Even I thought we saw a dead cat bounce just now. It was that obvious. In fact I was hoping for it so I can get some more coins that I think of as cheap (<$5). Not yet there though, but probably soon. Not calling an exact low but I'm very confident that it'll be at $4.xx, at which point the volumes will go way higher again. That is still the best range for buying in.
The long term situation is still very good. If the price were to stay at under $5 for a week or so I would call long term neutral. If it were to stay at below $4 for a week I would call long term down, and below $4 for a month, then I'd call abandon ship.
But for now there's much reason to be positive. For one, the volumes for this correction have been low, meaning the sellers aren't that interested either. And if the volumes continue to go skyhigh at $4.xx, the signs are good. In that situation all that the market needs is some fresh blood willing to buy and a real rally could happen. So just wait for it.
Topic: Dead Cat Bounce ??!! - page 5. (Read 9231 times)
In Norse mythology, troll, like thurs is a term applied to jötnar. In Old Norse sources, trolls are said to dwell in isolated mountains, rocks, and caves, sometimes live together (usually as father-and-daughter or mother-and-son), and are rarely described as helpful or friendly.
oh umm and some filthy man told me as it wont be used for drugs and illegal issues any more it will vanish as in a pyramid scheme!!
is a pyramid scheme something related to Egypt ?
is a pyramid scheme something related to Egypt ?
lol @ rubbery.
Yah that is hat I told my friend too. I said look! Look! the cat is still bouncing up again after every fall! YAY me! that cat must be alive!!!.
But she old me as long as the bouncing is always lower than the one before then the cat is DEAD!!!.
She told me too that is a well known beaver chart behavior (or was it bearish behavior and the other one was the beaver!).
Any way, I still really do not understand all that technical stuff! Can someone please explain.
Thanks!
Yah that is hat I told my friend too. I said look! Look! the cat is still bouncing up again after every fall! YAY me! that cat must be alive!!!.
But she old me as long as the bouncing is always lower than the one before then the cat is DEAD!!!.
She told me too that is a well known beaver chart behavior (or was it bearish behavior and the other one was the beaver!).
Any way, I still really do not understand all that technical stuff! Can someone please explain.
Thanks!
It does look a bit like a dead cat bounce, although the bounce is gradual. That kitty was rather rubbery. I'm sure someone will post a log graph soon to prove the cat is alive and well.
quick survey!
does anyone think he didn't know the answer before he created the thread?
get your votes in!
does anyone think he didn't know the answer before he created the thread?
get your votes in!
a dead cat bounce is when something drops in price quite a bit the price starts to look appealing again. But in reality it is
still over priced and continues to fall even lower after the price bounced back up for a short while.
still over priced and continues to fall even lower after the price bounced back up for a short while.
haha, its like a cult here, you have to be a bitcoin fan or be put on the stake.
I talk to many friends of mine about the Bitcoin trade analysis (without saying it is the bitcoin ... I just say it is an X stock). And they all say it is a well known trade price chart called "dead cat bounce".
Any one can help me explain the expression in simple English please?
and please do not take me wrong , I am a bit coin fan (well at least as long as it exists!!)
.
Thanks!
Any one can help me explain the expression in simple English please?
and please do not take me wrong , I am a bit coin fan (well at least as long as it exists!!)
.Thanks!
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