just 'case'
• The Russian oligarchs that now their bank accounts are freezed, do you think they'll exchange their ruble with some crypto coins?
Thank you for your time.
You need to exercise extreme caution when trading the news, the few that are successful doing this still use TA heavily in their strategy and it is not difficult to understand why, even if you could tell accurately whether a news will affect the market and the direction the market will take, you have no way to know the magnitude and the duration of such movement, in order to get an idea of that you need TA, which explains why many traders that use TA do not bother with the news, as the price sooner or later will reflect the effects of those news on the markets anyway.