Here is why you shouldn't trade bitcoin based on the CNBC Bitcoin News

[BitHodler]

I could have made some decent money if I traded against some of CNBC's bullish statements, and then I'm mainly referring to the statements of Brian Kelly. If he's invited to have a say, the market mostly seems to do the opposite.

The other clowns over at CNBC are rarely saying anything that makes sense. In this case it would be more of a 50/50 bet would you trade against their statements. Not really worth it in my opinion.

Overall, you have to read between the lines and pick up the important bits and pieces, which admittedly is a challenge considering the noise, but as I said, Brian Kelly is usually a very decent counter indicator. Look out for him.

[Juggy777]

Here is why you shouldn't trade bitcoin based on the CNBC news and predictions. This can prevent many short term loses so i decided to share this with you.

For example, (12 Aug) CNBC and other crypto sites published news how Goldman Sachs is recommending to buy bitcoin. Soon after that bitcoin started to fall and in the next days bitcoin dropped 17%.

90% of the CNBC Bitcoin News Predictions are the perfect contra-indicator. In other words, if you made a bet against their bitcoin predictions, you had at least 80% to 90% chance to be successful. At least from dec 2017 to aug 2018. (links bellow)

CNBC Bitcoin News from Dec 2017 to Aug 2019 gave you exactly the opposite direction of what they're predicting or signaling for bitcoin.  This is the reason why you should't trade based on their news. If you follow CNBC Bitcoin News and their predictions you would probably be a millionaire if you would trade the opposite way of what they predict or tell you.
I covered most of their bitcoin news from 2019, 2018 and the end of 2017.
 
I spent quite some time to check all of their btc news, videos, tweets, websites and i prepared a list of the news which were one of the best contradicting indicators you could find.

Let's start with 2019

January 2019

(8 Jan 2019) CNBC published news how their bitcoin expert is betting on a bigger rally ahead for bitcoin. On that day bitcoin reached it's local peak at 4110 usd.  After that it started to drop. In 2 days bitcoin droped 14.8% to 3500 usd. So 2 days later (10 Jan) they published news where they stated that they're betting for more pain for bitcoin.
The next day (11 Jan) it went the opposite direction and bitcoin went 6% to the upside.

February 2019

(19 Feb and 21 Feb) CNBC made 2 articles how bitcoin boom won't last and bitcoin could have a breakdown. After 2 days bitcoin went the opposite direction and gained 8.22%. (4187 usd)

March 2019

Surprisingly March 2019 was one of the months where they actually made a few good calls.
But this month is an exception (from Dec 2017 to Aug 2019) in March there was no major contradicting signals.

April 2019

(2 Apr) CNBC published news about bitcoin rise has something to do with the aprils fools day joke, so bitcoin rise wasn't taken too serious.
The next day bitcoin goes 14% more to the upside. (23 Apr) they mentioned bitcoing going to infinity and beyond. On that day bitcoin made the peak at 5630 usd.
After CNBC news it went the opposite direction again. The next day bitcoin dropped 4.3%. After this fall they published new article how bitcoin rally could run further.
The day after this news it drops 11% more to 4995 usd.
So when it fell down to 4995 usd (26 Apr) they published article how bitcoin is falling fast, down 400 hundred usd in just a few minutes.
That day (26 Apr) bitcoin made a local bottom 4995 usd. After CNBC news , from that day it went only up and up. (the opposite direction)
The next day bitcoin went 4.7% up. After 7 days it went 14% up and in 2 weeks it went 52% up.

May 2019

(9 May) CNBC released 2 news how bitcoin is back to 6.000 usd but it won't hold here and could have a pullback.
The next day it went the opposite way, 7.7% to the upside. In 3 days 27% up and in 1 week bitcoin went 40% to the upside.
(14 May) they released news about bitcoin fomo that could bring crypto back to all time highs.
The next day (15 May) bitcoin droped 8.6% and in 3 days (17 May) droped 25.7% to 6183 usd.
On the 18 May, when bitcoin already made a local bottom, CNCB released news about experts who say bitcoin could go more to the downside.
It went the opposite direction - the next day it went 15.3% up to 8300 usd.
(21 May) CNBC released news, bitcoin to fall back to 7000 usd. That didn't happened.
It went the opposite direction reaching almost 14.000 usd, so twice as much they predicted.
(28 May) CNBC News: Bitcoin Still has some legs.
The next day it was quite opposite- bitcoin dropped 4.28%. After 1 week it dropped 15.4%  to 7440 usd.

