DEAD CAT BOUNCE?

in #cryptocurrency8 years ago (edited)

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you have to let it all go
fear
doubt
and disbelief

free your mind...

hmm here's something I found interesting and it is about the definition of a dead cat bounce which is a temporary recovery from a prolonged decline for bear market that is followed by the continuation of the down trend

The name dead cat bounce is based on the notion that even a dead cat will bounce if it falls for far enough and fast enough, kinda like Morpheus...

anyway...

what's going to recover the hardest?

Great question... historically the answer has been the coins that have fallen the hardest because they bounced like a cat ...no, well... it's because...basically... they're the cheapest and they look great for investors and technical analysts
Not like I'm telling you to buy any of these coins, I don't know, maybe...

Let me just tell you the coins and my reasoning of them...
This week's biggest loser by around 42% in just one week is Nano, this comes despite Charlie's endorsement

They couldn't resist the market sell-off, nothing could realistically

Tron hasn't really been able to recover from the massive negative backlash it received whether or not is justified is up to you to decide
This week they have announced strategic partnerships with travel industry as well as another partnership been announced this week with a gaming platform and on top of this the main net launch was accelerated but despite all that Tron has fallen to new lows since a long time

Lastly Icon was officially February's biggest loser out of the top cryptos and it isn't having a great March either
It is at its lowest level since December, would you believe it?

So all of these coins could feasibly see a minor corrective rally, we've seen it time and time again

No coin is going to the moon in this market I'm like 99% sure of that!

but should the market as a whole recover then expect the cat to bounce and fly over the moon like Morpheus

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The richest cat is Blackie who was left £15 million by his owner, Ben Rea.

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