Crash recoveries are not moons

[OriginTrain]

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.

[atrocityx]

Are you just going off of the premise that huge red candles recovering slowly is just painting bear flags that lead to another fall?  The problem is nothing is acting normal.  These bart candle patterns are just signs of manipulation of large holders counter trading the masses and pushing through everyone's stops on margin.  It seems more reasonable at this point to predict the exact opposite of what is supposed to happen as the newfound result. 

Back to your point though people are definitely trying to create a positive vibe and sort of wishing well it into existence because they want the bleeding to stop.  In reality though we're definitely in a "dumb zone" of trading where Bitcoin has to decide whether its gonna break over 6800 and start working on the 7200 resistance or if we're going to go down and test 5k (or 4.5k).  I do believe we are nearing an end simply because things are behaving very strangely.. and I'm getting the sense that someone knows something behind the scenes and there is one last accumulation run before the big blast off (but I'm also ready for the bearish pessimistic case that maybe we go and retest 4.5k first and enter a long consolidation period).

There's just not enough information and there are mixed signals no matter how you break it down.  I think everyone should just wait for bitcoin (or its manipulators) to decide, and in the meantime don't be taking too many alt positions until we know for sure a cycle is gonna get started up and for sure don't be trading on margin (Bots are sniffing out your stop  information, and will take you out of the game in a one minute candle).

Trade safe guys and be patient, don't look for what isn't there like OP says.  Bulls are coming in due time.

[davis196]

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.

Why not?1 or 2% recoveries of the market prices are a good sign,if they are consistent and continue for 2-3 weeks.The problem is that I don`t see such consistency.The markets will continue to stagnate and there won`t be any steady bullish trend this year.The patient HODLers will be rewarded for their patience,anyone ,who is waiting for fast profits will lose in the end.

[blink20]

recovery is still a recovery no matter how low it was. Because right now we got red market. Be considerate and hodl.

[rommelzkie]

You are correct about that. We encountered very strong bear candle and yet the bulls cannot overcome or reverse this process in an instant. This is a sign of Strong Bear Movement and Weak Bull recovery.

It is advisable to wait for more days because there is a chance the bitcoin will break the 6,000 price level and reach a new lower low. Im expecting bitcoin to reach 4,000 - 5,000 price before it bounces back again.

[TheUltraElite]

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.

Well its not a moon correct. But it shows the recovery is happening rather than a bigger dump. What better can you expect when there is a large number of panic sellers and young blood who dont understand a thing about trading and when to buy or when to sell?

These noobs bounty bitcoin probably by mortgaging their houses at 20k USD and are now crying that prices dropped. It was their fault and now they have to suffer because of their ignorance.

Still signs of recovery is a good thing in the market. We can expect a bull run to start soon this weekend.

[stadus]

You are correct about that. We encountered very strong bear candle and yet the bulls cannot overcome or reverse this process in an instant. This is a sign of Strong Bear Movement and Weak Bull recovery.

It is advisable to wait for more days because there is a chance the bitcoin will break the 6,000 price level and reach a new lower low. Im expecting bitcoin to reach 4,000 - 5,000 price before it bounces back again.

That should not happen, we still have strong support at $6K and we should see a bull run starting with the current price.
It will discourage people if the price will even go lower, the market has been at dump for 5 months already, we should see some good signs to make this pump.

[anitaraymonds]

It is a minute compare to what was loss within the last one week. If the percentage recovery of 1-2%  will be sustained then we are on the way of recovery. Let see what will happen in the coming days.

[pandanaran]

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.

Why are you irritated? 1-2% recovery is a good sign at least the red line does not continue, everyone can argue here. At least they bring positive things in the market, even though it's a small thing, after all many of us have their own opinions and analysis, do you is often get stuck in something like this, that is where it bit rise but the next day it falls bigger?

[Tankdestroyer]

We can expect a bull run to start soon this weekend.

Don't expect too much for that bull run, IMO market right now is in an uncertain state wherein it can be bullish or bearish and those movements can be ascertained only from news tomorrow or not at all.

