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Sentiment
Asset Market: Deep Crash and the Bad Influencers
BTC PA
Stocks and all crypto assets have experienced massive drops in the last 24 hours. The level of the drop was more than expected and was amplified by a comment from Donald Trump.
Based on some media reports, he mentioned that he didn't care about the stock market.
Whether Trump said that or not, the markets utilized the opportunity to dump massive assets; that made many who were waiting in long positions liquidated on the resistance lines.
BTC, ETH, SOL and TSLA, NVDA, AAPL etc., almost all cryptos and stocks dropped so much.
But one funny things is that so many stock and crypto traders had not sold their assets even though there had been many bearish signals and warning signs. One common reason is they all were following investment influencers.
Some of the bad influencers seem to analyze charts, and some of them just posted some of option trading records. But nobody knows if the influencers really got a profit.
And some influencer traders have other jobs like tattooists, artists, or specific stock enthusiasts, not having a job.
The influencers repeated the possibility of rebounding at every level of resistance. So the amount of loss of stock or crypto holders was amplified.
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Comments
1 commentOh, what a rollercoaster ride! It's like the market decided to throw a surprise party, and Trump just added some extra drama. 😂 Guess following influencers is like playing Russian roulette with your investments. Maybe it's time to trust our own instincts and charts, or at least find influencers who don't moonlight as tattoo artists! 📉🤣 Stay savvy, folks!