The Effect of Good and Bad News on the Market 👉🚦🚦 💰👀
• In a bull market, it is observed that good news is often ignored and bad news creates great fear. This dynamic is critical to understanding the current psychology of the market.
📌Examples:
• Good News: Trump mentioned that ETFs $BTC and $ETH will soon be available as institutional assets.
• Bad News: Mt. News such as Gox's Bitcoin dump and similar moves by the German government are given at market bottoms.
📌Measuring Trend Changes
• Market transitions are usually gradual and peaks are often confirmed later.
• In bull markets, high liquidations come quickly and recovery occurs very quickly.