I have been looking a lot at the volumes and prices on the Chinese exchanges. If we have another night / day like today that will break the confidence of a lot of newbies in this space and they could panic.
A lot of the orders on the books get withdrawn. That is my only thing of going off much of that.
It does upset me thought that people who have no thought into their post and just cheerlead.....BUY THE DIPS . I mean yeah I don't want the thing to get crushed but I'm just presenting it how I see it the same way you are.
Yes, many people just get in the simplistic buy the dips. Probably also out of interest because they are invested and don't want it to go down further. But we have to be truthfull and honest. Not spreading FUB but just showing what the technical analysis shows, the same than when it was showing all time highs.