Post
Topic
Board Trading Discussion
Re: Crash recoveries are not moons
by
BitcoinTurk
on 08/09/2018, 13:59:58 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 certainly true, but I would like to remind you that for those investors who have invested in bottom-line, these rises may also be considered as a new peak. Of course, in general terms, and throughout the entire history, if you need to examine the rise of the present day is not much benefit, and every rise is only one price regulation is not to forget. Nevertheless, as I have pointed out in the previous passage, if I approach it individually, these correction or peak points will differ completely from the user to the user. But there is also a fact that when every ascension period comes, people are making bullshit analysis charts showing the new peak points at the end of the bull period. Unfortunately, we can see the most well-known types we have encountered everywhere in this sector.