Crash recoveries are not moons

[rainezerr401]

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.

The market is based on supply and demand so obviously you will not determine if the market is going to pump up just like what happen before and you really need to be patient to earn profit.

[fullhdpixel]

think more calmly, when whale tries to push the market to fall, what exactly do they want? of course they want to buy lots of coins they are looking for, the rest they will definitely make the market rise because they also need to sell, that's when we will also sell.

Actually, I prefer to follow the market rules. When I see that the cryptos are down, I continue to hold the altcoins and Bitcoins. When the cryptos are going to the Moon, I sell them.

This is more like you buying when everyone is selling and then selling when everyone is buying. It is a simple trick that works most of the time when it comes to buying the FUD and selling the FOMO. Market will always have a change in trend, no matter what and as much as it goes up, it will definitely get stretched to a point that reversal will be necessary.

If people do not understand this by now, they will keep fuelling themselves with reasons to be getting worried unnecessarily and calling moon even when the market is just trying to go through an upward correction.

[drmasa]

Now we have 20% rise back in market. Alts are finally stop bleeding and actually are green for days. Its not moon but we are at least back on the course to it!

[katuhakuh]

Yes, I like how they regard it as a good sign. That means they are still optimistic about the cryptocurrancy market but we must remember that many of us will be patient and will win in the end.

[markint]

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.

It is to be expected that in these times of uncertainty and hopelessness, people are permanently waiting for any sign, however minimal, to grasp it as a lifeline. The downside of this trend is that people tend to lose market perspective from a broader point of view; if all those who preach that "the market is about to moon again" give themselves the opportunity to observe the historical behavior of bitcoin, they will discover that the big pumps are isolated events that have only happened a few times, so they would think about it twice before trumpeting their overconfidence.

[Jateng]

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.

Even though the rate of increase is big or small, for it is still a good thing. It is still better than seeing a multiple crash. The 2% daily recovery is 60% recovery after 30 days. Not bad right ? Things like for example recovery is not always that instant. "Step by Step" . The important thing is that it rising not falling.

[clarkgeneral86]

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.

I also think like you the current price is too low and not attract many investors. This in my opinion probably needs more time. And our expectations are likely to exceed $ 6,299. And when will this sign of return be better this year?

[lamadu3]

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.

I also think like you the current price is too low and not attract many investors. This in my opinion probably needs more time. And our expectations are likely to exceed $ 6,299. And when will this sign of return be better this year?

Vice versa. Many investors now are attracted exactly by the low prices of the cryptocurrencies. They are eager to buy altcoins and Bitcoins when they are rather cheap. They know, it will give them good money soon.

[Wall_Streeet]

no, of course, the trend is always caught not immediately, but at the time of the trend formation and growth of about 10%. so do not try to catch the trend, it's unrealistic

[FastSlots]

Yeah, you are right. People are just being crazy to see a pumping price. After 50% crashing, if the crypto market gets a little up, they start making posts that is it the sign of the bull market?  This thing happened several times in every month! The reality is different, The crypto bull market is not too easy, it's like a result of pursuit.

[nur rochid]

no, of course, the trend is always caught not immediately, but at the time of the trend formation and growth of about 10%. so do not try to catch the trend, it's unrealistic

I've been using trend line as a reference, but news is taken into account. without a trend line I can't determine support or resistance. and this means i still believe in trend to determine attitude

[RadjorBlade]

Yes, I like how they regard it as a good sign. That means they are still optimistic about the cryptocurrancy market but we must remember that many of us will be patient and will win in the end.

For price recovery, time is needed according to market conditions. When the market goes well, prices will rise soon, but when the market response is negative the prices will stagnate or tend to decline. But this is something normal in business, because prices are determined by the mechanism of buying and selling, namely the supply and demand by market participants.

[metribitcoin]

We can recover loss 20% or more when the market sideaway or low volatility by doing day trading and take profit each 5% to 10% for every trade. There are no any signal the crypto market will back to bull run and its seems will start late. So we have to do day trading by take smaller profit and use stop loss. In this situation of market possible to make more than 30% amonth, so we have to more focus in day trading.