Dead Cat Bounce

[tokeweed]

In finance, a dead cat bounce is a small, brief recovery in the price of a declining stock/commodity/currency.  Derived from the idea that "even a dead cat will bounce if it falls from a great height", the phrase, which originated on Wall Street, is also popularly applied to any case where a subject experiences a brief resurgence during or following a severe decline.

https://en.m.wikipedia.org/wiki/Dead_cat_bounce

[suda123]

In finance, a dead cat bounce is a small, brief recovery in the price of a declining stock/commodity/currency.  Derived from the idea that "even a dead cat will bounce if it falls from a great height", the phrase, which originated on Wall Street, is also popularly applied to any case where a subject experiences a brief resurgence during or following a severe decline.

https://en.m.wikipedia.org/wiki/Dead_cat_bounce

looks like it

[cooldgamer]

It appears to be one.  I think we'll be correcting somewhere around 385 after the big fall from the other day.  It's still an increase from where we started after the early November crash, but we started to get too ahead of ourselves and the Hearn news was the straw that made the correction start

[NorrisK]

The pump to 410 was just a bit too big and I expect it to be nothing more than a correction for that.

The ascend will start again and we may end January above 400 nonetheless.

[Amph]

we can not really talk about dead cat bounce after a fake dump driven by a statement and some coins dumped because of thief

as i see it this is a double correction of the price waiting for stabilize again at a precise value

[oblomov]

BTC was due for a significant correction.  Corrections typically go deeper than fair value.

That said, the Hearn-driven selloff was a bit of an over-reaction.

Some  of the selloff in BTC was due to timing.  It came in the midst of a global flight from risky assets, including risk-on currencies such as AUD, CAD, and NZD.

Although BTC sometime acts as a safe haven, it is at times correlated with other asset classes.  At this point, BTC has a positive correlation with risk assets.

Based on what I'm watching, the bounce in the risk-on currencies could be a dead cat bounce.  If not, then BTC should rally along with them.

[MatTheCat]

we can not really talk about dead cat bounce after a fake dump driven by a statement and some coins dumped because of thief

as i see it this is a double correction of the price waiting for stabilize again at a precise value

And oh
how you lied and oh how I cried

All through the night
all through the night.
Should've known you'd be the same I guess
I'm the one to blame

Will it ever change
nothing ever changes.

The record keeps spinning
baby
round and round
. .
It's like a broken record
broken record
broken record
broken record

Broken record
broken record
broken record
broken record.


Enjoy:

https://www.youtube.com/watch?v=jMItyQIFp58

[1Referee]

It was an expected drop as the support around the $400 price level was too weak to hold. I think we'll sit around $380-$420 for at least a week or two.

[tokeweed]

It was an expected drop as the support around the $400 price level was too weak to hold. I think we'll sit around $380-$420 for at least a week or two.

Then what?  Continue to slide down or do the Chinese pumpers come back?

[MatTheCat]

This market really is fucking ridiculous.

Last week, Bitcoin was trading at $352, but by the end of the day, it was trading at $390.

4 days later, or 2 days ago, Bitcoin was trading at $428.

Today, it is trading back at $390.


V tops and V bottoms. Looks to me, that this whipsaw, was no more than a violent reaction against the prevaling trend which had over stretched itself.


Would be fucking loving this if I was able to get any good trades away, and whilst I know of folks who are trading well in both directions, I imagine the volatility and lack of retests is proving a little too nippy for the majority. I imagine the majority here are getting wiped out left right n centre here.

What about all those momentum chasers on the break of $390?

They cashed out yet?

NO!

 

[tokeweed]

This market really is fucking ridiculous.

Last week, Bitcoin was trading at $352, but by the end of the day, it was trading at $390.

4 days later, or 2 days ago, Bitcoin was trading at $428.

Today, it is trading back at $390.


V tops and V bottoms. Looks to me, that this whipsaw, was no more than a violent reaction against the prevaling trend which had over stretched itself.


Would be fucking loving this if I was able to get any good trades away, and whilst I know of folks who are trading well in both directions, I imagine the volatility and lack of retests is proving a little too nippy for the majority. I imagine the majority here are getting wiped out left right n centre here.

What about all those momentum chasers on the break of $390?

They cashed out yet?

NO!

 

So...  Did you vote yes or no? 

[bitlancr]

Seems like it is a dead cat bounce. It also looks like bitcoin has been going back down under $400 these last couple of hours.
I was hoping for bitcoin to stay up there until the end of the month. But who knows what will happen. For now it seems like $400 is too weak to support bitcoin.

[MatTheCat]

Seems like it is a dead cat bounce. It also looks like bitcoin has been going back down under $400 these last couple of hours.
I was hoping for bitcoin to stay up there until the end of the month. But who knows what will happen. For now it seems like $400 is too weak to support bitcoin.

But the dead cat can bounce many times.....just wait on the FU move up to $435.......Wipe out all the shorts before coming back down. Mr Bitcoin doesn't like the public getting in on his manipulations.

[g-unit]

we can not really talk about dead cat bounce after a fake dump driven by a statement and some coins dumped because of thief

as i see it this is a double correction of the price waiting for stabilize again at a precise value

What thief dumping coins? Coins stolen from cryptsy?

[RodeoX]

Your definition forgot to mention that the cat must die. Stocks die when underfunded, bitcoin does not. If you want to determine if this is a dead cat bounce then you are going to have to wait until bitcoin is dead, as it can only be defined in retrospect.

P.s. I have not tested this, but I assume that live cats also bounce.

[Amph]

we can not really talk about dead cat bounce after a fake dump driven by a statement and some coins dumped because of thief

as i see it this is a double correction of the price waiting for stabilize again at a precise value

What thief dumping coins? Coins stolen from cryptsy?

yeah presumably, but it seems that he did not dumped anything, because they have retrieved those coins, and the thief was caught? i did not follow the whole drama

[MatTheCat]

we can not really talk about dead cat bounce after a fake dump driven by a statement and some coins dumped because of thief

as i see it this is a double correction of the price waiting for stabilize again at a precise value

What thief dumping coins? Coins stolen from cryptsy?

Yeah...coins stolen from Crypsy fucking ages ago, but the announcement from Cryptsy that this was the case is recent news.

Maybe the theif has cashed them out, maybe he hasn't. Maybe he has cashed some of them out, maybe he has cashed all of them out.

[spazzdla]

It appears to be one.  I think we'll be correcting somewhere around 385 after the big fall from the other day.  It's still an increase from where we started after the early November crash, but we started to get too ahead of ourselves and the Hearn news was the straw that made the correction start

He is implying we are going to like $20 a Bitcoin.

Ya, no.

[Astargath]

If you look at the charts without any context, it definitely looks like a dead cat bounce however if you know what happened in the bitcoin community you will realize that the dump was stupid to begin with and bitcoin was on the uptrend the last year

[gkv9]

Dead, or do you mean to say that either Bitcoins are gonna die or something's gonna kill it, right???

This doesn't look like it, as it is just panic selling by whales just to buy coins for cheaper, maybe because they are preparing for some big pumps that we are going to witness soon...