Bitcoin Forum

This is big trap bullish or uptrend for bull team. What do you thinking now?

In my opinion, this is the good time invest.

For me we are soon to enter bull market now. Just oike what happen in history. Quarter 2 is the starting point of trend so hopefully this green percentage is the sign of up trend. Time to buy and earn profit the big whales seems now entering or big exchanges causing price will climb fast.

We should be better able to read the situation with the rising prices and profit from the increase. and most importantly have to be able to control the emotion of not buying large amounts of fear this is a trap

If it would had been a bull trap than we wouldn't had been increasing for so many days now. And almost all the coins are up by at least 50%. This much growth doesn't happens in a bull trap. But of course the crypto markets are unpredictable and always ready to surprise us with something we weren't expecting.

Honestly, there is no way of telling and if someone says they know what it is then they are lying.  For all we know this could be another bull trap because crypto still has had massive gains over the course of the past two years so another crash is not out of the question.  However, this could also be a recovery because the sentiment seems to be good and prices are rising very fast.

I'm thinking like you. I still do not understand why the market went up strongly without Fomo.
This is really a big trap of the sharks. It is luring us by stimulating our greed by increasing the price of the altcoins.
Be very careful now, I feel this is not safe. Bitcoin Cash has suddenly dropped more than 8% from yesterday. This may be evidence of the trap being set.

Hey, we have been in this bullish trend of more than a week now, so I don't know how you can say that it is still a bull trap. I'm sure that you are fairly new, because bull trap as far as my experience in crypto occurs after a bounce in about 2-3 days, but this bull run seems to be legit and it has just started. Just watch when it broke $10K barrier, the bulls will run as fast as they can and we don't know where will it end.


I can't say that about BCH though, maybe you are right, BCH as another altcoins or pump-and-dump has a lot of risk involved. Get out and put your funds on bitcoin. Don't be trap inside and lose in return, exit early while you can. Just saying.

I think this is a big trap created by whales to help them earn a lot of prey. When bad events happen, whales begin to take action, prompting the market to evaporate quickly, investors begin to panic and sell everything they own to minimize losses.

bitcoin is rising and it has entered a new bull market and that is a fairly certain assumption so far based on the evidence that we have. if price breaks $10k and stays above it at least one day then it becomes more sure that this is not going to stop.

for the altcoins that are getting pumped and dumped still many of them have traps because their bubbles are not done yet. it may continue for a while but they can not be sustained.

The green market has been appear for one week, so I think its a trend almost all coin ia going up, and of course when it's always green there will be correction and always be careful withh the market dont be greedy and got trapped in the peak price like the one that happened in December, and now its the time to used the opportunity to make money

This is not a trap this seem to be a routine from the bulls every year in the first quarter the price goes down then in the second quarter it goes bullish and reach new all time heights you can base that in the past price charts if you need some proof. And make the choice whether to invest or not.

Trap or not nobody really cant tell what prices would be for the upcoming days. All i know is that opportunities such as this comes only once in a while so i think it is the best time to buy coins since market is pretty much good at the moment.

I think that this is a trap, volumes have not increased significantly. The lower limit to which bitcoin  can drop is 4000 $, I believe, and  there will be a break in the trend.

I agree, its hard to predict whether it is only a trap or a real bull run already, the rise up are seemingly approaching though its still far from the value
before the last year's peak, very important to do now is just to keep monitoring and learn how to handle every situations for your advantage, if you can
buy more coins and keep it till new height being reach then you will be assure that profits is much better.

I think it's a serious movement now, it's not a trap anymore because the volume have been consistently growing.
Now, we are already in the $400B marketcap, slowly we will reach to 500 and people will be more aggressive in buying then because of FOMO.

