BTC rise described as false bull - page 2.

bitterguy28

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Quote from: ilovealtcoins on January 30, 2023, 05:34:34 AM

Quote from: bitterguy28 on January 30, 2023, 01:23:12 AM

Quote from: uneng on January 25, 2023, 05:15:11 PM

It's not a false bull or bull trap, as the tendency is already lasting for a whole month, and probably it will. I believe if it were a trap it wouldn't have lasted for longer than one week. Bitcoin is retaking its previous position from last year, before the time seasonal holidays started, that is usually when people cashout their funds to travel and buy gifts, consequently crashing BTC. However, there can be bull traps soon on Bitcoin's way towards superior price ranges, such as 40,000$ and 50,000$.

still early to say either this is Bull run or Bull trap mate because we have seen something like this before but after a strong growth ? yet it dumped and there are many who had been trapped inside .
but of course with this shows of force from Bitcoin supporters now, we can still have big faith that this is a legit bull run.
and also calling this as false bull is an overstatement , because there is no concrete proof that had been showing this claim.

The actual bull run hasn't happened yet, but I also agree that this is not a trap, it's a normal market movement. Bitcoin can neither fall forever nor rise forever, it is always in motion, and that is what is happening. Regardless if it's a trap or not, but with the price increase, congratulations to those who believed and bought bitcoin for $16k.

actually bullrun or not? what matter most in my part is that I am already winning here and so what I only need to do now is to act accordingly and never to fall from FUD and wrong decisioning , Now that I am earning ? i only watch the market to decide if needed to sell if there is a momentum in dumping , or if this continue to grow then i will hold more.

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Quote from: Lubang Bawah on February 02, 2023, 02:53:38 AM

Bulls and bears are commonplace and we shouldn't be too bothered by it, the most important thing right now is to keep buying so that when the price goes up we can get a profit, successful people won't think and analyze too much, let other people be busy for analysis but we busy to buy, when the price rises, the analyst only gets praise that the analysis is correct, but those of us who buy get profit.

What you said about bulls and bears is indeed commonplace, but in fact bull and bear will greatly affect a person mentality to trade, buy without analysis is stupid in my opinion as well as being busy analyzing but not buying of course it's just talk blank, I personally may disagree a little with what you say about Successful People are Busy Buying , because basically many of them are successful in making profits after they have managed to analyze the market well so far, besides that if you continue to buy without analysis and just following your passion, you can be sure that losses will befall you because sometimes we don't know where the price will go down and when we think the price has reached the lowest point even though the decline continues and eventually our money will be stuck at that price.

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Bulls and bears are commonplace and we shouldn't be too bothered by it, the most important thing right now is to keep buying so that when the price goes up we can get a profit, successful people won't think and analyze too much, let other people be busy for analysis but we busy to buy, when the price rises, the analyst only gets praise that the analysis is correct, but those of us who buy get profit.

STT

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Positive reaction to the weekly average again keeps the bullish story alive. The larger issue is the resistance overhead to deal with but I dont think BTC can be called negative at this moment.

A trade I follow recently was commentating on another chart, I believe he said when 50 day rises above the 200 day it can be a moment of indecision. In that this period is not especially tradable, we still have the 50 day below 200 so we might be approaching the uncertain area is how I interpret that. It still doesnt make it a false bull, alot of price action good or bad is not always easy to read for now I have to view BTC as acting positively. I believe over the rest of the year it wont all be clear weather but thats something to tackle as it happens.

double test, resolved up. Possibly consider caution if we are not beating that recent prior high 23962

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Quote from: inthelongrun on February 01, 2023, 08:47:10 AM

I would not call bitcoin's price increase from $15k to $23k a false bull. That was an increase of 53% or over $200 billion that went into bitcoin. But maybe people are used to the previous bitcoin bull runs and will only call a bull run when it increased to 1,000% or more. So I'll just call bitcoin's previous increase in price a mini bull run but that was not fake. Can we also call bitcoin's previous bull run at $68k fake because it gradually went down to as low as $15k last year? It's just normal that the market goes up and down. A big increase in value means a big correction later since not all investors are looking for long-term holds. There are also investors that are looking for profit and will sell their stake anytime when profits are good enough for them.

