And now - the sucker's rally

[GotBitCoins]

Everything is by the book....

But then it shall drop and shall become under-valued for a while - let's say 10$ ??

Yep everything is by the book, capitulation now, maybe even panic, now we shall perhaps see a short lived rally and then down, down to the despair level...

GotBitCoins.

[1714861831]

1714861831

[1714861831]

1714861831

[1714861831]

1714861831

[1714861831]

1714861831

[ElectricMucus]

Where is the suckers rally this time, it's been like 3 days and we haven't bounced yet.

[SlipperySlope]

Where is the suckers rally this time, it's been like 3 days and we haven't bounced yet.

Each rally has been stopped or beaten back by very large sell orders. You can see the eagerness of the buyers, but large bids near the current price get eaten too. One could expect a stronger rally following a further very sharp spike down, e.g. seller exhaustion.

I agree with your sucker's rally characterization. We may be too far along in the bubble collapse for a strong bounce off this plunge.

[cbeast]

Where is the suckers rally this time, it's been like 3 days and we haven't bounced yet.

The three-day-bounce is about due one way or another. The resistance to the plunge is good though. Within three more days we should see the upswing come back when the sellers feel more secure.