As always mates and usually happens before any major breakouts. So far we’ve had a few BULL TRAPS AND BEAR TRAPS. It’s a normal procedure.
Please lookout for ideas that claim a horrible BTC crash to almost ZERO. I think a 2 year old would never believe such drastic FALL.
If you don’t believe me, test a little one by sharing some economics and show them simple terms and you’ll be amazed in the answer you’ll receive.
If my cat could only talk, I’m sure he’d say NEVER;0
PLEASE always do your own research. Don’t just go on believing ideas with lines without really explaining why but rather many get moved by NEWS which leads nowhere.
It’s like wanting to be a doctor but instead take a short cut by using GOOGLE search to help out his own patients.
Someone once asked me, hey, how do I know what’s to be sold nationwide to then sum up some value to market direction. That trader then started asking questions like grocery store products in regard's to revenue which claimed I knew nothing.
He could have just asked if I knew USA totals to then lead us into conversation. That trader could have saved a lot of time since we all know time is valuable.
Well my answer to him was simple besides the NYSE, DXY etc.
I told him just look up the CONSUMER PRICE INDEX and that ended it.
The consumer price index gives us a ball park figure on what to expect in the stocks.
Consumer prices for all items rose 3.4 percent from December 2022 to December 2023.
2024 it’s at +0.45% and it’s barely March. It shows better results this year.
Inflation for 2022 was 9.59% and 2023 4.06%, 2024 3.0%, and 1.8% by 2025.
This type of studies will help you be a better stock trader, not some bogus news making claims they have no certainty of.