Price is up, volume is down, Is this a bull trap? - page 2.

preshpr1nce

member

Activity: 266

Merit: 60

Quote from: Red-Apple on June 15, 2018, 07:07:48 AM

i don't really pay much attention to the volume at times like this. i focus on the price and the fact that it got pumped for a short time. in any case what i see is a temporary rise in both price and volume thanks to some faint good news and if anything it is a bull trap not a bear trap. because rises like these aren't going to last long.

You are correct, bull trap is the correct term will update the title.

Red-Apple

hero member

Activity: 1470

Merit: 655

i don't really pay much attention to the volume at times like this. i focus on the price and the fact that it got pumped for a short time. in any case what i see is a temporary rise in both price and volume thanks to some faint good news and if anything it is a bull trap not a bear trap. because rises like these aren't going to last long.

preshpr1nce

member

Activity: 266

Merit: 60

Quote from: passwordnow on June 15, 2018, 06:42:18 AM

Quote from: preshpr1nce on June 15, 2018, 06:08:28 AM

Noticed the volume is still in decline but the price is increasing, could this be another bump before we test $6k again?

I don't care if it's a bear trap.

What we have to do is to pass on this bearish market and just ignore what's on our way. I'll move forward and look on my holdings in the future not for today's.

Not every ones a holder, in this market I rather trade, too many coins have lost value and are continuing to lose value, if this goes on till the year end holders will regret it.
So yes knowing if this is a trap is important for my method

audiman

jr. member

Activity: 51

Merit: 1

price will probably go down again , we are for sure in a bear market , but never forget , we are in crypto world here where everything can happen overnight , the worst like the best

passwordnow

hero member

Activity: 3066

Merit: 577

Leading Crypto Sports Betting & Casino Platform

Quote from: preshpr1nce on June 15, 2018, 06:08:28 AM

Noticed the volume is still in decline but the price is increasing, could this be another bump before we test $6k again?

I don't care if it's a bear trap.

What we have to do is to pass on this bearish market and just ignore what's on our way. I'll move forward and look on my holdings in the future not for today's.

onebtcforlife

member

Activity: 420

Merit: 10

Don't worry about the current total volume because once the volume starts increasing we can able to expect higher price with the Bitcoin and other coins. If you feel it is a trap then stay away from the market until market cap starts increasing.

preshpr1nce

member

Activity: 266

Merit: 60

Noticed the volume is still in decline but the price is increasing, could this be another bump before we test $6k again?

Topic: Price is up, volume is down, Is this a bull trap? - page 2. (Read 245 times)