Post
Topic
Board Trading Discussion
Re: Crash recoveries are not moons
by
StarofBTC
on 28/08/2018, 07:41:21 UTC
I think you're wrong. Crash recoveries are somewhat great and from crash, there goes a big pump. Just like what bitcoin did last time, last December apparently. It's a great recovery right? And bitcoin mooned, no doubt about it.
Pumps do not happen all of a sudden after a crash, we still always get to see some little bit of consolidation, a movement in the upward direction and then possible level of moons. A lot of people always believe that as long as the market starts correcting upward in the short term, the market is set to start a bull run but it never happens this way and they easily get frustrated.

Last December that you referred to was a bull year and a year with an uptrend higher highs and lows), it is the opposite we have this year and I would be very careful not mixing things up.