Bitcoin Forum

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

No one gives accurate analysis results, we can only predict the movement of coins and currently, there is a green trend in the market because of some positive news that causes prices to increase, starting with bitcoin, other altcoins also follow market trend movements.

I think this is not a trap of becoming a bear because after crossing this limit the market will survive in the future, but we must be aware that the market cannot be predicted even if it later experiences a correction so this is a natural thing.

A bear trap usually pump quick for a short period of time then dump immediately. The current pump is happening for more than a day and just reach the previous high before the SEC FUD started to affect market price. The current pump is also supported by a very bullish news so there’s no way that this is a bull trap since everyone is buying including whale and retail since we are confident that SEC will be less aggressive agains crypto market after the recent ETF filings by multiple company with notable filings by Blackrock.

This pump might be the start of the real bull run because this is different from the previous run since it’s backed by a positive news that is worth believing to be positive on crypto.

What makes you confused is that you never trust your investment and this will somewhat affect your thinking and certainly drive you to doubts and uncertainty. In fact, you already know that the market trend will go up and down, it doesn't it was a trap as it goes like that. If you're buying today and just hold when it dumps, you never lose any $$$ but if you sell them because of worries, that was your mistake.

I encourage you to stop thinking about the "bear trap" but rather make you understand that it will come. All you need is to trust and give faith.

The current recovery is likely to be a result of Binance reaching an agreement with the SEC after several days of negotiations. During that time, a large variety of Altcoins that were declared securities plummeted in value. Only Bitcoin and maybe Ethereum managed to retain their ground. Some claim that the whole incident wasn't as serious as it was portrayed, especially if you take into account how quickly it was resolved in an attempt by the media, perhaps whales, and people of influence to manipulate the market.

With that being said, the current upward trend is likely to be only temporary; without claiming that it'll crash again, such sudden growth in the market can hardly be sustained. 

Whatever goes up always has to come down also but seems too early to say that it will come down. It may dip a bit for like a week of red and then most likely go straight up still. When BlackRock started their announcement, a lot of his fellows are also filing their own spot ETF. This would really be bad if sooner they'd announce, they were kidding. An investor who sold his house all for BTC may really be the most upset person in the world blaming Blackrock.

You just have to keep watching the market, you wouldn't know when they start dumping.

The fact is that there is no time that we can say we have confidence in the market but to some level yes we are at a price regime where many of the major cryptocurrencies like Bitcoin and Ethereum are making a huge price movement on the positive directions,  but to say this is the best time to buy,  then you may be wrong with that because you already missed the last discounted price in most coins and entering the market at this time seems a little bit too in a hast and at a wrong time.

But if you already holding for the long term,  I advised you not. To sell off at this price because the possibility of bitcoin price moving above the present price is clear and even if the price will correct it will be in a minimal amount before it picks up again.

I wasn't holding any specific amount I wanted buy during last dip but this came to me that the market could possibly go low so was still watching the market before it changes it direction to a potential Green which I think I am already left out of the race, that was why I asked if I could get into the market presently seeing that bitcoin taken another new dimension. The sudden change might be as a result of good news or positive sign for bitcoin growth.

It could be a bull trap but its hard to know, you can only say this once we already saw some signal. The market is getting better and its a good sign, but I can say that it will not be an easy pump after all and there will be corrections as well. If in doubt then wait for confirmation and don’t rush in the market buying, if BTC breaks another resistance, that’s a good sign of a real up trend.

That would be literally every pump of any solid alt market. Honestly, if you were new to the market, you should've bought during the dip, not when it was going up already. Looking at the chart the market was generally on the positive through out the past half a year, heck it actually grew instead, so I wouldn't be surprised if it suddenly broke down. Seeing as it's a stable growth though and not exactly a sudden pump, there should be higher chances of it stabilizing instead.

If you were shorting then it doesn't really matter whether it's a bear trap or not, you'd always adjust for what you need. If long, then just buy and maybe DCA. You're not thinking for the next few weeks or months anyway, it'd probably take a year at least before you come back and decide whether to sell or not.

Probably, but if you are bullish about the market then this short trend will not matter as you are looking for a more expensive market that is about to happen very soon.

DCA is the best option for me, but right now I have to wait for the price to stabilize and have some correction, don’t chase the pump because you can be wrong and the market is very unpredictable right now.

Whatever it is.
Whether it's a trap or not, as long as we can optimize anything to get profits and can take advantage of it, why not? It doesn't matter if it's a trap or not, as long as we can make a strategy that is ready with various possibilities. If it's a trap, at least we've taken profits, even if a little. And later maybe do DCA again when the market is down. The point is, if we can take advantage of every moment to get profits, why not? Don't get too fixated on traps or not, but on what we can do at any time so that we get an advantage.

Crypto is rallying because of the positive news with the spot Bitcoin etf. Generally blackrock gets their etfs approved by the sec. So since they applied and 2 other companies also filed for a Bitcoin etf, it had a good chance of getting approved.

If approved then the bitcoins will need to be purchased and stored in coinbase custody. So there is less and less supply and price has to go higher. And ETH is just along for the ride same with other alt coins.

Based on the signal that occurred yesterday in the market, showed that bullish season is about to happen in the market for those that invested in Bitcoin to get ready to achieve passive income that will give them celebration.  Since the price of Bitcoin was able to hit above $30,000 yesterday, showed that bearish market will not extend to next week before the bullish market will take over, because many investors are very ready to experience bullish so that they can use the opportunity to recover from their losses they experienced last year. I think, the opportunity to buy Bitcoin and hold is still there because the price is not too high yet which will allow those that missed the opportunity before to use this period to embrace it.

