Topic: Crash recoveries are not moons - page 8. (Read 1894 times)

Well said, it is absolutely True. Even if there is a small recovery, it is good for the market to grow better.

Initially, when I started my trading, I had some amount of Bitcoin and because of the panic selling I sold the whole currency and I was in a total loss. As soon as I understand the market, I am doing better for 8 months now.

Are you just going off of the premise that huge red candles recovering slowly is just painting bear flags that lead to another fall?  The problem is nothing is acting normal.  These bart candle patterns are just signs of manipulation of large holders counter trading the masses and pushing through everyone's stops on margin.  It seems more reasonable at this point to predict the exact opposite of what is supposed to happen as the newfound result. 

Back to your point though people are definitely trying to create a positive vibe and sort of wishing well it into existence because they want the bleeding to stop.  In reality though we're definitely in a "dumb zone" of trading where Bitcoin has to decide whether its gonna break over 6800 and start working on the 7200 resistance or if we're going to go down and test 5k (or 4.5k).  I do believe we are nearing an end simply because things are behaving very strangely.. and I'm getting the sense that someone knows something behind the scenes and there is one last accumulation run before the big blast off (but I'm also ready for the bearish pessimistic case that maybe we go and retest 4.5k first and enter a long consolidation period).

There's just not enough information and there are mixed signals no matter how you break it down.  I think everyone should just wait for bitcoin (or its manipulators) to decide, and in the meantime don't be taking too many alt positions until we know for sure a cycle is gonna get started up and for sure don't be trading on margin (Bots are sniffing out your stop  information, and will take you out of the game in a one minute candle).

Trade safe guys and be patient, don't look for what isn't there like OP says.  Bulls are coming in due time.

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

Some people are just trying to spread a positive sentiment rather than a pessimistic point of view. Daily recoveries, no matter how small they are, are always welcomed in a market surrounded by a bearish sentiment. Sure, they won't trigger a bull market nor the price is gonna moon, but they can help shift the overall sentiment little by little. Also, the majority of people likes to see green candles, and given how this is a market driven by emotion, these positive numbers could help stop any further dumps from panic sellers/weak hands as they begin to see small recoveries.

Could not agree any more. Despite so many crashes in the previous years, it always recovered it value in the market.

One of the BTM innovators had a huge loss in 2013 and he was ranked as a Bitcoin billionaire in 2017.

This is a market game which still has been attracting so many people to put in their money. So it does not mater how many you earn as long as you are earning.The long term will take care of the maximization of the profits.

If it isn't then why did bitcoin reached 20k us dollars? I mean, it suffered a lot of crashes and look at it. It's still standing still for investment and more people to trust this coin.

It's fine. It's your own assumption after all.

But didn't you know that a small increase of recovery coming from a crash is a good indicator that it battling the established bottom? Meaning we can see the support around that price level therefore we can make up some adjustments on our strategy. 1% 2% etc. whatever it is, someone is buying around the price level.

Because that kind of price movement is usual then it's obvious that you will see statement like that. If you will not adjust then your irritation will continues....

So what you mean to say that lets hope for continuously dropping ?

if from an important resistance level, then Yes, maybe that's a good sign, and if in simple marks - I do not see it as a positive sign

If it isn't then why did bitcoin reached 20k us dollars? I mean, it suffered a lot of crashes and look at it. It's still standing still for investment and more people to trust this coin.

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

Actually the price is now recovering.Now the price of bitcoin again raised to 6138$,so it's seems good.May be by in few days the price will get back to new maximum price.When the price is recovered to old value,we can expect the new moon.Some may think it will not occur.But the price will reach new moon soon.

Yup it always crashes its part of the nature of bitcoin and after the crash a slow redemption happens then go for a boost from the hype after the all time low and bounced back for a higher point. After a big crash it always goes over the last highest value then continues to dominate then crash again, its a cycle that cannot be broken from cryptocurrencies.