The Start of a Bull Season on Bitcoin? Or a Trap? - page 3.

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Quote from: nimogsm on January 26, 2023, 03:37:31 PM

Quote from: Joshapat on January 26, 2023, 04:33:04 AM

I believe that the difficult situation has passed, after the FTX case ended with investors crying, now is the time to be more vigilant and choose exchanges, it's better to use exchanges for instant transactions, don't store large amounts of assets because bad things can happen, at least there isn't negative sentiment yet which makes the market panic so naturally bitcoin will continue to grow positively in 2023.

Investors' confidence in the exchanges is returning thanks to a public report on their reserves.And users start their media on the exchange again.While the biggest interest is in bitcoin, alternative coins have not been much in demand lately.The main thing is to keep the level above 23k and then we can expect further growth.

Don't trust the public their reserves are still if we keep assets on the exchange it's not our money because they fully recognize it, so it's better to avoid knowing enough with the FTX collapse that once the money is gone it will never come back again.
Use a non-custodial remote wallet recommendation.
In theory investor interest in bitcoin has been around for a long time whereas for altcoins to create hype because they just come there to wait for it so I've always avoided any alternative coins because there's just no interest.

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Quote from: kawetsriyanto on January 26, 2023, 03:54:23 PM

Quote from: ivankoh on January 25, 2023, 06:22:43 AM

I don't think these New Year's positives are a trap, it's the natural driver of the bitcoin trend. I'm not sure if the winter bear market will actually dissipate, that's just part of the optimism about the market's recovery. Next time will prove it but clearly the market is not in the bull season yet

I think you are right. It looks like the positive trend in the early 2023 is natural, it is likely not a fake or a trap. In fact, the price of Bitcoin and most altcoins still continue to increase until now, no big dump so far. Even, Bitcoin price can survive above $23k and seems to try achieving $25k as soon as possible. If it is a trap, after the big pump in early January, we already see some dumps now. But until now, crypto trend looks good and no significant bad news. So, the price of crypto coins to stay positive increasing more. However, it is true that the bearish season isn't over yet, it probably ends in the next year.

The market is currently still recovering and accumulating again, which is what many people did when the price was still lower. Those who can take advantage of this opportunity can be said to be very lucky because the price is still low and they can continue to hold their bitcoins until the price rises high. But I'm not sure that the $25k price will be reached soon, especially since we are already at the end of January. But there is a possibility that in the next month, the price can go up higher but we don't know how high the price can go up and if it does go up high, will there be a deep correction that might occur?

Dave1

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Quote from: cryptomaniac_xxx on January 20, 2023, 08:56:19 AM

Quote from: Pierre 2 on January 20, 2023, 07:10:00 AM

I am following markets closely since this big jump happened. I feel like its too good to be bull trap. In bull traps demand would be inconsistent and unbalanced, making price fluctate a lot. But with this move, it felt like some people literally filled their wallets to get ready for greater bull run in next halving period. I think we will all realize if this was trap or not in next 45 days. I would bet my money on it being real start of bull run honestly. I can't say further increases will happen that soon as well, demand can be limited for such short time window. But people would be less interested in selling/shorting.

Yes, and as far as I can understand in a bull trap, the increased will not last this long. But in our case, since the start of January, we are in a continues spike so just maybe we are not in a bull trap anymore. Maybe in the beginning, we have doubts that this could just be a trap set up by the bears.

45 days though is long enough to realized if we are in a bull trap or not, just saying.

Let's see how long can we sustained this run though, it's $21,500, now we are back into the $21'ish range again.

We have sustained it already since you last post and we even had to breach $23k already, so yeah, is not bear trap and we don't know how long will this because it seems to be a sustainable run to $25k at least, or that's where I'm seeing this bull run that we are witnessing.

Although it's crazy, we just started this year and then from $16k-$23k, that is a huge increased and we don't know where the buyer is coming from. I'm just hinting that those who went out and sold at $16k is trying to get back at the market again.

kawetsriyanto

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Quote from: ivankoh on January 25, 2023, 06:22:43 AM

I don't think these New Year's positives are a trap, it's the natural driver of the bitcoin trend. I'm not sure if the winter bear market will actually dissipate, that's just part of the optimism about the market's recovery. Next time will prove it but clearly the market is not in the bull season yet

I think you are right. It looks like the positive trend in the early 2023 is natural, it is likely not a fake or a trap. In fact, the price of Bitcoin and most altcoins still continue to increase until now, no big dump so far. Even, Bitcoin price can survive above $23k and seems to try achieving $25k as soon as possible. If it is a trap, after the big pump in early January, we already see some dumps now. But until now, crypto trend looks good and no significant bad news. So, the price of crypto coins to stay positive increasing more. However, it is true that the bearish season isn't over yet, it probably ends in the next year.

