Post
Topic
Board Trading Discussion
Re: Crash recoveries are not moons
by
hubballi
on 18/08/2018, 11:29:47 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 is quite obvious but anyway there are many people who would think that we are finally recovering, when it is just a small up -ish minutes, that will be ended and just there are not worthy of paying attention.
Actually this is just some kind of a fighting spirit for those who believe that market will recover soon.
It's actually a small increase after the crash but as long as there is an increase, there is always a chance that it will fully recover.
All we want to see is just to break the all time high which we are expecting will happen this year.

But today you can see market on all altcoins is recovering good but still cannot say whether this recovery is for long time or it is a trap for traders to buy now and market goes back to selling mode.