Trap??? ...... I don't get it, just see trend. We say trap is just because the price will go to another direction, fast and never go back again on long time. For this situation, big speculate take all place with their fund. Don't take about trap, but use stop loss and take profit as your protection is better, 

every people will have their opinion in this situations and for me, it's not a trap but this is just a little correction before the price can increase higher and this is a good time for me if I want to buy more amount. it seems, many altcoins getting down too early because I still see a good chance for each of coin to get increase and even to reaches higher. so I think you need to be patient for a while and just watching the price is at the market and if you think you can buy now, then do it and don't wait too long before the price bounces up and you are missing a good time to buy.

In my opinion, this is not a trap but in bull run there are always lots of corrections so this is a correction but weak hands will sell.

In my opinion this will depends on the trading experience of person involve.  If the person knows how to interpret the TA tools, bullish trend will be their guide. But if newbie will interpret the trend most likely it will become trap. The bullish trend has reached already the resistance line and during this period the probability of reversal is very high. Trader should be careful in order not to fall in this trap.

this current drop that started an hour ago from the peak of this bull run is a trap, a bear trap to be exact. it is more like the last shakeout of the 3 digit space before we go above it and beyond $10k into the 5 digits territory.

Yeah I would like to think in the same way and currently something similar is on my mind too. I mean I do think that it has got to do with he MEW hacks and ETH dumping caused the panic surge through rest of the coin holders too.

But it could be merely a coincidence where the down trend started and yes surely this is just the bear market the same way we experienced in between the last two weeks only the difference is this one is far far intense than the others.

Anyway BTC is already up by couple of 100 USD since the dump.

I think it's up trend then about the red market this time in my opinion it's only correction because of sudden suddenly high enough today, that's just my opinion, maybe if tomorrow's market is still red it means this is a bull trap.

In all honesty it looks more a trap to me. Basing from the previous weeks the market looks real suppressed or you may even say manipulated at times, but now it's freely rising up breaking walls one after another, IDK but it does look fishy to me.

For me, it doesn't seem to be any trap at all. All signs and indicators point out to it being some sort of a bull run and the bears seem to not oppose this. Funnily enough, the push sustained even with signs that bitcoin is overbought; people just don't seem to care because they don't want to miss out yet another bull run just in case it goes nuts once more. A few weeks of sustained growth would spell good news to us if it can handle such rise. Until then, enjoy the ride while you can still get cheap coins and rake in some profits.

Trap or not, if anyone's goal is to hold then disregard that thinking. After all, if Person A goals is to see bitcoin price on the moon then any price will do for another entry since the goal is to increased the bitcoin quantity in their respective stash.

And to answer it directly, just look how the price behaves. Playing on a matter of $1,000 margin is really not can be considered as a trap since the dips are still present on the way. In other words not a full momentum for the bulls. As for my own analyzation, maybe if the price will reached for let's say $11,000 'in just a short period of time" starting from the current price rate then a price dip happened afterwards until to what is the current price today, I will called that a bull trap.

No one really knows which is which honesty, the cryptocurrency market has been and will always be unpredictable and anyone who says that he actually knows what is happening with the price changes is full of it, for all we know the current situation is slowly improving, the bitcoin price is for sure not going to rise as fast as it did last year, but it will surely keep on going up, so it does not matter weather it is a trap or a trend.

We have seen couple turn backs already, so I would like to predict new run in few days with at least +1500-2000$ price up. Anyway in long-term btc was doing +xxx% per year for a long time, so...

I think we are at the bullish trend though short term's.  The bearish momentum is getting smaller on the short time flame and this is a sign that bulls are taking over the market. Bitcoin has made a very high significant progress yesterday and that has keep price above $9,000 in the morning today and I believe we are going to resume the uptrend tomorrow.

I am hoping it's a trend. If this would be a trap, then more people would surely feel that this market is ending because it's not showing any more runs and gains. Having said, I think that if the gains would be supported by its users, and it would show a more prolonged level of gain, then I would say that even if it may have started as a trap, it would mature to be a trend. And, there is a possibility to that because anything can happen in this market. Also, it's always better to see some good trends rather than dumps.

