Ethereum ETF Approved, Price Drops
Bitcoin ETF was approved and the price still fell…
Why does the market fall sharply after every positive news?)
There are insiders in any market, so when you buy on positive news, just know that smart guys bought long ago knowing about this news. And when everyone already found out and started buying, it means that smart guys got the opportunity to sell at tasty prices. They sell, and you buy.
Now a clear example.
On January 11th, ETFs are accepted – which means that very soon huge capital will come to the market, but it will come tomorrow... One way or another, this news is shown everywhere, and the large capital that was bought before this will finally be able to sell to ordinary people
So, we have two conclusions:
1️⃣ Buy on rumors – when you see that an ETF might be approved, or an application might be submitted, or something positive might happen in the market
There are insiders in any market, the sharp rise in prices was due to insiders buying, if you buy when the news comes out, you are like flying into a departing train.
2️⃣ Sell the news – When positive news comes out, it’s worth selling. Remember that in the market you are playing against other people, so when everyone is buying, you definitely shouldn’t do the same.