People would be pertaining on a short span of time and wont really be tending to look back on where we had started to make out some recovery but its true that 15k to 23k isnt something that could be called as a

fake out considering on how far we've been able to moved out then we can say that it is really gradually making it some recovery which we are all really that hoping after having such decline.False bull or not
on which these chances and tendencies for it to happen isnt something that we could really be able to predict on.

This is why risk management is really that crucial and very important when it comes to your entry and exit points of this market.

inthelongrun

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I would not call bitcoin's price increase from $15k to $23k a false bull. That was an increase of 53% or over $200 billion that went into bitcoin. But maybe people are used to the previous bitcoin bull runs and will only call a bull run when it increased to 1,000% or more. So I'll just call bitcoin's previous increase in price a mini bull run but that was not fake. Can we also call bitcoin's previous bull run at $68k fake because it gradually went down to as low as $15k last year? It's just normal that the market goes up and down. A big increase in value means a big correction later since not all investors are looking for long-term holds. There are also investors that are looking for profit and will sell their stake anytime when profits are good enough for them.

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Quote from: 19Nov16 on February 01, 2023, 04:55:32 AM

I'm sure that the current rising price is due to positive sentiment from the many companies that are serious about making bitcoin an asset or investment, moreover big campaigns from top exchanges like crypto.com, coinbase and so on so that new users continue to grow, besides that whales of course have interests to keep bitcoin able to continue to rise or recover in the current year.

From the company side, they have adopted Bitcoin, and some of them have made investments and kept it as an asset, this is good for Bitcoin and is one of the factors that has caused it to rise, apart from that, some people have started investing in bitcoin, from here you can see demand and Bitcoin supply is getting better and causing a rise in Bitcoin price even though it has a reasonable correction, we think this is the beginning of Bitcoin recovery.

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Quote from: dimonstration on February 01, 2023, 05:25:05 AM

Just recently browse a random message on the telegram group that I join about this same topic. One picture caught attention that is worth sharing in time like this. I believe false bulls depends on the time frame we are looking at because Bitcoin is still in the bull run base on the general overview of the price if we look at the chart since the beginning and not zoom in to the current year alone.

Does that mean we will soon see another rally in the bitcoin price, as shown in the picture? If this is true, we must prepare ourselves to take advantage of the moment to act. But the bull run may not come this year because the price needs to be increased again to close to the previous ATH price. And while it was close to the previous ATH, the bitcoin price may take a break while waiting for another good moment to start a real rally. This will be interesting as we don't know the next ATH price.

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Quote from: fzkto on January 30, 2023, 01:48:37 PM

Quote from: TheGreatPython on January 30, 2023, 12:28:09 PM

Quote from: bestcoins1 on January 30, 2023, 05:53:24 AM

Quote from: ilovealtcoins on January 30, 2023, 05:34:34 AM

The actual bull run hasn't happened yet, but I also agree that this is not a trap, it's a normal market movement. Bitcoin can neither fall forever nor rise forever, it is always in motion, and that is what is happening. Regardless if it's a trap or not, but with the price increase, congratulations to those who believed and bought bitcoin for $16k.

Now Bitcoin is starting to correct again after yesterday it had increased and is approaching the $24K price range, but those who had bought Bitcoin at the $16K price range are still very lucky if they sell now because the Bitcoin price is still above $23K now and this is clearly not a trap or the like. But what is happening now is a normal thing that happens very often in the market every year, except last year where Bitcoin has decreased more than increased.

I don't see a correction because when I look at the price, it was still $23k the same with yesterday. Maybe what happened is just a tiny decline. It's not bothering at all but can be good for those who are into short-term trading/investing. If they can utilize even the tiniest dip then they can also pull out some profits.

When someone buys at the dip and then sell when the price rises for profits, I don't consider that as a luck but that happens for a reason. Luck is something unexpected to happen and mostly felt when we are playing a gambling inside a casino. An increase that we felt lately, isn't something that occurs often and that is why many are eager to take advantage of it by selling.

Trade is really like gambling now. Bitcoin has been rising suddenly since the beginning of the year. Some coins, like aptos, are also pumping up. After such a prolonged fall, any rise seems strange. But what alarms me is that there is no volume right now during the rise. This could be indicative of a bull trap.

