By the way, the number of baghodlers on Tesla is down now that the price went up. Got their chance to break even on idiotic buys.
DB baggies spiked during the whole day of the 08 July. Did some guru tell his gullible paid group to buy the "bottom"? Or whale uses Baginhood?
DB baggies have been following the usual baggy path: exact opposite to what price does.
After being down 90% I guess baggies that lucked out and bought closest to the bottom, when it eventually goes back up, will get their shot at breaking even, and others will just ride it to zero.
Not making any speculation on this. Just watching and laughing.
Not even a good counter indicator as they just opposite-shadow the price just like alot of funds simply shadow the price.
Does not tell us anything we do not already know.
I have to finish my series...
Trading styles. Part 1/5. The 4 different kinds of bottoms.
Trading styles. Part 2/5. Buying pullbacks.
Trading styles. Part 3/5. Trend continuation breaks.
5/5 other (ranging or exotic strats)
The count is wrong 1/5 is an intruder. I want to throw that and restart.
But I don't really know... I guess there are not that many type of strategies it's either pullbacks continuation countertrend or trading ranges?
With all the hate I got for shorting BTC as it was going up this makes zero sense. The peons all want to go against the trend.
The difference is they only go against the trend when it goes down I guess... "Buy cheap". How dumb. Just flip the chart then...
Noobs will buy absolutely anything when they see something down 95%. I bet there are some "educator" that teaches idiots to scan for poop and buy it.
Probably alot of those in penny stocks. Maybe they imagine other people than them are buying and they are not just scamming each other?
(With Tim making most of the dumping, on his followers).
Tim is a name I made up for the example. It is a totally made up character, let's call him Tim S. and he does not represent anyone existing in real life.
Also join my discord you will find the link in my telegram channel