Just remember that we are still in the bear market, so anything goes, the price could drop massively, or we can have a sideways pattern or the market from time to time will have it's rally, just like what we have seen with the current price of ETH, it has gain already in the last 2 days, same with BTC.

So if everything goes, then when the price goes down, it's a buy signal.

If the price continue to go up, then do just DCA and you will be fine specially if you are looking for long term.

It is true that the market is still going up and down and currently it is still in a bear market,
when the price goes down that's when we need to make the best use of it to buy to make a profit,
that's a good suggestion and we'll see how it turns out.

There's nothing like trap in dealing with a digital currency like bitcoin or Ethereum because when the price rises it also falls and this has always been the norms experience over years now, what i see about this sudden increase is the preparation for more attempts to rise high, we've been a little while stayed longer on this dip ever since the beginning of the year, now the market is getting more momentum to rise and change level and shouldn't serve a trap else they might think it's being manipulated.

ETH follow bitcoin price and it seems that the price of Bitcoin has a strong resistance barrier at $32,000, and therefore it is most likely a bear trap before the price starts moving down a bit, although I do not think that the price will continue to decline before breaking $2,000 sometime during the next month.

In general, investing at the present time is considered good for building long-term positions, which could be a good opportunity for those who want to sell after two to three years.

Low levels: 1630, 1810
Upper levels: 2140

This movements always happen so we should expect that after those pumps happen the dump will just follow after this. Its like predictable movement this is the reason sometimes we shouldn't let ourselves to be in situation where we been hyped so much on the fast growth we see on the market. So if we have chance to follow the market I guess its better set some target to secure your profit then wait for fallback to earn again when pump came.

I am also not sure what i should think about the whole crypto market and it's current movements. Bitcoin and Ethereum have recovered pretty well in the last few days and now they are basically at the same level as before the big SEC events have happened. At the same time the most other crypto projects are still significantly lower than before the dump. I don't really think that this is already the start of a big recovery or of a bull run. For that we first need a few weeks or months of stability.

Probably the market's "FU" response to the lawsuits and delisting of the so-called "utilities".

Nobody and if someone says they can accurately predict the market then they are most likely scams. Any self-respecting Technical or Fundamental Analyst would always give you a disclaimer. Someone will get it right obviously but a lot of times they get it wrong.

Whether it was a trap or not, this will never change on how I looked on the market. Because until now, nobody can tell about what will happen next, what we have is just a sort of market assumption and this is also based on the current situation and the previous events. It will pump today and might dump tomorrow, that is actually how the volatility looks like. And if we keep thinking this is a trap, that also stopped us from thinking positively because what we have now is full of uncertainties.

It’s alright to think like OP to play safe on our investment because we are talking about money here and not things that can let you go easily. Thinking it’s a trap on a sudden price is normal but I like your idea too about positivity because if we all think this way, we can boost the market and ignore all the FUD. Manipulation or not, A market will go were the majority puts their money so if we unite together. We can move the market the way we want.

This is one of the issues one is going to encounter when holding back buying, we are hoping for the floor price but we do not have an idea of the floor price, so we are in a hurry to buy when the market turns to green.
My strategy is small buy whenever there is a slight dip so for every dip I allocate small amounts to buy, and when I have the idea that it reaches the floor price that's the time I will give all I got, waiting for the floor price is quite demanding you have to follow the market and you have to follow the news, great news will give a positive response in the market, so always check if there is good news in the industry.

Individual skepticism and not confident in what they know or they don't know, if you stand aside and doubt it's okay but don't regret the story afterwards or it would be better to act turn exactly what you guess. Once you are in, you should also accept the possible risks, and the market story now makes me quite comfortable and comfortable, maybe because of the long-term plan that I am choosing with the market, I don't care too much about price movement in the 10% range, simply because I build an accumulation strategy and look for possible x10 opportunities in the next cycle, sometimes I feel like laughing when seeing many people see the price drop they panic and when it goes up they doubt, it's okay it's still one person's decision for this market.

You're not sure, people always get interested when the market is surging but no interest when it's totally no action and it's quite low. There's still a possible dip but we don't know if we'll see this early a new low.

IMHO, we're done with the bearish trend and all of these are happening due to the bullish sentiment that we're not just seeing through news but also with the actual cycle that we're having.

We might just hit the resistance though, and it might be hard to break $2,000 in my opinion.

However, why are so confused? just continue to buy if you think that Ethereum will have another biggest bull run in 2024-2025. You should take advantage of the situation and as what I have been preaching before, don't complicate things. Bear traps, catching a falling knife, this terms will really make you muddled in the world of crypto. So the best thing to do is just make it simply and buy in dip and timing the market on when to sell during a bull run.

It's entirely possible as we've also seen the market's rapid change recently, in the face of volatility from news like this I think it's going to take a huge hit. to get us out of the danger zone. I can be optimistic for the long term, but we are clearly in the midst of arguably the most volatile financial market, but we should still feel more excited when the atmosphere is less gloomy later. The controversy between the SEC and Binance.
To me, even if it is a trap, from the moment we start participating, we will all have to consider the profits and risks in the investment process, each person will have a long-term or short-term approach strategy, but look at each other. In general, in an investment environment, there will also be failures for successful people, so try to improve yourself more.

