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Topic: Its a bull trap now - page 4. (Read 897 times)

sr. member
Activity: 1666
Merit: 268
March 05, 2021, 10:17:22 AM
#30
Indeed, we should be careful with the current bull run, but there hasn't been a bearish trend until now. Proving that the influence of institutions is
very strong on price movements in the market,  therefore Bitcoin has only made a few minor corrections over the past 4 months. Therefore,
to guard against bull traps, there is nothing wrong if we want to invest in Bitcoin in stages. Don't buy a lot of Bitcoin and altcoins for now,
we have to see the development of the Bitcoin price in March first. If it doesn't drop below $ 40k by the end of March,  I'm a optimistic that
the possibility of a Bitcoin bull run until now aren't a bull trap.
full member
Activity: 896
Merit: 100
March 05, 2021, 09:52:36 AM
#29
I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.
I think in past few months market has pumped hard so it is natural for it to cool down and people can take profit or exit so im contented that this slow or accumulation phase that can last for a couple of weeks will prove to be good for the market and it will grow from here and next leap up will be bigger.
I think this is the moment when traders and investors are also feeling a little panicky or worried about the market situation.
just look at BTC experiencing a quick correction but it's back in stabilization again. only BTC has had a fast recovery, unfortunately, many altcoins are getting a big correction too but they are slow to readjust to the market.
sr. member
Activity: 1624
Merit: 267
March 05, 2021, 09:38:35 AM
#28
Bull trap is really happen but now I don't think so because we know the bull run now is real and we are really happy of what the crypto already reached. But for those people who are planning to invest to the crypto will be ready for what is possible to happen to their investment because we do not know what is the future of the bitcoin and altcoins.
member
Activity: 1008
Merit: 12
SAPG Pre-Sale Live on Uniswap!
March 05, 2021, 09:30:59 AM
#27
I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.
I think in past few months market has pumped hard so it is natural for it to cool down and people can take profit or exit so im contented that this slow or accumulation phase that can last for a couple of weeks will prove to be good for the market and it will grow from here and next leap up will be bigger.
full member
Activity: 2184
Merit: 100
SOL.BIOKRIPT.COM
March 05, 2021, 09:29:55 AM
#26
I don't think Bear is powerful than bull now. Currently market makes correction but Yes in the current market scenario we have to wait for some time rather than taking a risk because we do not know what will be the next move of the market because the market is slowly-slowly dropping or we can say consolidating at the moment So we have to wait for next move confirmation then take a decision on that basis.
full member
Activity: 714
Merit: 104
March 05, 2021, 09:28:26 AM
#25
Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.
I am completely agree with you. The bull market of 2017 lasted 4-5 months and the bull market of 2020 already completed 4-5 months. I think now the market will slowly go down. So those who are willing to invest anew should think a little more. I think now is the time to collect our profits.
I believe that there is no need to compare the indicators of the cryptocurrency market in 2017 with today. The fact is that all processes are now taking place in a completely different way. The current cryptocurrency market looks more stable and attracts large amounts of investment capital, which primarily considers Bitcoin as a valuable asset for profitable long-term investment, and not as a speculative asset. Based on this, I am inclined to believe that the current period is just another correction that arises on the way to even greater results. At least time will tell who is right and who is wrong.
hero member
Activity: 2940
Merit: 613
Winding down.
March 05, 2021, 09:16:09 AM
#24
Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.
I am completely agree with you. The bull market of 2017 lasted 4-5 months and the bull market of 2020 already completed 4-5 months. I think now the market will slowly go down. So those who are willing to invest anew should think a little more. I think now is the time to collect our profits.
Not what I see and I don't want to consider the last 2017 bullish end trend gives the same insight to what will happen this year coz it was not the same.
From $52k and it just drops at $48k this time (at posting), that was not a so-called trap and we are still far from entering the bearish season.

If the price of Bitcoin bounces back low at $30k, that was the time we are about to say that bearish season had come to start. But as long as we have at this current position, that was not close to the possibility. I still have to hold by Bitcoin.
member
Activity: 369
Merit: 16
$CYBERCASH METAVERSE
March 05, 2021, 09:06:36 AM
#23
It's a good advice but risk takers will keep taking risks and keep making money, the truth is this bullrun can last longer than many prepared for, we've seen some corrections and also even more adoption on btc, I sense this is just the beginning, this bullrun might be the longest one yet
hero member
Activity: 2128
Merit: 520
March 05, 2021, 08:48:09 AM
#22
Probably the bull run is over and what we are seeing like a bounce back could be a bull trap. It's hard to say though or to conclude as the market is still too volatile, but the moment bitcoin will dump below $40k, I think there will be bigger panic that will happen, and more so it will make bitcoin to dump more.

