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RE: Very Nice Backtest and Rally

in #investing7 years ago

It's all about close prices versus the long wicks of the candles. Long tails represent the emotional and volatile movement of mass psychology, which can be interpreted as noise. Very encouraged by the price action today, nice to see the buyers step in. Obviously, we all would like crypto prices to moon away from current prices, but more times than not the market will test one's patience.