Are the markets recovering, or is it a bull trap in preparation?
We see green across the board again, people start breathing again, and pump money again in all kind of coins.
However, as market history has told as at least over the last 3 years, exactly the same pattern happened every January when we look back. Not so easily identifiable in the charts as these movements are too small from todays perspective, but you can zoom in and look into details. Coinmarketcap is good for that.
And here comes a big read sign of warning. The markets did not only recover fast, right as we see now. That was also followed by a second wave of massive sell offs, also called a bull trap.
So, be very careful what next you do with your money, better don't put all on one horse again. Opportunity will show itself in the next week or two when this second wave, so it comes, is over. Never catch a falling knife, even when it bounces back shortly.
(pic:andlil, coinmarketcap)