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.
Bitcoin dump has become a norms when it comes to news affecting it. Just like how stock market are affected by negative news, that is how Bitcoin has also been affected and there is need to actually know how this trend works, in order to take advantage of the market whenever it presents itself.
Negative news does not mean the market will continue in that direction, it is just an opportunity for investors to buy more and also an opportunity for traders to take trade in the direction the market is trading that time. If you’ve been very observant of the pattern repeatedly, then it’s time for you to take action and if you’re not able to take action, it is better you hold on to the bitcoin you already held because bitcoin will always find its way back to the top after every negative decline in the market.