Bitcoin Forum

Do not panic. this is bull trap. short time increment of alt and bitcoin. please be alert to invest.  suddenly the market can goes to deep red again. because the red dip still not over


= end of July most probably this dip period may be over

= most are predicting 5000$ is bitcoin lower so ready for it.

=accumulation period also now

=for day buy back traders face good.

The price surge is due to positive outcome of some projects that converted their blockchain on their own like trx, eos and some major coins. Also ethereum is improving so there's a lot will probably buy back. Last week was a shopping time and will extend maybe 2 more weeks, time to stay calm now

a lot of people are "predicting" a lot of weird shit. if you want to believe whatever others are saying then you will end up with your pockets empty. there are a lot of others saying price will fall to $3000. there are a lot of others saying it will fall down to $1000. and there are a lot of others saying it will rise to $10k,.... and so on.


it can not be both an accumulation phase and a bull trap at the same time!!!

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for most altcoins this most probably IS a bull trap because they are still at least another 40-50% above their real value and they need to go down before the dumping ends.

I thought as much too. I just saw that the landscape is green this morning when I logged in to my Blockfolio. The first thing that came to my mind was bull trap. I could remember the July - August bloodbath last year. It was crazy. I don't think we are out of the woods yet

A sudden spike like this wouldn't mean the bloodbath is over. Its just too sharp that I can't believe its ready to fly this high instantly like it can cut a diamond.
You probably just wait til the bottom is reached before plunging into the market again. The newbies already are learning what to do so let the whales be whales.

I also think it's just a bull market trap right now.
Because there is no reason to support the arrival of the bull market, there are too many tokens now, so the amount of money in the market is obviously insufficient.

Yeah currently market is very risky to invest I don't recommend to invest but buy some coins if you have the money otherwise just hold your coins. I don't think anyone can predict the market but this can be true or not. Take your time to study the chart and then make the decision. Good luck

May be. The dip has been here for very much longer than the usual and some of them do predict that this is just another course correction in terms of the prices and nothing else. The bull run is expected since few months now and we are already in the Q3 of this year. Expect some good spikes by the end of Q3 as the same thing happened last year too. We plugged to 5K, moved back and forth for a while and there was sudden pump to 8-10K USD range. That was the period of actual bull run and same thing gonna happen this year too. I am very much positive about this statement.  ;)

I do not panic about the state of the market, for those who have long known crypto, they will not panic, they will make a buy back when the price is cheap, when prices rise high, they will sell it

You are who realize of statment and the deep meaning. This is good for buy back

This does look like a bull trap, but this market is so volatile and complicated which is why it is tough to predict what will happen in the future. I strongly feel that Bitcoin will rise back up to $10k in August, but I could be completely wrong since this year has mostly been unfavorable for cryptocurrencies so far. No matter what happens, HODLING seems to be the better scenario at present. Lets see what happens.

It seems that the phrase “Fearful when others are greedy and greedy when others are fearful.” is perfect in this scenario. The graph looks almost artificially pumped to make newbie investors jump in the ride. As for me though, I'm not selling. I'll wait for the dust to settle.

we cannot say that this is a bulltrap since we already have several weeks of straight downtrend.  an upward trend occassionally is very normal.  prices can dip, but not dip very much.  i believe we are near the bottom.  now is a good time to invest and hold.

Agree with you, several times there was an attempt with green spikes, but then market go deep again. Bear market is not ended.

I do not think it's bulltrap but bullrun, soon after, I'm predicting a Bull run, and our current strategy is to start investing and HODL as long as possible, because this is the start of altcoin revival and the whole crypto currency

If you need a more or less intelligible explanation why bitcoin can fall below the cost of mining, then see how much power Bitmain owns. For now it's about 42%...

- What will happen when they reach 51%?
- They don't pursue this goal?
- Why did Bitmain build a giant data center in China?
- Not all the equipment in this data center belongs to bitmain, but they have physical access to it.

Personally I do not think this is bull trap. The market has fallen sharply in the last two months, and this week may very well be the true bottom for the market.
Cows are starting now, randomly turning their heads a bit, but not too deep.
I bought the coin I wanted to speculate and three days ago, now I just wait for the market to fly higher.

Where is the bull trap... The market continously falling, the prices of all coins plunged like anything. Bull run will start soon.

Personally I don't think this is any bull trap. From TA we have seen almost the lowest limits so definitely there ought to be a rise after that.

I cannot conclude yet that this we are really in the bull now. I have seen lots of comments from other traders that this is just a temporary spike and it will go down again in a day or two but who knows right? I would suggest everybody to calm down and just try your best to analyze the situation, for me I am not that optimistic but I also need to move to see if I can profit from this now.

There are all kinds of predictions for bitcoin out there. you can't really trust anybody's predicition. But I think we all can agree that we are either nearing the bottom, or have hit it already. And we will see a big bounce or rebound at some point. Whether its starting now or end of July we can't really know. As always, invest with caution, but do it on projects you believe in for the long term. Not just "get rich fast" schemes.

It looks like that, but this has already happened at the first week of this month when the price of bitcoin getting a little bump and there was a bulltrap. And it looks like a similar thing with it. I just try to be careful with anything that happened in the crypto. This instant jump is a bit strange.

Could be, seems to be what keeps happening lol. Goes up 5-10% and then dumps 10-20% haha, bad times.

