This is what we called capitulation where the big whales wanted to enter the market with a lower price and they create FUD(Fear Uncertainty Doubt) into the market and causes panic selling adding up with prices touching many stop losses of leveraged position along the way creating a big long red candle. As the market touches the ideal buying price for the whales, they bought the dip and as we can see the volume spike like never before.
If the whales miss the moon rocket, they bring the rocket back and get on it! Now the whales are on board, next stop, MOON!
This indicates that the market is still in a big demand where the whales would like to buy in at a low price and they know the price would at least gain for 100% from here.
I hope you bought the dip along with the whales!
If the whales miss the moon rocket, they bring the rocket back and get on it! Now the whales are on board, next stop, MOON!
This indicates that the market is still in a big demand where the whales would like to buy in at a low price and they know the price would at least gain for 100% from here.
I hope you bought the dip along with the whales!