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Quote from: Joshapat on January 26, 2023, 04:33:04 AM

I believe that the difficult situation has passed, after the FTX case ended with investors crying, now is the time to be more vigilant and choose exchanges, it's better to use exchanges for instant transactions, don't store large amounts of assets because bad things can happen, at least there isn't negative sentiment yet which makes the market panic so naturally bitcoin will continue to grow positively in 2023.

Investors' confidence in the exchanges is returning thanks to a public report on their reserves.And users start their media on the exchange again.While the biggest interest is in bitcoin, alternative coins have not been much in demand lately.The main thing is to keep the level above 23k and then we can expect further growth.

DOH!

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Quote from: Joshapat on January 26, 2023, 04:33:04 AM

I believe that the difficult situation has passed, after the FTX case ended with investors crying, now is the time to be more vigilant and choose exchanges, it's better to use exchanges for instant transactions, don't store large amounts of assets because bad things can happen, at least there isn't negative sentiment yet which makes the market panic so naturally bitcoin will continue to grow positively in 2023.

Yah, Bitcoin has always had momentum and strength in the market but there is always time for a recovery and consolidation. A lot of pain to the market has taken place, which is a hard fact to accept. I believe the power and confidence of the decentralized exchange is coming very close after the fall of FTX. Form a belief and optimism back only bitcoin generates. I think the market will move sideways for a few days before there is a better recovery movement.

Joshapat

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I believe that the difficult situation has passed, after the FTX case ended with investors crying, now is the time to be more vigilant and choose exchanges, it's better to use exchanges for instant transactions, don't store large amounts of assets because bad things can happen, at least there isn't negative sentiment yet which makes the market panic so naturally bitcoin will continue to grow positively in 2023.

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Quote from: traderethereum on January 25, 2023, 06:47:07 AM

Quote from: ivankoh on January 25, 2023, 06:22:43 AM

I don't think these New Year's positives are a trap, it's the natural driver of the bitcoin trend. I'm not sure if the winter bear market will actually dissipate, that's just part of the optimism about the market's recovery. Next time will prove it but clearly the market is not in the bull season yet

I also thought that, maybe it really was time for bitcoin to start increasing and finally to this point bitcoin has been above $20k.
This $22k figure is very good because bitcoin can already start to recover even though it will still be difficult to reach a bullish season and we don't know when.
But this gives us hope, especially new people who don't know about the bitcoin cycle or are confused about the price that hasn't started to rise high again.
And bitcoin is currently trying to come back on the defensive after a correction came into the market again.

I am ready to admit I was wrong, I thought a decrease in the price was imminent as the recovery we were experimenting was too fast for my tastes, but even if there was a small decrease a day ago it was nothing like what I expected it could happen.

At this stage I ask myself how high the price will go before we see a stronger pullback? Because even if the growth is welcome it is difficult for me to believe we could make such fast transition between a bear market and a bullish one.

traderethereum

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Quote from: ivankoh on January 25, 2023, 06:22:43 AM

I don't think these New Year's positives are a trap, it's the natural driver of the bitcoin trend. I'm not sure if the winter bear market will actually dissipate, that's just part of the optimism about the market's recovery. Next time will prove it but clearly the market is not in the bull season yet

I also thought that, maybe it really was time for bitcoin to start increasing and finally to this point bitcoin has been above $20k.
This $22k figure is very good because bitcoin can already start to recover even though it will still be difficult to reach a bullish season and we don't know when.
But this gives us hope, especially new people who don't know about the bitcoin cycle or are confused about the price that hasn't started to rise high again.
And bitcoin is currently trying to come back on the defensive after a correction came into the market again.

Yaunfitda

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Quote from: ivankoh on January 25, 2023, 06:22:43 AM

I don't think these New Year's positives are a trap, it's the natural driver of the bitcoin trend. I'm not sure if the winter bear market will actually dissipate, that's just part of the optimism about the market's recovery. Next time will prove it but clearly the market is not in the bull season yet

Yeah, I think everyone is very positive with the movement this January, we have touch $23k already. So that is big jump from our lowest low of $15,500. But it seems that $23k is a big barrier that we have to break at this point.

But in any case, even if we remain at $22k, still very good price as the bear market might be over for now.

