Believe Musk or believe the laws of the market?

29 ม.ค. 2021

Yesterday, Bitcoin entered a technical rally cycle with a 4-hour bottom divergence. The rally is stuck on a trend line today. When the afternoon is about to break, the market suddenly came good. Musk changed his Twitter profile to Bitcoin. This set off a chain reaction in the market. The price of bitcoin skyrocketed. But I do warn you. Everything has its own law.

The operation of the market cannot be changed by the will of the individual. The MSB incident of the past few days has been very revealing.

Market trading, itself is affected by a variety of news and the left and right. But news doesn't change trends, it only strengthens them. Good news in a downward trend, for example, can only delay the decline. Bad news accelerates.

So we see a lot of news affecting Bitcoin in history, far from it, Tether event in October 2018, China high-level blockchain conference event in October 2019. I remember it all. I've written about it.

Musk is not a god, and he won't change the trend. Everyone trading, to respect the market, do not rely on luck.