Post
Topic
Board Trading Discussion
Re: Crash recoveries are not moons
by
Asawakobana2017
on 30/07/2018, 18:34:27 UTC
It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.
This sounds really reasonable and quite obvious for me, we need to understand that moon is the highest position from all the times, and when Ethereum, for example was $900 and not it goes to $800 it is definitely not the moon.
Yes I agree on that moon is really different from recovering from the huge dip. Moon is really in a very high status of the price and it will maybe the best price. Maybe we can go to the moon but not today. I believe that bitcoin has really a big capability to go moon but maybe it takes a lot of time specially we are now at the down trend status which is good for buying more btc.