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Author Topic: Huh Sudden Increase??  (Read 31 times)
CryptGuardian
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January 16, 2018, 10:43:06 PM
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Just saw a sudden big increase? Did anyuone else notice?
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January 16, 2018, 10:52:38 PM
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That could be as they say a 'dead cat bounce', a temporary recovery caused by for example shorters closing their positions by buying or investors believing the bottom has been reached.

Another phenomenon is a 'bull trap', which is intended to lure investors into a long position after which the price continues to drop.

The best possibility would be an event that invalidates the reason for the price decrease,  like the Chinese government denying the rumors about a complete ban on cryptocurrencies.
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