June 2019

(10 Jun) When bitcoin was at the local bottom, CNBC realesed News: Bitcoin is underperforming the S&P 500. After that news bitcoin was doing quite opposite.
It started rising and it went to almost 14.000, made 83% gain in 2 weeks and outperformed every major asset in the world!
(12 Jun) CNBC News about bitcoin rising and breaking 8.000 usd. The next day bitcoin falls 3%.
(17 Jun) they publish news about bitcoin and speculating for bitcoin to go straight for $10K.
Nope, bitcoin goes the opposite direction again and falls 6% to 8900 usd.
(24 Jun) CNBC news saying that bitcoin is breaking 11k but they have a warning for all the FOMO investors out there.
So this was a warning not to fomo in. Too bad because in the next 2 days bitcoin pumped 30%. (26 Jun) when it pumped 30% they published news about bitcoin surging.
The next day bitcoin went the opposite direction of surging and dropped 25%.
(27 Jun) when it dropped 25% they released 3 news about bitcoin.
1st news about bitcoin losing steam, 2nd news Nowogratz talking he wished he sold more yesterday and the 3rd news about bitcoin futures crashing.
The first news was at 10.700 usd. The next day bitcoin was quite the opposite. It went up to 12.400 or 16% up.

July 2019

(2 Jul) CNBC published news about Bitcoin waking up on the wrong side of the bed and falling below $10,000.
That day bitcoin was at the local bottom at 9630 usd. The next day it went 25% up.
(8 Jul) CNBC released news how Bitcoin could hit $30,000 before the next major pullback.
Guess what, it had a major pullback in the next days. Bitcoin crashed from 13.000 to 9000 usd or 30% pullback.
(18 Jul) CNBC realesed news about bitcoin futures getting rekt.
The next day bitcoin was quite the opposite of getting rekt because it went up 15%.
(25 Jul) CNBC released news about bitcoin surging. The next day bitcoin dropped 5%.
(29 Jul) CNBC released news - bitcoin taking a hit on today back down below the 10k level.
That was at 9500 usd. In the next days bitcoin went to 12.300 usd or 29% up.

August 2019

(5 Aug) CNBC released news how bitcoin will rally to new highs.
That news was released almost at the local peak at the 12.000 levels. The next day it was already 6.7% lower.
(12 Aug) CNBC released news how Goldman Sachs just called for a massive bitcoin breakout and recommending to buy bitcoin.
From that day bitcoin started to decline. The next day it dropped 7% and in next 3 days it dropped 17%.

Links

8 Jan 2019
CNBC News: Bitcoin soaring nearly 22% in just the past month and @jimiuorio is betting on a bigger rally ahead
https://twitter.com/CNBCFuturesNow/status/1082705067386523649

10 Jan 2019
Bitcoin falling back below $4000 today and @AnthonyGriz is betting on more pain ahead
https://twitter.com/CNBCFuturesNow/status/1083437943514116096

19 Feb 2019
Bitcoin finding some life today, but @JeffKilburg says the bitcoin boom won't last.
https://twitter.com/CNBCFuturesNow/status/1097921732269215749

21 Feb 2019
Bitcoin trading within inches of the $4,000 mark, but @jimiuorio says there could be a breakdown ahead
https://twitter.com/CNBCFuturesNow/status/1098647243387748352

2 Apr 2019
#Bitcoin surged overnight -- and according to @andrewrsorkin it might have something to do with an April Fool's joke....
https://twitter.com/SquawkCNBC/status/1113074074383781890

