Bull Run or Bull Trap - page 2. | Bitcointalksearch.org

bittraffic

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Quote from: davidroux on April 27, 2020, 06:29:27 AM

Quote from: Arkann on April 16, 2020, 01:35:07 PM

Quote from: Smitty Werben Man Jensen on April 14, 2020, 10:43:54 AM

Quote from: olumyd on January 07, 2020, 02:19:50 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?

we are still not in a bullish market, if you can see the chart of the 1 day time frame, Bitcoin is forming a Rising wedge, and usually this pattern will give a touch of the price down, you have to be careful for now, if the BTC price can touch $ 8000, this pattern will fail and the Bullish is returns

If we take into account the performance of Bitcoin back in 2020, in any case, we can talk about a bullish trend in the cryptocurrency market. But this applies only to Bitcoin and Ethereum, as well as several rating cryptocurrencies, but not the entire cryptocurrency market. Although I used to believe with confidence that Bitcoin affects all cryptocurrencies that represent promising projects, now the situation is completely different.

Now only the top coins have risen well during these hard times and things have definitely changed completely when the covid-19 came out. I think the next time will be a decisive time for the next trend of the crypto market and you definitely need to be more careful as this can be a trap. At present, the world situation is very complicated and there is no certainty at this time.

It's possible that this is a bulltrap that they make it appear like it's growing steadily. Remember that the whole crypto marketcap was up to $300B before the crisis. If those whales are manipulating this market they can easily put their money back up and then drag down again. Those investors who had bought at more than 10K last year are either not coming back anymore or sold their coins at a loss because they need the money for the lockdown.

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Quote from: olumyd on January 07, 2020, 02:19:50 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?

Since you made this thread the price of Bitcoin is experiencing a Bulltrap, the increase from $ 7,000 to $ 10,000 then in March plunged to $ 3800, really a great whale plan, I hope you don't buy at $ 10000, we know that bitcoin before halving won't touch All Time High, but after Halving it can happen

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Quote from: Arkann on April 16, 2020, 01:35:07 PM

Quote from: Smitty Werben Man Jensen on April 14, 2020, 10:43:54 AM

Quote from: olumyd on January 07, 2020, 02:19:50 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?

we are still not in a bullish market, if you can see the chart of the 1 day time frame, Bitcoin is forming a Rising wedge, and usually this pattern will give a touch of the price down, you have to be careful for now, if the BTC price can touch $ 8000, this pattern will fail and the Bullish is returns

If we take into account the performance of Bitcoin back in 2020, in any case, we can talk about a bullish trend in the cryptocurrency market. But this applies only to Bitcoin and Ethereum, as well as several rating cryptocurrencies, but not the entire cryptocurrency market. Although I used to believe with confidence that Bitcoin affects all cryptocurrencies that represent promising projects, now the situation is completely different.

Now only the top coins have risen well during these hard times and things have definitely changed completely when the covid-19 came out. I think the next time will be a decisive time for the next trend of the crypto market and you definitely need to be more careful as this can be a trap. At present, the world situation is very complicated and there is no certainty at this time.

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Quote from: Smitty Werben Man Jensen on April 14, 2020, 10:43:54 AM

Quote from: olumyd on January 07, 2020, 02:19:50 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?

we are still not in a bullish market, if you can see the chart of the 1 day time frame, Bitcoin is forming a Rising wedge, and usually this pattern will give a touch of the price down, you have to be careful for now, if the BTC price can touch $ 8000, this pattern will fail and the Bullish is returns

If we take into account the performance of Bitcoin back in 2020, in any case, we can talk about a bullish trend in the cryptocurrency market. But this applies only to Bitcoin and Ethereum, as well as several rating cryptocurrencies, but not the entire cryptocurrency market. Although I used to believe with confidence that Bitcoin affects all cryptocurrencies that represent promising projects, now the situation is completely different.