Yeah lets hope its true, I already prepare fiat to buy some assets, I also agreed the end of June is the time.

probably it is so, I expect more downtrend to come due to summer holiday, but it's also true we hit a bottom point so it may recover a little and trigger a bull run

Your optimism is amazing ... for me everything says that the market will fall, but you are waiting for growth in the near future ... please tell me, why will the course grow?

I think this is just a normal uptrend when the sellers are more determined to sell at a better price and have their profit.
So even though it sounds as a trap, its still positive and BTC already went below 5,000$ during the down trend.

So normal instructions is the same, invest wisely, do your own research always, and RUN AWAY FROM GREEN CANDLES.
Goodluck.

I mean we can't say anything for sure, the market can still goes down as you said or just surprises everyone and keeps going up, this market is really unpredictable and any good movement in the prices can't just be taken as bull trap, and also can't be taken as a recovery for the market, but it is always good to stay alerted and positive and take opportunities like this for those traders to get some profit, i mean it is money after all.

I actually hope it's a bull trap as I was planning on putting in a bit of money and suddenly the market spiked,
but we've not seen any "instant drops" yet even if it's been 2-3 days, while the last few weeks has been up-down within a day.

at some point, it'll start going up and not go down(atleast not for a long time). what's to say it wasn't today?

I remember the last bullrun, now that was a bulltrap. Price rose too rapidly but this time, the prices are rising very gradually and normally, so I think this is the real deal, but only time can tell.

yes we cant say , but i think their will be more dips sure. only two months gone so we can not expect a bull run now. yes i too get small profits from eth. but i do not go for longer , because day trading is rick always

I suppose it is a new market with new rules for it. IMHO today many big players try to manipulate it, so it is hard to be sure if we see a bull trap today or the bears can still win. We just need to be careful.

I think it's at the bottom now, so the bull market is coming.
People don't always believe that the bull market has come, and more and more financial institutions are paying attention to the changes of the market.

Not a bull trap. But after 7100 expect a drop, yeah.
What pisses me off the most is stupid low volatility, I hate it. I can't make money, and its so easy to lose (on fees and stuff), $50 range and spread games..to hell with that!!

Well I am not panicking I always knew when to get position perfectly using technical analysis and I am for long term trade not for short term there are big possibilities that it could be a bull trap but if the chart continues to make higher high and higher lows and break around $7000 for sure it the start of the bull market.

Looks like the bottom, but I don't think it is. Also we got a bear cross on weekly and we're still in a death cross on daily. Well, if the bull market has come, this will be the weakest we've seen so far. More like, castrated bull market

oh and, Nobuaki Kobayashi/Mt.Gox will start unloading in September. Don't forget about that one)

I don't think it can reach the height of last year. BTC will be adjusted at this stage. But there is still a way to go if you want to get the price up. Let's see what's going to happen at the end of the year.

I think that every prediction about BITCOIN and altcoin are very very not affidable... I am a long term investor so I simply accumulate coins in periods like this...if market will go even deeper down I don't care too much....

Probably nothing much until BTC gets above 200 day moving. Won't be easy.

wait for an other deep and collect if you still had cash then

It seems we are already in the lower bounds range of many coins. If the surfboard is ready, jump, or you'll miss the waves.

we're going to moon again. HODL guys HODL!!!
the bear trend stopped. Bull run and HODL.

well If this is true we need to accumulate more now and always monitor the market to get the right time to buy , but in my opinion i don't believe the price will fallback again on that value "$ 5000 " because the price now is already had a strong support based of its performance and since it bounced back the bottom line " 6k "and also because it already made a small jump into $6600 value.  Which is in my view perhaps it will stay under current value until it continue to climb rapidly because it's impossible now to break this resistance.

I am not good on reading technical charts and i am always a victim of that bull trap everytime that there will be a short upward movement of my favorite altcoin i wanted to invest in. I manage to minimize it now somehow and being updated with crypto news really is a big factor to analyze those price movements. Most traders are always hoping for a greener chart everytime the first week of the month enters but those are all false hopes. I also dont understand what is going on with cryptocurrency. A bear months are super long!

I don't agree that this is a trap. In fact, I do not see any tangible effect from such a small price increase. He can't be a trap. I understand that in order to attract a lot of money, bitcoin must consistently gain price for several months in a row. We do not see it so I think that this is the usual price fluctuations.

No it hasn't.

I am not seeing this rise as a bull trap!
i can see the movement will go so slowly but surely will get on top.
increase in price will be a sure hit this month.
before the month ends i am betting for BTC to have 10K USD!

I don't think anyone can predict the market. I would suggest everybody to calm down and just try your best to analyze the situation, and then make the decision. Good luck

we need to wait for September there are many positive aspects, if it does not help then we are waiting for 2020, the year of the blockchain

Sincerely, whales want crypto holders to panic sell this year. My humble advise for crypto enthusiasts is to be patient. No matter what happens now, let it not force you into selling hastily, else you might blame your action.

I think we hit the bottom already and now we will see slow rise in all cryptocurrencies.I dont think we will see bitcoin at 5000$. It is simply not possible as everybody says. There are so many buyers waiting at 5500 and 5600 and 5700 and there are also so many of them that bought at 10k 11k 12k.... that wont sell

Bullish can happen at any time without us knowing. Hopefully, by the end of 2018, we will experience bullish. Or, as soon as possible.