▲ 240 ▼ Can someone smarter than me tell me if this affects me or not? (europe.pub) submitted 8 months ago by StarvingMartist@sh.itjust.works to c/outoftheloop@lemmy.world 49 comments fedilink hide all child comments
[–] fox2263@lemmy.world 4 points 8 months ago (2 children) Does that mean it’s a good time to buy? 😂 permalink fedilink source hideshow 2 child comments replies: [+] Cevilia@lemmy.blahaj.zone 2 points 8 months ago* (last edited 4 months ago) [deleted] permalink fedilink source parent [–] IronBird@lemmy.world 1 point 8 months 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... permalink fedilink source parent
[+] Cevilia@lemmy.blahaj.zone 2 points 8 months ago* (last edited 4 months ago) [deleted] permalink fedilink source parent
[–] IronBird@lemmy.world 1 point 8 months 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... permalink fedilink source parent