Hello trading view friends.
Today i'm going post a technical reflection on how posts on social networks like Twitter are negatively and dangerously influencing cryptocurrencies.
Today, Elon Musk and Michael Saylor bilionaries posted conversations about Bitcoin mining and sustainable energy on their social networks.
The price instantly rose more than 5% for bitcoin and took the entire market up in a matter of minutes.
Immediately the price of Bitcoin went against most short-term technical analysis and broke resistances even with indicators pointing to overbought after a very strong recovery movement after the weekend.
My good sense tells me to look very carefully, because the way things are going, technical analysis is no longer needed.
Just follow some personalities on social networks who are manipulating prices and thus obtain your profit.
Today i'm going post a technical reflection on how posts on social networks like Twitter are negatively and dangerously influencing cryptocurrencies.
Today, Elon Musk and Michael Saylor bilionaries posted conversations about Bitcoin mining and sustainable energy on their social networks.
The price instantly rose more than 5% for bitcoin and took the entire market up in a matter of minutes.
Immediately the price of Bitcoin went against most short-term technical analysis and broke resistances even with indicators pointing to overbought after a very strong recovery movement after the weekend.
My good sense tells me to look very carefully, because the way things are going, technical analysis is no longer needed.
Just follow some personalities on social networks who are manipulating prices and thus obtain your profit.