Why coins not going up ?
If good news coming then price should follow instantly.
When there is good news i go Long position been waiting all day long and nothing.
where are you seeing good news, when I enter the news site I see this:
Bahamian securities regulator ordered the transfer of FTX’s digital assets (
Bad news )
FTX names Kroll as claims agent, to update users on bankruptcy developments
(
shows that the hole is so deep that there is no more concert )
US Sen. Warren and Durbin demand answers from Bankman-Fried and his successor at FTX (
bad news, these guys are not pro cryptos and can take advantage of this to propose tough laws )
$600M in Bitcoin options expire on Friday, giving bears reason to pin BTC under $16Kas you can see, there is only bad news, the market can still drop a lot, do not create high expectations about a possible big price increase, at this moment it is more advisable to just watch the market until everything stabilizes, with that you avoid unnecessary losses
Also the traders who post their ideas non of the signals don't move whats going on ?
they're just watching the market, that's the best thing they can do right now, they can't say: "tomorrow the price will go up...." when they're reading bad news all the time, they know they can't do that. Waiting and watching is also a good move in times like these. while there is a lot of bad news there will be panic selling, even if you see some sign of a small rise in price it will soon fall when bad news comes
It's imposdible to make any money in this Market
you are looking at the short term, in the long term you will make a lot of profit, as I said before, be patient, there are days when the price goes up a lot, but in the same way that it goes up a lot it can also go down a lot
Somebody need to put money in it's fruturating like this.
and why would someone put a lot of money in now if that person can wait for the price to drop a lot and put money in?