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Topic: BTC rise described as false bull - page 4. (Read 691 times)

hero member
Activity: 2604
Merit: 816
Play Bitcoin PVP Prediction Game
January 27, 2023, 09:22:40 AM
#50
There will always be people that will think that certain price movements are caused by manipulation or whatever theory they could think of, regardless of direction; and it's mostly voiced out by people who missed out on pumps, or bought heavily before dumps.
Or people who think they are experts and can predict the price. Most of these people are not great at what they do and they just shout out random things instead of what is happening. You have got the people who just state the obvious like what is happening now and you got the others that just go and predict something opposite to what is happening now. That is usually the predictions people make without any insight.

TA can help, but I do agree that there are no experts here, if we did then they should be millionaires by now. It's all wild and educated guess and there are just speculators who might hit their predictions right, but for sure there are only a few of them, but still it's not a exact math.

And most of the time if their are a lot who predicted this X price in the coming months, usually the market goes on the opposite direction and that's why prediction is very hard, it will go on the other side when you least expected of it. So this is like a game that is hard to predict and it's going to be a hit or miss to us.
And that's why we don't have to believe other people's opinions. We do our own analysis to determine when it's time to trade. Most people don't want to analyze themselves but want to know the results of other people's analysis, even though it's not necessarily true.

People who share their predictions on social media can provide us with more clues because there must be something different from the results of the analysis we did. So if you get analysis results from social media, you should find out why they can analyze like that because you can get more clues from the results of their analysis.
hero member
Activity: 868
Merit: 1094
January 27, 2023, 09:09:16 AM
#49
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$.
Even if it is a trap, people that invested at $16000 are gaining now, the price would have to reduce back before another unrealised loss. The price of bitcoin may fall below $20000 again, but why should people call it a trap? Anyone that want to invest when the price of bitcoin is significantly low like this time and do not want any unrealised loss should just never invest. Some people do not want to think that $100000 is possible by next year or next two years, they are only talking about bull trap when the price of bitcoin is even still low.
hero member
Activity: 2842
Merit: 772
January 27, 2023, 07:02:34 AM
#48
There will always be people that will think that certain price movements are caused by manipulation or whatever theory they could think of, regardless of direction; and it's mostly voiced out by people who missed out on pumps, or bought heavily before dumps.
Or people who think they are experts and can predict the price. Most of these people are not great at what they do and they just shout out random things instead of what is happening. You have got the people who just state the obvious like what is happening now and you got the others that just go and predict something opposite to what is happening now. That is usually the predictions people make without any insight.

TA can help, but I do agree that there are no experts here, if we did then they should be millionaires by now. It's all wild and educated guess and there are just speculators who might hit their predictions right, but for sure there are only a few of them, but still it's not a exact math.

And most of the time if their are a lot who predicted this X price in the coming months, usually the market goes on the opposite direction and that's why prediction is very hard, it will go on the other side when you least expected of it. So this is like a game that is hard to predict and it's going to be a hit or miss to us.
sr. member
Activity: 281
Merit: 408
January 26, 2023, 04:07:13 PM
#47
bulls and bears are declared 6months after the fact... meaning its a retro active term..
much like inflation and recession are only officially announced 6 months after the up or down.

however people dont have patience and so they want to shout bull and bear too quick. thus when they get it wrong they say that it was a false bull..

actual fact is they were too impatient and want to call out things before the defined terminology meets its criteria

thus its the callers, shouters, screamers. with impatience that are the trap/false declaration .. not the market

people shouting bull or bear the day they see a rise or fall are just idiots

And the most money is probably made by taking a position during these 6 months before the market officially shows that we've been in a bull/bear market, so you have to gamble nontheless if you want to maximize your gains (which of course means maximizing risk too, but that's part of the game).
legendary
Activity: 1232
Merit: 1080
January 26, 2023, 03:18:25 PM
#46
There will always be people that will think that certain price movements are caused by manipulation or whatever theory they could think of, regardless of direction; and it's mostly voiced out by people who missed out on pumps, or bought heavily before dumps.
Or people who think they are experts and can predict the price. Most of these people are not great at what they do and they just shout out random things instead of what is happening. You have got the people who just state the obvious like what is happening now and you got the others that just go and predict something opposite to what is happening now. That is usually the predictions people make without any insight.
hero member
Activity: 1792
Merit: 871
Rollbit.com ⚔️Crypto Futures
January 26, 2023, 02:54:18 PM
#45
False bull sounds out of place, maybe too clichéd too Roll Eyes
But based on market structure the current trading range of bitcoin could be classified as a pull back trying to create a new lower high before a lower low and down it goes again... but should price keep going up breaking ~$25k price, then it's safe to say bitcoin is back on a bullish trend!
But for now fingers crossed hope the momentum doesn't fade any time soon to allow price break these psychological price barriers.
donator
Activity: 4718
Merit: 4218
Leading Crypto Sports Betting & Casino Platform
January 26, 2023, 02:20:04 PM
#44
No fake bull 4-year cycle has bottomed and this was the rally of people who knew this and were ignoring the news events, which let’s face it, might as well be called the manipulation events. Bitcoin is bigger than the scammers and fake businessmen trying to get rich from it. Ignore the noise and watch the 4-year cycle. At this point it should be so fucking obvious to anyone who has been here any significant time that if you’re still losing money trading you have only your greed to blame.
legendary
Activity: 3178
Merit: 1128
January 26, 2023, 01:41:23 PM
#43
The gradual rise in the price of bitcoin as we started experiencing this January 2023 from around 17k to now 23k (as at when this thread was made), is been described by some traders as a false bull which everyone should be careful about, but then, I wonder how something we all have been expecting while approaching the year 2023 is now coming into play, yet some persons still feel it's a false bull, while some others are pulling in more money due to the bull signs of this January.  What do we think about this as a community here?
People who think this is a false bull are spreading FUD and thats not good for the market. It's going up, let it go up and be good, why try to stop it one way or another? I mean I understand that you are afraid, but if you are afraid that this is a false bull and not a real bull run start, then keep it to yourself.