23 Apr 2019
Bitcoin to infinity and beyond? @JimIuorio thinks so. Here's how he's trading $BTC
https://twitter.com/CNBCFuturesNow/status/1120739393529102336

25 Apr 2019
Is the crypto winter finally over? @BrianStutland says the Bitcoin rally could run even further
https://twitter.com/CNBCFuturesNow/status/1121463886211944448

26 Apr 2019
Bitcoin is falling fast right now. Down ~$400 in just a few minutes...
https://twitter.com/CNBCFuturesNow/status/1121541298480144384

9 May 2019
Bitcoin is back above $6K but @jeffkilburg says it could be due for a pullback $BTC
https://twitter.com/CNBCFuturesNow/status/1126537457997099009
Bitcoin breaking back above $6,000, but @jeffkilburg says buyer beware: it won't hodl here $BTC
https://twitter.com/CNBCFuturesNow/status/1126538322715795462

14 May 2019
Bitcoin bull Tom Lee of @fundstrat says a FOMO rally could take the crypto back to all-time highs.
https://twitter.com/CNBCFuturesNow/status/1128357700084146177

18 May 2019
Beware the bitcoin boom? The cryptocurrency just lost $21 billion in 24 hours, and experts say it could have more downside to go
https://twitter.com/CNBCFuturesNow/status/1129763574086287362

21 May 2019
Has Bitcoin come too far, too fast? @AnthonyGrizsays it could be time for a move back to $7,000
https://twitter.com/CNBCFuturesNow/status/1130884680042074112

28 May 2019
It may be a FOMO rally, but @JimIuorio says the Bitcoin boom still has some legs. Here's how he's trading Bitcoin futures
https://twitter.com/CNBCFuturesNow/status/1133429443261870085

10 Jun 2019
Bitcoin is underperforming the S&P 500 this month...wow
https://twitter.com/CNBCFastMoney/status/1138202952580157440

12 Jun 2019
Bitcoin futures on the rise this morning and breaking through the $8,000 level
https://twitter.com/CNBCFuturesNow/status/1138793558675263489

17 Jun 2019
Bitcoin is booming to its highest price in a year and the Chart Master says it's heading straight for $10K
https://twitter.com/CNBCFastMoney/status/1140732730872946691

24 Jun 2019
Bitcoin breaking through $11K over the weekend but the #bitcoin baller @BKBrianKelly
 has a warning for all the FOMO investors out there
https://twitter.com/CNBCFastMoney/status/1143274703806783490

26 Jun
Bitcoin futures surging
https://twitter.com/CNBCFuturesNow/status/1143867716614254592

27 Jun
Is bitcoin starting to lose steam (at 10.700 usd) the next day 12.400 usd
https://twitter.com/CNBCFuturesNow/status/1144295487358545923
Nowogratz: I sold a little bit yesterday. I  wish i sold a lot.
https://twitter.com/SquawkCNBC/status/1144238753130655744
Bitcoin futures getting crushed today
https://twitter.com/CNBCFuturesNow/status/1144227746589171714

2 Jul 2019
Bitcoin waking up on the wrong side of the bed this morning, falling below $10,000
https://twitter.com/CNBCFuturesNow/status/1146044702602473472

8 Jul 2019
Bitcoin bull @MarkYusko says the cryptocurrency could hit $30,000 before the next major pullback
https://twitter.com/CNBCFastMoney/status/1148341312363651072

18 Jul 2019
Bitcoin futures getting rekt again today as the cryptocurrency slides further below $10,000 $BTC
https://twitter.com/CNBCFuturesNow/status/1151841279136976899

25 Jul 2019
Bitcoin surging today, reclaiming the $10,000 level after yesterday’s losses $BTC
https://twitter.com/CNBCFuturesNow/status/1154375802580078592

29 Jul 2019
Bitcoin taking a hit on today, back down below the $10,000 level $BTC
https://twitter.com/CNBCFuturesNow/status/1155830504475824128

5 Aug 2019
Bitcoin will rally to new highs as market mayhem continues, says @fundstrat's Tom Lee.
https://twitter.com/CNBCFastMoney/status/1158494222774919168

12 Aug 2019
Goldman Sachs just called for a massive #bitcoin breakout. @BKBrianKelly gives his take.
https://twitter.com/CNBCFastMoney/status/1161027353163784197

@SuperTa that’s impressive research you have done, and this will help everyone whether they’re newbies or experienced traders. I have never relied on news outlets for my trading, and I’m glad I never based my trades on their reports. CNBC should consider removing their analysts as they don’t seem experienced enough to me, how could they get their details wrong so many times?.

