Could this be a trap? - page 3. | Bitcointalksearch.org

Oasisman

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Quote from: MainIbem on June 22, 2023, 02:25:43 PM

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

You are asking for an impossible, no one knows what the price would be tomorrow and nobody can ever give you an accurate prediction and of course results. Because if someone do, we could've been all millionaires now lol.
Anyway, you should have accumulated now while the price is still considered low. One of the things that some investors may have missed opportunity is to buy earlier than later when the price starts climbing up. FOMOing ain't always guarantee you a good return though. You should think wisely while we are now fast approaching with the halving.

waONE

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I think Bitcoin is very strong for the next bullish,
because for the past few weeks Bitcoin has been strong above $ 30k and I believe the trap doesn't work anymore,
Moreover, the news about Microstrategy has also bought Bitcoin is a good addition to Bitcoin, of course this will be positive.

Amejoaquim

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Who knows? When i'm thinking the market gonna go down and then it turn into up. Always. I don't know why.
What can i say is there some BIG entity entity/community/company or whatever it is control the market.

Inspiron14

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Quote from: jasonjm on June 25, 2023, 01:38:21 PM

Quote from: MainIbem on June 22, 2023, 02:25:43 PM

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

No one in the crypto market can predict with absolute certainty how the market is going to behave. However, by analyzing past price action and trends, I believe there is a possibility that this could be a trap to lure more people into the market, especially considering the prolonged negative sentiments. It is possible that whales may now require exit liquidity.

Therefore, I suggest that anyone who intends to buy should hold on for a bit, analyze the news, and connect the dots before making any decisions.

It should be like that because if we just make a decision to buy it will be risky,
the importance of doing research and analyzing the news because then the decisions we make have at least some basis,
what is clear is that the crypto market continues to move and continues to follow its developments.

gurunanakji777

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As an experienced participant in the crypto space, you are aware that it is impossible for anyone to provide a flawless analysis or predict the sentiments and expectations of every trader or investor. However, in my personal view, the current market appears favorable and I do not anticipate a significant decline from this stage. Nevertheless, it is possible for corrections to occur at any moment. At present, I hold a positive outlook. We have already been enduring an extended period of bearish market conditions and are hopeful that the trend will shift in the near future.

someone703

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Quote from: danherbias07 on July 01, 2023, 12:07:00 AM

Read recent news and then you will find the answers.
1. Keyword - Bitcoin ETF
Because of that news, a big wave happened with Bitcoin which pulled a lot of altcoins up. This just means there's a way to be added in big investment companies like Blackrock which I do believe is a big deal.

But I will still get ready if I were you.
The SEC versus Binance charges is still there and the traders in the said exchange might dump any minute so it's still better if we are not too optimistic about this green light. It could be anywhere and the volatility of Bitcoin will not be gone. Once it is also dumped by those who are taking their ROI, there's a chance it could go back to its past month's value.
Register for movement notifications so that you can monitor what is going on every hour or every day.

I have also looked at and heard from several sources regarding this event, which honestly to me are valid reasons to represent the price of bitcoin, since without them they would over time we're still going to have to go up, seeing yesterday's volatility and looking at it's reaction to the news that the SEC isn't well documented with ETF proposals, I think it's kind of an opening in the future when they'll accept accept it, just as the SEC and binance controversy will cool down over time, it's easier to see when we enter a new bull cycle that there won't be much interest in the so-called FUD.

v3liana

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Could be. Firstly i think the market gonna crash because of the problem between SEC and Binance, the day news comes out all of the market has become red. Then 1 week later the news about ETF make the price green again, this investment full of surprise and scenario. So just hold the coin you believed.

danherbias07

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Read recent news and then you will find the answers.
1. Keyword - Bitcoin ETF
Because of that news, a big wave happened with Bitcoin which pulled a lot of altcoins up. This just means there's a way to be added in big investment companies like Blackrock which I do believe is a big deal.

But I will still get ready if I were you.
The SEC versus Binance charges is still there and the traders in the said exchange might dump any minute so it's still better if we are not too optimistic about this green light. It could be anywhere and the volatility of Bitcoin will not be gone. Once it is also dumped by those who are taking their ROI, there's a chance it could go back to its past month's value.
Register for movement notifications so that you can monitor what is going on every hour or every day.

wxa7115

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Quote from: Rampagoe004 on June 25, 2023, 10:43:10 AM

I've never heard of a bear trap. I've heard of bear season or bull season. But what has happened in crypto trading is what cannot be predicted. There is no theory about how the market will move. But I am not a market analyst. Let me know if what I have thought was a mistake.

A bear trap and a bull trap are very common terms used to describe some market conditions, for example if the market is trending upwards and then a reversal seems like it is coming, this could make some traders to sell their assets, only for that reversal to never appear and the upward trend to continue, this is a bear trap and as you may guess the opposite of this scenario is a bull trap.