If you keep it to yourself then if it's a false bull then you would be right, and if it's not then it will go up and profit us all, and meanwhile you would not be trying to convince others of getting out because it's a false one. I honestly expect people to help bitcoin go up, but see too many people end up being terrible as it is right now and not a good method.
hero member
Activity: 2814
Merit: 574
January 25, 2023, 10:09:53 PM
#42
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$.
It's obvious that this is not a bull trap, this has been ongoing for quite sometime now and probably will continue till next month. And for those who have thought that this is a bear trap, they could have lost some money waiting for the price to decline, in my opinion.

And yeah maybe as we go to this crazy runs in the bear market, I'm also seeing that once we touch $40k-$50k there could be a huge correction. Probably the last one is this bear market before we enter next year for the block halving and then the real bull run. So we shall see.
hero member
Activity: 2002
Merit: 775
Leading Crypto Sports Betting & Casino Platform
January 25, 2023, 06:15:11 PM
#41
It's not a false bull or bull trap, as the tendency is already lasting for a whole month, and probably it will. I believe if it were a trap it wouldn't have lasted for longer than one week. Bitcoin is retaking its previous position from last year, before the time seasonal holidays started, that is usually when people cashout their funds to travel and buy gifts, consequently crashing BTC. However, there can be bull traps soon on Bitcoin's way towards superior price ranges, such as 40,000$ and 50,000$.
hero member
Activity: 2996
Merit: 609
Leading Crypto Sports Betting & Casino Platform
January 25, 2023, 05:59:37 PM
#40
The gradual rise in the price of bitcoin as we started experiencing this January 2023 from around 17k to now 23k (as at when this thread was made), is been described by some traders as a false bull which everyone should be careful about, but then, I wonder how something we all have been expecting while approaching the year 2023 is now coming into play, yet some persons still feel it's a false bull, while some others are pulling in more money due to the bull signs of this January.  What do we think about this as a community here?

As for me, I believe profit in business comes with risk taking(calculative risk) whether long or short, all anyone should always hold to heart is don't risk more than you are ready to let go in the case of loss.
Bull traps or bear traps which it isnt something that very surprising condition here on crypto space whether you are dealing with Bitcoin or other altcoins in the market which it is really just the typical

moments or conditions which you would be able to face on.One of the hardest thing on dealing up with a speculative market on which you dont know on where would be the reversal of the price
specially when its moving sideways on which there's no way that you could be able to identify out on where it would be heading and this what makes things even
more challenging.
hero member
Activity: 2002
Merit: 578
January 25, 2023, 05:51:59 PM
#39
The gradual rise in the price of bitcoin as we started experiencing this January 2023 from around 17k to now 23k (as at when this thread was made), is been described by some traders as a false bull which everyone should be careful about, but then, I wonder how something we all have been expecting while approaching the year 2023 is now coming into play, yet some persons still feel it's a false bull, while some others are pulling in more money due to the bull signs of this January.  What do we think about this as a community here?

As for me, I believe profit in business comes with risk taking(calculative risk) whether long or short, all anyone should always hold to heart is don't risk more than you are ready to let go in the case of loss.
False bull run or not it's still a good thing that it was able to break resistance on the $23k and that's a good feat for Bitcoin. Many believe that it will be 2024 or 2025 would be the great year for cryptocurrency since everyone is anticipating the halving. Bull run starts to accumulate a year before the halving so 2023 is accumulation phase.
sr. member
Activity: 833
Merit: 286
Binance #Smart World Global Token
January 25, 2023, 05:51:42 PM
#38
It's Okay, I was just wondering how fake this bull is after all this January it has been in bull phase. I just believe that this increase is very reasonable, but bitcoin only got this reaction too late after briefly down to $15K. In fact I've seen that $20K has held, and now I'm even more confident that $25K will be hit soon either through the rest of January or in February.
Actually not from a fake bull run but a recovery move from all year lows late last year, btc price has increased significantly in january but after a correction perhaps the $20k area will hold and hope never to return to this year's lows.

