AI
Tuesday, March 08, 2022 6:32:18 AM
Price Action reflects the collective thinking of millions? of individuals' thinking.....
ME I know virtually next to NOTHING regarding the fundamentals of crypto assets.
I heard a 5 second blurb yesterday on the news that Biden THIS WEEK will be introducing regulations on the stuff......
Myself I "go by" Price Action. I feel this could explain the recent Price Action we've seen.
Should his regulations prove to be heavy-handed it'll sink like a rock.
Should his regulations prove benign, it'll zoom up thru 40,000.
That's why the price IS where it currently is.
Prices could RALLY UPWARDS into the announcement (because generally investors (who're generally bullish / long), tend to move things towards their bias).
Price Action reflects the collective thinking of millions? of participants
How can a person say trendlines don't matter ?
They just boggle my mind (those ones) !
ME I know virtually next to NOTHING regarding the fundamentals of crypto assets.
I heard a 5 second blurb yesterday on the news that Biden THIS WEEK will be introducing regulations on the stuff......
Myself I "go by" Price Action. I feel this could explain the recent Price Action we've seen.
Should his regulations prove to be heavy-handed it'll sink like a rock.
Should his regulations prove benign, it'll zoom up thru 40,000.
That's why the price IS where it currently is.
Prices could RALLY UPWARDS into the announcement (because generally investors (who're generally bullish / long), tend to move things towards their bias).
Price Action reflects the collective thinking of millions? of participants
How can a person say trendlines don't matter ?
They just boggle my mind (those ones) !
