Bull trap? Or price going back to 4k for real? - page 2.

asriloni

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Leading Crypto Sports Betting & Casino Platform

Quote from: Wind_FURY on September 26, 2017, 12:47:33 AM

There is too much analysis in this thread arguing for both sides. Keep it simple, and buy Bitcoin on the dip. Ever since the scandal of MtGox, Bitcoin has been going up, then dip a little and it would go up again breaking out from a range everytime. All the FUD flung in its way have no effect.

Is there any reason why this should change?

I can assure that all these fud which back then successfully making the price gets dumped hard are just temporary, at the end bitcoin always regaining its price and break new ATH, if I'm wrong, please can someone else point me out which moment bitcoin didn't break new ATH after getting dumped hard.
I'm sure that all these fud are actually whales trying to gather bitcoin cheaply as much as they can, can't say more.

nizamcc

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I think that Bitcoin's taking its turn now as if it would have been a bull trap, BTC couldn't have held up to the price of 3750 and would have been dumped suddenly as no movements were seen in the markets but it chose to go bullish and trends show that the price is definitely going towards bullish end, so without thinking wrongly just watch out the price breaking 4k in a matter of hours.

geyayy

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I have checked the exchange rate of bitcoin to US dollars, and it is now $3957.33, if it continue to go higher, we will reach the $4000 mark today. And I hope it will continue, so don't correlate China's issue here, because it is a matter of supply and demand.

Lampaster

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I think that this price is legitimate. Whales are trying to shake the market using the rumors about ban of China. But user expectations are too high. All have become accustomed to spikes in food prices and therefore the price always returns to $ 4,000.

hase0278

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Quote from: luivacc on September 25, 2017, 12:04:56 PM

A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?

Looks like a trap to me. I wouldn't dare to even buy at this point where it seems like whales are playing up. It can be dangerous at times because right now, there is a lot more volume on dumps than upward trends so it will be safer if we all hold the bitcoin we got now and not dare buy more. If it were to rise I would still be good with it but the chance of it going up is not that high and not that low so it is possible.

notme

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Everyone is so sure of themselves. Looking at the 15 minute charts, I see a trap. In fact, I sold some at $3950. Lower highs, lower lows. Decreasing volume on up moves; increasing volume on down moves. If we are going up, why is the herd following the sellers? I'm prepared to be wrong, are you?

carlosmg

newbie

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At this point chances are high that it will go above $4,000... The main question to me is how high can it go. I think the main limiting factor will be the segwit2x nonsense.

bitcoindusts

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I think the trap had been broken

so this one is not a bull trap anymore. Price going back to $4k is real and I believe that it will go stratight to 5k since I think the confusion caused by Chinese government is fading. Aside from that the upcoming upgrade for bitcoin network signals a bullish trend so i guess we will observe series of ATH in the coming month.

hello_good_sir

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Quote from: luivacc on September 25, 2017, 12:04:56 PM

A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?

The price has stabilized, instead of crashing as soon as it reached the peak. It has pulled back from the high by around $50 but that is quite a small amount anyways. Plus, the chinese FUD seems to be gone now and people are genuinely interested in accumulating cheap coins below $5000.

Of course this could be a bull trap, but, looking from right now i don't think it is one because of that.

I have quite a positive prediction, i think that price is going to be at least $4300 by the end of the week, potentially even more.

Kyraishi

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Quote from: luivacc on September 25, 2017, 12:04:56 PM

A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?

It shouldn't be a bull trap.

However we are seeing some sort of pullback here, which is i think necessary for us to get to the next level of $4000+. The pump is probably because people saw that the price stabilized at $3500 and regained confidence in buying.

I'd expect much higher rises in price in the coming days. This bull market shouldn't be over just yet.

OracionSeis

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Quote from: cafucafucafu on September 25, 2017, 09:36:34 PM

Quote from: luivacc on September 25, 2017, 12:04:56 PM

A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?

Probably just the tip of the bull run coming up in my opinion.

