Topic: Bear trap or bull trap? - page 2. (Read 427 times)
market manipulation is something we will continue to see, the weekend crash was purely the activity of 'friends' of big institutions making sure bitcoins are sunk in bears so that they maximize their profit when eventually the bitcoin ETF kicks off.
Are we going to Saturn or will cryptos reach only the moon?
Patience is the key for what you have been waiting for in a long time. Bitcoin will reach that planet and even stars with a million miles away but it will going to happen someday and not yet today. As of today bitcoin will have to reach the moon since it hasn't have a power yet to boost through to the moon. So, i would say that this month is a bear season. Unfortunately, cryptocurrencies are continuing slashing. While there are no objective reasons to talk about a bearish or bullish trap because the downtrend is still strong and there were not sufficient attempts to change the downtrend. I think it is reasonable to talk about a bearish or bullish trap in case of indefinite situation.
Let us have a look at ETH which is currently about 300$. ETH is in the downtrend now so let us suppose that it may being formed a bearish trap around the current price level. Is is possible? I do not think so because bears are mostly professionals and they do not have reasons to form a bearish trap because retail investors almost do not open short positions. Well, lets us suppose that it may being formed a bullish trap and it is much more likely but I do not think so because there were not strong boughts recently which might involve enough new investors to catch them in a trap. So, I consider that in the current market situation there are no reasons to think or to talk about traps.
Let us have a look at ETH which is currently about 300$. ETH is in the downtrend now so let us suppose that it may being formed a bearish trap around the current price level. Is is possible? I do not think so because bears are mostly professionals and they do not have reasons to form a bearish trap because retail investors almost do not open short positions. Well, lets us suppose that it may being formed a bullish trap and it is much more likely but I do not think so because there were not strong boughts recently which might involve enough new investors to catch them in a trap. So, I consider that in the current market situation there are no reasons to think or to talk about traps.
Not all coins are losing value. There's a huge increase in Bitcoin dominance while altcoins are losing a lot of value, mainly the former big players like ETH and XRP. I think that the price of Bitcoin is largely manipulated right now but at the same time many people have a much greater confidence in it than they have in other coins. They know that Bitcoin will initiate the next bull run and be the first to go into green.
I feel we need more time to let all this hype and media buzz over the ETF die down. We need to realize this is along race and there is no need to rush into anything. I think we are going to have a bumpy 2018 but a wild ride in 2019-2020.
Unfortunately, cryptocurrencies are continuing slashing. While there are no objective reasons to talk about a bearish or bullish trap because the downtrend is still strong and there were not sufficient attempts to change the downtrend. I think it is reasonable to talk about a bearish or bullish trap in case of indefinite situation.
Let us have a look at ETH which is currently about 300$. ETH is in the downtrend now so let us suppose that it may being formed a bearish trap around the current price level. Is is possible? I do not think so because bears are mostly professionals and they do not have reasons to form a bearish trap because retail investors almost do not open short positions. Well, lets us suppose that it may being formed a bullish trap and it is much more likely but I do not think so because there were not strong boughts recently which might involve enough new investors to catch them in a trap. So, I consider that in the current market situation there are no reasons to think or to talk about traps.
Let us have a look at ETH which is currently about 300$. ETH is in the downtrend now so let us suppose that it may being formed a bearish trap around the current price level. Is is possible? I do not think so because bears are mostly professionals and they do not have reasons to form a bearish trap because retail investors almost do not open short positions. Well, lets us suppose that it may being formed a bullish trap and it is much more likely but I do not think so because there were not strong boughts recently which might involve enough new investors to catch them in a trap. So, I consider that in the current market situation there are no reasons to think or to talk about traps.
Are we going to Saturn or will cryptos reach only the moon?
Even though it is a trap or it is a moon we should support bitcoin and we cannot just relay in the idea that the bull is coming we should still use bitcoin for the idea of it and not just the value of it. All in all I've just wanted that people would still believe in bitcoin even if the bull is not coming this year. 
Time will tell.I hope we can still go to Saturn after the Moon.All the news around favorably affect the achievement of this goal.
All need more time and clear strategies. Because that can be an opportunity and also a pitfall for investors. Investors should therefore be careful to avoid bad things. Should consider the situation before the market changes, the main goal is to achieve goals and good results. 
This isn't a bull trap or bear trap. IMO we are in the accumulation/boring phase before the next big pump in the price before the ETF news begin to pup-up again and hype increases towards the next SEC announcement about the ETF. Hopefully, momentum will catch up so that we can break the 8.5k barrier.
The small spike in the price from yesterday might've been a whale trying to trigger a weekend btc pump, although the bearish trend surrounding the altcoin market is far from over so this might actually be a bull trap.
The small spike in the price from yesterday might've been a whale trying to trigger a weekend btc pump, although the bearish trend surrounding the altcoin market is far from over so this might actually be a bull trap.