Slow death

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Quote from: Smitty Werben Man Jensen on April 14, 2020, 10:43:54 AM

Quote from: olumyd on January 07, 2020, 02:19:50 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?

we are still not in a bullish market, if you can see the chart of the 1 day time frame, Bitcoin is forming a Rising wedge, and usually this pattern will give a touch of the price down, you have to be careful for now, if the BTC price can touch $ 8000, this pattern will fail and the Bullish is returns

this has been the point of discussion of the news channels in the last few weeks with some people saying that the price could drop to $3000 and others saying that the price could go up a lot, I took the liberty of posting something interesting:

bitcoin hash rate erases march losses before epic difficulty surge

if the price of bitcoin increases a lot, then the price of altcoins can also increase a lot, but as you said, everything will depend on whether the price can increase above $8000

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Quote from: Smitty Werben Man Jensen on April 14, 2020, 10:43:54 AM

Quote from: olumyd on January 07, 2020, 02:19:50 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?

we are still not in a bullish market, if you can see the chart of the 1 day time frame, Bitcoin is forming a Rising wedge, and usually this pattern will give a touch of the price down, you have to be careful for now, if the BTC price can touch $ 8000, this pattern will fail and the Bullish is returns

Olumyd I think that sudden market movements are happening all the time in crypto-market, not just
in the last few days! Bullish and bearish trends are a common happening in crypto! After few years you see that
for yourself.
Smitty Werben we are not in the bullish market, the price is struggling to maintain this level. Some experts
predict bad weeks for crypto-market. Even with so many negative news I still believe that halving will make
some changes and maybe open second part of this year with some nice bullish rise.

Smitty Werben Man Jensen

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Quote from: olumyd on January 07, 2020, 02:19:50 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?

we are still not in a bullish market, if you can see the chart of the 1 day time frame, Bitcoin is forming a Rising wedge, and usually this pattern will give a touch of the price down, you have to be careful for now, if the BTC price can touch $ 8000, this pattern will fail and the Bullish is returns

Botnake

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Quote from: imstillthebest on April 13, 2020, 03:14:29 AM

there is no bulll run that occur this year yet but there is a big dump that happen lately .

There was a big dump but bitcoin was recovering and that is a good sign of a strong market, right?

Quote from: imstillthebest on April 13, 2020, 03:14:29 AM

now prices are moviing up again and this can be a trap because i feel that the value can go down again due to the corona outbreak which was still here . if outbreak was sort out and people going back on thier normal lives , that could be the only a time we can see a continous recovery , a recovery that can lead to a real bull run . i dont say that im fully accurate here but this is what i only feel for now .

I don't see it moving up and if did move, we can't call it a bull up as there was no significant movement that we can call a bullish movement.
Bitcoin has been moving sideways now, so the market is quite uncertain and I know we can understand that.

It's hard to expect a bull run during this pandemic.

imstillthebest

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there is no bulll run that occur this year yet but there is a big dump that happen lately .

now prices are moviing up again and this can be a trap because i feel that the value can go down again due to the corona outbreak which was still here . if outbreak was sort out and people going back on thier normal lives , that could be the only a time we can see a continous recovery , a recovery that can lead to a real bull run . i dont say that im fully accurate here but this is what i only feel for now .

itsv

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Another thing to notice here is that the RSI indicator which shows over bought and over sold levels is at historically low levels weeks before the bitcoin halvening.
source: https://twitter.com/100trillionUSD/status/1249309338822418433

inoes

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for now it is more likely to be a bull trap. because crypto market conditions are closely related to international financial conditions. some difficult choices are choosing to secure assets between Bitcoin, Altcoin, or the dollar, gold, or currency of each country, and between each option can trap you. So in my opinion bullish is still far away

itsv

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Most countries, especially the U.S. and Europe, are in a state of panic as the number of coronavirus cases continue to surge on a day-to-day basis. These are uncertain times according to Arthur Hayes the ceo of BITMEX we may re-test the 3K levels again for bitcoin. Though he did mention that by the end of this year btc may hit 20k levels .

Onuohakk

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Crypto market seems unpredictable. Nobody can ascertain whether we're heading to bull run or bull trap. In which ever way it seems, just remember that ''bitcoin has come to stay'' and the bull run will surely come around someday.

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Quote from: olumyd on February 17, 2020, 11:58:00 AM

Quote from: ?? on ??

Quote from: jarhed on February 16, 2020, 12:15:33 PM

Now it is impossible to say that there are bulls in the market, and also it is impossible to say that there is a bull's trap in the market now, while the market is preparing for growth.

There’s no assurance and the trend can be change easily so its better to focus on your personal goal rather than focusing on the stress in the market. It can be a bull trap again since we dumped again but hopefully its correction and this dump will be a good correction for a better future, let’s aim for a bull run and not for the bull trap.

