The biggest “sham” on the market in 20 years and how you can earn money for free

Key facts:
  • The tidal wave of news of China’s falling economy triggered a panic in the market.

  • Traders should not be fooled by these “red flags” as all is not lost.

Content sponsored by ProfitFarmers

The world is ending. China’s economy is on the verge of collapse. The contagion will spread to Europe. Sell ​​your wives, children and kidneys, the end is here!

But before you do that, listen, because not everything is what it seems.

We have been here before, many times. And the truth is, instead of a bloodbath, there are a few things you can do to make money in the cryptocurrency markets, right now! But only those who see through smoke and mirrors can.

Remember when Elon Musk, “The Dogefather”, went on Saturday Night Live to promote DOGE as the future of cryptocurrencies, only for its price to drop 30% immediately after?

Ok, keep that in mind as we go.

Dogecoin fell 30% during Elon Musk’s appearance on Saturday Night Live. Font: ProfitFarmers

The big “monsters” in the cryptocurrency market: the fear of China and the euphoria DXY

“Buy the blood, sell the euphoria”. Surely you have heard this expression in the world of trading. Let’s analyze it with critical thinking.

You are supposed to believe “China will collapse in X days” due to a combination of the following factors:

  • COVID-19 wrecking supply chains and productivity.
  • Collapse of the real estate market (the pyramid scheme falls apart).
  • Power outages.
  • Heat waves.
  • Terrifying communism.
Negative news about the Chinese economy causes panic in the market. Font: ProfitFarmers

This kind of “news” is all over the Internet. You can’t escape them. There are many videos and articles with shocking revelations:

  • Real estate market pyramid schemes involving ordinary people going massively into debt (paying 50 times their annual income for an apartment, even before it’s built!)
  • energy inequality. Elon’s name comes up again as Tesla is accused of hoarding electricity, while commoners and other companies are told to put up with potential blackouts.
  • Quarantines for COVID-19 involving allegedly starving civilians unable to go out and buy food.

What are the markets doing during this time? Taking refuge in the dollar to escape the effects of an impending collapse. Everyone ignores the uncontrolled printing of money and rising inflation just because the United States has lower than expected unemployment rates.

But consider the context of all this news!

US dollar index. Font: ProfitFarmers

The DXY (US dollar index) is stuck at resistance levels not seen for over 20 years, and a pullback would be a huge relief for the cryptocurrency market (and other global currencies). But everything and everywhere screamed that DXY would continue, the euro might crash and China was on the verge of doom.

Let’s summarize and do the equation:

Fear over the China situation plus euphoria over DXY = Magic Tickets for the insiders and a bloodbath for the sheep.

This is what happens next in the cryptocurrency market (and how you can make money)

Shortly after the news storm from China, there was a boom in the cryptocurrency market. Just luck? Nope.

Cryptocurrency prices rose shortly after the China news. Font: ProfitFarmers

Once you understand how the market really works, you can learn to reduce noise. ProfitFarmers saw this latest cryptocurrency market explosion in August and shared their insights with their community for free.

ProfitFarmers predicted market growth in August and shared their analysis. Font: ProfitFarmers

Join the ProfitfFarmers community and learn how to ride out market downturns.

Their goal is to impress you, so they’ll give you all of these if you join:

  • Professional market analysis.
  • Market scanners and other tools.
  • Trading signals.
  • Trading automations.

Join ProfitFarmers for free and start being on the right side of the market. Register now!

Disclaimer: The content and links provided in this article are for informational purposes only. CriptoNoticias does not offer legal, financial or investment recommendations or advice, nor does it replace the due diligence of each interested party. CriptoNoticias does not endorse any investment offer or the like promoted here. click here for more information.

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