It was an expected drop as the support around the $400 price level was too weak to hold. I think we'll sit around $380-$420 for at least a week or two.
Then what? Continue to slide down or do the Chinese pumpers come back?
Topic: Dead Cat Bounce - page 3. (Read 3028 times)
Then what? Continue to slide down or do the Chinese pumpers come back?
It was an expected drop as the support around the $400 price level was too weak to hold. I think we'll sit around $380-$420 for at least a week or two.
we can not really talk about dead cat bounce after a fake dump driven by a statement and some coins dumped because of thief
as i see it this is a double correction of the price waiting for stabilize again at a precise value
as i see it this is a double correction of the price waiting for stabilize again at a precise value
And oh
how you lied and oh how I cried
All through the night
all through the night.
Should've known you'd be the same I guess
I'm the one to blame
Will it ever change
nothing ever changes.
The record keeps spinning
baby
round and round
. .
It's like a broken record
broken record
broken record
broken record
Broken record
broken record
broken record
broken record.
Enjoy:
https://www.youtube.com/watch?v=jMItyQIFp58
BTC was due for a significant correction. Corrections typically go deeper than fair value.
That said, the Hearn-driven selloff was a bit of an over-reaction.
Some of the selloff in BTC was due to timing. It came in the midst of a global flight from risky assets, including risk-on currencies such as AUD, CAD, and NZD.
Although BTC sometime acts as a safe haven, it is at times correlated with other asset classes. At this point, BTC has a positive correlation with risk assets.
Based on what I'm watching, the bounce in the risk-on currencies could be a dead cat bounce. If not, then BTC should rally along with them.
we can not really talk about dead cat bounce after a fake dump driven by a statement and some coins dumped because of thief
as i see it this is a double correction of the price waiting for stabilize again at a precise value
as i see it this is a double correction of the price waiting for stabilize again at a precise value
The pump to 410 was just a bit too big and I expect it to be nothing more than a correction for that.
The ascend will start again and we may end January above 400 nonetheless.
The ascend will start again and we may end January above 400 nonetheless.
It appears to be one. I think we'll be correcting somewhere around 385 after the big fall from the other day. It's still an increase from where we started after the early November crash, but we started to get too ahead of ourselves and the Hearn news was the straw that made the correction start
In finance, a dead cat bounce is a small, brief recovery in the price of a declining stock/commodity/currency. Derived from the idea that "even a dead cat will bounce if it falls from a great height", the phrase, which originated on Wall Street, is also popularly applied to any case where a subject experiences a brief resurgence during or following a severe decline.
https://en.m.wikipedia.org/wiki/Dead_cat_bounce
looks like it https://en.m.wikipedia.org/wiki/Dead_cat_bounce
In finance, a dead cat bounce is a small, brief recovery in the price of a declining stock/commodity/currency. Derived from the idea that "even a dead cat will bounce if it falls from a great height", the phrase, which originated on Wall Street, is also popularly applied to any case where a subject experiences a brief resurgence during or following a severe decline.
https://en.m.wikipedia.org/wiki/Dead_cat_bounce
https://en.m.wikipedia.org/wiki/Dead_cat_bounce
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