1-2% recovery is a good sign at least the red line does not continue, everyone can argue here.

1-2% recovery is not a good sign at all if it is not happening continuously to make price rise steadily. Nevertheless, I do agree that it is better than seeing a constant drop in price.

[Cript-on.it]

Recoveries are always good, but you recovery when you get to former situation. If market loses 20%, then only a +25% will be a recovery.
i don't say it's impossibile, i say it requires time, trust and good news toghether with good lont term prospectives.

[hugeblack]

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 are a good sign for the market. It's not.

If you are not patient, you will not get any gain from cryptos.
And I agree with you, color controls the feelings of many, based on it, the decision to buy and buy and this is not true
This climb/dump, if boosted by the optimistic news, would be a good sign for the best selling/buying point.

[adzino]

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.

20% fall after a 200% abnormal rise is not considered as a crash. We are still considered to be green/up. Those fall might be considered as price "correction". Steady rise of price after a correction is not actually a recovery of a price rather increase of its actual value. And why do you think those 1% and 2% daily recovery is not good for the market?

[Malaya]

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.

Yeah, correct. It's not always moon but somehow, it also doesnt mean it's forever dump. We can see that the market is recovering bit by bit. It's part of the crypto world, pump and dump. It needs a lot of patience to gain profit. You must earn it. If you don't have patience and trust that it recover, then you will definitely lose.

[Script3d]

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.

20% fall after a 200% abnormal rise is not considered as a crash. We are still considered to be green/up. Those fall might be considered as price "correction". Steady rise of price after a correction is not actually a recovery of a price rather increase of its actual value. And why do you think those 1% and 2% daily recovery is not good for the market?

only to those people who bought at lower price is still up those people who bought at 20k are dead right now. maybe he thinks 10% increase everyday is the good one for the market. i dont know why people getting worried about 20% lose in a single day we should start worry if its happening everyday.

[kevoh]

recovery is still a recovery no matter how low it was. Because right now we got red market. Be considerate and hodl.

No one is in doubt of what a recovery is! What the OP is clearly stating that crash recoveries are not moon! You do understand what the term ''Moon'' is? For the sake of clarity, ''Moon or to the Moon'' is just an extreme spike in a cryptocurrency price. Bitcoin falling from $8000 to $6300 and then later pushes back to $6700 is not mooning! It is basically recovery!

[tomahawk9]

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.

Some people are just trying to spread a positive sentiment rather than a pessimistic point of view. Daily recoveries, no matter how small they are, are always welcomed in a market surrounded by a bearish sentiment. Sure, they won't trigger a bull market nor the price is gonna moon, but they can help shift the overall sentiment little by little. Also, the majority of people likes to see green candles, and given how this is a market driven by emotion, these positive numbers could help stop any further dumps from panic sellers/weak hands as they begin to see small recoveries.

[Pursuer]

the topics here and mostly in the altcoin board are made for hyping purposes nothing more. and most of the times they are always created by some bag holder who has been tightly holding on to some altcoin that has been constantly losing value so now that the price has turned green a tiny bit they think they can hype it up by a simple comment enough so that they can dump and get rid of it.

the fact is all of them will panic sell soon when the dumps start again and they lose another  chunk of their money.

[gabmen]

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.

Why not?1 or 2% recoveries of the market prices are a good sign,if they are consistent and continue for 2-3 weeks.The problem is that I don`t see such consistency.The markets will continue to stagnate and there won`t be any steady bullish trend this year.The patient HODLers will be rewarded for their patience,anyone ,who is waiting for fast profits will lose in the end.

Good sign for the market recovery? Yes. Mooning? Definitely not. A good example of mooning is what happened last december and that's way different from a few percentage recovery. Though we can't complain now for these small recoveries since the market is been battered this year by the bears.

[cydrix]

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.

Yeah it can still recover only if they have a reliable team to operate so many things efficiently. It depends on the operating team how they work on their coin. A coin will not introduce itself so yeah it's common sense to rely on an effective team in command.