It can be a trap, but it won't hurt. Buyers that held, don't have any reason to call this a trap as they're already seeing profits from the recent increase in price. I'd say that, waiting for the rise in price of ETH before investing may not give you the best results. If the price drops you'll be much disappointed and may withdraw your funds because you're focused on profit alone. Seeing that the price of ETH is bullish should be a motivation to invest knowing that even if it drops, it can rise again. What is expected of you is to invest and wait for some time whether bullish or bearish, your investment is considered Safe.

Indeed it was not a trap, but a certain opportunity. In fact, I'd never think such a thing ever as I know that the market has never been always high, it dump as well whether it was in a good way or somewhat like manipulation. As we are in this kind of market where volatility is inevitable, it all happens. Well, I guess we don't have to worry if we are investing in good projects like ETH and BTC as we know that they are for long-term investment. It may down today and even tomorrow but for sure in the next couple of days, it rise again - no trap is made, it is just our thinking.

Consider it to be a bear trap, what could you do anyway? Nothing from your side but wait and watch.

Since the buying point has been crossed, we have to see how big the price actually reaches and then decide on further processing of trades. Some people will sell the coins they bought at 26k and cash in the profit before anything else. You might not have that same option so wait it out. We can move either low or high from this level and thus long term predictions are tough at this stage.

And do you continue to doubt it and stay out, the crypto market has too many different problems and too many opinions coming from individuals or summarized experiences. I see the current issue has some doubts but it's clear the fact that we've seen it go up quite a bit from around $25000 to $3000 and if you miss that, I bet it will. There are many people like you and there are also many people who have made a profit because they think against the majority and dare to take risks. When witnessing people think that the market is very bad, making an investment decision will also be very difficult, if you are unlucky to lose, consider it as a lesson for your judgment. .

I think this increase is not without reason, so it is not suddenly the market becomes green, who knows where the fresh air is, I personally see that this is the real of the entry of large companies that enter the crypto market, and that is what causes people's positive encouragement To enter the market that fits the price of the market.
I do not indicate that there is a bear trap in this case.

But what are you worried about if you are a long -term investor? Unless you are a short -term investor and / or trader who always requires benefits from trading made in a short time.

Maybe not because I'm sure the good news was at the beginning of last June when China legalized crypto currency,
the crypto market could slowly be bullish, so don't worry, market cap will come from China and make Bitcoin bullish.
We first see the reaction of Bitcoin prices this week, will the Bitcoin price stay at $30k or even dump again.

No one knows the future, and it is not clear how long the lawlessness of the SEC in the United States will continue. There is an opinion that after the US presidential election the situation will improve, but it depends on the candidate who wins. There are many projects, many fundamental projects are cheap, and it is not a mistake to buy them for investments for 1-3 years.

That's why we should not plan for a single entry point. We could use any popular method to determine the entry points mostly at the dip of every cycle. And it surely was a better time to enter when the price was around 20K.
For current scenario, the price is trying to stick above 30K but as there are no sudden momentum, And I have a feeling it would eventually come down at least around 28K before trying to make a new peak. It would still be a better idea to keep on buying smaller amounts as even though the price decreases, you don't need to invest much to average your cost but if the price keep on increasing, it would be risky to buy at higher price.

This is cryptocurrency it is meant for up and down movement there is no confident within the market, you only take profits if you think what you holds currently has generated enough profits for you than putting trust in the market or probably due to the Green on ground you think it would never turned to red is something you are getting confused on because the entire cryptocurrency completes it circle by up and down movements, there is no stable market. Hence I am not too sure we wouldn't be experiencing any more dip but normally we are suppose to witness some little pull back on the market, that is to say, market could likely drop back $26k before we may finally touched $35k and above.

You shouldn't look ETH price because ETH is always follow BTC after ETH lose it's dominance during altcoins season on 2017-2018. As we know halving event will happen on the next year and anyone predict the BTC will break it's ATH on 2025, so there's a chance this could be a bear trap. But if you're long term holder, I don't think you shouldn't need to worry because if you keep hold until the next 2 years, you will make profit.

I have an analysis that is almost similar to yours. IMO, BTC is trying to stay at $30K, to continue the trend and retest to $32K, if at this point there is no breakout, then BTC is likely to make a correction in the area of $ 27K-29K. Meanwhile, according to the OP, whether this is a bull trap or a bearish trap, I think for now it is the momentum of BTC journey before being bullish and going to break last ATH (if the pattern history repeated). This is only an analisys and not a guarantee (DYOR/DWYOR/NFA). However, I think the next dip is in the $25K area, if there is FUD having a significant impact.

If you want to enter then enter when you see the trend is on red then only you can make profits if it turns green and don't bother about short term movements it's all unexpected so if you feel the ethereum will grow in the bull market then go for it and just keep holding till next ATH.

No one can predict future and don't take risk with your money due to some random person on an online forum said.

Would be hard to determine for ssure. Dumps occur without any warning and so do pumps. Well, an investor can utilize news regarding this industry as one of the indicators but most of the price movements occur outside the courtesy. If it is just a hunch, I would go with bear market but if it is chart based, then it is more of a bullish one. Other than predicting the next movement, there's also this thing as riding the tide. Well ofcourse profit won't be as big in comparison with entries pointing out another point. But I'd more advise waiting for a more obvious trend line to lessen the risk of losing even if it would be into small profit.

