/biz/ - Business & Finance

>>17385908
Suppression or not, it was traded very technically during its downtrend. Every touch of the trendline dumped it for many years in a row like clockwork. If you're not a moonboy, that's tradeable.

>>17263805
>Is there any truth to that?
I don't know. 2016-2018 was probably very frustrating for traders who wanted to be bullish, but the downtrend was very clear, and the bulls couldn't build up enough momentum to break resistance until late 2019.

For people who have a hodl to the moon mentaility, those were probably frustrating years, but the chart looks like it's behaving normally to me. None of the price rejections were surprising. From a trading perspective, it was actually really well behaved in those years even if it wasn't pumping. It was following "the rules" and was relatively easy to trade to the short side.