I have been in the crypto market for a few years now and I see the crypto market works on rumors, it goes up with good news and goes down with bad news.
So the best way to win on this market is to always keep up with the earliest news.
So the best way to win on this market is to always keep up with the earliest news.
Well sometimes it does work, but I think sometimes it works the opposite way, and this is taught by Jesse Livermore in one of his books called "Memoirs of a Stockbroker" which says that Good News = Sales, Bad News = Purchases. This is what whales do, some call it market manipulation, but they are strategies.I think that the market rises enormously is when they manage to raise people's emotions and because whales or institutional investment enter.
Likewise, this is also taught by Richard Wyckoff in the book "Wyckoff Methodology in depth" where they emphasize the Law of Effort, where the whales push the market up, while they are selling little by little to the weak hands that enter thinking that they will lose the movement, or the so-called bullish traps or bearish traps.
When whales want to sell, they use the good news to build confidence from investors, then quietly sell their shares.
If whales want to buy, they just need to keep generating bad news that confuse small investors and sell their stocks at meager prices.
