Are we in a bear trap? - page 5. | Bitcointalksearch.org

Hamphser

sr. member

Activity: 2506

Merit: 328

Quote from: freedomgo on November 29, 2021, 01:52:18 PM

Quote from: Sebas.tian on November 29, 2021, 04:52:36 AM

The way bitcoin and other altcoins are reducing in the market, it will be better to hold and watch very well not to fall into failure at this season. Any trader who can bear in this season we are, will really enjoy when the price of bitcoin increase to $60k. Now that we are approaching end of the year where many investors are waiting for the market to change for their favour before they can supply to market for profit making.
What happened 2020 where altcoin price continue to reduce till the end of the year before it start increasing for their customers to achieve their goals will not happen this year. Altcoin price will definitely rise for investors to make a good profit before the end of the year 2021.

There's no better way to deal with the current market condition but to continue hodling our coins as the market will eventually recover once this healthy correction is over. For now, we can take advantage of the crypto coins low prices and buy those potential coins as much as we can because once the market will be bullish again, then we will experience riding with this bullish season and eventually make small profits if we start investing it today. I cannot say that we are in a bear trap, its not yet bearish season, what we have is just a normal correction.

Hold and sell according into your own decisions because we know that this isnt something that can be predicted and this market is always been like this and theres no way

for you to determine whether we are on a bear or bull trap or something like that which what make it more hard to guess and speculate and this is where

own analysis do make the play and each of us does have its own way on playing out these price movements.

Huppercase

hero member

Activity: 784

Merit: 517

Quote from: STT on November 29, 2021, 03:26:44 AM

Trading wise reversing a breakout and failing to hold that is surely a bearish sign. Is the market overall in a bear trap is not correct just from that move, all the long term averages are moving upwards with good reason we've spent most of the year accumulating and nothing has mitigated that especially so far in volume terms etc. Caution while we remain below 50 day average

I'm not Thomas but I doubt if BTC will go any down further as it dip back in some days ago as many consider as black Friday. It doesn't worry me any longer when I see bitcoin price going down because it has and always bounce back. It's just the whale doing their thing and taking profit and buy back when they see the opportunity.
I feel sad when I see btc fall in price and don't usually have the money to buy at lower price.

freedomgo

legendary

Activity: 3080

Merit: 1144

Quote from: Sebas.tian on November 29, 2021, 04:52:36 AM

The way bitcoin and other altcoins are reducing in the market, it will be better to hold and watch very well not to fall into failure at this season. Any trader who can bear in this season we are, will really enjoy when the price of bitcoin increase to $60k. Now that we are approaching end of the year where many investors are waiting for the market to change for their favour before they can supply to market for profit making.
What happened 2020 where altcoin price continue to reduce till the end of the year before it start increasing for their customers to achieve their goals will not happen this year. Altcoin price will definitely rise for investors to make a good profit before the end of the year 2021.

There's no better way to deal with the current market condition but to continue hodling our coins as the market will eventually recover once this healthy correction is over. For now, we can take advantage of the crypto coins low prices and buy those potential coins as much as we can because once the market will be bullish again, then we will experience riding with this bullish season and eventually make small profits if we start investing it today. I cannot say that we are in a bear trap, its not yet bearish season, what we have is just a normal correction.

savetheFORUM

full member

Activity: 1050

Merit: 140

Quote from: Sebas.tian on November 29, 2021, 04:52:36 AM

The way bitcoin and other altcoins are reducing in the market, it will be better to hold and watch very well not to fall into failure at this season. Any trader who can bear in this season we are, will really enjoy when the price of bitcoin increase to $60k. Now that we are approaching end of the year where many investors are waiting for the market to change for their favour before they can supply to market for profit making.
What happened 2020 where altcoin price continue to reduce till the end of the year before it start increasing for their customers to achieve their goals will not happen this year. Altcoin price will definitely rise for investors to make a good profit before the end of the year 2021.

