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Beware of the dead cat bounce

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by COINS NEWS 210 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
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