You're absolutely right fdKen & it can & does definately have an effect on new players. Unfortuantely i include myself in the list of suckers. lol..... not that i'm bitter about it! much!
It wasn't API though....
I got into this a couple of weeks ago as i liked the look of the charts & still do.
On the Daily we have Supply well & truly drying up on the retrace. Getting ready for the move up.
Weekly shows a fall this week on significantly lower volume than last weeks rise which tells me that the sellers are not keen to unload at these low prices. This weeks fall hasn't managed to break lower than the low of last week either as holders are not prepared to let them go any lower. Again a good sign
Monthly is pretty to watch! Significantly reduced volume on this retrace back to Septembers lows. Come close to September lows but not quite.
All in all i'm in this because of the charts & yeah you're right i am feeling positive hence taking the plunge.
Looking forward to the next up move but hey... i have been wrong before too!
Kind Regards
DmansDad
You're absolutely right fdKen & it can & does definately have an...
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