All I could see in the charts is the new money, even on the counterparty and Waves dexes, the orderbooks are filling up again, my guess is those wondering if the dips would get lower are now finally getting into the market again. Wouldn't say this is the end of short-term volatility though, the way the swings happened without any real rhyme or reason (and no, Korean and Chinese news isn't new, and CBOE futures were all cash settled).
I'd say we should still be prepared for even lower dips. We're going to see a lot of people cashing in for quick 10-15% profits from this recovery, so more selling pressure awaits.
I'd say we should still be prepared for even lower dips. We're going to see a lot of people cashing in for quick 10-15% profits from this recovery, so more selling pressure awaits.
Exactly, that's why I still believed that somewhat bulls are waking up but not all of them. Some are still waiting if the dust that really settled in right now. Looks like bears and bulls are fighting it out, that's why the price is fluctuating around $11,300-$11,700. And yes, we should still be very cautious and not celebrate yet. We need at least few more days and see how everything pans out. And it the prices goes down again, more buying opportunity again for all of us.
This has been a great relief for me especially. It was funny when the bitcoin was digging and the altcoins were following suit. A real sigh of relief now.
Nice to see the market go green and I'm sure that a lot of us finally have a sigh of relief. Its really intense for you to see the market goes down. I hope you didn't panic sell though. Baptism of fire to you mate, next time you will take it like a pro.
. Just wait it out and see how the market really moves. Not 100% sure that we are still out of the woods, IMHO.