I believe that with just 1 month left, we may not have something substantial. I am not saying it will go up or down but whatever happens will not be a huge one for sure. If we go up, I do not see bitcoin being 100k, or anything close, maybe 70k at the very best but I even doubt that, somewhere between 65-70k is the best I could see it happening.

I also see that bitcoin could be dropping to a bit under 50k if it goes down like this, but won't be going under 40k neither. So all in all I assume that it will be a mild month ahead now. Sure something unexpected could happen and prices could change like crazy, specially if we get a news about it that pumps it or dumps it, but I won't make investments based on potential news.

Sebas.tian

full member

Activity: 2016

Merit: 156

The way bitcoin and other altcoins are reducing in the market, it will be better to hold and watch very well not to fall into failure at this season. Any trader who can bear in this season we are, will really enjoy when the price of bitcoin increase to $60k. Now that we are approaching end of the year where many investors are waiting for the market to change for their favour before they can supply to market for profit making.
What happened 2020 where altcoin price continue to reduce till the end of the year before it start increasing for their customers to achieve their goals will not happen this year. Altcoin price will definitely rise for investors to make a good profit before the end of the year 2021.

Wawa2013

sr. member

Activity: 1666

Merit: 267

Quote from: Golftech on November 29, 2021, 12:20:17 AM

Quote from: LUCKMCFLY on November 28, 2021, 08:07:19 AM

Yes, I clearly remember as if it were yesterday, however there is an explanation for it, as I understand the market has to fulfill two phases, the Accumulation phase and the Distribution Phase, in 2017-2018 the accumulation phase occurred from the year 2014 to 2017, then the bullish trend emerged, and from there came everything that has to do with the Distribution stage, which is when the whales or the rich decide to start selling, and this is the distribution that consists of the expensive sale of shares or in this case BTC to those who do not know anything about the market, because many bought at $ 20k when they thought it would go up to $ 50k, and this is explained very well by Wyckoff's theory, which was what helped me the most to understand it everything.

You need to have deeper understanding in order to decide and invest appropriately, it's not just buy the hypes and sell

when downfall takes place, you are wasting not only your money but most of your time. Knowing the grounds is important

inside this industry, bear and bull need to be reviewed very well before concluding or deciding your side.

Assess and observe every information that you gathered. Not everything is for real. Most are just for hypes or to drag down

the market know to balance your decision making.

To become successful investors, we must be able to do research and analyze well. That's to predict where the market will move, so we can make
the right decisions. Many investors are panicking to see the decline in crypto prices now, but if we understand how the crypto world works,
the downturn that is happening now is normal and we don't need to panic. Because the crypto market is very volatile, so when the price has gone up
very high, then now is the moment where there is a correction. So we should take steps to buy potential coins now, and don't sell coins when
the market is down like now. Based on the analysis I did and from some of the information I gathered, it is possible that near the end of the year
the market will be bullish again. Even for some coins it is possible to reach new ATH, so be patient holding the coins we have now, if we don't have
money to buy coins again.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: breathlessz on November 29, 2021, 01:33:56 AM

we all can only predict by approximation, and for the reality then we can only wait. no one knows exactly where the market will go until the end of this year, considering that many believe that a bull market will occur at the end of the year. with the spread of trust like this, hopefully it will lead traders' opinions to buy simultaneously at the end of the year

If bitcoin can sustain the $57k level and even get up to the higher price, we will not see a bear trap instead, we will see the bull trend comes again after waiting for some time. But as we do not know what will happen to bitcoin as we see the price is down for a small price, it can go back to the $56k range in these two days but we have more chances to see the price will increase more in the next months. But we already make a nice profit right now if we bought bitcoin below $56k and hold until now because the price can increase more than $2k, which means we can take profit.

