Bitcoin Forum

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

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.

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.

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

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

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.

about the volume you do not have to worry because it is only temporary which is important that the price spike should be significant :)

I highly doubt it. The crypto scene has already been dumped too much lately.

If anything, i would guess that this is just Friday weekend cash outs because of people wanting to spend and enjoy their money. I speculate that come Monday morning, we will again be seeing new bullish uptrends that will make you wish you bought the dip!

I don't even think they try to put trap anymore. Current market is clearly bear so be ready for more downfall. It won't fall down without any interruption. This is not a trap but a resting area. It will go down more.

most likely this is a small pullback before the price again falls back to $6000 No volume, capitalization falls

I'm not very optimistic about volume too, this is very strange. On previous bounces, it was great volume increases, now volume is falling and this is very sad.

is not exhausted if we think of this, time will be wasted. better think about how to fold assets in situations like this and do not miss the opportunities available.

Bitcoin price is unpredictable now and as a result  more traders are finding a safe haven to hide their funds that is the reason the volume seems declining. A sign of dumping and this will bring btc to 6000 very soon.

It will be good if the price comes to$6,000. It'll be time to buy a coin. Winter we got a big, I think. Beat all past records.

This is very likely a trap. The resistance would be at $6800 and it could retrace back to a price level of $4800. During this low volume in the market, smart money are starting to get in and what will follow by Q4 of 2018 could be another bullish trend. Gox is also a curse we should watch out for during this downtrend.

It's about what is coming since there some that currently holding is buying more, its not a bad thing and I think if this continues about week or so there will be a good impact and will attract more buyers to the market as they see that it is currently climbing and now is in a good condition.

It's just a small bounce because the RSI levels were down, also the news about SEC regulations pushed the price a little further. Now that the RSI levels have cooled down a little bit, we will probably see further decline. We are very likely going to hit below 6k.

No bull of bear traps at the moment, I think it's too risky even for marketmakers to try and game the market right now.

Every one does have their own preference, if they want to hold, they can but if they prefer day trade then they may.

There's no need to regret for holders for this year, why you are so skeptic and doubtful with holding?

I think it is most likely right, if you see the charts than there were a large number of bottom shorters that appeared at 6300 the number of total shorts almost hit the all time high from back in feb, i think this was largely due to the fact that funding rates for shorts on bitfinex/ bitmex had become and perhaps still are  pretty cheap. In general from what i have seen these are tell tale sign of an upcoming short squeeze which is probably thwhat happened with the pump to 6800.

this is another bulltrap. But it has been passed. The daily volume trade of bitcoin goes down a lot. But it looks like there is a reason behind that. Remember mtgox trustee has a lot of bitcoin to be dumped to the market.

It's a bit difficult even bitcoin can't be considered as security. .

Yeah mtgox still has plenty of bitcoin that it could affect the market heavily if just they trying to dump it all at once but I heard they are going to sell it outside market even though Im not sure about that,
EOS dumping ETH also another factor that makes the market becoming bearish for a long time, the silly thing is that they are wasting their eTH to pump their coin but failed.

3 percent is growth, investors are used to at least 10-15 percent and not these crumbs. So this is not a trap, but a fight of bulls with bears, and we hope that the common sense will win and everything will return to the usual indicators.

If you have this specific mind frame when it comes to buying and selling crypto, not only will you lose your mind but you'll also waste a lot of time pondering it.
The best time to buy in is when you feel comfortable doing so; not when you try to predict the current market or where it will be in the near future.
Trying to forecast future crypto prices is nearly impossible and people lose their life savings thinking they can day trade.

Matter the volume, 6k5 is still low price worthy to buy, isn’t it? If you reject to get some BTC at this time, I really have no idea, what price are you waiting for.

I believe now we are at a relatively stable price action, I see us steadily climbing up until the ETF announcement from which we could go either way