Day-1000: Our new generation sees #Bitcoin as Digital Gold. From making remittances faster & cheaper to reducing fees on digital payments, crypto has many advantages. Govt should support with fair taxes to help India! #reducecryptotax#faircryptotax#IndiaWantsCrypto@FinMinIndia
We just had
➡️ WW3 Escalations
➡️ Tether fud
➡️ And $BTC is down barely 4%
I don't trade news (no point, in fact we were short before it even happened, scroll down), but one observation I consider is the reaction to news:
1️⃣If bad news doesn't drop a market
2️⃣If good news does pump a market
3️⃣If bad news does drop a market
4️⃣If good news doesn't pump a market.
1️⃣ and 2️⃣ are overwhelming = bullish
3️⃣ and 4️⃣ are underwhelming = bearish.
All on mid-term timeframes.
Backtest this, I'll drop an in-depth later.