It's a bear trap

[ask]

 

[jeannemadrigal2]

I think the price of btc, since I assume we are talking about that, will bounce in the low 270's.  But I am no expert so don't bet on my advice

[ask]

I think the price of btc, since I assume we are talking about that, will bounce in the low 270's.  But I am no expert so don't bet on my advice

I actually don't think, but it IS a bear trap, for sure!

[Greendragon]

I'm a bulltard and I do not believe that this is a beartrap. This 'pump' was due the litecoin tards + the Greece traders.
Lets wait till gimini launches to go to the m00N
Volume looks a bit to weak to call it a trap.
But hey I hope your right

[ask]

I'm a bulltard and I do not believe that this is a beartrap.

-100

But hey I hope your right

+1

[bitcoin carpenter]

At this point I'll hold my fiat until I see another bottom(continuation of bear trend) or a breakout above 310.  I'm guessing it's a bear trap though, just not one I want to bet on.

[Greendragon]

It is not a trap but a correction. The bear market is over imo. We will climb 10 dollars per week or maybe each 2-3 weeks till moon.

[jt byte]

I agree right . This bull run may at a higher level than now, but the bubble cycle hasn't even begun yet. I don't think the bull market is dead.

[farting_shot]

I agree right . This bull run may at a higher level than now, but the bubble cycle hasn't even begun yet. I don't think the bull market is dead.

Are you calling the recent rise from 260 to 310 a bubble? You know nothing, do you?

[randy8777]

what some consider a bear trap, may turn out to be a great time to invest in bitcoin for the others. it may go down a bit further, but definitely not below $250. but i think the chances of getting to $290 level are higher.

[bitcoin carpenter]

It is not a trap but a correction. The bear market is over imo. We will climb 10 dollars per week or maybe each 2-3 weeks till moon.

 correction, bear trap, Same thing.   I just belive that bitcoins  true worth is much higher than you do...
Whether other people will begin to see it that way is still in question though therefore I like to buy or sell once the trend line has established itself.

[wlefever]

what some consider a bear trap, may turn out to be a great time to invest in bitcoin for the others. it may go down a bit further, but definitely not below $250. but i think the chances of getting to $290 level are higher.

And, it may turn out to be a bear trap and test support levels below $250.  I think chances of going lower are greater from here then higher short term. 

[cakir]

I've read it as beer trap and came for free beer
Unfortunately yeap it's bear trap and we'll crash under 250$ soon...

[darkangel11]

I agree right . This bull run may at a higher level than now, but the bubble cycle hasn't even begun yet. I don't think the bull market is dead.

Are you calling the recent rise from 260 to 310 a bubble? You know nothing, do you?

It was actually 316.

And yes, op you might be right.

[tyrexs]

yeah this is a trap again like before. i hate some big player manipulation market like this. i see price will crash under 240 soon