STT

legendary

Activity: 3878

Merit: 1411

Leading Crypto Sports Betting & Casino Platform

Trading wise reversing a breakout and failing to hold that is surely a bearish sign. Is the market overall in a bear trap is not correct just from that move, all the long term averages are moving upwards with good reason we've spent most of the year accumulating and nothing has mitigated that especially so far in volume terms etc. Caution while we remain below 50 day average

Obito

sr. member

Activity: 1274

Merit: 293

The price is still going down if not it's hovering around 57k so we still have the opportunity to buy at this point or we could wait for it to go down further, it seems that the customers of Mt. Gox that have their bitcoins returned never affected the market too much. Hopefully I have a lot of money when the price goes down even further.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

Call your grandparents and tell them you love them

Quote from: breathlessz on November 29, 2021, 01:33:56 AM

we all can only predict by approximation, and for the reality then we can only wait. no one knows exactly where the market will go until the end of this year, considering that many believe that a bull market will occur at the end of the year. with the spread of trust like this, hopefully it will lead traders' opinions to buy simultaneously at the end of the year

End of the year usually sees a mix of bear>bull. Holidays are the time people spend for gifts and buy stuff they would need for the winters before the new year sets in.

Current price shows bitcoin at 57k, this shows there is an oscillation between 60k-54k USD happening and therefore the prices lower than 54k should be bought and over-bought at. If you are looking for a quick flip, this is the chance.

What will really happen in the year end, nobody can predict, but with the new cryptocurrency bill coming in India, some hopeful light is showing up regarding regulation - dont fall for the knee-jerk response of bearish which comes after the bill gets introduced, the long term effect will be positive.

breathlessz

member

Activity: 770

Merit: 12

Trphy.io

Quote from: savetheFORUM on November 28, 2021, 01:25:19 PM

Quote from: beerlover on November 22, 2021, 11:29:32 AM

I hope that the price rises through 60k again and this time around I am expecting 70k to come.

So far what has been the actions you have decided to take? The market has still remained at this same level of $54k - $55k and nobody can tell whether it is going to recover or not. We are just a few days to December and the market is not yet bullish. Analysis that I have seen so far are not really helping at all, it shows that no one really knows where we are heading to from here.

The market rose to almost $60k price some days past, and we all thought - that was it, it’s finally going to cross the $60,000 mark again – unfortunately, that never happened, instead it dropped to a lower price. But I am believing somewhere around the end of December, the market will be bullish.

we all can only predict by approximation, and for the reality then we can only wait. no one knows exactly where the market will go until the end of this year, considering that many believe that a bull market will occur at the end of the year. with the spread of trust like this, hopefully it will lead traders' opinions to buy simultaneously at the end of the year

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: LUCKMCFLY on November 28, 2021, 08:07:19 AM

Yes, I clearly remember as if it were yesterday, however there is an explanation for it, as I understand the market has to fulfill two phases, the Accumulation phase and the Distribution Phase, in 2017-2018 the accumulation phase occurred from the year 2014 to 2017, then the bullish trend emerged, and from there came everything that has to do with the Distribution stage, which is when the whales or the rich decide to start selling, and this is the distribution that consists of the expensive sale of shares or in this case BTC to those who do not know anything about the market, because many bought at $ 20k when they thought it would go up to $ 50k, and this is explained very well by Wyckoff's theory, which was what helped me the most to understand it everything.

You need to have deeper understanding in order to decide and invest appropriately, it's not just buy the hypes and sell

when downfall takes place, you are wasting not only your money but most of your time. Knowing the grounds is important

inside this industry, bear and bull need to be reviewed very well before concluding or deciding your side.

Assess and observe every information that you gathered. Not everything is for real. Most are just for hypes or to drag down

the market know to balance your decision making.

savetheFORUM

full member

Activity: 1050

Merit: 140

Quote from: beerlover on November 22, 2021, 11:29:32 AM

I hope that the price rises through 60k again and this time around I am expecting 70k to come.

So far what has been the actions you have decided to take? The market has still remained at this same level of $54k - $55k and nobody can tell whether it is going to recover or not. We are just a few days to December and the market is not yet bullish. Analysis that I have seen so far are not really helping at all, it shows that no one really knows where we are heading to from here.

