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[-] fox2263@lemmy.world 4 points 3 months ago

Does that mean it’s a good time to buy? 😂

[-] IronBird@lemmy.world 1 points 3 months ago* (last edited 3 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...

this post was submitted on 03 Feb 2026
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