Let's just remain optimistic for 2023, and hope no events this year like the FTX or Terra Luna will happen so that the market will have a smooth ride to $30k and higher price.

ivankoh

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I don't think these New Year's positives are a trap, it's the natural driver of the bitcoin trend. I'm not sure if the winter bear market will actually dissipate, that's just part of the optimism about the market's recovery. Next time will prove it but clearly the market is not in the bull season yet

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Quote from: Baofeng on January 20, 2023, 09:58:11 AM

we have seen a quick dump when it went from $21,500-$20,800 if I'm not mistaken. And yes 45 days? Lol, that's not a good indication for a bull trap or bull run because of the market's volatility, a good 2 weeks is already enough to determined with direction we are going to take.

So far the price is again above $21k which means the bear is back on the market and taking over again after a dump.

And so we might see a continues rally again till the end of the month and see where we are.

I agree that we shouldn't make calculations from every movement, is this something that gives us a message on which direction it goes? Maybe, it could be or maybe it isn't and we still do not know. We shouldn't try to read the market just from a few things, it will cause us to lose a lot of money if we try to trade based on every single movement.

It is better to just let it be for a while and we could just calculate it later on when it shows itself a little bit more. If it reaches to 23k and then 25k, then it is obviously a bull run, and it was a bull run since 17k, if it goes down to 18k again then it wasn2t. We just need to give it some more time.

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Quote from: salad daging on January 19, 2023, 10:48:39 AM

Quote from: kamvreto on January 18, 2023, 01:10:00 PM

now the price is dropping dramatically, yesterday it had reached a high of $ 21,400. The market is also getting saturated, already overbought, so it's time to go down and try to go down to the nearest support. gradually the price continues to fall and if it passes $20k it will continue towards $19k.
The movement at the beginning of the year was indeed quite significant, but the correction that will occur will also be deeper. The halving is still a long way off and this year may be a year that doesn't have too much movement.

Since the increase in the last week bitcoin has not decreased very drastically it is still trying to survive at the price level of $ 20,700 but I don't know if this is really a bull-trap or will continue to try at the same level but in terms of graphics bitcoin is still quite strong in $20,000 threshold.
Well I believe this correction will definitely happen but with the movement in 2023 it won't go more than ATH before we still haven't passed the halving in 2024 so maybe it will stay at the $20k or $30k level.

We have been at $20k for a few days now or weeks so I think this wasn't a bull trap anymore. If it's a bull trap then we already go back to $17k or even drop lower than that long time ago. It seems that the history repeats itself again. $20k should be our new support and then later on we will rise up to $24k and will do an attempt to hit $25k.

If it's a success then we should rise continuously. Corrections can happen as it was part of how this marker works but I think it's different from a bull trap right? Because why their terms are not the same then. I too believe that we won't past the ATH this year but I am positive that we will surpass the $30k level.

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Quote from: OnZen on January 18, 2023, 12:31:27 PM

What do you think?

Historically, bull run has steady phase before the next halving and I'm not being optimistic until we've break some major resistance above $21k. We might see sideways market from here on out, I'm just too optimistic 2024 would feel different so I'm still in DCA mode. For me, I'm just being simple here and breaking resistance/support is my green flag on where the market is heading.

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Quote from: dimonstration on January 20, 2023, 09:15:08 AM

Quote from: Pierre 2 on January 20, 2023, 07:10:00 AM

I am following markets closely since this big jump happened. I feel like its too good to be bull trap. In bull traps demand would be inconsistent and unbalanced, making price fluctate a lot. But with this move, it felt like some people literally filled their wallets to get ready for greater bull run in next halving period. I think we will all realize if this was trap or not in next 45 days. I would bet my money on it being real start of bull run honestly. I can't say further increases will happen that soon as well, demand can be limited for such short time window. But people would be less interested in selling/shorting.

Are you serious about your statement and all the data you provided especially the 45 days test to determine if this is not a bull trap or not? Do you realize that the current price fluctuation only occurred less than 2 weeks while the price is now on sideways in a low time frame? It will just take a few days after the 2nd weekly candle to determine whether this movement is a bull trap or not. Try to view the chart in a longer time frame before you make such a comment about the current condition of Bitcoin price. There's a high chance for a bull trap instead of a continuous rally if the weekly candle closes below 21k. This kind of relief rally always follow by quick dump on following weeks if my assumption is correct with this price behavior.

Right, and we have seen a quick dump when it went from $21,500-$20,800 if I'm not mistaken. And yes 45 days? Lol, that's not a good indication for a bull trap or bull run because of the market's volatility, a good 2 weeks is already enough to determined with direction we are going to take.

So far the price is again above $21k which means the bear is back on the market and taking over again after a dump.

And so we might see a continues rally again till the end of the month and see where we are.

