Mark, I understand 3 or your 4 crypto patterns. How does number 4 work?
"4. Once prices go down long enough for people to think prices will keep going down, new sellers come into the market. Prices go down more. The cycle continues." Please help me understand why new sellers would come into the market when prices "go down long enough that people think prices will keep going down." That seems to be the opposite of supply and demand. Why would supply go up when prices are going down? Thanks for your help.
Mark, I understand 3 or your 4 crypto patterns. How does number 4 work?
"4. Once prices go down long enough for people to think prices will keep going down, new sellers come into the market. Prices go down more. The cycle continues." Please help me understand why new sellers would come into the market when prices "go down long enough that people think prices will keep going down." That seems to be the opposite of supply and demand. Why would supply go up when prices are going down? Thanks for your help.