Litentry has been accumulating vs Bitcoin (LITBTC) since early June, which means six long months of accumulation.
That's why the growth is so sudden when it starts, such as in DATABTC, because the accumulation phase just takes so long. Long enough so that new and inexperienced players become bored and decide to sell/fold.
Incidentally, as soon as the majority sell -at the bottom, the pair decides to take off and grow.
Here is another one; If people jump-in too fast and buy a pair that is looking great and already growing, the bots adapt and start selling the exchange holdings and a new waiting period starts, the cycle repeats. When people see that the momentum drieds out they decide to move to a new pair and as soon as soon as they sell the action starts again.
Market psychology for experienced traders and beginners alike.
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