Topic: Bull Trap in progress! (Read 151 times)
It's not a bull trap, Maybe a correction if you going to look at daily chart. Actually this is a good news compare the past weeks that it ranges around 7000-8000. All you have to do right now is accumulate and wait! Crypto hodlers always win and sell it on bull run.
The current state of the Crypto-currency market does not seem to be the continuation of the bullish trend. It seems that bitcoin is in the tunnel and artificially restrained within certain limits. I hope the bullish trend will resume in the near future and we will see bitcoin price above 10,000 already in early May.
Little bit frustrating that the chart goes down down i don't figure it out at all they look the same, I know alts will have a major bull run very soon. Next month would be amazing thing. I know bitcoin will pump at the end of may and Early June. So better accumulate now before it's too late.
This is the playground of the shark, not the playground of the poor want to get rich. Bull trap is obvious, after a shark cycle will push prices down and lift up to attract new investors. So no surprise.
The current state of the crypto-currency market seem to be the tunnel, in which bitcoin price artificially restrained within certain limits. I hope the bullish trend will resume in the near future and we will see bitcoin price above 10,000 already in early May.
I prefer to enjoy the moment & try to get max of every moment that I can. there are many traps in our life, scaring doesn't help. Be ready for a bright future )
Possibility is very high that these big pumps are just bulltraps,because someone has enterd our market causing the bitcoin's value very bullish,we should see some corrections few hours or days from now because this is how these big players plays they want us to think that the market is in bullish trend so we can buy these shitcoins,after that they will dump the market again.
Bitcoin:
An individual or group are setting themselves up for a BIG trading profit
OR
They might be long term holders
I think we are heading towards 13000$ level, I would love to see that level, from there I am fixing my profit in bitcoin and buying it later at a lower price! I hope we finally rise as everyone is tired of market, basically being in small range, level prices! Everyone including me, are waiting for the market to go up. I still think, this year is going to be very hard for cryptocurrency market An individual or group are setting themselves up for a BIG trading profit
OR
They might be long term holders
Some financial institutions has joined in that is why we saw a dramatically increase in bitcoin's value which caused most of the coin in the market grows,but we should see some possibility of a big dump after this,as the market manipulators loves surprises we should be more vigillant and alert all the time so that we can avoid big loss in our portfolio.
This is how bull runs go, a person, group, or institution puts in a large chunk of money, volume and price spikes, the entire market turns green.
Then, those who have been crying and hodling gets their hope up and start moving things around, market continues uptrend.
People get excited and start to freely trade, there is steady growth.
Media then gets a hold of it and runs news bits about how bitcoin is rising in value, newbies see this and FOMO like crazy.
Then, that is when insane amounts of money start pouring in and the price skyrockets.
It happens fast and if you are not on top of it you can miss some crazy opportunities for profit.
The last couple months you should have been consolidating your portfolio to make some big moves, whether that be an ico or an undervalued coin or larger capital in btc or eth to make big trades.
So far, its looking good, and if we all collectively jump into it again, then we will ensure that our own market jumps into the next crypto boom.
...or, enough people are still scared and nervous and this bump ends in a couple days...
Then, those who have been crying and hodling gets their hope up and start moving things around, market continues uptrend.
People get excited and start to freely trade, there is steady growth.
Media then gets a hold of it and runs news bits about how bitcoin is rising in value, newbies see this and FOMO like crazy.
Then, that is when insane amounts of money start pouring in and the price skyrockets.
It happens fast and if you are not on top of it you can miss some crazy opportunities for profit.
The last couple months you should have been consolidating your portfolio to make some big moves, whether that be an ico or an undervalued coin or larger capital in btc or eth to make big trades.
So far, its looking good, and if we all collectively jump into it again, then we will ensure that our own market jumps into the next crypto boom.
...or, enough people are still scared and nervous and this bump ends in a couple days...
hope hope hope, think, guess, we hope you hope everyone hopes..
c'mon...
hope is for church...
Can we talk facts here please?
c'mon...
hope is for church...
Can we talk facts here please?
The only traps are the ones you set in your head and it limits you from making money. Enjoy the moment and stop scaring yourself by telling yourself it's a bull trap or bear trap. Scared money doesn't make money.
Guys this is a sign of bullish market making its come back as predicted by many technical and fundamental analysts that the bearish market will give way to bullish market starting from the summer season. So,don't miss the last opportunity to buy deep as the bull rule continue in progress.
This seems to be the normal trend in crypto market, just as we have had in the post years. I cannot be called a bull trap. This is the era of another phase of bull run in the crypto market. Although some influential and big names have just entered into the market and it is likely to boost the price of Bitcoin. What is happening now is an indication that the market is stabilizing.
I heard that today some whale or big money entered the crypto market, may be it is the day of new dawn and market moving towards recovery from here, i hope the market performance will be ballistic in next months.
I really hope so. Today the forum has gone into the discussion of this flight. Let's see what happens next. I hope this isn't another trap.
or maybe it's because of the series of announcements from the giant and wealthy businessmen who does invest into cryptocurrencies and people are just trying to FOMO this past 24 hours.
I really appreciated that the long wait would be over because we are indeed bleeding together with the market and my Crypto Assets aren't that have a good value since last February.
Hopefully the crypto market will recover and this is just a beginning.
Bitcoin:
An individual or group are setting themselves up for a BIG trading profit
OR
They might be long term holders
An individual or group are setting themselves up for a BIG trading profit
OR
They might be long term holders
Nobody knows what those whales, individual or groups of investors are up to on pumping Bitcoin since yesterday but I only do believe that we already hit the rock-bottom of the dropping and this week would be the time to pump it up so that investors and holders will do have profits and earnings since the last 3 months.
This will be good news for every crypto enthusiasts but still many had doubted that it will only last for a short period of time.
But hopefully we are wrong and it should be Bitcoin will once again lead the crypto market into it's recovery.
I heard that today some whale or big money entered the crypto market, may be it is the day of new dawn and market moving towards recovery from here, i hope the market performance will be ballistic in next months.
I really hope so. Today the forum has gone into the discussion of this flight. Let's see what happens next. I hope this isn't another trap.
Take profits while you can,because as far as my technical analysis shows,a possible bull trap is coming ! so we need to be alert when bitcoin's value has started to fail again,always take cutlosses so you can prevent your investments be torn apart by these market manipulators! it seems its very easy for bitcoin to crack down the resistances and its clearly someone who has billions of dolalrs on hand who are trying to pump the market up.
People are still debating...some other people said it's just big whales walked into the market...who knows, I can't see clearly what's going on behind the curtain, but I'd be supercareful in investing further
I heard that today some whale or big money entered the crypto market, may be it is the day of new dawn and market moving towards recovery from here, i hope the market performance will be ballistic in next months.
I really hope so. Today the forum has gone into the discussion of this flight. Let's see what happens next. I hope this isn't another trap.
It's not a bull trap, it's the Q2 bull run that happens every year. Lots of new investors copying george soros and getting in on the action. They are just getting started, this is good news for hodlers that have been patiently waiting for it to go green again
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