The market rose to almost $60k price some days past, and we all thought - that was it, it’s finally going to cross the $60,000 mark again – unfortunately, that never happened, instead it dropped to a lower price. But I am believing somewhere around the end of December, the market will be bullish.

LUCKMCFLY

legendary

Activity: 2436

Merit: 1853

Leading Crypto Sports Betting & Casino Platform

Quote from: fullhdpixel on November 21, 2021, 02:21:20 PM

Quote from: dezoel on November 21, 2021, 11:35:59 AM

Usually bitcoin traders react to news well in advance which might have happened this time also; like for expectation of upcoming dump from gtmox refund, traders might have booked profits/exited their positions with the plan of buying back to cheaper price levels and made the recent correction.

I remember by the times of 2018/2019, some whales in reference like gtmox trustee, was continuously dumping big amount of bitcoins and made bitcoin prices to get back to below $10k levels even after bitcoin showed recovery up to $14k levels from the bottom of $3k levels.

But, this time I am sure they could not make similar kind of negative impact into bitcoin market by releasing BTCs; the current recovery from the $55k levels must be an enough proof for that.

Yes, I clearly remember as if it were yesterday, however there is an explanation for it, as I understand the market has to fulfill two phases, the Accumulation phase and the Distribution Phase, in 2017-2018 the accumulation phase occurred from the year 2014 to 2017, then the bullish trend emerged, and from there came everything that has to do with the Distribution stage, which is when the whales or the rich decide to start selling, and this is the distribution that consists of the expensive sale of shares or in this case BTC to those who do not know anything about the market, because many bought at $ 20k when they thought it would go up to $ 50k, and this is explained very well by Wyckoff's theory, which was what helped me the most to understand it everything.

Vaculin

hero member

Activity: 2912

Merit: 613

Quote from: laredo7mm on November 23, 2021, 12:42:21 PM

Quote from: 2double0 on November 19, 2021, 04:28:43 PM

Seeing the funding rates above, it seems clarified that btc had a 'fakedown' and was a bear trap, but how low do you think will it go? Is the trap game over and we lost the 55k buying opportunity? Or should I wait for much lower value of btc to get an entry? I am still confused about that MtGox releasing their customers' btc tomorrow, which is making my nerves go wild when I think of what may happen.

Source

Till now I saw the fear and greed index is showing neutral. That means people's sentiment is not clear so it will be better to wait for some time. It will be better to take an entry in a little bit higher in a bull market than take enter in a bear market. Do not FOMO and act according to market sentiment. The market became more mature and people know how whales manipulate the markets.

The market remains to be unstable and certainly becomes more unpredictable too as bitcoin is not yet back in its $60k value. But this should not create panic for everyone as this has happened a lot of times and all we can do is to patiently hold all our coins. I can say that we are not yet in a bear trap but if the price of bitcoin will go lower than $50k, maybe the bear season is about to start.

However, this correction phase may be considered a good entry for everyone who wish to buy more cheap coins. Just seize the moment and we will be celebrating again once the market returns to normal and become bullish again.

Lanatsa

hero member

Activity: 2856

Merit: 655

Quote from: laredo7mm on November 23, 2021, 12:42:21 PM

Quote from: 2double0 on November 19, 2021, 04:28:43 PM

Seeing the funding rates above, it seems clarified that btc had a 'fakedown' and was a bear trap, but how low do you think will it go? Is the trap game over and we lost the 55k buying opportunity? Or should I wait for much lower value of btc to get an entry? I am still confused about that MtGox releasing their customers' btc tomorrow, which is making my nerves go wild when I think of what may happen.

Source

Till now I saw the fear and greed index is showing neutral. That means people's sentiment is not clear so it will be better to wait for some time. It will be better to take an entry in a little bit higher in a bull market than take enter in a bear market. Do not FOMO and act according to market sentiment. The market became more mature and people know how whales manipulate the markets.