If you have already achieve of your target just take it your profit but if you wanna hold of your coin without cares about price just relax for wait and see. At least we see the market are going positive vibes due to Blackrock was joining crypto and request to SEC for Bitcoin ETF and many big company and country has been interest with crypto. Anyways i'm believe bullrun will come, don't cares about trap or anything else that make you confused

No body can say what is going to happening on the Cryptocurrencies market. The current condition of the market is much better than it was a few days ago but one should be aware that it is a bull trap. I think what needs to be done in this situation is to go and invest for the long term and since bitcoin halving is not far away I think if you invest in some top notch coins for the long term then you don't have to fear the bearish. And now I think no matter how much the price goes up or down it won't take long to go into a bull run. So if you wanna invest now I will suggest to you choose the top coins and hold for long run

Bitcoin reached $ 31k today, of course this is a very bullish movement but we don't know how the market will react after this,
judging by the movement Bitcoin is indeed very bullish because it has broken from $ 30k and most likely it will continue,
but anything can happen in the market crypto, bull trap is one of them, so be careful.

Why are you thinking of entering now?
You're too late to even get a bargain, when the price is already rising and bullish like now you're thinking of entering. You may have the FOMO effect, when the hyep is happening you want to enter. Please pay attention to the market first, whether this is the right time or not. people have started to enjoy their profits when bitcoin reaches $30k, but you still want to buy at the peak. Every rise must have a fall, are you ready for a correction market? then you need to wait for it first.

You just need to focus on the global trend and not pay attention to local price fluctuations. If you look at the last six months, bitcoin has made X2 from the last bottom. In that case, it is hard to deny that we are in a bull market and altcoins will do the same thing sooner or later. No big deal if we have to wait a year.

lemme accept the truth, technically it's hard for the market to be that predicted or even give out an accurate results. Although what I noticed mostly is that people always speculate about the outcome which they aren't sure if it would results to what they said, meaning whatever thing any one says here is based on precision and probability.
Precision I mean is either getting close to what they predicted and speculated but doesn't really gives the exacts result which they wanted.

It's been a week since the price of Bitcoin has risen by 15%, if you say this is a trap, of course not,
because it's been a few days since the price of Bitcoin has been above $30k, so I believe it's time for Bitcoin to be bullish again.

No traps for now. The bullish season should be in view in coming months. There's signs to look out for and am sure it's what you are already seeing thats making you sceptical about the bullish season.
I advice if the funds is available, please buy, don't wait for market analysis or speculation to divert your mind.
If there are negative indications, buying won't stop you from taking good measure to ensure you do not loose out, because you could use cold wallet to keep your coins safe.

We live to such things - speculations as it was just designed to be like that due to the unpredictable direction of the market. That is why everyone could make their own assumption whether it has a basis or not, but of course, we can't expect the results to be close to what we speculate. However, it was not a big deal, we accept the market as how it looked, it seems we need to adapt and understand that is really what we got. If we are not confident and full of uncertainties, not a surprise that we could think negatively.

No one can ACCURATELY tell you what's going to happen next in the market. Whatever anyone says is based on speculation. This industry is speculative in nature and all its activities are so based. However, that's not to say that projections made aren't going to be true. It could go past the prices or not get there. One thing that's certain to happen is that price will be on the upward trajectory because of the expected Bitcoin halving in 2024. We've seen price rally into bull every pre–halving year, and then post–halving year. I don't think there will be any exception this year and next year too. On a side note, last week on social media I saw a $10,000 price projection for ETH in the next bull run made by one crypto analyst.

I don't see this as a bear trap reason been that a lot of bad news has been thrown at the space and for its to just ignore them and pump higher is a positive move, also with the news of ETFs being files by some of the heavy weight in the financial space shows that any dip now will be bought very fast. Except for any bad incidence like the Covid 19 news I don't see the market crashing for now, possibly sideways movement for some month before the price start moving forward. The future is very bright for Crypto going forward if we play the game well

My recommendation is that you do not worry as much about the  short term variations on the price of bitcoin, you had weeks to buy bitcoin for sub 30k prices and for some reason or another you decided against it, probably because you were afraid of the price going down even further.

And now that the market has recovered you are worried about a dip appearing again, let me tell you that at some point you need to take the risk and buy bitcoin, since no one can tell you with absolute certainty when the price will go down again.

Doubting it also needs to be looked at, but I would say that our investment comes from each behavior evaluating different conclusions, but outside or surrounding opinions should only be viewed at the level of reference. for the final decision, and here I want to ask what OP will do next. I myself have been accumulating BTC since late 2022 so I can also see some of the moods people are having as I have been through them too, but it's fairer if I'm not a player shortterm and have a broader view of development and price such as BTC's target over $100000 in the future, everything is now a big opportunity. Regardless, being dominated by the news is hard to avoid in various financial sectors, but it's also important to look back on whether we let it rule us or we want to play the game where we decide.

Take the risk or not and decide with the best possible consideration,
this is crypto market which is not easy to predict,
when we don't make a decision and see the price of Bitcoin going up then we will regret it.

The fact that the market is about to go up and the price will go up again, the bear trap here is because we are skeptical and really confused with our knowledge and experience. I see many people like to play the brave game against the general trend, as well as being too caught up in the direction of news and events, each of us has different analysis and goals. about this market. I'm not too concerned if the price drops further in the near future, although I hear a lot about BTC price returning to the $15k mark, I'm not too fixated on such milestones. The direction and movements reflect for me to decide to invest more or less in the short term, but the vision for the next few years will be the same when I believe that I will see BTC reach a new ATH.

