Viewing a response to: @mintymile/crypto-market-is-finally-getting-set-to-recover-so-these-charts-indicate
Hi @mintymile Personally, I would consider recent crash and crypto market bloodbath as a possible "turning point". My experience tought me, that if price is crashing and volumes are raising (and volumes spiked up to super high levels lately and did hold for quite sometime) then it means one thing: - crypto is moving into hands of those investors, who are willing to open their positions during massive panic and fear. And those kind of investors are usually "the pillar" for upcoming bull markets. So we may witness some more dumpage happening, but seeing how recent crash and all that dump being BOUGHT UP around 30k is giving me only optimistic view on the future price. Cheers, Piotr
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| author | crypto.piotr |
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That's right, you are pretty street smart. There will be those who can afford to buy the dips, this means buyers are entering the market and trend reversal is happening. This is good news obviously, for those who are still in the space like u and me, ofcourse, we have to wait and watch and learn!! It's good time to practice reading price charts and deciphering investor behavior! thats rihgt, massive fear there will be whales who capitalise on it and invest and start the bull cycle again...its just how things work in all markets...
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street smart :P good one buddy
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