The crypto market collapsed and immediately some people attributed the cause to Trump officially imposing a 25% tax on Canada and Mexico and 10% on China. They believe this is the starting shot for a fierce trade war, dragging down the US GDP by 0.3% and causing other economies to suffer severely.
But let's look at the truth: the habit of blaming 'finding news based on prices'—people just dress up an event to rationalize what they see. An entire market manipulated by 'some interest group'... but those calculated pump and dump schemes are cloaked in a layer of 'reaction to news'.
Ask yourself: If the tax policy is truly the cause, why didn't the price drop immediately when this information was announced? Why is there always a 'reasonable' explanation given whenever the market fluctuates? This is how the media and market manipulators control the crowd's psychology.
Crypto does not crash because of a piece of news. It crashes because some wealthy individuals want it to crash!
And that is the reason why my SPIRITUAL CRYPTO 'does not analyze technicals - does not listen to news'.
Illustration:
White: Why is the market crashing so hard, Green?
Green: Because of TRUMP