I think that there is a possibility for both scenarios to be true, we are not out of the waters yet and I would advise anyone to invest carefully. if we keep this momentum for the remainder of the month I think we would on the right step towards a bullish market.

Don't rule out the bears. They are still there. You can see them doing their thing every time we come closer to a decent resistance, but until know they were failing to stop the push every time. While I'm writing this we are having a second phase of the shakedown, when the other part of the world has woke up and noticed that there's some red on the charts :D  They are retesting the lows to see how deep they can get this time. IMO not deep enough to cancel the reversal.

Well I have to stay on the positive side so for me its really a bullish trend and later on you will realize this thing.
Cryptomarket is now bouncing back and we know the capabilities of this market so I believe on it.

Trap mostly turning into a trend won't take much time but currently the buy volume has reduced over the past 24 hours if you see depth sell orders are more but i see resistance at 6500$ maybe take that as a base point and proceed with your trades

I agree. In the past few years, didn't we realize that the market psychology works really that way? It will fall so low and then it will pump for a short time, then dumps again. I have speculated that during the long spans of dip, money makers kept on buying very cheap and they know exactly how to keep it low and shake some weak hands. After gaining bags of bitcoins/tokens, they will eventually pump until they earn a handsome profit... then whoever buys at peak falls into the trap because these money makers will pull the price down again... then repeat the same cycle.

Hmm, I think this is not a routine because, in the past, the cryptocurrency market has many times did not have bullish trend after the bearish trend ended.
Example 2015, the cryptocurrency market only be quiet in a long time, until 2016, when the Ponzi teams, HYIP started to use cryptocurrency to scamming the investor, the cryptocurrency has come back and became famous as it is today.
2018 is still a year to see the price of cryptocurrency reach the more new highest value, IMO.

I think, it`s a new trend. Because this is a new technology, which opens his doors for everyone. There you can find friends, hobbies, knowledge, job, money, entertainment, all in one. Also I think, that it will change the Internet as never before. There are many interesting projects. For example, TraceTo. It`s a startup, which is an decentralized KYC network. I propose, that it will used by cryptocompanies to identify his clients, cause nobody wants have a deal with shady man.

When talking about those ponzi scams in the past, shame to admit but i did really contribute to spread out awarenes on bitcoins existence and other coins in the market .We are still on the development or growing stage which saying up about stopping here isnt really logical at all. Traps and trends would always been into this very volatile market and as long there are investors, there would be always a tug of war.

+1 I just don't see it going to 6k again. We've been defending that spot for so long and it's a confirmed double bottom. What couldn't break for months of a bearish trend is not going to suddenly fall after weeks after a reversal. This is a correction that is just about to end. It will touch 8000 and run out of steam, that's my prediction.

Turns out it is a bull trap! Markets are down again but it can't be this way for long, those sell walls will be breached when FOMO starts to kick in. Real bull runs are fast so getting in at the right time is always going to be a challenge

Whether traps or trends, I have run out of capital. Now just keep the coin and wait

Those sell walls will be breached when fomo starts to kick in. What could not break for months of a bearish trend is not going to suddenly fall after weeks after a reversal. I did really contribute to spread out awarenes on bitcoins existence. That it will change the internet as never before. Hyip started to use cryptocurrency to scamming the investor. I have speculated that during the long spans of dip. They are retesting the lows to see how deep they can get this time.

In my opinion now Bitcoin start uptrend from 7250. I expect that it reach 11500 until the middle of June. From this level of price perhaps we will see bull trap. Because the price reverse to downtrend and we will see hard correction till 3000 may be more. That's why if you want invest in Bitcoin now, I advice to exit from the market after 15th June. This year will be the year of flat.

This is a really good time to invest and hold on until the market recovers. This is really a great strategy for sharks. It makes traders think that the market has really gone down and many have sold off all their possessions.
I still believe in Cryptocurrency. so I still held some of my coin. ;D