Bull Run or Bull Trap - page 11. | Bitcointalksearch.org

zeze18

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Quote from: Wysi on January 08, 2020, 03:54:01 AM

I feel this cannot be bull trap because it's not only the value of bitcoin which has increased but the value of other altcoins as well, if the past when we had bull traps they were limited to bitcoin. We need to be very active these days in order to get benefitted from it, bullrun was expected at later part of the year but not sure what is causing the bull run so early which makes us feel like it might be a bull trap.

Bull run is not started yet because when the bull run is coming, whales are gonna all in and the price would jump so high in a long time like more than a month i'm sure. So, people will hype and create the news by media to spread the world about the cryptocurrency price and i'm sure that will be hook many new investors

Pelunize12

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Quote from: kotajikikox on January 07, 2020, 09:21:55 AM

Quote from: Pelunize12 on January 07, 2020, 08:55:30 AM

but if we look at chart, $ 8,000 hasnt broken the resistance. it can't indicate that bull run will happen shortly
at least the resistance broken, then we can consider others aspect.

$8k is not a resistant for bullrun to be consider because remember we have almost touched 14$ last year and what more this year that Bitcoin Mining Halving is coming?i think the resistance must be atleast 5 digits again to be considered as bullrun.

I mean this downtrend line, at least it must be broken before bull run happen.
the near resistance is around $ 8,300 - $ 8,500, I have a hope this pump would break that.

arwin100

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Quote from: Pamadar on January 08, 2020, 04:05:11 AM

Quote from: princehandsome on January 08, 2020, 03:02:11 AM

I believe the bear market is over and this is not a bull trap because you can see the price of Bitcoin can continue to grow even though it is slow. This is the right time to buy Bitcoin and I assume if the price of Bitcoin can reach more than 15K in this year. If you feel this is a bull trap then you should make the choice not to invest, because there is no prohibition, friend.

Optimistically views this certain movements is not what we call a bull but a corrections. Bull is a real pumped hard where the value of coin will rise quickly and continuously while the one that we are experiencing is not like that. It's the cycle that can gives opportunities to all those people who are desiring to earned from this market. Assess and entrust your money where your knowledge belongs.

Apparently I don't expect for bullish trend to come this early and maybe this is just been hype for certain events and maybe it's best for us to be more careful since any movement for today is much unpredictable and we are not in the zone yet since there are certain particulars will happen first before we enter on glory days. And for this cycles maybe it's bad for us to watch the market activity and maybe it's best to join on the flow since the movement for now is solid and profitable for day trades.

Pamadar

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Quote from: princehandsome on January 08, 2020, 03:02:11 AM

I believe the bear market is over and this is not a bull trap because you can see the price of Bitcoin can continue to grow even though it is slow. This is the right time to buy Bitcoin and I assume if the price of Bitcoin can reach more than 15K in this year. If you feel this is a bull trap then you should make the choice not to invest, because there is no prohibition, friend.

Optimistically views this certain movements is not what we call a bull but a corrections. Bull is a real pumped hard where the value of coin will rise quickly and continuously while the one that we are experiencing is not like that. It's the cycle that can gives opportunities to all those people who are desiring to earned from this market. Assess and entrust your money where your knowledge belongs.

Wysi

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I feel this cannot be bull trap because it's not only the value of bitcoin which has increased but the value of other altcoins as well, if the past when we had bull traps they were limited to bitcoin. We need to be very active these days in order to get benefitted from it, bullrun was expected at later part of the year but not sure what is causing the bull run so early which makes us feel like it might be a bull trap.

princehandsome

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I believe the bear market is over and this is not a bull trap because you can see the price of Bitcoin can continue to grow even though it is slow. This is the right time to buy Bitcoin and I assume if the price of Bitcoin can reach more than 15K in this year. If you feel this is a bull trap then you should make the choice not to invest, because there is no prohibition, friend.

inanilujimi

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This is a good start to the year, whether it's a Bull run or a Bull trap, but now for me to personally add confidence to welcome this year out of the bear market.
There is nothing that I can confirm because this increase is still very short.

The Cryptovator

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No one can say right now if this pump of bitcoin is begun of bull run or it's just bull trap. I am expecting this trend would go up to around $9K. If this trend continues further then we might say bull run otherwise should be at least stable around $9K zone. If btc dump again $7K zone again then obviously we can say it was just a bull trap and whales played with us. I mentioned about btc because all other altcoin most of time follow bitcoin. But if you consider overall crypto-currency markets then still we are on bear. In order to recover markets, btc should continue up trend or should stop heavy volatility. Otherwise it will very difficult to even recover altcoins.

In my opinion, some new buyers are entering on bitcoin again due Halving. We had seen end of December bitcoin was dump especially during Christmas. Because most of people sold bitcoin to celebrate holidays. So I am suspecting most of predictors believe that 2020 would positive for bitcoin price and that's why new buyer taking entry on it. If my suspension is true then we might see real bull run coming days.

boris singer

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Quote from: hello_good_sir on January 07, 2020, 10:34:59 PM

I wouldn't short.