[bustedsynx]

It is because CNBC news and predictions are basically news format at its core. Its primary objective is to lure in viewers for its advertisers. So, whatever is sensational, entertaining or interesting, that will be their view.

They are really not in the business of predicting. Also, in a zero-sum game such as trading, not everyone can make profit, there must always be top buyers and bottom sellers.

The show is antithetical to trading, it is after all a mass mainstream media. Terrorist attacks, catastrophes, etc - they are the bread and butter of news, not future prices.

[tranthidung]

People love news and people make losses.
News is for price manipulation, so if you don't have enough skills to differentiate between real and fake news, it will be better and safer for you to stay away from news. Reading news one time per week, ie. by spending around one hour in specific one day in weekends to read news. Nicholas Darvas said that when trends occur, they won't last for hours, or days, but they actuallly last longer; so reading news everyday is unneccessary.

A couple of the points he makes that stood out for me was, don't read or listen to the Wall Street pundits

If you are bitcoin enthusiasts, and know that next year bitcoin will have its halving of block rewars, let's buy cheap bitcoin, and hold them till next year, at least after May of 2020. Reading news might cause you to weakly sell your bitcoins.

[LogitechMouse]

tl;dr

I don't base tradings on the news because those medias that are spreading different news regarding crypto are those who doesn't have or a little knowledge only on crypto. They don't know anything about Bitcoin. They are just predicting the price and will put some stupid explanation to attract and that's it.

News from this sites are for the masses and in order to be successful in trading, you must be a contrarian sometimes. Don't follow what most are doing but do the opposite of it instead. Don't follow this news because it is useless.

[Parodium]

https://www.tradingview.com/chart/BTCUSD/bwSjuQIC-CNBC-Bitcoin-Indicator-Gives-An-Insane-95-Accuracy-For-Bitcoin/

Looks like CNBC hasn't always been so bad at predicting the price of BTC. Maybe they changed analysts lol.

[SuperTA]

Here is why you shouldn't trade bitcoin based on the CNBC news and predictions. This can prevent many short term loses so i decided to share this with you.

For example, (12 Aug) CNBC and other crypto sites published news how Goldman Sachs is recommending to buy bitcoin. Soon after that bitcoin started to fall and in the next days bitcoin dropped 17%.

90% of the CNBC Bitcoin News Predictions are the perfect contra-indicator. In other words, if you made a bet against their bitcoin predictions, you had at least 80% to 90% chance to be successful. At least from dec 2017 to aug 2018. (links bellow)

CNBC Bitcoin News from Dec 2017 to Aug 2019 gave you exactly the opposite direction of what they're predicting or signaling for bitcoin.  This is the reason why you should't trade based on their news. If you follow CNBC Bitcoin News and their predictions you would probably be a millionaire if you would trade the opposite way of what they predict or tell you.
I covered most of their bitcoin news from 2019, 2018 and the end of 2017.
 
I spent quite some time to check all of their btc news, videos, tweets, websites and i prepared a list of the news which were one of the best contradicting indicators you could find.

Let's start with 2019

January 2019

(8 Jan 2019) CNBC published news how their bitcoin expert is betting on a bigger rally ahead for bitcoin. On that day bitcoin reached it's local peak at 4110 usd.  After that it started to drop. In 2 days bitcoin droped 14.8% to 3500 usd. So 2 days later (10 Jan) they published news where they stated that they're betting for more pain for bitcoin.
The next day (11 Jan) it went the opposite direction and bitcoin went 6% to the upside.

