i hope you can help me there i for myself i saw no sign why i should go long there but somehow others did as you said they were tricked but since i tdont wanna get tricked in the future i kinda interested in what people saw that made them belive its going up any time soon. there must clearly something i totaly missed that could have tricked me (would trick me in the future potentialy) thats why im asking about it
i hope you understand what i mean :)
for me i saw low volume to begin with a tone of shorts on bitfinex the walls just feeding more shorts the rsi was to high to begin with and macd dancing around zero or below not to mention elliot correcting phase still suporting the down trend channel so where ever i looked i dont understand why people bought at all
Gandalf123
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@Dayta, belief? hope? and when u hold crypto, u can't wait for it to resume with the bulls. In the long term they would be right, but I think we have one more opportunity to buy cheap.
Dayta
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@Gandalf123, this is it its still going down no reason to buy now but they still do thats what buffles me
i hope you understand what i mean :)
for me i saw low volume to begin with a tone of shorts on bitfinex the walls just feeding more shorts the rsi was to high to begin with and macd dancing around zero or below not to mention elliot correcting phase still suporting the down trend channel so where ever i looked i dont understand why people bought at all