I took a look at the price and it seems the whales have stopped their silly games!
This allows the price to build a nice solid base at .009 and like a foundation for a building, the taller the building you want, the wider the base should be.
Unless you make it out of superstrong materials from the future
The longer term average has finally caught up with the price and for most coins, it would be going into negative territory during this consolidation phase. But as has been the case, BTCD's "down" cycle is just going sideways.
A 10:1 buy vs sell ratio and this looks like actual people bids, not silly bots, so with support like this it gives nice confidence for traders to come in.
Now some people say we are down from ATH of .012, but really all the .01 to .012 stuff started when somebody bought out the entire polo sell side up to .025 or something like that and this rippled to the other markets. If you ignore these whale games and draw a smooth long term line you will see BTCD is making nice "turtle" like progress.
So while it is quite fun to see the trampoline clown (and profitable now we know the game), the real progress is the turtle just making steady gains day by day. That is really the sustainable price growth, so if you just buy when it is at the long term green line and sell when the whale makes a big splash, then soon maybe you become the whale.
When you have something you can be confident in and it has a solid base, the risk level goes down as it approaches the support. Then you can estimate how high the trampoline games will take it and if the ratio of falling to the support vs. rising to the expected level is a minimum of 3:1, then you are going to be fine in the long run. Even if you are only right 1 of three times, you are still fine. If you are right 2 of 3 you are making nice gains.
Now if the ratio goes to some crazy 10:1 then you just need to be right a few times. Also the bigger of a gain you are waiting for, the less you are trading and the opposite the smaller gain, the more you are trading. Finding the right balance is tricky and depends on your risk tolerance, time availability, etc. The other thing is that if you do get over excited (not hard in this market) and end up buying at the higher end of the range, it means you need to wait for the turtle to catch up to you. So maybe you are on the sidelines for a while
James