It can be said that Bitcoin in particular and cryptocurrencies in general always have an irresistible "magic" for speculators and venture capitalists. With an increasing number of investors participating in the market, many people lack knowledge about both the market and security. Especially when they are often caught up in the direction of news and strong market fluctuations. Therefore, it is not possible to determine the direction as well as the high psychology that makes the decisions more difficult. This will be bad when the market suddenly goes bad; it will knock you down at any moment. So be careful in front of this market; even if it is a beautiful green color, maybe it will knock you down at any time.

Bitcoin will reach $40k if it stays above $30k if at the end of this week it doesn't dump,
take it easy this last week is less than a few hours away and Bitcoin will be confirmed to go up,
I'm sure this is not a bull trap so don't worry, accumulate and buy as much as possible.

Hard to predict the outcome of the market. But we all knew that more good news are keep pouring in. This is a good sign in my opinion and some take it as bullish in the direct market sentiment. There are some fuds before but probably was just a set up for something bigger. Anyway who doesnt want a bargain sale before going to the moon right?

To be honest, I don't think Bitcoin going up to $31k is a trap, because I read a lot of good news for Bitcoin this month,
so it's normal for the Bitcoin price to recover to $31k, and yes, even though Bitcoin is still correcting below $31k I'm still comfortable.
because according to the TA that I made Bitcoin could reach $35k this month before another correction to continue its journey.

I might be wrong but I think you got 'bull trap' and 'bear trap' wrong. AFAIK a bear trap would be where bears get trapped. In your case you're talking about bulls getting trapped and hence this would be a 'bull trap'.
Again, I might be wrong but others can confirm.

What you said might be true, or it might be not as well.
Analysts giving accurate results? I guess you're just dreaming. Analysts who are saying their opinions on the current market are just speculating as well just like us. They might seem experts, but they can't predict the market with 100% accuracy. Why? it's because no one can predict the market.

Bear trap or not, this current uptrend gave good profits to those who positioned long in their trades. Anyway, some made profit, and some lost their money, but me as a Bitcoin holder isn't affected that much by this because I'm holding for long term. I guess expect a downward movement in the upcoming weeks as investors might take profit again, and we might see Bitcoin go below $30,000 again.

I've never heard of a bear trap. I've heard of bear season or bull season. But what has happened in crypto trading is what cannot be predicted. There is no theory about how the market will move. But I am not a market analyst. Let me know if what I have thought was a mistake.

I don't think it's a trap because changes like this usually happens and is a part of the market's volatility. We have to deal with the bearish and the bullish season and it's up to us to handle it emotionally. If you feel like you're being trapped them focus on holding as the prices would bring you a roller coaster ride of emotions. Just continue holding or just take advantage of the market situation and accumulate potential coins while you're in fear. Often times, we mistakenly thought of the correction period as the bullish trend but in fact, it is normal for the market to face the recovery period. The crypto market is unpredictable so we must expect indefinite changes all the time and must be well prepared to deal with its volatility.

When it comes to the movement of the price in the crypto market, anything is possible whether that was a sign of continue increasing of the price of altcoins or just merely little positive turn of event in the market because of numbers of reason. Either way, we need to be vigilant when we start to put our money in our altcoins of our choice because it could be just a temporary increase and it will be back again to lower price in the next days. So it is recommended to fully research the project in order to maximized the security of your investment.

There wouldn't be a trap I think, it looks like it's going to be a good case of just investing at the right time and we are doing fine, all the people who think that we are investing at the wrong time and this could be some sort of trick are just worrying for no good reason and they shouldn't, it's doing fine right now.

The best thing to do for bitcoin is the fact that we are going to end up with a good result for the long term and should be dealing with whatever good can come out of it. I know people are not worried about it all that much, but the best thing to do right now is just to go for it and purchase bitcoin so that you are not too late. If you think this is a trap, then do not get in, but do not regret it later when you see everyone making a profit.

No one can predict the market trends with certainty. By checking the past trend, a person can somehow predict the price action. I think this is a trap to lure in more investors for exit liquidity. 

Therefore, I suggest you not invest in the market at the moment, analyze the news, and connect the dots before making any decisions.

A bear trap and a bull trap are very common terms used to describe some market conditions, for example if the market is trending upwards and then a reversal seems like it is coming, this could make some traders to sell their assets, only for that reversal to never appear and the upward trend to continue, this is a bear trap and as you may guess the opposite of this scenario is a bull trap.

Now is this what we are seeing? Who knows, the 30k resistance level has been very difficult to surpass so I can understand why some traders may think a reversal is coming.

Read recent news and then you will find the answers.
1. Keyword - Bitcoin ETF
Because of that news, a big wave happened with Bitcoin which pulled a lot of altcoins up. This just means there's a way to be added in big investment companies like Blackrock which I do believe is a big deal.

But I will still get ready if I were you.
The SEC versus Binance charges is still there and the traders in the said exchange might dump any minute so it's still better if we are not too optimistic about this green light. It could be anywhere and the volatility of Bitcoin will not be gone. Once it is also dumped by those who are taking their ROI, there's a chance it could go back to its past month's value.
Register for movement notifications so that you can monitor what is going on every hour or every day.

Could be. Firstly i think the market gonna crash because of the problem between SEC and Binance, the day news comes out all of the market has become red. Then 1 week later the news about ETF make the price green again, this investment full of surprise and scenario. So just hold the coin you believed.

I have also looked at and heard from several sources regarding this event, which honestly to me are valid reasons to represent the price of bitcoin, since without them they would over time we're still going to have to go up, seeing yesterday's volatility and looking at it's reaction to the news that the SEC isn't well documented with ETF proposals, I think it's kind of an opening in the future when they'll accept accept it, just as the SEC and binance controversy will cool down over time, it's easier to see when we enter a new bull cycle that there won't be much interest in the so-called FUD.

