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Topic: Dead Cat Bounce ??!! - page 5. (Read 9241 times)

legendary
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
September 15, 2011, 05:41:20 AM
#9
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.


legendary
Activity: 1176
Merit: 1010
Borsche
September 15, 2011, 03:42:48 AM
#8
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.
full member
Activity: 184
Merit: 100
September 15, 2011, 01:44:56 AM
#7
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 ?
full member
Activity: 184
Merit: 100
September 15, 2011, 01:28:53 AM
#6
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!
legendary
Activity: 1692
Merit: 1018
September 15, 2011, 01:00:47 AM
#5
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.
full member
Activity: 174
Merit: 100
September 15, 2011, 12:56:18 AM
#4
quick survey!

does anyone think he didn't know the answer before he created the thread?

get your votes in!  Wink
legendary
Activity: 2072
Merit: 1001
September 15, 2011, 12:54:44 AM
#3
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.
hero member
Activity: 602
Merit: 500
September 15, 2011, 12:52:47 AM
#2
haha, its like a cult here, you have to be a bitcoin fan or be put on the stake.
full member
Activity: 184
Merit: 100
September 15, 2011, 12:45:52 AM
#1
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!!)   Cheesy.


Thanks!
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