For the traders here, have you noticed how negative news or narratives often align with the chart?
If you pay attention, you’ll see that just before a breakdown after several days of distribution, a negative news story tends to appear in the media, and then BTC dumps hard.
I’ve observed this pattern repeatedly, and I’m curious if it’s coordinated.
I’d love to learn more about this. Your opinions are welcome.
I'm usually of the opinion that the chart is a representation of the total behaviour of speculators around the world in the market, its so clear that even the news are usually obvious on the chart due to the effect this news on the speculators and economics of the nation as at that times whenever there's a high impact news you see candle stick build ups and massive volatility to the bullish direction or the bearish direction.
Going by this, my opinion has always been to stick to technical analysis. Because in it reflects all of the activities of the market which is later represented on the chart.
If you pay attention to technical analysis and a bit fundamental analysis younare good to go because the resultant of the analysis is always found on the chart.