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Quote from: Pierre 2 on January 20, 2023, 07:10:00 AM

I am following markets closely since this big jump happened. I feel like its too good to be bull trap. In bull traps demand would be inconsistent and unbalanced, making price fluctate a lot. But with this move, it felt like some people literally filled their wallets to get ready for greater bull run in next halving period. I think we will all realize if this was trap or not in next 45 days. I would bet my money on it being real start of bull run honestly. I can't say further increases will happen that soon as well, demand can be limited for such short time window. But people would be less interested in selling/shorting.

Are you serious about your statement and all the data you provided especially the 45 days test to determine if this is not a bull trap or not? Do you realize that the current price fluctuation only occurred less than 2 weeks while the price is now on sideways in a low time frame? It will just take a few days after the 2nd weekly candle to determine whether this movement is a bull trap or not. Try to view the chart in a longer time frame before you make such a comment about the current condition of Bitcoin price. There's a high chance for a bull trap instead of a continuous rally if the weekly candle closes below 21k. This kind of relief rally always follow by quick dump on following weeks if my assumption is correct with this price behavior.

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Quote from: Pierre 2 on January 20, 2023, 07:10:00 AM

I am following markets closely since this big jump happened. I feel like its too good to be bull trap. In bull traps demand would be inconsistent and unbalanced, making price fluctate a lot. But with this move, it felt like some people literally filled their wallets to get ready for greater bull run in next halving period. I think we will all realize if this was trap or not in next 45 days. I would bet my money on it being real start of bull run honestly. I can't say further increases will happen that soon as well, demand can be limited for such short time window. But people would be less interested in selling/shorting.

Yes, and as far as I can understand in a bull trap, the increased will not last this long. But in our case, since the start of January, we are in a continues spike so just maybe we are not in a bull trap anymore. Maybe in the beginning, we have doubts that this could just be a trap set up by the bears.

45 days though is long enough to realized if we are in a bull trap or not, just saying.

Let's see how long can we sustained this run though, it's $21,500, now we are back into the $21'ish range again.

Pierre 2

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I am following markets closely since this big jump happened. I feel like its too good to be bull trap. In bull traps demand would be inconsistent and unbalanced, making price fluctate a lot. But with this move, it felt like some people literally filled their wallets to get ready for greater bull run in next halving period. I think we will all realize if this was trap or not in next 45 days. I would bet my money on it being real start of bull run honestly. I can't say further increases will happen that soon as well, demand can be limited for such short time window. But people would be less interested in selling/shorting.

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The price did not head away from the bottom, and therefore there is no indication of future rises, but the most important thing is more confirming signs about the bottom of this cycle, which may remain $15,000 for a long time, and therefore it is unlikely in the future that Bitcoin will be at a price lower than these prices.

So, all that the recent rise tells us about is the strength of the bottom, so that it will not be broken except by an exceptional event, and it will not tell us anything about the top.

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Quote from: btc78 on January 20, 2023, 02:43:43 AM

Quote from: Ucy on January 19, 2023, 05:40:10 AM

Quote from: OnZen on January 18, 2023, 12:31:27 PM

The Bitcoin price jumped from the ~$17k range to the ~$21k in the last 7 days. I'm not aware of any good news about Bitcoin, but the price seems moved so strongly, breaking its previous resistance.

It could be because the next year halving, but it seems too early. If the trend continues, Bitcoin price will break ATH later this year so it does not make sense IMO.....

What do you think?

No need to be surprised. It actually makes sense only that you were probably not following the prediction I made after late last year dump. You can find it here: https://bitcointalksearch.org/topic/--5420066
Then when the time was right early this month, I signal here:
https://bitcointalksearch.org/topic/m.61552353
I expected everyone to believe and follow the signal but not everyone was interested. When things started moving against people's expectations they were shocked or surprised.

you cannot force anyone here to follow your prediction as it is clearly said , Prediction right? meaning there is no accuracy in there and you are just lucky to bring good sometimes.
actually I have been following you at some point specially when you are posting about God and Gambling but I find no credential on those so i believe that no one trusted you here and yes I know that you are also trying to gain but are you truly earning from your predictions?

Everyone will try to analyze and not just follow other people's advice because even if that person is an expert, we must still try to find where he can get such an analysis. Of course, it will be useful for other people who want to learn to analyze because they can know how to analyze properly and correctly. But I wouldn't be surprised if the current price hike could turn into a bull trap, as I've seen before. Instead of being surprised, I will place a buy order at the bottom if the price ever goes down again. But the bitcoin price has stayed at the $20k-$21k level. And bitcoin will surely increase slowly.

Topic: The Start of a Bull Season on Bitcoin? Or a Trap? - page 3. (Read 774 times)