February 2019

(19 Feb and 21 Feb) CNBC made 2 articles how bitcoin boom won't last and bitcoin could have a breakdown. After 2 days bitcoin went the opposite direction and gained 8.22%. (4187 usd)

March 2019

Surprisingly March 2019 was one of the months where they actually made a few good calls.
But this month is an exception (from Dec 2017 to Aug 2019) in March there was no major contradicting signals.

April 2019

(2 Apr) CNBC published news about bitcoin rise has something to do with the aprils fools day joke, so bitcoin rise wasn't taken too serious.
The next day bitcoin goes 14% more to the upside. (23 Apr) they mentioned bitcoing going to infinity and beyond. On that day bitcoin made the peak at 5630 usd.
After CNBC news it went the opposite direction again. The next day bitcoin dropped 4.3%. After this fall they published new article how bitcoin rally could run further.
The day after this news it drops 11% more to 4995 usd.
So when it fell down to 4995 usd (26 Apr) they published article how bitcoin is falling fast, down 400 hundred usd in just a few minutes.
That day (26 Apr) bitcoin made a local bottom 4995 usd. After CNBC news , from that day it went only up and up. (the opposite direction)
The next day bitcoin went 4.7% up. After 7 days it went 14% up and in 2 weeks it went 52% up.

May 2019

(9 May) CNBC released 2 news how bitcoin is back to 6.000 usd but it won't hold here and could have a pullback.
The next day it went the opposite way, 7.7% to the upside. In 3 days 27% up and in 1 week bitcoin went 40% to the upside.
(14 May) they released news about bitcoin fomo that could bring crypto back to all time highs.
The next day (15 May) bitcoin droped 8.6% and in 3 days (17 May) droped 25.7% to 6183 usd.
On the 18 May, when bitcoin already made a local bottom, CNCB released news about experts who say bitcoin could go more to the downside.
It went the opposite direction - the next day it went 15.3% up to 8300 usd.
(21 May) CNBC released news, bitcoin to fall back to 7000 usd. That didn't happened.
It went the opposite direction reaching almost 14.000 usd, so twice as much they predicted.
(28 May) CNBC News: Bitcoin Still has some legs.
The next day it was quite opposite- bitcoin dropped 4.28%. After 1 week it dropped 15.4%  to 7440 usd.

June 2019

(10 Jun) When bitcoin was at the local bottom, CNBC realesed News: Bitcoin is underperforming the S&P 500. After that news bitcoin was doing quite opposite.
It started rising and it went to almost 14.000, made 83% gain in 2 weeks and outperformed every major asset in the world!
(12 Jun) CNBC News about bitcoin rising and breaking 8.000 usd. The next day bitcoin falls 3%.
(17 Jun) they publish news about bitcoin and speculating for bitcoin to go straight for $10K.
Nope, bitcoin goes the opposite direction again and falls 6% to 8900 usd.
(24 Jun) CNBC news saying that bitcoin is breaking 11k but they have a warning for all the FOMO investors out there.
So this was a warning not to fomo in. Too bad because in the next 2 days bitcoin pumped 30%. (26 Jun) when it pumped 30% they published news about bitcoin surging.
The next day bitcoin went the opposite direction of surging and dropped 25%.
(27 Jun) when it dropped 25% they released 3 news about bitcoin.
1st news about bitcoin losing steam, 2nd news Nowogratz talking he wished he sold more yesterday and the 3rd news about bitcoin futures crashing.
The first news was at 10.700 usd. The next day bitcoin was quite the opposite. It went up to 12.400 or 16% up.

July 2019

(2 Jul) CNBC published news about Bitcoin waking up on the wrong side of the bed and falling below $10,000.
That day bitcoin was at the local bottom at 9630 usd. The next day it went 25% up.
(8 Jul) CNBC released news how Bitcoin could hit $30,000 before the next major pullback.
Guess what, it had a major pullback in the next days. Bitcoin crashed from 13.000 to 9000 usd or 30% pullback.
(18 Jul) CNBC realesed news about bitcoin futures getting rekt.
The next day bitcoin was quite the opposite of getting rekt because it went up 15%.
(25 Jul) CNBC released news about bitcoin surging. The next day bitcoin dropped 5%.
(29 Jul) CNBC released news - bitcoin taking a hit on today back down below the 10k level.
That was at 9500 usd. In the next days bitcoin went to 12.300 usd or 29% up.

