Investors are STILL Buying the Dip
January 24, 2022
Investor Mentions of “Buying the Dip” typically start to rise when prices are falling —
The response to the recent sell-off suggests that traders have already started to take advantage of cheaper entry prices.
Although the 30-day moving average is still well below the past ATH, this trend typically doesn’t reach a peak until after prices bottom. The term was pioneered by stock traders but has since been co-opted by cryptocurrency investors (highs now correspond with crypto buying) — We’ll be keeping a close eye on this trend going forward, especially with respect to crypto.
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