Quote from: Fivestar4everMVP on June 22, 2025, 03:59:56 PM

We've seen of late especially since the Trump declared support for Bitcoin way back before he was voted for and installed as the US president, the movement of price of Bitcoin have been largerly centered on his statements and actions, technical and fundamentals analysis doesn't mean much anymore, most traders just wait to know what the US president says or does next to determine their next line of action regarding their trading decision, and I can't help but ask if this is the new way to trade?

Information in trading is also vital for you to win in that space. I saw somewhere someone predicting the bitcoin market now to be; when Elon Musk is releasing statement against Donald Trump, the market begins to dump and you should just short the market that time and when they are done criticising each other on X, then the market will continue to pump again. I don’t know how effective and truthful what he said is but the market is actually seems to be behaving that way and those that have mastered it that way will get to profit from the market during that period.

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By the way, do you even believe in this change that has happened or do you still believe that fundamentals and technical analysis is still the way to go in trading?.

Fundamentals analysis are just what we see happening in the market when Trump make as statement and the market reacts to it immediately. Technical analysis still works but it seems when a news is coming from Trump, it is better you trade in the direction in which the news with alternate the market to at the time, it is better for you as a trader and also a means to take advantage of the happenings around the market while he’s still making that effect.

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