Post
Topic
Board Speculation
Re: Easter 2018 correction is NORMAL - if it stays above 5800
by
Febo
on 06/04/2018, 20:21:51 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.


what does that mean by 'a dead cat' ?


Dead Cat Bounce: This is a temporary recovery from a prolonged decline or a bear market that is followed by the continuation of the downtrend.


Seems you dont fully understand what Dead Cat Bounce means. But i guess it is used similar as you understand it to many times in crypto talks.   Main point of dead cat bounce is in the word dead. The cat is dead, but it still does bouncing.  So even when something is totally broken, like was Bitconect. Some regulators broke ponzi scheme in the Bitcoinect and what was left was just another non developed bitcoin clone.  So even then, there are some retracements or bounces, that looks like it will recover.  But it never does. Dead Cat Bounce means that will never recover. It is dead, just temporarily still looks alive.