Sometimes you have to look at the bigger picture. If there's a bull trap, it means the current rally won't last. And a lot of people will get hurt during the correction.

people which are bullish will be hurt no matter if they are just investing for long term, of course everyone who are at the same side would love to see a bullish price but experience will tell us that it does not happen all the time, there is no parabolic increase that would last forever, it needs to be corrected and to make it positive, we need to think of correction than a dump.

olumyd

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Quote from: jarhed on February 16, 2020, 12:15:33 PM

Now it is impossible to say that there are bulls in the market, and also it is impossible to say that there is a bull's trap in the market now, while the market is preparing for growth.

There’s no assurance and the trend can be change easily so its better to focus on your personal goal rather than focusing on the stress in the market. It can be a bull trap again since we dumped again but hopefully its correction and this dump will be a good correction for a better future, let’s aim for a bull run and not for the bull trap.

Sometimes you have to look at the bigger picture. If there's a bull trap, it means the current rally won't last. And a lot of people will get hurt during the correction.

olumyd

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I see several telegram channels say bitcoin has started to enter a bullish trend, one of the factors is that bitcoin halving and also the price movement in the chart bitcoin has entered a bullish trend. so this not bull trap

That's just the thing, I think we the whole halving thing is just over subscribed and might be our undoing as traders if we don't factor in other players. The current market had already factored in the halving. And this may just be the best case scenario for us right now. I don't mean to sound like a prophet of doom. But I'm not sure the market is ready for a new all time high credit to halving.

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Now it is impossible to say that there are bulls in the market, and also it is impossible to say that there is a bull's trap in the market now, while the market is preparing for growth.

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Quote from: Furious 7 on February 16, 2020, 08:12:32 AM

Quote from: Omega Weapon on February 15, 2020, 01:31:24 PM

Quote from: btc_angela on February 09, 2020, 06:52:08 PM

Right now? I don't see that we are in a bull trap.

The price is steadily going up everyday, we have seen this kind of phenomena in a bullish cycle. The price gains might be slow though, and others call this a mini bull run. But this could be the start of a big run in the coming months, specially as we approach the bitcoin block halving event in May.

It is clear this is not a bull trap the rise in the price has been sustained and it has been very slow, if the price begins to go down then many people would have obtained great profits out of it and only those that FOMO will lose money, so I do not see how anyone could tell this is a bull trap even if the price went below 6500 which is the previous low, but right now I do not see any possibility of bitcoin going that low ever again in its history.

I don't think the decline will be that low because bitcoin is good at times like this, believe me it's only a short correction then bitcoin will fly again in the next few days.
Even though the decline is quite severe, but I will not think negatively about the current situation, only we need an appropriate and precise analysis of the movement.

I also think that this decline will not occur deeper. because halving events are in plain sight. but we still have to be aware of all the possibilities that can happen in the market.

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Quote from: Omega Weapon on February 15, 2020, 01:31:24 PM

Quote from: btc_angela on February 09, 2020, 06:52:08 PM

Right now? I don't see that we are in a bull trap.

The price is steadily going up everyday, we have seen this kind of phenomena in a bullish cycle. The price gains might be slow though, and others call this a mini bull run. But this could be the start of a big run in the coming months, specially as we approach the bitcoin block halving event in May.

It is clear this is not a bull trap the rise in the price has been sustained and it has been very slow, if the price begins to go down then many people would have obtained great profits out of it and only those that FOMO will lose money, so I do not see how anyone could tell this is a bull trap even if the price went below 6500 which is the previous low, but right now I do not see any possibility of bitcoin going that low ever again in its history.

I don't think the decline will be that low because bitcoin is good at times like this, believe me it's only a short correction then bitcoin will fly again in the next few days.
Even though the decline is quite severe, but I will not think negatively about the current situation, only we need an appropriate and precise analysis of the movement.

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Quote from: olumyd on February 09, 2020, 12:33:33 AM

Quote from: leetcoiner on February 04, 2020, 11:55:30 AM

The market has been gradually moving upwards for a long time, so I think it's not a bull's trap, it's likely to be a bull run soon.

That's exactly what a trap looks like, lure people in and then WHAM! Remember 2017 bull run, same thing happened. Chart was looking nice - uptrend and all the speculations around Futures, and ETFs. And then the dip that left making scarred. This time, I do hope BTC stays up longer.

Halving still a few more months, of course this bullish trend will still continue no worries, but the risk is still in the price now, if the support is not strong, then we will see $9500 again

the possibility of a slight correction can still occur before halving. but it will make a lot of people panic, please be careful. we cannot predict correctly what is likely to happen in the future.

Topic: Bull Run or Bull Trap - page 2. (Read 3431 times)