If it is a bull trap, it may only be short-lived, but so far, bitcoin is showing signs of continuing to rise, and this bull run has lasted for almost a month, bitcoin is up nearly 40%, so it is impossible not to call this is a trap. Everything is questionable, we can't say it's a trap and there's no sign of a bull season coming while we're a long way from the halving.
I'm also being very careful, at first, I thought it was just a trap, but what's happening doesn't look like a trap. It's hard to know what state the market is in.

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Just recently browse a random message on the telegram group that I join about this same topic. One picture caught attention that is worth sharing in time like this. I believe false bulls depends on the time frame we are looking at because Bitcoin is still in the bull run base on the general overview of the price if we look at the chart since the beginning and not zoom in to the current year alone.

19Nov16

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I'm sure that the current rising price is due to positive sentiment from the many companies that are serious about making bitcoin an asset or investment, moreover big campaigns from top exchanges like crypto.com, coinbase and so on so that new users continue to grow, besides that whales of course have interests to keep bitcoin able to continue to rise or recover in the current year.

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I think, this is a sign to all long term investors and short term investors to know that this year 2023 will be more better than last year 2022, because Bitcoin price started displaying by increasing from $17,000 to $23,000 in the month of January. Based on what investors are experiencing from the crypto market few weeks ago show that bullish market is very close to investors and it will be favourable for investors to prepare well so that no one will Miss the opportunity when the price hit higher. The opportunity to buy Bitcoin and hold is still on which investors can still increase their capital by buy more of Bitcoin and other cryptocurrencies for future purpose.

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Quote from: dragonvslinux on January 23, 2023, 06:27:31 PM

It's a relief rally for sure imo. But just like 2019 a relief rally can retrace most of the downside move, all the way to $50K, if it happened soon enough it'd still be a relief rally.

Nobody wanted to really acknowledge that going from $3.2K to $14K was a relief rally, but when we came back to norm around $6K it became pretty clear.

Also depends on your definition of relief rally I guess. For me it's simply just a rally that won't achieve a new all time high.

Can you explain?

You think we will not see the $70,000 price again? (at least until the halvinag in 24).

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Quote from: Pejoh Asu on January 31, 2023, 03:36:05 AM

Many people think that the increase in bitcoin is a temporary pump to make investors continue to buy, but I think that the current increase in bitcoin is a small thing because in the future it will continue to increase, the biggest factor that will make the price continue to increase is the number of users who have increased, the fact The latest is that more and more countries are legalizing bitcoin and a significant increase has occurred in Africa.

it is natural that Bitcoin will be legalized every year in new countries to make transactions easier to do, but the price of Bitcoin cannot be determined from that alone because there are many other factors that you can see.

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Quote from: Fara Chan on January 31, 2023, 07:46:18 AM

So far the movement of Bitcoin is still very good and is still in a small bull market, we believe this is not a trap from a bull market, until now the price of Bitcoin is in the area of $ 22.8k, making us happy by ending the month of January above $ 20k and above , The price of Bitcoin at the moment gives good news for longtime holders who fully trust, those who buy in the $ 16k price range I think the current state of the market and being at the current Graphic point is still profitable for them.

The target of people investing is of course studying the market charts and waiting for a decline to buy, they will continue to hold back until they see the movement of the Bitcoin price chart touching a higher value, those who had bought below the Bitcoin price which was $20k-$16k yesterday, of course this still giving profit on the selling, we think bull's movement will continue although only sloping with small bulls.
we say this is a small bull market and not a bull market trap, the movement of the Bitcoin Chart will continue as it is, it does not always go down and it does not go up all the time, we take advantage of this good situation to hold Bitcoin.

I think it will definitely be something that gives everyone some hope, it's not going to be easy, but it's going to be something that will take just a bit of time. I know that it's going to be a bit of a decent situation where I think it will take a bit of a time, but it's going to end up with a good amount of profit in the long run. I think small bulls do not matter because it's going to be pretty wild and pretty entertaining and pretty good.

I just think that we could end up with something that could be pretty good, it's just about the fact that we need to do something much better, and for that to work we need to just wait and hold so that we can profit when it goes up, if not then we had whole 2022 like that so it's fine.