Are we going to Saturn or will cryptos reach only the moon?
Moon in the short-term, Saturn in the long-term 
I think that it is more important to hold btc not because of the profits from trading for fiat, but because of being in favor of the self-regulating market and believing that cryptos are the future of money itself.
The mass doesn't give a damn about self regulating markets or decentralization, neither do they believe crypto is the future of money. In other words, there is nothing other than speculation giving them the incentive to be here. Seriously, the entire crypto market has been flooded with idiots after Ether's money printing machine kept spitting out rubbish tokens.
Before Ether's ICO rise there were plenty of noobs as well, but in no shape or form do these noobs come close to how stupid the >2017 token noobs are.
Are we going to Saturn or will cryptos reach only the moon?
We are going there. We just have to wait for thing to set up right. Crypto is currently resting and everyone knows that it will shoot up someday.
Certainly so, the angle I'm looking at is to the moon and this will take most investors by surprise. I can't bet my cash on bearish at this moment because the market has been down since this year. I guess I'm on the speculative
It seems to me that the problem of cryptocurrencies is that everyone wants a quick profit. In fact, few people share the idea of a free economy "blood" which should be cryptocurrency. This is the main reason that the price of bitcoin can not recover. Price increases are just a bonus. The main task is to escape from the control of banks and governments.
Yes, I agree that the concentration on money profits is slowing the growth in a way. It looks the opposite at first, actually, because when more people believe the prices will increase, the more people invest in btc, thus really causing the prices to go up. But as profit is the main motive to buy some coins, when some minor bad things happen, these people are not willing to risk their 'real' money, so they pull the funds back, crashing the price for no rational reason, like we see now. I think that it is more important to hold btc not because of the profits from trading for fiat, but because of being in favor of the self-regulating market and believing that cryptos are the future of money itself. Not like that, see how successful bitcoin takes time? bitcoin takes more than 7 years to make it the most sought after and known cryptocurrency
You can see that this period of bear market is very clear, you can see that bitcoin prices are constantly falling sharply in the past few days and has led to the price of altcoin is very strong and can not afford. will recover when the market capitalization is only $ 200 billion. The bitcoin price has hit the $ 20000 mark and the market capitalization is $ 800 billion, so I believe that you should stay out of the market and wait for bitcoin to return.
Not like that, see how successful bitcoin takes time? bitcoin takes more than 7 years to make it the most sought after and known cryptocurrency
for bitcoin is is neither one of them it is mostly consolidation state and we are currently in an uncertainty state where investors are mostly unsure about what to do. on hand they see the price staying at the bottom and not going any lower than $6k but on the other hand they are bombarded with FUD telling them bitcoin is falling and also the bullshit ETF news that comes at them from all sides.
it will take time but it will be over.
for altcoins we are still in a solid bear market and every recovery that you see is just a dead cat bounce and a bull trap while day traders make money from it.
it will take time but it will be over.
for altcoins we are still in a solid bear market and every recovery that you see is just a dead cat bounce and a bull trap while day traders make money from it.
Time will tell.I hope we can still go to Saturn after the Moon.All the news around favorably affect the achievement of this goal.
Are we going to Saturn or will cryptos reach only the moon?
What are you thinking is what it will bring you. If you want crypto to the moon you better stop spreading negative news or negative vibes to other people. Maybe in the next couple of years we are not only going Saturn but to Pluto itself.
Are we going to Saturn or will cryptos reach only the moon?
Just wait and hope the crypto will going up,the market doesn't shown the positif market from januari 
It seems to me that the problem of cryptocurrencies is that everyone wants a quick profit. In fact, few people share the idea of a free economy "blood" which should be cryptocurrency. This is the main reason that the price of bitcoin can not recover. Price increases are just a bonus. The main task is to escape from the control of banks and governments.
Are we going to Saturn or will cryptos reach only the moon?
What do you think after looking at the current situation mate! We are having the most troublesome year ever and going in the wrong direction currently. The bear trap is not letting the crypto to go upwards at all, all the time there is some sort of pulling over the crypto and this force is always down the line. I think we are in bear all the time and as long as we dont break the chains above 10K USD rates we are not going to see any sunrise again. It is useless to ask the question whether we are in bear or bull because know this, we went into bear since the day we touched 19.5K USD and then never came near to it.
Are we going to Saturn or will cryptos reach only the moon?
You should put what price do you think that those traps are going to be. But right now its still up on the open and could probably another bull trap for all we know. If we see the price goes along the $6600-$6800 in the next 48 hours then for me its another bull trap. We have seen this kind of bull traps this year alone that's why I still try to be cautious. The ETF delay has somewhat subsides as of the moment, but I a bit worried that the price shoots up from <$6K to $6300-$6400 in the last 36 hours, if this trend continues then I have a feeling that someone is setting a big trap again, in my opinion.
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