August 2019

(5 Aug) CNBC released news how bitcoin will rally to new highs.
That news was released almost at the local peak at the 12.000 levels. The next day it was already 6.7% lower.
(12 Aug) CNBC released news how Goldman Sachs just called for a massive bitcoin breakout and recommending to buy bitcoin.
From that day bitcoin started to decline. The next day it dropped 7% and in next 3 days it dropped 17%.

Links

8 Jan 2019
CNBC News: Bitcoin soaring nearly 22% in just the past month and @jimiuorio is betting on a bigger rally ahead
https://twitter.com/CNBCFuturesNow/status/1082705067386523649

10 Jan 2019
Bitcoin falling back below $4000 today and @AnthonyGriz is betting on more pain ahead
https://twitter.com/CNBCFuturesNow/status/1083437943514116096

19 Feb 2019
Bitcoin finding some life today, but @JeffKilburg says the bitcoin boom won't last.
https://twitter.com/CNBCFuturesNow/status/1097921732269215749

21 Feb 2019
Bitcoin trading within inches of the $4,000 mark, but @jimiuorio says there could be a breakdown ahead
https://twitter.com/CNBCFuturesNow/status/1098647243387748352

2 Apr 2019
#Bitcoin surged overnight -- and according to @andrewrsorkin it might have something to do with an April Fool's joke....
https://twitter.com/SquawkCNBC/status/1113074074383781890

23 Apr 2019
Bitcoin to infinity and beyond? @JimIuorio thinks so. Here's how he's trading $BTC
https://twitter.com/CNBCFuturesNow/status/1120739393529102336

25 Apr 2019
Is the crypto winter finally over? @BrianStutland says the Bitcoin rally could run even further
https://twitter.com/CNBCFuturesNow/status/1121463886211944448

26 Apr 2019
Bitcoin is falling fast right now. Down ~$400 in just a few minutes...
https://twitter.com/CNBCFuturesNow/status/1121541298480144384

9 May 2019
Bitcoin is back above $6K but @jeffkilburg says it could be due for a pullback $BTC
https://twitter.com/CNBCFuturesNow/status/1126537457997099009
Bitcoin breaking back above $6,000, but @jeffkilburg says buyer beware: it won't hodl here $BTC
https://twitter.com/CNBCFuturesNow/status/1126538322715795462

14 May 2019
Bitcoin bull Tom Lee of @fundstrat says a FOMO rally could take the crypto back to all-time highs.
https://twitter.com/CNBCFuturesNow/status/1128357700084146177

18 May 2019
Beware the bitcoin boom? The cryptocurrency just lost $21 billion in 24 hours, and experts say it could have more downside to go
https://twitter.com/CNBCFuturesNow/status/1129763574086287362

21 May 2019
Has Bitcoin come too far, too fast? @AnthonyGrizsays it could be time for a move back to $7,000
https://twitter.com/CNBCFuturesNow/status/1130884680042074112

28 May 2019
It may be a FOMO rally, but @JimIuorio says the Bitcoin boom still has some legs. Here's how he's trading Bitcoin futures
https://twitter.com/CNBCFuturesNow/status/1133429443261870085

10 Jun 2019
Bitcoin is underperforming the S&P 500 this month...wow
https://twitter.com/CNBCFastMoney/status/1138202952580157440

12 Jun 2019
Bitcoin futures on the rise this morning and breaking through the $8,000 level
https://twitter.com/CNBCFuturesNow/status/1138793558675263489

17 Jun 2019
Bitcoin is booming to its highest price in a year and the Chart Master says it's heading straight for $10K
https://twitter.com/CNBCFastMoney/status/1140732730872946691