Now is this what we are seeing? Who knows, the 30k resistance level has been very difficult to surpass so I can understand why some traders may think a reversal is coming.

jasonjm

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Quote from: MainIbem on June 22, 2023, 02:25:43 PM

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

No one can predict the market trends with certainty. By checking the past trend, a person can somehow predict the price action. I think this is a trap to lure in more investors for exit liquidity.

Therefore, I suggest you not invest in the market at the moment, analyze the news, and connect the dots before making any decisions.

beerlover

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Quote from: MainIbem on June 22, 2023, 02:25:43 PM

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

There wouldn't be a trap I think, it looks like it's going to be a good case of just investing at the right time and we are doing fine, all the people who think that we are investing at the wrong time and this could be some sort of trick are just worrying for no good reason and they shouldn't, it's doing fine right now.

The best thing to do for bitcoin is the fact that we are going to end up with a good result for the long term and should be dealing with whatever good can come out of it. I know people are not worried about it all that much, but the best thing to do right now is just to go for it and purchase bitcoin so that you are not too late. If you think this is a trap, then do not get in, but do not regret it later when you see everyone making a profit.

yazher

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When it comes to the movement of the price in the crypto market, anything is possible whether that was a sign of continue increasing of the price of altcoins or just merely little positive turn of event in the market because of numbers of reason. Either way, we need to be vigilant when we start to put our money in our altcoins of our choice because it could be just a temporary increase and it will be back again to lower price in the next days. So it is recommended to fully research the project in order to maximized the security of your investment.

Cling18

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Quote from: Rampagoe004 on June 25, 2023, 10:43:10 AM

I've never heard of a bear trap. I've heard of bear season or bull season. But what has happened in crypto trading is what cannot be predicted. There is no theory about how the market will move. But I am not a market analyst. Let me know if what I have thought was a mistake.

I don't think it's a trap because changes like this usually happens and is a part of the market's volatility. We have to deal with the bearish and the bullish season and it's up to us to handle it emotionally. If you feel like you're being trapped them focus on holding as the prices would bring you a roller coaster ride of emotions. Just continue holding or just take advantage of the market situation and accumulate potential coins while you're in fear. Often times, we mistakenly thought of the correction period as the bullish trend but in fact, it is normal for the market to face the recovery period. The crypto market is unpredictable so we must expect indefinite changes all the time and must be well prepared to deal with its volatility.

Rampagoe004

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I've never heard of a bear trap. I've heard of bear season or bull season. But what has happened in crypto trading is what cannot be predicted. There is no theory about how the market will move. But I am not a market analyst. Let me know if what I have thought was a mistake.

LogitechMouse

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Quote from: MainIbem on June 22, 2023, 02:25:43 PM

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

What you said might be true, or it might be not as well.
Analysts giving accurate results? I guess you're just dreaming. Analysts who are saying their opinions on the current market are just speculating as well just like us. They might seem experts, but they can't predict the market with 100% accuracy. Why? it's because no one can predict the market.

Bear trap or not, this current uptrend gave good profits to those who positioned long in their trades. Anyway, some made profit, and some lost their money, but me as a Bitcoin holder isn't affected that much by this because I'm holding for long term. I guess expect a downward movement in the upcoming weeks as investors might take profit again, and we might see Bitcoin go below $30,000 again.

Diplester6666

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Quote from: MainIbem on June 22, 2023, 02:25:43 PM

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

I might be wrong but I think you got 'bull trap' and 'bear trap' wrong. AFAIK a bear trap would be where bears get trapped. In your case you're talking about bulls getting trapped and hence this would be a 'bull trap'.
Again, I might be wrong but others can confirm.

waONE

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To be honest, I don't think Bitcoin going up to $31k is a trap, because I read a lot of good news for Bitcoin this month,
so it's normal for the Bitcoin price to recover to $31k, and yes, even though Bitcoin is still correcting below $31k I'm still comfortable.
because according to the TA that I made Bitcoin could reach $35k this month before another correction to continue its journey.

cryptoaddictchie

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Quote from: MainIbem on June 22, 2023, 02:25:43 PM

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

Hard to predict the outcome of the market. But we all knew that more good news are keep pouring in. This is a good sign in my opinion and some take it as bullish in the direct market sentiment. There are some fuds before but probably was just a set up for something bigger. Anyway who doesnt want a bargain sale before going to the moon right?

monineklutak

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Bitcoin will reach $40k if it stays above $30k if at the end of this week it doesn't dump,
take it easy this last week is less than a few hours away and Bitcoin will be confirmed to go up,
I'm sure this is not a bull trap so don't worry, accumulate and buy as much as possible.

southerngentuk

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It can be said that Bitcoin in particular and cryptocurrencies in general always have an irresistible "magic" for speculators and venture capitalists. With an increasing number of investors participating in the market, many people lack knowledge about both the market and security. Especially when they are often caught up in the direction of news and strong market fluctuations. Therefore, it is not possible to determine the direction as well as the high psychology that makes the decisions more difficult. This will be bad when the market suddenly goes bad; it will knock you down at any moment. So be careful in front of this market; even if it is a beautiful green color, maybe it will knock you down at any time.

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