As an experienced participant in the crypto space, you are aware that it is impossible for anyone to provide a flawless analysis or predict the sentiments and expectations of every trader or investor. However, in my personal view, the current market appears favorable and I do not anticipate a significant decline from this stage. Nevertheless, it is possible for corrections to occur at any moment. At present, I hold a positive outlook. We have already been enduring an extended period of bearish market conditions and are hopeful that the trend will shift in the near future.

It should be like that because if we just make a decision to buy it will be risky,
the importance of doing research and analyzing the news because then the decisions we make have at least some basis,
what is clear is that the crypto market continues to move and continues to follow its developments.

Who knows? When i'm thinking the market gonna go down and then it turn into up. Always. I don't know why.
What can i say is there some BIG entity entity/community/company or whatever it is control the market.

I think Bitcoin is very strong for the next bullish,
because for the past few weeks Bitcoin has been strong above $ 30k and I believe the trap doesn't work anymore,
Moreover, the news about Microstrategy has also bought Bitcoin is a good addition to Bitcoin, of course this will be positive.

You are asking for an impossible, no one knows what the price would be tomorrow and nobody can ever give you an accurate prediction and of course results. Because if someone do, we could've been all millionaires now lol.
Anyway, you should have accumulated now while the price is still considered low. One of the things that some investors may have missed opportunity is to buy earlier than later when the price starts climbing up. FOMOing ain't always guarantee you a good return though. You should think wisely while we are now fast approaching with the halving.

I think the market is still very volatile and unpredictable, so I wouldn’t rush to buy ETH right now. It could be a bear trap or a temporary rebound, but no one can say for sure. I would wait for more confirmation and stability before investing.

Base on the current market condition it has not fully stable to move towards a one direction, simply know as Bull Run, because it may form a sudden dip, which can make future trader to make loses as a result of being in wrong a position.

You have to understand one thing with this market, investors are here to earn money, they are not here to do any party, so when you see market is pumped when everyone expected it to dump, then you should understand that's it's there hand work, they are doing that in their own favor, they are doing everything to protect their investment whether they called it manipulation or not, they will not allow their investment to soak in the water. My advice for you is this, if you are new into this game of buying and selling coins, do your own research and pick interest in whatever coins you want to buy and proceed and buy them and take yours eyes off the price, they always pumped after some period but you must make sure you are capable of holding it.

No one could predict what would happen in the future because the behavior of cryptocurrency that is volatile and unpredictable, the situation could turn around 180deg in a second if possible. There is analysis and speculations you can read in the internet regarding this and one is so easy to speculate but it's up to you to actually believe it or not.

None can give accurate market speculation/predictions and for that, we all have to rely on risk if you have the conviction that Ethereum will continue to raise alongside other assets it becomes ok to buy in at a price that will extend your liquidation price very far and for long.


But if you have a long-term investment goal,  it then makes sense to buy at the current price and hold for a while to see what becomes of the reality of things when the bull market happens after April next year.

Invest according to your plan - if you want to be a long-term holder, then you should be able to safely buy it now. Dollar Cost Averaging [DCA] - that's what you need to think about if you want to do entry. If you're in doubt - then don't do an all-budget entry but consider DCA.

ETH is one of the best performing altcoins – but also consider diversifying even if you are optimistic about the future. So far I haven't bought ETH - but it would be nice to also have it in my long term investment portfolio.

^ That is a good recommendation.
DCA would be a perfect way to buy and considering not thinking it is a trap because you buy at a low price.
Because for me, DCA allows you to benefit from averaging out your costs. When prices are high, you buy fewer coins or ETH with your fixed investment amount. Conversely, when prices are low, your fixed investment amount buys more potential crypto including ETH. By doing this it can potentially lower your average purchase price over time and increase your overall investment return if the price will surge back.
Remember that DCA helps instill discipline and a long-term investment mindset, particularly in volatile markets like cryptocurrencies. By continuing to invest consistently regardless of short-term market fluctuations, you can stay focused on your investment goals and avoid reacting emotionally to market ups and downs.

We only can speculate regarding market prices but I am sure the general direction is up. The more you buy when the market dip appears the happy you will be as an early, smart investor when the bull market season arrives. Don't let the negative thoughts enter your mind and no, this can't be a bull trap as since numbers never lie. You can open the historical BTC chart and check the bear spikes that follow bull season candles. So my suggestion is to catch the best ROI points on a chart and buy the dip points.

https://www.talkimg.com/images/2023/07/02/SiSdl.png

If you look at the current ETH price then I see this is not a bear trap. Right now ETH is still holding steady at $1,900s and I think the price of ETH will keep going up and up. But this is speculation because there is no firm theory of how the market works.

ETH is a good buy, many consider it as a long-term hold. I bought ETH for my portfolio, and I've already applied the DCA method to it several times. But from my investment experience, I can say that other altcoins don't really benefit from this tactic. Many altcoins, especially those at the top of the rankings, do not have enough investment efficiency to constantly invest portions of money in them, thereby averaging their average purchase price.

Can't still believe we are in the bullrun. Bought some Solana at the lowest price when the crypto-market was very bearish but recently sold it all yesterday I want to see Btc reach at least 35k before believing the bull market is fully back as for now I am currently holding back making any new investment .

I understand this doubt, it's because you think short term. if you think long-term of course you won't feel doubt like that because surely you are sure that in the future there will always be history that bitcoin has achieved. I can't say this is a bear trap or not because no one knows what will happen after this, for example like the SEC issue that appears suddenly and makes crypto prices go down.