24 Jun 2019
Bitcoin breaking through $11K over the weekend but the #bitcoin baller @BKBrianKelly
 has a warning for all the FOMO investors out there
https://twitter.com/CNBCFastMoney/status/1143274703806783490

26 Jun
Bitcoin futures surging
https://twitter.com/CNBCFuturesNow/status/1143867716614254592

27 Jun
Is bitcoin starting to lose steam (at 10.700 usd) the next day 12.400 usd
https://twitter.com/CNBCFuturesNow/status/1144295487358545923
Nowogratz: I sold a little bit yesterday. I  wish i sold a lot.
https://twitter.com/SquawkCNBC/status/1144238753130655744
Bitcoin futures getting crushed today
https://twitter.com/CNBCFuturesNow/status/1144227746589171714

2 Jul 2019
Bitcoin waking up on the wrong side of the bed this morning, falling below $10,000
https://twitter.com/CNBCFuturesNow/status/1146044702602473472

8 Jul 2019
Bitcoin bull @MarkYusko says the cryptocurrency could hit $30,000 before the next major pullback
https://twitter.com/CNBCFastMoney/status/1148341312363651072

18 Jul 2019
Bitcoin futures getting rekt again today as the cryptocurrency slides further below $10,000 $BTC
https://twitter.com/CNBCFuturesNow/status/1151841279136976899

25 Jul 2019
Bitcoin surging today, reclaiming the $10,000 level after yesterday’s losses $BTC
https://twitter.com/CNBCFuturesNow/status/1154375802580078592

29 Jul 2019
Bitcoin taking a hit on today, back down below the $10,000 level $BTC
https://twitter.com/CNBCFuturesNow/status/1155830504475824128

5 Aug 2019
Bitcoin will rally to new highs as market mayhem continues, says @fundstrat's Tom Lee.
https://twitter.com/CNBCFastMoney/status/1158494222774919168

12 Aug 2019
Goldman Sachs just called for a massive #bitcoin breakout. @BKBrianKelly gives his take.
https://twitter.com/CNBCFastMoney/status/1161027353163784197

@SuperTa that’s impressive research you have done, and this will help everyone whether they’re newbies or experienced traders. I have never relied on news outlets for my trading, and I’m glad I never based my trades on their reports. CNBC should consider removing their analysts as they don’t seem experienced enough to me, how could they get their details wrong so many times?.

Thank you. Here is the update.

23 Aug 2019

CNBC: #Bitcoin is back above $10k, but @BKBrianKelly is feeling a little bearish.
https://twitter.com/CNBCFastMoney/status/1164658891751378946

Nope, bitcoin went to the opposite direction again.

[xamxam]

I don't care about their news and besides, not all news are true and price. Because to all bitcoin fanatic and enthusiast, they know that bitcoin has a better future and has a lot of full of potentials in terms of its usages features. In fact, there are lot of investors still embracing and supporting bitcoin up to now and investing unto it also, which means it is still good investment form of assets.

[figmentofmyass]

https://www.tradingview.com/chart/BTCUSD/bwSjuQIC-CNBC-Bitcoin-Indicator-Gives-An-Insane-95-Accuracy-For-Bitcoin/

Looks like CNBC hasn't always been so bad at predicting the price of BTC. Maybe they changed analysts lol.

on the contrary, that strategy is based on using CNBC as a contraindicator. whenever CNBC is bullish, you sell, and vice versa. the tradingview results show it performed pretty well in 2018, and the OP's data shows that it's still working in 2019.

if your TA agrees with CNBC, get ready to be stop lossed/margin called.

[pooya87]

news agencies are always reporting what people want to hear not what the reality is. specially when it comes to speculation they go with the flow. for example when price is rising they talk about how it is going higher and vice versa when it is dropping.
in a way you could say that their reports may look like predicting the future but in fact it is only reporting the history. so when they say "you should sell bitcoin, it will drop lower" they are really saying "bitcoin has already dropped, and you should have sold already".

[jhonjhon]

Crypto market is not reacting to news as it used to in the times of the big bubble.
Todays news also is 99% twisted and fake, they are written only to get clicks and sell their ads, this is business and has nothing to do with price.
There should be no thoughts about trading on the news.

