MACRO STRENGTH: BITCOIN’S PRICE MOVES HIGHER DESPITE PLETHORA OF BAD NEWS

Recently, I was having a conversation with a trader who was discussing the recent price moves in the market with me and asked me this: “Is it possible to trade the price without any news?” They were really interested in this question and I have to admit that I was taken aback as well.

The short answer to this question is yes. Even more so, because the market seems to have made a decision which has been communicated loud and clear by the news media. In other words, the news media have sent a message to investors and traders that the markets are in trouble. They’ve also implied that the news that’s coming out is not going to be good for the markets going forward.

If you had the chance to read one of the papers that are normally sold at the newsstands during the news season then you know that the news coverage is often negative. In some cases, the headlines in the papers are extremely negative and have a lot of negative implications for the markets going forward. Of course, this does not always happen. Sometimes the news can actually be very positive.

I think there is a good chance that the bad news that is coming out about the markets has caused the price to move higher in anticipation of future good news that is going to come out. This means that people are willing to pay more now for the same BitCoins that they may be willing to pay lower for just a few months ago if the news is good.

This is a classic example of people being irrational when it comes to the news. They are looking at the price movements and saying “but it’s higher because of bad news.” It is true that there could be some bad news that comes out that will impact the market but I don’t see a market that is going to crash because of one negative story. And while you can certainly be wrong about your predictions you shouldn’t be overly worried because the news will usually be pretty good anyway.

So if you ask me what I’d say to someone who wants to know if there is a way to trade the news? I’d simply say that you’re probably better off learning how to read the news on a different time frame than trying to predict it. Because, at least if you do, then you’ll be prepared to deal with any negative news that comes out.

Savannah Sanchez

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