Could this be a trap? - page 6. | Bitcointalksearch.org

lunnatic

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Quote from: btc_angela on June 22, 2023, 11:06:38 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.

Just remember that we are still in the bear market, so anything goes, the price could drop massively, or we can have a sideways pattern or the market from time to time will have it's rally, just like what we have seen with the current price of ETH, it has gain already in the last 2 days, same with BTC.

So if everything goes, then when the price goes down, it's a buy signal.

If the price continue to go up, then do just DCA and you will be fine specially if you are looking for long term.

It is true that the market is still going up and down and currently it is still in a bear market,
when the price goes down that's when we need to make the best use of it to buy to make a profit,
that's a good suggestion and we'll see how it turns out.

btc_angela

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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.

Just remember that we are still in the bear market, so anything goes, the price could drop massively, or we can have a sideways pattern or the market from time to time will have it's rally, just like what we have seen with the current price of ETH, it has gain already in the last 2 days, same with BTC.

So if everything goes, then when the price goes down, it's a buy signal.

If the price continue to go up, then do just DCA and you will be fine specially if you are looking for long term.

Sebas.tian

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Based on the signal that occurred yesterday in the market, showed that bullish season is about to happen in the market for those that invested in Bitcoin to get ready to achieve passive income that will give them celebration. Since the price of Bitcoin was able to hit above $30,000 yesterday, showed that bearish market will not extend to next week before the bullish market will take over, because many investors are very ready to experience bullish so that they can use the opportunity to recover from their losses they experienced last year. I think, the opportunity to buy Bitcoin and hold is still there because the price is not too high yet which will allow those that missed the opportunity before to use this period to embrace it.

adaseb

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Crypto is rallying because of the positive news with the spot Bitcoin etf. Generally blackrock gets their etfs approved by the sec. So since they applied and 2 other companies also filed for a Bitcoin etf, it had a good chance of getting approved.

If approved then the bitcoins will need to be purchased and stored in coinbase custody. So there is less and less supply and price has to go higher. And ETH is just along for the ride same with other alt coins.

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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.

Whatever it is.
Whether it's a trap or not, as long as we can optimize anything to get profits and can take advantage of it, why not? It doesn't matter if it's a trap or not, as long as we can make a strategy that is ready with various possibilities. If it's a trap, at least we've taken profits, even if a little. And later maybe do DCA again when the market is down. The point is, if we can take advantage of every moment to get profits, why not? Don't get too fixated on traps or not, but on what we can do at any time so that we get an advantage.

Johnyz

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Probably, but if you are bullish about the market then this short trend will not matter as you are looking for a more expensive market that is about to happen very soon.

DCA is the best option for me, but right now I have to wait for the price to stabilize and have some correction, don’t chase the pump because you can be wrong and the market is very unpredictable right now.

Wexnident

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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.

That would be literally every pump of any solid alt market. Honestly, if you were new to the market, you should've bought during the dip, not when it was going up already. Looking at the chart the market was generally on the positive through out the past half a year, heck it actually grew instead, so I wouldn't be surprised if it suddenly broke down. Seeing as it's a stable growth though and not exactly a sudden pump, there should be higher chances of it stabilizing instead.

If you were shorting then it doesn't really matter whether it's a bear trap or not, you'd always adjust for what you need. If long, then just buy and maybe DCA. You're not thinking for the next few weeks or months anyway, it'd probably take a year at least before you come back and decide whether to sell or not.

goaldigger

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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.

It could be a bull trap but its hard to know, you can only say this once we already saw some signal. The market is getting better and its a good sign, but I can say that it will not be an easy pump after all and there will be corrections as well. If in doubt then wait for confirmation and don’t rush in the market buying, if BTC breaks another resistance, that’s a good sign of a real up trend.

MainIbem

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Quote from: Wiwo on June 22, 2023, 03:43:20 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 to 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?

The fact is that there is no time that we can say we have confidence in the market but to some level yes we are at a price regime where many of the major cryptocurrencies like Bitcoin and Ethereum are making a huge price movement on the positive directions, but to say this is the best time to buy, then you may be wrong with that because you already missed the last discounted price in most coins and entering the market at this time seems a little bit too in a hast and at a wrong time.

But if you already holding for the long term, I advised you not. To sell off at this price because the possibility of bitcoin price moving above the present price is clear and even if the price will correct it will be in a minimal amount before it picks up again.

I wasn't holding any specific amount I wanted buy during last dip but this came to me that the market could possibly go low so was still watching the market before it changes it direction to a potential Green which I think I am already left out of the race, that was why I asked if I could get into the market presently seeing that bitcoin taken another new dimension. The sudden change might be as a result of good news or positive sign for bitcoin growth.

Wiwo

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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 to 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?

The fact is that there is no time that we can say we have confidence in the market but to some level yes we are at a price regime where many of the major cryptocurrencies like Bitcoin and Ethereum are making a huge price movement on the positive directions, but to say this is the best time to buy, then you may be wrong with that because you already missed the last discounted price in most coins and entering the market at this time seems a little bit too in a hast and at a wrong time.

But if you already holding for the long term, I advised you not. To sell off at this price because the possibility of bitcoin price moving above the present price is clear and even if the price will correct it will be in a minimal amount before it picks up again.

cabron

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Whatever goes up always has to come down also but seems too early to say that it will come down. It may dip a bit for like a week of red and then most likely go straight up still. When BlackRock started their announcement, a lot of his fellows are also filing their own spot ETF. This would really be bad if sooner they'd announce, they were kidding. An investor who sold his house all for BTC may really be the most upset person in the world blaming Blackrock.

You just have to keep watching the market, you wouldn't know when they start dumping.

Ultegra134

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The current recovery is likely to be a result of Binance reaching an agreement with the SEC after several days of negotiations. During that time, a large variety of Altcoins that were declared securities plummeted in value. Only Bitcoin and maybe Ethereum managed to retain their ground. Some claim that the whole incident wasn't as serious as it was portrayed, especially if you take into account how quickly it was resolved in an attempt by the media, perhaps whales, and people of influence to manipulate the market.

With that being said, the current upward trend is likely to be only temporary; without claiming that it'll crash again, such sudden growth in the market can hardly be sustained.

Kelvinid

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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 makes you confused is that you never trust your investment and this will somewhat affect your thinking and certainly drive you to doubts and uncertainty. In fact, you already know that the market trend will go up and down, it doesn't it was a trap as it goes like that. If you're buying today and just hold when it dumps, you never lose any $$$ but if you sell them because of worries, that was your mistake.

I encourage you to stop thinking about the "bear trap" but rather make you understand that it will come. All you need is to trust and give faith.

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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.

A bear trap usually pump quick for a short period of time then dump immediately. The current pump is happening for more than a day and just reach the previous high before the SEC FUD started to affect market price. The current pump is also supported by a very bullish news so there’s no way that this is a bull trap since everyone is buying including whale and retail since we are confident that SEC will be less aggressive agains crypto market after the recent ETF filings by multiple company with notable filings by Blackrock.

This pump might be the start of the real bull run because this is different from the previous run since it’s backed by a positive news that is worth believing to be positive on crypto.

$crypto$

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

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 gives accurate analysis results, we can only predict the movement of coins and currently, there is a green trend in the market because of some positive news that causes prices to increase, starting with bitcoin, other altcoins also follow market trend movements.

I think this is not a trap of becoming a bear because after crossing this limit the market will survive in the future, but we must be aware that the market cannot be predicted even if it later experiences a correction so this is a natural thing.

MainIbem

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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.

Topic: Could this be a trap? - page 6. (Read 839 times)