Too soon for these?
We have liftoff!
Be careful, I've seen plenty of rockets crash midway through. As long as we don't break the weekly trend I won't be confident.
I am going to presume that you are referring to bitcoin rockets, correct?
Personally, it seems to me that in bitcoin we experience a lot of false take offs, but in the whole scheme of things, we are not really experiencing mid-way crashes. I suppose how it is described remains a matter of perspective, and if you look at the longer projection, we don't really have crash and burns in bitcoin, but we do have extended periods of price correction that causes a lot of questioning about when or if there is going to be another rocket.
In other words, rockets are rare, but they are BIG, even though we have a whole hell of a lot of ongoing correction that causes folks to wonder how much they have profited from the rockets (which they are likely ONLY to be able to profit if they are largely HODLing through the UPS and the DOWNS).
Right now, we remain in the 60% to 70% price correction range, yet even if we get another 50% or so correction from here (down to the $3k range), which is seeming more and more unlikely (absent some really devastating bad BTC news) with the passage of consolidation time), which would bring BTC prices into about an 85% correction range, but even if that 85% correction were to happen (let's say $3k-ish), BTC prices would still remain about 12x higher than they were during the vast majority of the low for the 2014-2015 price consolidation period. Hard to characterize that as a crash, exactly, even though it is easy to identify a whole hell-of-a-lot of false starts within various times in bitcoin.
By the way, we could go back even further in BTC history, before 2013, and find additional upsurges and meaningful BTC price corrections that just continued to advance BTC upwards, especially if you largely attempted to accumulate BTC and were able to hold more than 3 years through the sometimes seemingly extended price valleys.
