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"Sharply" is anchored on where the price was just before announcement. Not where it was a week ago... Price moved on the news...
by anonu 3y ago
"Sharply" is anchored on where the price was just before announcement. Not where it was a week ago... Price moved on the news...
- boring_twenties 3y agoThe price regularly moves more than 2.5% on no news at all. This move isn't sharp, it's negligible.
- EscapeFromNY 3y agoFor anyone coming across this later, here's what happened a day after BTCUSD moved "down sharply": https://i.imgur.com/GSFU7Mu.png https://i.imgur.com/GSFU7Mu.png Just your average market fluctuation, or at worst an overreaction and immediate correction. It's best not to try to predict long term market cycles from the 1h candles.