Reading the collective headlines across mainstream media can also provide insight into what the market may do next.
CNBC notoriously published an article walking readers through “How to Buy Ripple” just before the asset began its fall from over $3 to ten cents per token.
Mainstream media typically covers cryptocurrency markets during any extremes, so any particularly bullish or bearish headlines often take place at the end of a rally or drawdown. This means if you are reading headlines leaning heavily towards one sentiment extreme or the other, then it is possible a reversal is near.
Breaking news, however, can often push prices unexpectedly in one direction or another. If the news is positive or negative, price action should follow along with the sentiment in this case, not against.
