#TradeWarEases will always be the most cunning navigator of virtual news this season. Trading at this level means chasing news, as technical analysis doesn't hold much weight.
This market is indeed not for the faint-hearted, especially with the involvement of Mr. Trump, his team, and the trade tensions between the US and China that he creates, surely with a purpose.
Once, when everything seemed calm, the coin prices were looking good, suddenly I read news that Mr. Trump announced he would raise tariffs on imports from China, and then Bitcoin shot up like a rocket, but his team had quietly accumulated before he hit send on the Tweet, altcoins went haywire. I don't know whether to make America great again or make Trump's wallet great again.
And it didn't stop there; Mr. Trump also likes to “tease” in a half-joking manner, saying that the US should have its own digital currency, then claiming that cryptocurrency needs to be tightly controlled because it could be used for terrorism. Every time he opens his mouth, the market feels like a roller coaster, barely having time to yawn. Sometimes I think professional traders must have a special “Trump Alert” to know when to exit early. Well, it's still an interesting thing this season. Luckily, I’m still able to earn a bit, otherwise, I would probably curse him until the end of his term.