Bitcoin jumped. Analysts explained why. This is how financial news works.
The biggest three-day gain since 2023 happened last week. You did not buy it. You were waiting for confirmation. The confirmation arrived in the form of analysts telling you the thing that already occurred might continue occurring. Brilliant use of your subscription fees.
The analysts say bitcoin has room to run. They said this after it ran. Before it ran, they were discussing resistance levels and bearish divergences and how retail should wait for a better entry. Now that you missed the entry, they are bullish. They will be bearish again exactly one day after the top.
This is not prophecy. This is a business model.
The article suggests this rebound could prove more than just a short-lived relief rally. It could prove to be a medium-lived relief rally. Or a long-lived actual rally. Or it could prove to be exactly what it looks like right now, which is a three-day move that analysts are reverse-engineering into a narrative because they need to publish something between now and lunch.
Technical analysis does not care about analyst opinions. The chart moved. It will move again. The analysts will explain that move after it happens. You will read the explanation. You will feel informed. You will enter the trade late. You will exit early or hold too long. The analyst will never mention that trade again.
Nobody who bought the bottom needed an analyst to tell them bitcoin has room to run. They bought it because it was cheap and oversold. They will sell it when it is expensive and overbought. The analysts will write both articles. You will read both. You will do the opposite of what worked both times.
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