Changpeng Zhao (CZ), CEO of Binance, the world’s highest-volume cryptocurrency exchange, has hinted that alarming articles in the media about the future of the cryptocurrency market indicate that the downtrend is coming to an end, implying that this is a bullish signal.
Binance CEO December 7 on his official social media account in a post he madethe famous business newspaper The Economist How Goes Crypto to Zero He encouraged people to consider what such headlines indicate, by including a screenshot of his article titled
Such articles are _ _ _ _ _ _ signals.
many times before “Bitcoin Is Dead” CZ, who took the headlines and expressed his opinions, said that such headlines represent the bottom level because bitcoinHistorically, as these news began to proliferate, He thinks he’s doing well. Therefore, the last post made by the CEO is also Bitcoin reaching bottom and it’s a bull signal interpreted to be.
On the other hand, over-reacted buying or selling movements, such as Binance CEO, have a long-term effect. to trend change There are many crypto money actors who think that it points to Also known as the father of technical analysis by Charles Dow In his theories, it seems that CZ’s ideas are confirmed by the fact that the markets are constantly spreading news of rise or collapse as one of the clearest signals of a trend change.