Might be a good time to start getting some funds into you broker account
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It was a question really: why do you think that? When the evidence demonstrates that the mainstream media is literally hyping It this week
I don't really pay attention to the news. It is all fake designed to have us acting in a certain direction. I am looking at price action on the charts. Price action suggests the price will drop seeking buyers. Once that buying zone is reached the next supply zone is in the 70s
Yes so if the news is steering people into thinking it's a good bet...
The top of Google says "wall street bets founder says '(dwac) is next." As in to pop
The next Google hit is "don't be surprised when dwac rockets up." Been like this for at least 2 days
Well I would agree with you on this. People would buy on this news. Price will drop to the support area. Those people will think the bottom just fell out and will freak out. The people that are telling them to get in now will cover their shorts when the freak out happens. Once all the sellers have sold the price can't go down anymore because there are only buyers left. That's the way it always works
The news controls both sides of every conversation. Thinking that "if the media likes it I shouldn't" or "if the media doesn't like it I should" is a trap. The only proper course is to do research far beyond the media. Listen to what people who have done independent research have to say. Listen to all the arguments. Dig into documents. Use discernment and critical thinking.
None of this type of research will give you the Truth of what will happen, but they are the best chance you will have at arriving at it. The media is completely worthless, as in, no matter what they say, no meaningful conclusions can be derived from it. At best the media is sometimes useful as a tool to get references to good sources. Just ignore whatever narrative they give about those references.