$ZEC Seven consecutive down days, down a cumulative 29.37% over that period, and down 0.61% so far today.
I used to think that after a run of down days, prices would keep falling the next day. It took me a while to understand: a streak of several days doesn't tell you whether the next candlestick will close up or down; consecutive up or down days only show that one side has had the upper hand during those days.
When trading volume gradually increases throughout a run of candlesticks, it's often taken to mean that more people are participating. When volume keeps shrinking, it's often seen as a sign that fewer people are joining in.
With leveraged positions, first consider whether you can withstand the worst-case scenario, then think about what the indicators are saying.
I used to think that after a run of down days, prices would keep falling the next day. It took me a while to understand: a streak of several days doesn't tell you whether the next candlestick will close up or down; consecutive up or down days only show that one side has had the upper hand during those days.
When trading volume gradually increases throughout a run of candlesticks, it's often taken to mean that more people are participating. When volume keeps shrinking, it's often seen as a sign that fewer people are joining in.
With leveraged positions, first consider whether you can withstand the worst-case scenario, then think about what the indicators are saying.