This is a highly recommended strategy, however, for me this strategy is a very suitable strategy for bitcoin. I don't know about your opinion, but maybe you have a slightly different opinion from me about which coins to apply this strategy to.
I prefer to suppress my desire to buy altcoins a little bit, I'm focusing more on bitcoin right now, but I also still have some altcoins that I hold in my wallet.

If I follow my passion, there are actually a lot of coins that I want to buy, but I realize that something done with ambition is not good, and I prefer to suppress that.

No one can provide accurate market predictions to confirm whether this is a bear trap or not. The crypto market is very complex and is influenced by many factors that are difficult to predict with certainty. Market analysts use a variety of tools and methods to analyze trends and understand market movements, but none can give any guarantees about what will happen next. So, if you want to buy now, then you should do fundamental and technical analysis first and use the funds you are prepared to lose.

You've pretty much summed up what to do in situations of doubts about whether we're walking into a trap with our decision to sale or buy crypto. Applying fundamental and technical analysis, can be a helpful tool to help an investor to analyse the market better, because nobody can give accurate prediction of the outcome of cryptocurrency price.

In the case where an investor is skeptical about price, whether to buy preferred crypto coin or not, then in order to minimize risk, can invest what he can afford to lose. However if after analysing, he feels more confident, can then invest a sustential amount.

Even though the market is currently looking positive with ETH crossing the $1.9k level, and the market turning green it is hard to predict with great accuracy what will happen next. Moreover, to determine whether this is a bear trap or not, because anything can happen in the crypto market. That's why it's important not only to enter the market on a whim but also with careful analysis and a sound risk management strategy.

Whenever Altcoins do make out some greens then we do assume that it might already alt season but once Bitcoin would really be making out some huge movement whether going up or down then it would really be always that been dragged down or up basing up on the trend. There's no way that we could be able to determine if its a trap or not. One thing that you should really be observing that whenever do news comes out specially in speaking about fundamentals then expect that there would really be something in speaking about dumping in the market. Always be wise on taking up action whether you would really be securing your position at the bottom or would really be refraining on making some actions and would let pass on the things to cool down.

There's no way on determining about being a trap because the price could neither shoot up further or would really be neither a bear or a bull trap. Its really that hard to determine even if you are someone whose really that
already that knowledgeable or veteran towards the market but due to these unpredictable conditions then it would be never easy on taking up decision.
No person or trader on this world would really be able to know on whats next, but pretty sure that we are aware that manipulation and other correlated
things could really happen.

whether its a trap, we can be sure 100% that the market still undervalued, no need to worry about a trap because even if market going down we are already having good entry.
so we are overall still in a good opportunity to make accumulation i refuse to believe that any correction would affect us that much anyway.

A trap or not when investing requires proper knowledge so that you won't miss any opportunity because it could be a sign of a further increase in the price in the upcoming days. in the crypto market, nothing is certain but you could minimize the risk if you know more about the movement of the price and you will have some idea of where to start because of your past investment experience. That's why before anything else especially when it comes to your first investment, learn everything necessary from the basics and preventive measures against scam projects and hackers in order to save your time and prevent yourself from getting fooled into investing in a pump and dump coin.

ETH I really believe this is an investment that will never die and no doubt even though the price still hasn't exceeded ATH. The market is currently showing signs of recovery, there may be some understandable concerns about a potential bear trap. however if I have noticed, it is very important to approach such situations with caution.

Certainly market indicators, and fundamental analysis, which can help inform decision making.

Looking at when the topic was started, I would say that it is a different period we are in right now. I feel like the current situation is not a trap, we are at 37k+ and we are going strong, I think we may even finish the month at near 40k, that's not really that far away, something like maybe 5% or so? That should be enough to get closer to it at least.

This is why I believe that we need to be careful about it, we can't really make it work all that easily if we are not aware of how we are doing, if we keep thinking there could be something wrong and constantly fear then we would never be able to make a profit. We are doing fine, and it's not a trap, and we just need to keep on investing and holding until it's even higher.

If you are so sure that the potential increase in the price of ETH will reach a new ATH later, then it is time for you to buy at the current price and then hold it until the ATH arrives in time. Opportunities will not be repeated twice, therefore, use the opportunity you have to invest so that you don't miss the opportunity to reap maximum profits later.

Understandable - I see it the same way, earlier in the year we saw a quick squeeze before a long sideways fade. Demeaning and left a lot of HODLers holding on for dear life. This is what makes markets. uncertainty. Everyone is primed emotionally for a run, your guess is as good as mine. That being said it gives time for projects to prepare, develop, and launch for next run.

No one have power over the market, it's manipulated by the top companies and influential whales, these are the only people that can manage to control and not for long, it moved against their predictions, so they do actually have aims to meet up either every week or days. The market is generally for everyone, we are the ones that will specifically set the time that would be available for favorable for us and not the other way round. The experienced gamblers have noticed the slight differences in the market and are warming up for the massive bull season to come. We just stay ready to milk the season.

None can give clear information on how the market could turn as well as what is the present trend of the market. It is always good to go along with the market, which means keep holding and if you find the price reached is good to make good profit go for it. If not, keep holding and market will have continued bullish and bearish move. We can't be judgemental on this as bear trap, and at these situations we need to be into trading to continuously buy at the dip and sell at the rise.

Based on the time that this thread has been posted and from the present time, it seems that it's not a trap for Ethereum. It's currently stable to $2k and that doesn't move a lot from $1,900 if ever some short correction happens.

