Topic: Bitcoin "BIG" Green Candle - page 3. (Read 592 times)
Bitcoin goes up and alts falls down. Is this kind of a bullish trend for the cryptocurrency market? Whenever bitcoin is bullish alts are always going down. I think, I'll observe for a little right now. I'm thinking that this could be a trap. And also hoping that this thing is not an April Fools joke.
I hope this is still not post April Fool day humour.
The market surge is not easy to comprehend I am still yet to know what factors could affect the price massively in such a short time.
But from a cryptocurrency lover it's a very good news we hope continues
The market surge is not easy to comprehend I am still yet to know what factors could affect the price massively in such a short time.
But from a cryptocurrency lover it's a very good news we hope continues
I was surprised to. today that BTC was able to get past the barrier. is this the beginning of a bull run. looking at this chart is very interesting because the market has been frozen recent months. not only does BTC get a drastic increase in some other altcoins are following the effect. if you think this is a bull trap I disagree. take a look at chart statistics it seems the price will drop but it will be corrected again.
Now, big green candles are definitely a very good sight. But what actually matters if we can actually hold at this price range. I doubt it, but as long as we won't go back down below $4000 then I'm fine with it. This price increase looks nothing close to being organic at all.
Hoping for the best though. 🤞
Hoping for the best though. 🤞
it is impossible to predict it at this point though. because it depends on multiple factors that can determine the result. for example as I said above if it keeps up we can see $6k and by then price won't come back down ever again. but another scenario which is more likely is to stay behind the $5k resistance in which case holding the current level depends on how much the day traders are going to panic and how much FOMO is going against their panic.
one thing is clear though, the rising days have started.
Now, big green candles are definitely a very good sight. But what actually matters if we can actually hold at this price range. I doubt it, but as long as we won't go back down below $4000 then I'm fine with it. This price increase looks nothing close to being organic at all.
Hoping for the best though. 🤞
Hoping for the best though. 🤞
It reached now in about 1 hour $5000 
Sad news that right after reaching ~$5100 started droping =/
Now at 4973 USD. I believe it might be some pump and dump or some new investor which follows some of the big news concerning government accepting new crypto for banks.
Or maybe the use of Stellar is one reason for new investors.
Sad news that right after reaching ~$5100 started droping =/
Now at 4973 USD. I believe it might be some pump and dump or some new investor which follows some of the big news concerning government accepting new crypto for banks.
Or maybe the use of Stellar is one reason for new investors.
I also taught that the price pump was just for April fools but seeing the chart make me wonder too. I don't know if this is a bull trap or what but it's good to take advantage of this and make a profit somehow.
If the price hits $5,000 in just a few more hours then I think it is safe to say that it is a bull trap.
If the price hits $5,000 in just a few more hours then I think it is safe to say that it is a bull trap.
i'm curious about the reasons make this huge pump! maybe from bakkt or SEC?
this is exactly what I have been talking about for the past month. people kept focusing on $4000 but that price had no significance. the important prices were $4200 and partly $4100 and as $4200 was broken a big ass breakout happened and how it is partly due to FOMO but on a very small scale. if this keeps up for the following hours then we can easily see a gigantic FOMO which can easily bring the price back to real levels at $6000 and above.
A big green candle today that surprised everyone, now we are able to break the resistance.
The question now, is this a bull trap? or the start of a new big uptrend?
While everyone is busy having fun with the April fools bitcoin are also busy doing this thing. Now we welcome the 2nd quarter with a great price!
I hope it will continue, though don't make too much expectation but I'm happy to see a big candle like this.
Jump to: