Re: Price recovery after the big cash-out (big price drop on Sunday morning)
Doubt the bottom is here, but it's not far off; there are plenty of buyers.
As far as I can see, there are a few panic sellers, and many more buyers buying small amounts all the way down.
I think they (the buyers) have a good strategy.
As far as I can see, there are a few panic sellers, and many more buyers buying small amounts all the way down.
I think they (the buyers) have a good strategy.
Yesterday i received this from my trader friend, so much truth in it:
I'm running an exchange, I'm just saying what I'm seeing. :-)
Anyway the point here is that it's impossible to call the bottom -- so buying on the way down and selling a little on the way up makes sense.