• IronBird@lemmy.world
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    4 days ago

    yes, for people in “in the know” sotospeak, they call the lines going up non-stop “being priced out”.

    for the big indexes and other OG bitcoin-type stuff (gold and silver), in order to get good entry price you ideally wait for a correction to occur (correction is a drop of atleast 10%) you need that much to force all the algo-traders into cut-losses mode.

    look back at last april to see what the floor is when the algos stop…