People tend to react very emotionally when they see big moves on the stock market. 10% price increase over the weekend is a big move even for Bitcoin. And the reaction of 99% of traders and investors is typicol FOMO (fear of missing out). Their logical understanding is that when its jumping 10% it will go even higher/ it has to be the trendchange. Thats why they lose money. Dont fall for the logic trap.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.