I noticed a lot of people are asking about what happened to Bitcoin and the entire market.
The answer is simple. We have been expecting a pullback eventually. Markets can’t keep going up perpetually. However, that doesn’t explain the full nose dive all of a sudden.
It’s based on Trump’s tweets. The drops corresponding directly to the time he sent out tweets about Apple and EU tariffs respectively.
The market will blame Trump for market manipulation. But don’t forget, the title of POTUS means he/she will be the most powerful person in the world. A mere tweet causing over $300 million in liquidations is just a mere indication of the immense power they hold.
That being said, there was zero TA analysis that indicated a drop of that hard and that fast so quickly. Liquidations were hit during panic sell offs and a cascade started. The market, with its expectations of a “healthy” pullback, just found the perfect excuse.
With global politics in such volatile waters, does technical analysis still factor? The short answer is yes, but all calls for pumps and dumps should be considering the world politics landscape. If you want the fastest news, don’t look for news. Look for Trump’s tweets on truth social. Or Banter bubbles, but that could be too late too.
$BTC $ETH $SOL
The answer is simple. We have been expecting a pullback eventually. Markets can’t keep going up perpetually. However, that doesn’t explain the full nose dive all of a sudden.
It’s based on Trump’s tweets. The drops corresponding directly to the time he sent out tweets about Apple and EU tariffs respectively.
The market will blame Trump for market manipulation. But don’t forget, the title of POTUS means he/she will be the most powerful person in the world. A mere tweet causing over $300 million in liquidations is just a mere indication of the immense power they hold.
That being said, there was zero TA analysis that indicated a drop of that hard and that fast so quickly. Liquidations were hit during panic sell offs and a cascade started. The market, with its expectations of a “healthy” pullback, just found the perfect excuse.
With global politics in such volatile waters, does technical analysis still factor? The short answer is yes, but all calls for pumps and dumps should be considering the world politics landscape. If you want the fastest news, don’t look for news. Look for Trump’s tweets on truth social. Or Banter bubbles, but that could be too late too.
$BTC $ETH $SOL