How the Crypto Market react to news

Does the market reacts to news? Good news goes up, bad news goes down?

• A good example and funny coincidence is the CNBC Reverse indicator. Every time that CNBC says anything bad about Bitcoin, the market goes up and when it says something good, the market goes down. Its a situation that demonstrates how lagging the news are.

• Also, we have really bad journalism. Most articles are written with almost no research and have no deep knowledge or no good interpretation about the subject. Lots of times speculated over one single phrase on twitter.

• And those fake news? More of those than real ones. In a wild wild west market can you expect less? Sometimes they are so naive because they were re-written by "journalists" that believe what they read in the first place and then add a touch of some more sweet personal speculation.

• There is also real journalism and serious major events. But those news will still probably do nothing for you. The insiders already knew about it, months before and have played the market accordingly. There is information for the masses and information for the classes.

• News in general are just to create FOMO (fear of missing out) or FUD (fear, uncertainty, and doubt). Good traders in this space don't really care about them. This year 2018 was a bear market mostly full of good news and still it continues this downtrend.

With all these topics in mind our conclusion should be that the Crypto Market doesn't react to news. But it does. There is still noticeable reaction to some news. Like all the markets, they have people trading... and people act emotionally. Of course those are minor moves that are then neutralised by the market flow. They are called noise. In trading, when someone makes money, someone else is losing money.