We can't say that, like what you have said it's tough to conclude that bull was already done,

and what inside the market is an open opportunities to everyone to position whatever they

think the market will go. It's tough since volatility is always here, but unlike what happened

last 2017, the current market now do have the participations of institutional investors, well-known

business owners who knows and understand the value of long term investments.  DYOR helps a lot

observe and analyze to avoid making mistkes and lose big stake of your fund.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
March 05, 2021, 08:24:10 AM
#22
If we are not trying to trade, we will never know if that is a bull trap or not.

I think I can risk some money to trade to see the situation in the market. I can accept it if I lose that money in trading and I consider that is my lesson to get more experience in analyzing the market.

We already know that since this year, the crypto market becomes volatile and sometimes, it is hard to analyze the movements.
hero member
Activity: 2982
Merit: 610
March 05, 2021, 08:28:36 AM
#21
I love the way you think that bear months will come in the next few days. Maybe it will but possibly, next few days NEXT year. The market gain for now is not so tricky, not at all, I don't think it was a bull trap either. Because if we consider the factors that hold the market price to sustain for how many days, that is an indication that getting back to $5k as we previously experience seems impossible.
full member
Activity: 2128
Merit: 180
March 05, 2021, 08:14:26 AM
#20
After we failed on staying above $50k, I think Bitcoin will still try to break it and we still have the chance go up but if not, then bear is about to begin and the panic sellers will start selling. I have to agree that we already reach the peak, its been a good run aiming for a higher price and I guess its about time to take some rest again and enter into another bear trend, this is normal though.
full member
Activity: 1470
Merit: 105
👉bit.ly/3QXp3oh |🔥Launchpad on TON
March 05, 2021, 07:56:40 AM
#19
I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

I think bearish has happened twice, which is when the price of Bitcoin was corrected,
1. when the price of Bitcoin hit $40k and dropped to $34k;
2. then when the price of Bitcoin increased to $ 58k and dump to $ 45k.
therefore in my opinion there is still a possibility that the price of cryptocurrency will increase even higher (bull run), because the market has been bearish twice (correction), but for now bearish that happened is different from previous years, so in my opinion we don't need to wait for investing in cryptocurrency, because you will lose the opportunity to get profit from investing in cryptocurrency at this time (the price of Bitcoin and some altcoin is down), so this is an opportunity for us to get profit from investing in cryptocurrency before the market rises again (bull run).
hero member
Activity: 3010
Merit: 666
March 05, 2021, 07:56:05 AM
#18
Probably the bull run is over and what we are seeing like a bounce back could be a bull trap. It's hard to say though or to conclude as the market is still too volatile, but the moment bitcoin will dump below $40k, I think there will be bigger panic that will happen, and more so it will make bitcoin to dump more.
sr. member
Activity: 2030
Merit: 356
March 05, 2021, 07:34:43 AM
#17
I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

As long as bitcoin does not close the day above 52,000$, we are in the bearish zone. The price dips many times to 47-48K but recovers because there is a lot of support too at these level. There is a big resistance as well as big support. We need to watch out which one break first ?
hero member
Activity: 1932
Merit: 504
March 05, 2021, 07:06:15 AM
#16
I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

Some people says that the market were in correction and good for accumulation it is expected a huge increase of price in the next upcoming weeks. Yes I think we should watch what will happened to market first before investing.
hero member
Activity: 1834
Merit: 566
March 05, 2021, 06:25:25 AM
#15
I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.
The Crypto market might be a speculation setting but the current market season is never extra hype though the bearish market should be expected from now till the weekend which was what happened last week what we're seeing now is a replication.
 
If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.
Invest now is never before it Monday is never a wrong decision than waiting for 2-4 weeks.

November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.
Yes, there seems to be no bearish signal because we're in bullish market season and the market usually experience slight market correction instead of the bear.
legendary
Activity: 3178
Merit: 1054
March 05, 2021, 05:31:11 AM
#14


it's still not breaking the support. its not still bear season. the last time we see the dip, it took almost $42k but right now its still just $46k. we can't consider it dropping below to be considered breaking out the support. we may see another proclamation from elon or saylor how much they've bought with this week's dip and then we can see another spike. the two are the ones making this market alive.
sr. member
Activity: 1610
Merit: 264
March 05, 2021, 05:17:10 AM
#13
~
Not just hypes but also from celebrities hypes on where it came from, OP.
I don't hate Elon Musk and in fact I even respect him, but the hype he brought to some coins is quite large that it pumped the price of many coins even DogeCoin if I can recall correctly.
I didn't invest in Doge so I am not sure how it went.
hero member
Activity: 1820
Merit: 537
March 04, 2021, 09:38:40 PM
#12
It is nice to have a back-up plan when you are investing. If you are looking long-term enjoy the dip and keep buying, even with the recent correction the price recovers. The recent bull-market had several corrections which is a good opportunity to grab some decent coins. If you will compare the recent bull-market chart, based on the parabolic cycle, we are just about the middle of the bull-market and the alt season is yet to come. Just invest what you can afford and if ever create a back-up plan, set where to cut your losses or just hodl.
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