coins101
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March 03, 2014, 06:03:54 PM

I do not understand this mindset that people get in when they see a rising price or a reversal, that all the sudden it has to reach an even higher level on the same day, and then an even higher level tomorrow, breaking every known resistance on the chart. "It's going to go all the way $XXX!!!". Why? They think that once the reversal is in, all the work is done and we might as well go to ATH right away and skip the whole recovery part. People get caught up in this emotional exuberance that has nothing to do with actual trading trends.

cause that is what happens when demand takes over...
False. It takes weeks of sideways trading and gradual uptrending to break the major resistance levels. They don't just go down because everyone suddenly decides the party is on. Look at bitcoin's history and you'll see.

This.

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