Nothing influences crypto like news

Writing my previous piece (https://steemit.com/crypto/@ryanpumper/how-to-spot-accumulation-in-a-coins-market-cycle) it is interesting to share how news, twitter pushing and tradingview can short-term influence irrational decision making from the novice trader and trigger a mild overreaction in our detailed study case.

As above so below.

How it goes in the small so it replicates on the greater scale.
Lets take a look at the orderbook of PascalCoin yesterday 19/6/17.

Order book on publishing of previous article

The usual suspects spread the message same day and (I am not associated) !

Order book accelerating 30 minutes after publishing

Order book short term distribution phase entry (more on distribution in the next article)

18 hours later

From no interest to shifted interest to no interest in no time :)
How is this possible?
Well, we must always remember the average unskilled trader loves to execute multiple trades on a daily basis… and each trade they execute leaves behind a certain form of residue known as ‘price action’… and it is this price action that attracts even more unskilled traders to contribute their trading volume towards a particular coin and push its price even higher.

Amateur traders are, as a rule, blind to the ‘bigger picture.’
For this very reason, I do not have the slightest problem with being very sharing and open as the fundamentals of the market won’t change!
To them, nothing outside the frame of 24hrs has any meaning, and this is why those that are skilled are practically getting away with rape in broad daylight.

The exchanges love amateur traders and hope, very dearly, that they remain amateur traders because, as you know, exchange platforms earn a fee each time you execute a buy or a sell. So do you think an exchange platform would prefer you to execute only a few trades per month, or hundreds of trades DAILY?

So amateur traders are not only making sure that skilled traders grow richer with each passing month due to their inability to let the market do the heavy lifting instead of the other way round, they are also keeping the exchanges flush with revenue.
Put simply, amateurs are the cash cows of the market.

Now, you have to understand that without that volume being CONTRIBUTED to the market – no one profits. Without volume being EXTRACTED from the market – no one profits.

A skilled trader will understand the bigger picture and increase his turf in those circumstances!!!

Nothing is like it seems in crypto!!!