Even if there was to be a dump, you can't time it perfectly. And taking out a short position would mean that your position could get liquidated way before you even see any signs of bearishness come back into the market, especially when BTC just breached $8k.

So no, I think this is a legitimate bull run. Perhaps this isn't the bull market yet, but this is definitely the start of one.

the level of consolidation is still awake and many people want to consider choosing short if the movement starts to slow down, the sudden increase still has a correction threshold, and I think it will at least return to 7800 on the weekly closing chart, or jump directly above 9k, this trend is good enough to enlarge strengthening sentiment and minimizing the possibility to drop below 7k.

Getmon

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Quote from: olumyd on January 07, 2020, 03:19:50 AM

Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?

Why buy when the price is already rising? Are you buying high and selling low? The principle is buy low sell high. You should have bought when the prices was at the red. The prices right now are at the green already. You will be losing if your calls are only a wrong reaction to the market.

Naficopa

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Quote from: Omega Weapon on January 07, 2020, 10:14:41 PM

Quote from: olumyd on January 07, 2020, 03:19:50 AM

Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?

Really difficult to know at this point, we finally got a close above 8000 which is significant and the price of bitcoin reacted immediately to it and it is still going up and it has reached 8300 however when I take a look at the charts it seem we have reached the limit of what the current movement can achieve during the next hours or even days, if this level can be maintained then the bulls may try to attack the 9000 level but if we fail at that the price could easily go back to 7500.

I have the same feeling. Attacking at higher levels can result in a very large fall. Personally, I would prefer the rally to end up with a small correction and the chart went to the side. However, I'm afraid that everyone's mood has improved a lot and unfortunately a lot of people will fall into the bull trap. I hope I'm wrong.

hello_good_sir

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I wouldn't short.

Even if there was to be a dump, you can't time it perfectly. And taking out a short position would mean that your position could get liquidated way before you even see any signs of bearishness come back into the market, especially when BTC just breached $8k.

So no, I think this is a legitimate bull run. Perhaps this isn't the bull market yet, but this is definitely the start of one.

Omega Weapon

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Quote from: olumyd on January 07, 2020, 03:19:50 AM

Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?

Really difficult to know at this point, we finally got a close above 8000 which is significant and the price of bitcoin reacted immediately to it and it is still going up and it has reached 8300 however when I take a look at the charts it seem we have reached the limit of what the current movement can achieve during the next hours or even days, if this level can be maintained then the bulls may try to attack the 9000 level but if we fail at that the price could easily go back to 7500.

dodgrad

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We have to admit that the year has started very optimistically, and everyone on the market is very hungry for price increases. I think this will be the reason why whales will want to make a bull trap out of it. In my opinion it is too early for growth. There are still several months to halving. I think real price increases will start a month or two before halving.

samcrypto

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Quote from: JahriMeayer on January 07, 2020, 01:25:49 PM

yes it seems that there are signs of bullrun but there are several steps to confirm bitcoin entered bullrun if the price rises above 8000, and if bullrun occurs it is better to buy altcoin because altcoin will follow the price of bitcoin

Better to buy now before the bull run starts, this is expected this year and many analyst prepare for this one. Hopefully not a bull trap anymore but its more on a good pump and real up trend. Let’s wait for more price pump in the market before we conclude, its too early to say that this is just a bull trap.

Johnyz

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Quote from: olumyd on January 07, 2020, 03:19:50 AM

Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?

Not a bull run and not a bull trap, this is just a short bounce back and if we reach the $10k level again, i think its not a bull trap anymore. You should bought more last year because many investors believes that 2020 is a bull year. Don’t think too much about negativity, stay positive and this is just a start.

olumyd

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Quote from: Trela on January 07, 2020, 05:42:56 AM

Quote from: olumyd on January 07, 2020, 03:19:50 AM

Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?

In my opinion, the price of Bitcoin is rising just because the political situation between the US and Iran is increasingly tense...

Btw, now is also a good time for the scalping traders Roll Eyes

Did someone say scalping... That's my middle name - would love to scalp this market even more till thy kingdom come! But really, I'm more of the long term plan as far as 2020 is concerned. Thinking if I should just hedge a little while long and see where this market is headed before making any decision. Don't want to take chances like previous years.

suzanne5223

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Quote from: olumyd on January 07, 2020, 03:19:50 AM

Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?

The suddenly uptrend in the price of the market is something that should be expect because this have been the occasion of the crypto market when halving is coming but that doesnt mean the market is in bullish stage or trap because the market is in manipulation stage (it can experience surge and dump in price anytime).

JahriMeayer

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yes it seems that there are signs of bullrun but there are several steps to confirm bitcoin entered bullrun if the price rises above 8000, and if bullrun occurs it is better to buy altcoin because altcoin will follow the price of bitcoin

fortunecrypto

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Quote from: olumyd on January 07, 2020, 03:19:50 AM

Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?

Let's just say we are in a better position than what we've had 5 or six months ago or when Bitcoin was in the $6000 level, and on buying now, I think it's really up to you, if you have the means and you are investing what you can afford to lose, you can always do that anytime you want.

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