Post
Topic
Board Tokens (Altcoins)
Re: ANN: ELIXIR (ELIX) Mobile Lending App Announced (ELIX On CoinExchange)
by
almg89
on 06/10/2017, 23:10:27 UTC
anybody here who knows how to read the graphs? please explain, there were green candles with huge volume a couple of days ago. now I am seeing red candles with much less volume, what does it mean? there were lots of buyers who pumped up the price, but now people are selling with less volume, but the price is still going down

Nothing is going up forever, always big whales take profit and crash the market, its good and its natural for healthy growth in price.
if the coin will enter to new and bigger exchanges it will make the spikes smaller, but still can pump hard and then crash.

if you believe in the project *fundamentally* you don't need to pay attention to spikes, just longterm trend, and its clearly growth.

if you don't know what you are doing - holding is the best option.

A. BTC