Even if this is a bull trap it'll go much higher than the current price level(at least break $4k comfortably) before falling back down. We're currently just nearly at $4k and once we break it, the growth will be much faster.

That's why imo it's probably one of the better times to buy right now for a short term profit.

It seems breakdown again after created a bullish trap, it can not breakout $4,000 and dropped down. At the moment, the price of Bitcoin is ~3,850 dollar, if in next few days the price of Bitcoin still can not keep higher than $3,500 I believe it will be continue fall down to below $3,000.

Wind_FURY

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There is too much analysis in this thread arguing for both sides. Keep it simple, and buy Bitcoin on the dip. Ever since the scandal of MtGox, Bitcoin has been going up, then dip a little and it would go up again breaking out from a range everytime. All the FUD flung in its way have no effect.

Is there any reason why this should change?

magneto

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Quote from: luivacc on September 25, 2017, 12:04:56 PM

A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?

Probably not a bull trap.

Otherwise price wouldn't be stable right now but instead be crashing down already. But it is still holding up at a price level above $3900 quite nicely it seems, which makes me think that this is most likely a legit pump and demand for bitcoin is up once again.

Still though, price seems to be stuck at the resistance level of $4k. I'm confident it'll break it sooner or later this week, though.

cafucafucafu

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Quote from: luivacc on September 25, 2017, 12:04:56 PM

A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?

Probably just the tip of the bull run coming up in my opinion.

Even if this is a bull trap it'll go much higher than the current price level(at least break $4k comfortably) before falling back down. We're currently just nearly at $4k and once we break it, the growth will be much faster.

That's why imo it's probably one of the better times to buy right now for a short term profit.

dodopool

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Quote from: faaty on September 25, 2017, 01:41:18 PM

Yes, bitcoin broke out and it goes to 5k and even more.

Remember, technical analysis is the best. News comes the next.

Just follow your chart even though the prediction looks impossible to you

You did technical analysis to claim it will go to 5k and more?

Would you care posting a screen shot of your long position? If I were as confident as you, not just emotional rambling but with technical analysis, I would've started longing "long" ago

machinek20

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The price moving too fast, it will has a great chance to bounce back, so I think it is a bull trap , a great rising is constant and simultaneously, so it is a slow rising and stable, that is the real rising but the price is really unpredictable in this few weeks, so need to be careful when taking action

bitcoin31

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4k is real we need only 80 dollars to reach bitcoin that price. Because as of not the price is 3920 dollars and for sure it will see 4k dollars maybe this day or tomorrow. So be ready guyz . Promote bitcoin to us so the price will continue to increase . September 30 is nesr and maybe the price will decrease because of china do . But dont worry we are here support bitcoin and we will see again 5k dollars is the next target.

exstasie

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Quote from: luivacc on September 25, 2017, 12:04:56 PM

A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?

It's too early to say for sure. It's possible that we saw a short squeeze that will fail at resistance. However, I think that's unlikely. Bears have failed to make new lows for 4 days now, and not for a lack of trying! So it looks to me like we are in accumulation mode until we break the $4120 resistance and continue the local uptrend.

Mid term, I think it's still possible that Masterluc's scenario plays out. We could see $4500 here and still be on our way to new lows.

fabiorem

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Its a bulltrap because I bought some.

Everytime I bought it falls some 5% in the next day.

That's why I'm a hodler. I'm afraid of shorting it and lose even more.

Kidmat

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Quote from: dead_m92 on September 25, 2017, 05:11:10 PM

Well i think that we all were waiting for this moment, it was time for it to reach $4000 again, i am selling a few bitcoins right now, since i need a little amount of money for paying some bills, and seeing bitcoin a little bit high seems like a perfect opportunity. By the way, bitcoin will probably reach $4,50k this week, and i hope that happens soon, it would be a good signal that the price is moving to 5k

Yes many have been waiting this to happen to reach the 4k soon. Price fluctuation daily and actually we couldnt tell whats the next thing will happen. But in this situation I am hoping bitcoin will rise so we could earn profit.

Topic: Bull trap? Or price going back to 4k for real? - page 2. (Read 1586 times)