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Quote from: ilovealtcoins on January 30, 2023, 05:34:34 AM

The actual bull run hasn't happened yet, but I also agree that this is not a trap, it's a normal market movement. Bitcoin can neither fall forever nor rise forever, it is always in motion, and that is what is happening. Regardless if it's a trap or not, but with the price increase, congratulations to those who believed and bought bitcoin for $16k.

So far the movement of Bitcoin is still very good and is still in a small bull market, we believe this is not a trap from a bull market, until now the price of Bitcoin is in the area of $ 22.8k, making us happy by ending the month of January above $ 20k and above , The price of Bitcoin at the moment gives good news for longtime holders who fully trust, those who buy in the $ 16k price range I think the current state of the market and being at the current Graphic point is still profitable for them.

The target of people investing is of course studying the market charts and waiting for a decline to buy, they will continue to hold back until they see the movement of the Bitcoin price chart touching a higher value, those who had bought below the Bitcoin price which was $20k-$16k yesterday, of course this still giving profit on the selling, we think bull's movement will continue although only sloping with small bulls. We say this is a small bull market and not a bull market trap, the movement of the Bitcoin Chart will continue as it is, it does not always go down and it does not go up all the time, we take advantage of this good situation to hold Bitcoin.

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Quote from: Pejoh Asu on January 31, 2023, 03:36:05 AM

Many people think that the increase in bitcoin is a temporary pump to make investors continue to buy, but I think that the current increase in bitcoin is a small thing because in the future it will continue to increase, the biggest factor that will make the price continue to increase is the number of users who have increased, the fact The latest is that more and more countries are legalizing bitcoin and a significant increase has occurred in Africa.

It was a pump as the price went from $15k to $23k, the temporary high that bitcoin could reach yesterday. But as for the future price potential, it will surely be able to surpass the last ATH price and that will be our biggest advantage at that time. The current rise in bitcoin is indeed modest but this is a good thing because it provides proof to the people who half believe in bitcoin that it will surely rise again at the right time. And even if it is ultimately a fake bull run that bitcoin goes through, it doesn't matter because the price of bitcoin is sure to see a rapid rise in the future.

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Quote from: Pejoh Asu on January 31, 2023, 03:36:05 AM

Many people think that the increase in bitcoin is a temporary pump to make investors continue to buy, but I think that the current increase in bitcoin is a small thing because in the future it will continue to increase, the biggest factor that will make the price continue to increase is the number of users who have increased, the fact The latest is that more and more countries are legalizing bitcoin and a significant increase has occurred in Africa.

Regardless, we have seen this fake breakout in the past and sometimes it's not as we have thought it is. Now the run seems to be real, last 24 hours, we reaches $23,500 although another correction, it the line of 2%-3%. But the price didn't go down that much, so the bulls has the control of the market and if what you say is true that adoption is getting bigger specially in continent such as Africa, then it could still fuel the bull run that we have seen since the start of this month.

Pejoh Asu

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Many people think that the increase in bitcoin is a temporary pump to make investors continue to buy, but I think that the current increase in bitcoin is a small thing because in the future it will continue to increase, the biggest factor that will make the price continue to increase is the number of users who have increased, the fact The latest is that more and more countries are legalizing bitcoin and a significant increase has occurred in Africa.

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Quote from: bestcoins1 on January 30, 2023, 05:53:24 AM

Quote from: ilovealtcoins on January 30, 2023, 05:34:34 AM

The actual bull run hasn't happened yet, but I also agree that this is not a trap, it's a normal market movement. Bitcoin can neither fall forever nor rise forever, it is always in motion, and that is what is happening. Regardless if it's a trap or not, but with the price increase, congratulations to those who believed and bought bitcoin for $16k.

Now Bitcoin is starting to correct again after yesterday it had increased and is approaching the $24K price range, but those who had bought Bitcoin at the $16K price range are still very lucky if they sell now because the Bitcoin price is still above $23K now and this is clearly not a trap or the like. But what is happening now is a normal thing that happens very often in the market every year, except last year where Bitcoin has decreased more than increased.

drops to 22k once again , and yeah I know this will stays this way for at least another week or more? before finally reaching 25k.

we already see it happening that bitcoin or the market is in Bull running but yeah there will be more of this scenario so be ready for this to happen.

I'll keep mine and will be happy seeing the price growing in the coming days.

Topic: BTC rise described as false bull - page 2. (Read 771 times)