That is right, that is why don’t base you trading decisions based on news because they might lead you to the wrong direction such as this one. Study the market trend using some other factors and stick with it because news nowadays are not as trustworthy as it is in the past because now it’s money that is dictating what news to air and they don’t really care whether it is fake or not.

[atjiat]

It seems to me that owning a cryptocurrency still carries a huge risk due to the fact that most cryptocurrency users are subject to information manipulation.  Nobody wants to take risks and for any reason can sell or buy coins at their discretion.  The same situation may be with Bitcoin, because some predict a great future for him, but as soon as someone makes a bad statement, the price will immediately fall due to the fact that there will be massive sales of Bitcoin.

[Artemis3]

https://www.tradingview.com/chart/BTCUSD/bwSjuQIC-CNBC-Bitcoin-Indicator-Gives-An-Insane-95-Accuracy-For-Bitcoin/

Looks like CNBC hasn't always been so bad at predicting the price of BTC. Maybe they changed analysts lol.

on the contrary, that strategy is based on using CNBC as a contraindicator. whenever CNBC is bullish, you sell, and vice versa. the tradingview results show it performed pretty well in 2018, and the OP's data shows that it's still working in 2019.

if your TA agrees with CNBC, get ready to be stop lossed/margin called.

I'd advise against using any news media sources as indicator (in either direction), as they might be just random throwing dice, with higher chances of missing (reflected in the aforementioned), but randomly hitting it so you would end losing...

[nh0xxpr01]

I don't believe in any media news..

[Kakmakr]

We all know news platforms like CNBC News are used to manipulate the price and to shill for their Fiat masters. I have stopped listening to all the nonsense that these news media platforms are pushing out to the public, because 90% of this is fabricated or infused with FUD. 

You will also see breaking news on one platform and then 10 different opinion pieces based on that news, without any substantial difference of what was said in the original article. <They just play telephone.. telephone and no new research are done to substantiate their claims. > 

[jostorres]

news agencies are always reporting what people want to hear not what the reality is. specially when it comes to speculation they go with the flow. for example when price is rising they talk about how it is going higher and vice versa when it is dropping.
in a way you could say that their reports may look like predicting the future but in fact it is only reporting the history. so when they say "you should sell bitcoin, it will drop lower" they are really saying "bitcoin has already dropped, and you should have sold already".

The best to do to avoid these doubts is just to do personal investigation of that news before we consider taking action on it, you know that we cannot know the intention of the writer of that news or the intention of the publisher, and we are only basing everything we said here in assumption.

There might been bad, wrong and incredible news that has been released by these sites, but at least, they will still have some news that have the real picture of the situations of things in them, which is why I usually makes sure that I do my own personally analysis first, I try to use both technical and fundamentals analysis tools that is available to me to confirm whatever news that I see spreading over those sites, then I will be able to pick the ones I can work with through that.

[SuperTA]

What happened? Why they stopped with their CNBC Bitcoin Predictions on twitter?  

[7788bitcoin]

True, but many newcomers are not aware of that. That's why i try to warn them.
You wouldn't believe how many posts i see about trading related to some news.

I really appreciate your thread after some research to inform newbies trying to follow any speculative news to invest in it and then end up in a loss as they probably will panic when they see the market going down and they would sell off without thinking twice. I am in this market for a very long time and i never listen to any speculative medias, i have my decision on what to do with the market and all of my plans are long term and not for the short term.

[pixie85]

I don't believe in any media news..

You should take them with a grain of salt but not be too skeptic. If the news said that you should take cover because there's a big storm coming would you believe them or not? I always read the news and watch what I can on youtube but try to get some feedback from different sources before acting on it.

You did a great job of getting all these facts together OP. CNBC was a joke in 2018 when their every price prediction was a failure and they are still a joke. Maybe whales are trolling them?

[Diirtmaan]

Very often, news creates FUD and such speculation negatively affects the market due to people's trust. You need to learn how to filter the news and not make mistakes because of some media statements.