You may have come across news about EU crypto exchanges regarding #Tether (#USDT ) in recent days.
I have absolutely no intention of influencing your trading decisions, I just want to show you what I think, what I did when things happened in the past, and how I evaluate current news.
We came across the previous Tether FUD that we often see in almost every bull market on October 25th and they tried to shake the markets with a news report put out by WSJ as follows:
Immediately afterwards, Tether CEO denied WSJ's report that the firm is under investigation by the US government. The incident had nothing to do with reality, but it had already instilled fear in market players and especially small investors who were not deeply involved in this business. So what was intended was accomplished.
I immediately made a post directly criticizing the addressees of this work and tried to convey the developments to people.
Following this, my ETF entry observations and onchain wallet analyses showed that large accounts were making large purchases while small accounts were selling. I tried to explain to people again what the plot was in a sarcastic way.
After all this, just two weeks had passed after the incident, and $BTC broke out of its 8-month accumulation range with big bullish candles and reached its current levels without even giving the majority who were expecting a big crash a chance to buy.
Right at the beginning of this rupture, I shared a series of messages to remind people what this event was, what similar things had happened in the past, what it aimed for, and what was happening now, and I tried to wake up those who still had not opened their eyes.
I was still continuing my awakening efforts, and yes, I will admit, there were times when I went a little further than the allegory, because people were clearly being manipulated.
Some users with large accounts and access on social media, taking advantage of the lack of regulation and penalties in the crypto market, were making dirty deals with who knows who behind the scenes, and I tried to convey these to people as much as I could.
When the scenarios they believed in (or maybe they didn't believe in them and just claimed them for manipulation purposes) didn't come true, we sadly(!) witnessed the collapse of most of them and their disappearance from the market.
At that time, I shared step by step that the expected decline was not logical and the levels I expected to rise and they all reached in a pinpoint order. You can see them all step by step in my past posts.
And the summary...
As I said, there have been many similar stories in the past, each cycle starts / is triggered by its own news in some way. This was a short summary of what I do in these situations and how I look at the events. I hope it will help you understand my perspective on future events. It can also be a good advice on how to follow the classic traditional market players (financial, media, etc.) and their puppets...
