There are many factors that can affect the direction of a market. Community driven events, market related events, financial events, natural catastrophes, political events, protocol related modifications and upgrades, decisions by major exchanges, etc.
All these can affect the market but it is hard to tell if any one specific event will have a positive or negative effect.
Sometimes, an event we are certain to cause a bullish reaction on the market ends up being bearish. At other times, a highly regarded bearish event ends up being bullish when it comes to the asset in question and its price.
There is a very great example recently.
War is part of human nature. It has been going for as long as there is recorded history. In the wild, there is war between animals, a fight for survival. In your body, there is war between your cells and bacteria. Even in your schools and your churches there is some sort of disagreement. In your city, in your country. Even in your mind there is a war, a conflict. Unless we settle the dispute in our minds, we will never be able to settle the war on the physical plane.
Ok. A new war developed between the biggest powers in the world. This event was expected to produce a very strong negative reaction across the Cryptocurrency market; but, since the start of the war, Crypto has been going up.
That's just one example. Something that was expected to produce a negative effect turned out being positive.
The war started 28-February and that same date, Bitcoin and Ethereum started to grow, a higher low, and now we see a new uptrend forming.
Another example: The Ethereum Merge.
Highly regarded as extremely bullish, Ether rising to $10,000, a major crashed followed.
Since we cannot trust popular wisdom when it comes to the financial markets, how to prepare for any and all events?
The charts will let us know. If the chart is bullish; bullish potential, bullish signals and such, and there is an upcoming major event, it is very likely that the event will produce a positive effect.
Another good way to make accurate predictions is by looking around. When in doubt, look around.
Positive and negative correlations.
Crypto, Bitcoin and Ethereum, have been moving in the opposite direction as Gold and the SPX. Gold and the SPX are moving down and set to continue down, if the negative correlation continues, this means that Bitcoin and Ethereum will continue to move up.
Ethereum continues to trade above support. Just a small retrace, so far a higher low—no volume on the drop.
There is plenty of room for prices to fluctuate, but any type of bearish action should be considered a buy-opportunity. Ethereum is super strong above $1,750. And a drop, at this point in time, will always end in a higher low. Knowing this, we can buy and hold.
Ether is going up.
$3,000 next.
Namaste.
All these can affect the market but it is hard to tell if any one specific event will have a positive or negative effect.
Sometimes, an event we are certain to cause a bullish reaction on the market ends up being bearish. At other times, a highly regarded bearish event ends up being bullish when it comes to the asset in question and its price.
There is a very great example recently.
War is part of human nature. It has been going for as long as there is recorded history. In the wild, there is war between animals, a fight for survival. In your body, there is war between your cells and bacteria. Even in your schools and your churches there is some sort of disagreement. In your city, in your country. Even in your mind there is a war, a conflict. Unless we settle the dispute in our minds, we will never be able to settle the war on the physical plane.
Ok. A new war developed between the biggest powers in the world. This event was expected to produce a very strong negative reaction across the Cryptocurrency market; but, since the start of the war, Crypto has been going up.
That's just one example. Something that was expected to produce a negative effect turned out being positive.
The war started 28-February and that same date, Bitcoin and Ethereum started to grow, a higher low, and now we see a new uptrend forming.
Another example: The Ethereum Merge.
Highly regarded as extremely bullish, Ether rising to $10,000, a major crashed followed.
Since we cannot trust popular wisdom when it comes to the financial markets, how to prepare for any and all events?
The charts will let us know. If the chart is bullish; bullish potential, bullish signals and such, and there is an upcoming major event, it is very likely that the event will produce a positive effect.
Another good way to make accurate predictions is by looking around. When in doubt, look around.
Positive and negative correlations.
Crypto, Bitcoin and Ethereum, have been moving in the opposite direction as Gold and the SPX. Gold and the SPX are moving down and set to continue down, if the negative correlation continues, this means that Bitcoin and Ethereum will continue to move up.
Ethereum continues to trade above support. Just a small retrace, so far a higher low—no volume on the drop.
There is plenty of room for prices to fluctuate, but any type of bearish action should be considered a buy-opportunity. Ethereum is super strong above $1,750. And a drop, at this point in time, will always end in a higher low. Knowing this, we can buy and hold.
Ether is going up.
$3,000 next.
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.