Quote
I just want to enjoy this hike without worrying too much about what's next. Just invest and accumulate as much as you can afford, it will get better in the long term. Then ignore people's assumptions.
The predictions and assumptions of other people cannot be used as a guideline for analysis, so other people are free to argue according to their skills but we remain focused on our investments and increase investment assets before the bullish will really come in the future.
legendary
Activity: 2590
Merit: 1178
January 25, 2023, 04:45:22 PM
#37
It's Okay, I was just wondering how fake this bull is after all this January it has been in bull phase. I just believe that this increase is very reasonable, but bitcoin only got this reaction too late after briefly down to $15K. In fact I've seen that $20K has held, and now I'm even more confident that $25K will be hit soon either through the rest of January or in February.

I just want to enjoy this hike without worrying too much about what's next. Just invest and accumulate as much as you can afford, it will get better in the long term. Then ignore people's assumptions.
sr. member
Activity: 812
Merit: 349
January 25, 2023, 03:48:45 PM
#36
What's made up of the crypto market is the upwards and downward movement of its price. The crypto market is volatile, and we expect to see this kind of movement in the price of bitcoin from time to time until the bull run starts.

Given that the current increase of $23k leaves us unsure of how high it can go, it will be premature to label this type of price movement as a bull market.

I've had bitcoin as a long-term objective, and I only recently realized that the recent price spike marked the beginning of bitcoin's recovery
hero member
Activity: 882
Merit: 507
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January 24, 2023, 07:34:19 PM
#35
Due to the market's four-year cycle, the bullish market was not typically anticipated to occur now. I believe this is why some people believed the current rise in the price of Bitcoin to be false, but as the market becomes more conscious, certain aspects of the market will change.
This development is a welcome development and a very favourable one for bitcoin investors even though the perceived bull market return have not left its circle time frame to be declared as a bull movement return.

But from the look of things, in the first quarter and early
second quarter of the year 2023.
we can be sure to be able to accurately declare whether or not we are in a bull market or bear market but at this point, we are still at recovery phase with a lot of pull back to look out for as the price struggle to gain it bullish traction.
member
Activity: 1062
Merit: 75
January 24, 2023, 07:21:37 PM
#34
Due to the market's four-year cycle, the bullish market was not typically anticipated to occur now. I believe this is why some people believed the current rise in the price of Bitcoin to be false, but as the market becomes more conscious, certain aspects of the market will change.
hero member
Activity: 2464
Merit: 585
January 24, 2023, 12:53:54 PM
#33
The gradual rise in the price of bitcoin as we started experiencing this January 2023 from around 17k to now 23k (as at when this thread was made), is been described by some traders as a false bull which everyone should be careful about, but then, I wonder how something we all have been expecting while approaching the year 2023 is now coming into play, yet some persons still feel it's a false bull, while some others are pulling in more money due to the bull signs of this January.  What do we think about this as a community here?

As for me, I believe profit in business comes with risk taking(calculative risk) whether long or short, all anyone should always hold to heart is don't risk more than you are ready to let go in the case of loss.
It is too early to tell either way, however I suppose those which claim this is a fake bull run or a bull trap do it for several reasons, the first one is the bull market is not really expected to come until much later so they think the timing is wrong, another reason is simply about probabilities, as there are many more fake bull runs than real ones, so they simply estimate this growth in the price is temporary and at some point the bears will retake control of the market.
Yes, because there is no bull run yet but what we experienced is only just a small recovery. A false bull run is when the bull run didn't lasted for a long time but I don't think someone is doing that on purpose for others to lose after they buy more due to much excitement. You are right that people who thinks of it has their own reason.

If only there is no upcoming halving, I think the views of those people will change. They have nothing to wait for which are more guaranteed so they only hope for the best at any moment. It's sad to think that there are more bears than on bulls but I think it happens for a reason. Just like in gambling there's also more losers than winners.
legendary
Activity: 1652
Merit: 2177
Crypto Swap Exchange
January 23, 2023, 07:27:31 PM
#32
It could be described as a relief rally, relief from the continual downtrend we had prior.

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.
STT
legendary
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Leading Crypto Sports Betting & Casino Platform
January 23, 2023, 07:24:32 PM
#31
It could be described as a relief rally, relief from the continual downtrend we had prior.    Just not selling all the time and the continual negative momentum, that cessation could result in a bounce in price for sure.   Not sure I would call that false exactly, its a reasonable effect seen many times over.  The question is how much of this positive mood and gains last over months not just weeks.

I wanted to look at the origins in this area, over 2 years back now.  The highs of the past summer might prove more important first of all, with a 200 week and 50 week average colliding around 25k it seems possible caution is the best approach.   The actual average isnt the resistance more of a red flag of a turn around, 25 or 27k I think could be the top of this move.  Overall I think we do ok so long as any pullback isnt too harsh, the selloff can be a positive to flush out sellers.
  Overall I dont find the move fake but unproven till we pass that retest or pullback however you might phrase it.
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