Brace your tits guys! The green
dildo will come soon.
Source:@whale_alert
300,000,010 #USDT (298,873,174 USD) transferred from Tether Treasury to #Binance
TX:https://t.co/dNYOONTZWw
too me it looks like a trap, kindda felling that we are in a bull trap which will gives us a very nice headache
this manipulation in prices that we have seen in last few days, it doesnt looks to be natural and china might be an excuse for this movement
but there is alway hope, i hope i am making mistake once, so we all can e redeemed =))))
I believe a bear trap is a right term for the recent dump event. We see a big recovery after the dump. It's just 2 to 3 days sideways until it pump again. I think someone is trying to squeeze short position.
The price already exits on the falling wedge region and I believe this 300M worth of USDT is a good sign for more price push. December will gonna be good to all BTC hodlers.
Sure exactly. Hard to really try to figure out whether we are in a bull trap(suggesting that the price is going down) or just came out of a bear trap (since the price had bounced back up so forcefully in such a short period, less than 12 hours was the majority of the upwards boost).
I suppose on the short term price moves, we could argue until we are blue in the face, and we are really not going to have a sense of where we "were at" until we look at it quite a ways in retrospect. The most convincing aspect for me at the moment remains that in about mid-May 2019, it was confirmed that we got out of our 2018 bear market and confirmedly transitioned into a bull market. That transitioned from bear market to bull market happened about in the $7k-ish arena, so all of this quibbling that we have gone back into a bear market again is far from confirmed, especially since we are still quite a ways above the $7k-ish price arena in which the transition into bull market had largely (admitted tentatively) been confirmed.
Anywhoooo, most of us realize that one of the main dynamics of recognizing whether we are in a bull or bear market is to appreciate where the balance of probabilities lie in terms of price direction.. which of course is up in a bull market and down in a bear market. And, that still does not mean that there might not be short-term movements in the opposite direction of the balance of probabilities.
Personally, I don't change my system hardly any whether I believe that we are in a bear market or bull market except maybe I might change the quantities of my orders or the increments of my orders in a kind of long term anticipation of the direction of the market and having some kind of level of assurance that my projected levels of BTC versus cash are going to feel comfortable if the BTC market moves explosively in the anticipated direction... so if the price moves explosively up, which seems to be a decent possibility in a bull market, I am still going to have a sufficient amount of BTC at various explosive upwards BTC price levels. And if the BTC price moves explosively down (which would be a decent possibility if we happened to be in a bear market - and seems that we are not), then I would have enough fiat to buy at various points in the BTC low price levels.