So lets put up some links to that.
https://alternative.me/crypto/fear-and-greed-index/

It is true that on yesterday on which people or the market is really on that neutral state but now that we are in on a little bit shake off then it is already now on Fear.

Is this something surprising? No its not because this indicator wont really be that precise but somewhat a useful tool on looking on how the market is moving.

Bear trap or not then you should know on how to handle up yourself on these kind of conditions.

laredo7mm

hero member

Activity: 1498

Merit: 537

Quote from: 2double0 on November 19, 2021, 04:28:43 PM

Seeing the funding rates above, it seems clarified that btc had a 'fakedown' and was a bear trap, but how low do you think will it go? Is the trap game over and we lost the 55k buying opportunity? Or should I wait for much lower value of btc to get an entry? I am still confused about that MtGox releasing their customers' btc tomorrow, which is making my nerves go wild when I think of what may happen.

Source

Till now I saw the fear and greed index is showing neutral. That means people's sentiment is not clear so it will be better to wait for some time. It will be better to take an entry in a little bit higher in a bull market than take enter in a bear market. Do not FOMO and act according to market sentiment. The market became more mature and people know how whales manipulate the markets.

noormcs5

hero member

Activity: 2632

Merit: 613

Leading Crypto Sports Betting & Casino Platform

Quote from: cheezcarls on November 22, 2021, 08:59:13 AM

Not sure if this is a bear trap or not, but I just missed buying at a targeted dip price. We can’t just simply determine if this is a good time to buy or not as the market is really unpredictable and has high volatility. It can go up or down without warning. Managing our risks is what really matters most.

Even if we know its a bear trap or bull trap, the point is how do we trade based on this.

The best thing in this market is to long from the support and short from the resistance. In most cases, you will get good returns but few times the trade will be against you if there is break out pattern.

beerlover

legendary

Activity: 2842

Merit: 1152

Quote from: RealMalatesta on November 21, 2021, 09:20:39 AM

Quote from: 2double0 on November 19, 2021, 04:28:43 PM

Is the trap game over and we lost the 55k buying opportunity? Or should I wait for much lower value of btc to get an entry? I am still confused about that MtGox releasing their customers' btc tomorrow, which is making my nerves go wild when I think of what may happen.

Yeah, it seemed like mt.gox did not release lots of BTCs or traders who got refund probably did not opt for dumping right away; they might have decided to hold after seeing bitcoin prices roaring compared what they have seen in 2013/2014. Usually in trading terminology, I have seen bull-trap more frequently but I could not recall that I have ever come across the term "bear trap". This is may be due to "recovery" is only frequently happening in BTC market and not common on most other markets.

By considering the way how bitcoin market have recovered from the recent correction, I am also feeling like we may not get back to $55k levels any more. As of now bitcoin market is struggling to break the the resistance around $60k levels which might happen this weekend's last session.

I would assume that MT.GOX deal would have made a lot more news if it was true, I always assumed that it was just gossip and nothing more. I did not see any official statement from the trustee as well (the group that holds most btc that needs to pay the people back) so it wasn't a valid point anyway.

However, the drop was basically a correction, we reached to a level where people could sell and take profit and with them selling it made some liquidity because people with high leverages got liquidated and that turned their btc into USDT to pay, and that resulted with more selling. After that was just panic selling by some people and we stopped. Now we are recovering because all of that is done, now we are getting back on track and we are going to be doing fine for sure. I hope that the price rises through 60k again and this time around I am expecting 70k to come.

Desmong

member

Activity: 812

Merit: 13

Crypto bookmaker and casino

I don't think this is the best time to talk about bear market cause I would want us all to be positive about Bitcoin. The bear market or trap has not yet come and I don't want people to be pessimistic about the market now because this bad energy can make people to miss out on the bullish trend that is about to shot to the moon. Bear trend might come back later but not now.

Topic: Are we in a bear trap? - page 5. (Read 833 times)