Topic: Bitcoin Breakout or Fake Out? - page 2. (Read 559 times)
That's a very good news. I am not sure if it is bull market or not. But this will definitely bring positivity in the market.
Bitcoins have always been at the top of the market. Even with a dip, its popularity did not fade. We just need to be a little bit more patient, wait for the conditions to improve and retain our investments. The low price should not put us in a panic mode because the market will improve soon.
Well, i don't believe that it is a bull traps in other swallow some people's money but it is the real break out after a long period of time that we all waiting for such move. There is a difference between pump and the normal increase in the market value of Bitcoin base on the current candles stick formation we have seeing so far.
Bitcoins price suddenly pump. What do you think? is this the start of Bull Run or just a Bear Trap?
Pump? It's not a pump, the price are increased just a little.
It's a normal movement about the price to fluctuations, we need to wait more time to see bitcoin will recover.
Bull trap- fake outs of prices when it tends to go up and thought it would pump or continue to rise up but later on it do drops out instead
Bear trap- opposite way.
I think this would be the start of bull run. Bitcoin along with other cryptos are fightig against the market from last few weeks. But just from today, it has been changed its position. However, I think it will bring some juicy fruits for the investors.
Thank you for the link. Well, I will tell you that it is just a trailer. BTC has started to recover its price. Soon the bull market will be started in a full power. I hope that BTC will be able to recover its total price within the end of this year.
Who knows if that is bull run or a bear trap, but for me maybe it's a good sign to start recovering the price of bitcoin this month of July.
Every year crypto was move to forward in August 25 so this year also it will raise in that month. May be we should expect some good sign in this month but continuous pump is surely possible in September. So this is the right to invest in crypto but some peoples are stay away in this platform so it is looks like a bear trap.
Who knows if that is bull run or a bear trap, but for me maybe it's a good sign to start recovering the price of bitcoin this month of July.
Every year crypto was move to forward in August 25 so this year also it will raise in that month. May be we should expect some good sign in this month but continuous pump is surely possible in September. So this is the right to invest in crypto but some peoples are stay away in this platform so it is looks like a bear trap.
Who knows if that is bull run or a bear trap, but for me maybe it's a good sign to start recovering the price of bitcoin this month of July.
Every year crypto was move to forward in August 25 so this year also it will raise in that month. May be we should expect some good sign in this month but continuous pump is surely possible in September. So this is the right to invest in crypto but some peoples are stay away in this platform so it is looks like a bear trap. Bitcoins price suddenly pump. What do you think? is this the start of Bull Run or just a Bear Trap?
Edit:
https://imgur.com/a/0KVGgHI
sorry don't know how to post image, still kinda noob. Also for the terms im bad at it.
trying to learn.
in my opinion this small pump is not a bull trap which is a adjustment of price to me before to bullish again . 'cause as we noticed it always pump back to 6k level after it fluctuate below , which is a big sign to bull again Imo. Edit:
https://imgur.com/a/0KVGgHI
sorry don't know how to post image, still kinda noob. Also for the terms im bad at it.
trying to learn.
I was thinking that it was a breakout but currently it is turning to be fakeout. However it might still continue: I suspect that traders are taking profits and that is why it could not push on. I also expect bitcoin to make positive upwards movement from this July as this is what happens last year and some years before.
Who knows if that is bull run or a bear trap, but for me maybe it's a good sign to start recovering the price of bitcoin this month of July.
The price of bitcoin always fluctuates. There's nothing called 'pump' to it and nothing is fake. It either rise or fall. However, I'm happy that the price rises and I hope the price will have good growth further.
I think it was price correction and bitcoin price will be around 6k to 7k for a month or so then we may see bull ran but it's just a speculation there is no reason to believe it as we can't predict the market.
People think the move had something to do with CME contracts running out.
Bitcoins price suddenly pump. What do you think? is this the start of Bull Run or just a Bear Trap?
Edit:
https://imgur.com/a/0KVGgHI
sorry don't know how to post image, still kinda noob. Also for the terms im bad at it.
trying to learn.
Edit:
https://imgur.com/a/0KVGgHI
sorry don't know how to post image, still kinda noob. Also for the terms im bad at it.
trying to learn.
It is hard to tell if it is a breakout or a fake out. If you are going to check the volume you will notice that there are only a little volume being traded and this means that the seller are holding more bitcoins while the buyers only bought few bitcoins. Since there are no support nor resistance it is hard to foretell whether its gonna skyrocket any minute or gonna crash any minute.
Bitcoins price suddenly pump. What do you think? is this the start of Bull Run or just a Bear Trap?
Edit:
https://imgur.com/a/0KVGgHI
sorry don't know how to post image, still kinda noob. Also for the terms im bad at it.
trying to learn.
I dont think that it is a pump because it is just a small recovery after a huge fall to correct the price. And I also dont think that it will start a bull run any time soon and it will remain on that price leve 6200-6500 usd. But who knows. We are all speculating the price and we cannot accurately determine on what will be the status of bitcoin for the next few days and months. But surely will have a run. Edit:
https://imgur.com/a/0KVGgHI
sorry don't know how to post image, still kinda noob. Also for the terms im bad at it.
trying to learn.
It seems to me that it is impossible to turn on the pump at once. Bitcoin should slowly but steadily gain price and then positive sentiment will do the job. The prices were in a very long fall in order to restore confidence in bitcoin it takes time. Prices do not rise spontaneously. I do not see any conditions for recovery in the cryptocurrency market.
Bitcoin only raise a little bit and not to be considered as pump. Because bear marke is still going on, and the bull run market is never had a clue to came out. It can be considered as a correction and nothing breakout or fakeout on this. Suddenly this raise comes to fall and dont really had a pump. But i think after that long term waiting in bitcoin price, pump come very soon.
After a long fall in the price of bitcoin, it began to gain momentum. That's good news.I see several reasons for the rise. There are some traders who consider the growth of bitcoin unjustified but they do not have the ability to influence the exchange rate.They will sell their investments and leave the market.There's another reason.This is insufficient liquidity.In the case of past rises, the cryptocurrency was owned by a small number of people.Sales were small. And that led to the rise of the course.
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