So what does bitcoin "want to do" tomorrow, then? We need some predictions from you, otherwise it's all just talk.
Fwiw I'd like to predict that shares in Braemar plc want to go up to midday Wednesday, and shares in Fujitsu Ltd want to go down until the close on Friday and Taiwan Semiconductor Manufacturing Co Ltd down to the close on Tuesday. But don't follow my advice.
You need to read back in the thread. I've posted several times where I go for information.
If China has put restrictions on US electric vehicle imports, Tesla will fall, etc etc.
I've predicted before, and shown evidence. So no more silly accusations please.
If there's what's called a "catalyst", something like a bitcoin stock or oil/gas price will generally trend all day. Sometimes more than a day in one direction, but at some point profit-taking comes in, and then the price often trends the other way.
It's a positive feedback mechanism, which you need to understand.
You don't need prior knowledge, if you think an "instrument" is liable to change - you just watch it, and use the tools a "market technician" spends a lot of time learning, and getting qualified in. He then earns a lot of money using that knowledge. One generalised heading is "price action". Look it up.
There are also cycles. Look up positive feedback. There's a "Rotation" around the sectors, like Technology for a while, then Health care, etc. There are seasonal variations, which are generally reliable. The can of course go wrong. Corn just did, for the first time in many years.
If you or Odds think it's all hogwash, look up "prop shops". Those are where people make large amounts of money on a daily basis, based on the probabilities from what they see. Sometimes everyone gets surprised, and loses, or tries something, and loses. If you limit your losses to 100 each time but your wins are around 1000, you can afford a lot of losses and still come out on top. You expect around 3 wins out of 4, though. That's the way it works.
Most people who try, fail - it's something around 80%. But then 80% can't do simple maths, haven't got degrees in anything, never bothered to learn first, etc etc. The very best are in the top 1%, like in most things.
It's not very intelligent to just try to take the p out of something you don't understand.
"the market price will be the best predictor of the event, ". Yes, that's what Price Action is. Look it up.
Look at that chart from last Friday. A huge move in one direction, covering over 20%. You don't need to predict much, you go with it. You will see it started by rising. That was OK too - long enough to "go with it" until it stopped, and changed.
Here's a chart of General Electric. Every small wave is about 6%.
If you drew some parallel lines you'd have got a prediction right a heck of a lot of the time, right?
I do get fed up with uninformed denouncements, so if you want answers, please be careful what you write. I have been accused of being insulting - which of course I don't agree with, but if you are ignorant, lazy and foolish, being reminded may seem that way.
If you want to learn, and earn,, I can give you some pointers, but do read, first. A lot to use, is here.
Another - Here's a bite of Apple from Friday. I've drawn in some red "levels" The price tends to spend its time going between levels. So you watch, wait until you can see which way it's headed, and use it. Not hard, eh? (Ignore the grey cross lines). Levels often hold for days, weeks, months.
Identify if there's a trend, marked by higher highs and higher lows, or vv,, and go with it (as with GE above). Tends to work.