Right, there will be no better opportunities if being done right now. But this is also going to depend on your current situation if you're able to. Aside from seeing the potential of Ethereum right now and moving to a higher price soon during the bull run, think of yourself if you can afford to buy now.

It is good that careful observations and analysis is being made in order to make an entry into purchasing your choice of currency which might not be the best that you should have ventured into, rather you should have considered Bitcoin at first before any.
The market can be unpredictable even after maken much claim on your  analysis, could be the trap you suggest it to be.

Could it be just me or anyone else have the same opinion towards waiting for the market to turn green before trying to purchase my currency, must you get out of the DIP before you make an entry or I feel like you afraid of seeing your funds go below your entry point. It doesn't really matter for me waiting for the bull run before buying, at a point where I feel is enough dip for me I would prefer making an entry so any upward trend for me is a profit and any more dip is still an opportunity to purchase even more to cover up the space from my first buy

That's not how you should label it, it's trading and not gambling and even though some say they have similarities, they are not the same thing unless a person invests their money in projects that are complete trash and useless but promise high returns to investors only to lure them to buy their coins or tokens. When investing your money in trading, you should just think that the money you are using might get stuck for an amount of time unknown to you or anyone because the market is highly unpredictable and can go up or down at any time, but one shouldn't think that they will lose their money.

I know that people lose money in trading, especially if they are doing futures trading or options trading because the risk of losing your capital is higher in those kinds of trading, but if someone is just trading in the spot market, they won't lose money if they are choosing the right cryptocurrencies and aren't selling when the market is down.

When altcoins make greens, we assume its alt season, but when Bitcoin makes a significant movement, its always dragged down or up by the trend. We cant tell if its a trap. One thing you should watch out for is market dumping when fundamental news breaks. Always behave wisely, whether you're securing your bottom position or resisting and letting things settle down.

That the price couldnt rise further or constitute a bear or bull trap makes it impossible to determine. Even if you are well-versed in the market, making decisions might be challenging owing to unforeseen conditions. We cannot predict the future, but we are aware of the possibility of manipulation and associated events.

My current opinion is, the market will still be sideways and there is still the possibility of a decline, until the day the halving approaches.
but if the btc position continues to rise then that possibility will become smaller.
but you can trade briefly to see the opportunity then sell when you have made a profit.

No one knows what will happen next, but my prediction is that the market will still be sideways then rise to halving and sideways for several months and will start increasing in Q4 2024.

I absolutely agreed with your analysis of the market because the market is not a one way traffic there are bound to be consolidation of the price and pullbacks, many investors and price analyst are expecting the price of Bitcoin to continue with the uptrend forgetting that there are bound to be minor reversal or pullback of the price till halving of Bitcoin next year, however altcoin investors should be aware that it's better to be taking profit after the price had peaked just like what the OP said it might be Bull trap thus unexpectedly the price might dump basically the price of crypto is unpredictable once we are in profit take it and exit.

For a short period of time this can be a trap because the market has been bullish for almost 2 months and it is normal for the market to make a correction now. But for the long term holder i am not seeing any problem at all. Any correction from the market can mean only one thing and that is more opportunity to fill the bag. I think most of the long term holders have this mindset right now because all of them survived one of the longest bear season in crypto history.

We have experience the bear market for quite some period of time now, following the Bitcoin cycle which is a very strong factor for trends in the crypto market it's said to be believed that we have gotten pass the bear period altho not completely but for a while we can be sure not to go too dip the only worse thing that can happen will be a correction, there are support and resistance level which if these prices get to, they usually try to come back and correct and that's the experience you could get now, so I can say it's not a bear trap and market will continually progress in the upward direction so if you don't hop in now you may be faced with FOMO soon

Previous historical chart say there could be a major correction before the halving and this can occur in Q1 2024. The market can be manipulated to give Blackrock like ETF managers, a better position to buy bitcoin as some of the big corporations, like Microstrategy, are already sitting at a good average buy with tons of bitcoin. So Blackrock needs to have a good deal to accumulate bitcoin before the final ETF approval otherwise, they will be forced to buy at a higher price than those early institutions.

If you think realistically, the market price will certainly go up and down, so just take the positives. Especially for ATH, even though the current price is still at $2,018, it is possible that it will continue to rise. My assumption is that this is only temporary before next year. I personally am very confident in the future of this King of Altcoins and its potential.
     

The market was sideways on it's bottom for years now and there way only way up. There are a few ups and down before the ultimate run but there ought to be some corrections now.
We can call this a trap if the market returns to the same or lower level than it were six months ago, but I don't think that will be the case.
But still If you are in confusing to whether buy now or not, the best way is to buy it on small batches. So, that you can buy more and and decrease your buying price.
I have personally booked profit on some coins and waiting for them to decrease a bit to buy more.

I don't really think about the small pump that is happening right now, because in the end it will also experience a rally, considering that there could be a price correction, or it will actually fall deeper, considering that there is no certainty in a market, or also that this is really a bullish season started. For me, the most important thing in choosing coins is that we have to be careful, so that waiting time doesn't cause panic

and also not always holding coins long term like new altcoins can provide big profits.
we know here that BTC is the safest for the long term, and several altcoins are at the top such as eth, matic, link, bnb.

BTC only. Indeed, everyone has the opportunity to return to their original ATH with one condition that BTC rises first. Yes. I know the coins you mentioned above are most sought after and kept by traders or investors, but what you have to do is buy some BTC so that all the coins you mentioned rise and get pumped.