Post
Topic
Board Speculation
Re: Easter 2018 correction is NORMAL - if it stays above 5800
by
Baofeng
on 01/04/2018, 21:15:22 UTC
So far, we are repeating 2014 very closely.

A dead cat bounce to 11k starting in April off the 6kish area and ending by the beginning of June would fit this perfectly.



Hmm. Nice theory but we need to wait and see how it goes. Bitcoin has been said many times that its either in a bull trap or dead cat bounce but it has been proven wrong. We have double bottom already, so it makes sense if a bounce is imminent. Its early to say that we are bouncing to $11K in April or we are going to see it plummet even deeper. So even in this crisis, I'm fairly optimistic that we can recover but I don't see it repeating the 2014 debacle of mostly bearish trend.