MultiversX Tracker is Live!

Beware of the dead cat bounce

All Cryptocurrencies

by COINS NEWS 220 Views

You may be thinking of going in all right now? Market is rebounding right?

Fuck no. (maybe)

A dead cat bounce is a temporary, short-lived recovery of asset prices from a prolonged decline or a bear market that is followed by the continuation of the downtrend. Frequently, downtrends are interrupted by brief periods of recovery—or small rallies—during which prices temporarily rise.

Check the chart for March 18th, 2020. You can see a dead cat bounce a few days prior to a real crash that we know of.

So my financial is advice (not a financial advice) is DCA slowly or wait a day or two to see the true heading of this run.

submitted by /u/Underrated321
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments