Bear trap or continuing upward trend??

[BitcoinBallerina]

Volume was recorded suddenly higher and price is also jumping,
if someone is sorting, I don't hink he could manage that big.The price was also too low for the uptrend so far,
it is not a surprised if many peoples decided to buy and it is a war between sorting and pumping

I like it.

It's always a continuing upward trend. The BTC supply is deflationary and it's supply is scare therfore it'll only get more valuable over time.

[bengems]

When I look at BTC/USD price chart in MONTHLY my hearts skips a bit, it has a whole lot of correction to make, when is what I don't know.

[maydna]

i am not sure of this because in this september, we see many things happen, from bitcoin is jumping at the high price and then the price is suddenly down to the bottom. but my feeling about bitcoin until the end of this month, bitcoin can increase but not to high, maybe we can reach $4k again soon but lets we wait and keep an eye on the market.

[pikebu]

The bearish trend price of bitcoins will be continuing at least for one more later due to the China still bans bitcoins and the exchangers on there must be shutdown, that is sensitive issues especially the media preach it, (Can Bitcoin survive China’s regulation? The next year will be key. https://t.co/Etrck1XQHH) it will be impact to bitcoins become down, so my strategy of trading must be changed to short taking profit.

[christyh]

Yes I exactly, crypto market seems go to back $50 cap soon

[Golftech]

The bearish trend price of bitcoins will be continuing at least for one more later due to the China still bans bitcoins and the exchangers on there must be shutdown, that is sensitive issues especially the media preach it, (Can Bitcoin survive China’s regulation? The next year will be key. https://t.co/Etrck1XQHH) it will be impact to bitcoins become down, so my strategy of trading must be changed to short taking profit.

this should be taken seriously as pairing or shorting would be really risky if we talk about bitcoin, this china's issue really making a huge impact
inside the crypto world, better to make some good planning and strategies before taking this sort of risk.

[bitcub]

Based from the Bitcoin charts of cup and handle, we should be in the bear trap now. But due to increasing number of investors and non stop bitcoin buyers. Bitcoin is unable to stop.

The only thing that can stop bitcoin is the shitty fake news and shitty talks from known people in the market.

I would like the opinion of any experienced traders out there regarding the current price of bitcoin. With the price jumping back up over the last 24hrs im wondering if you think we are in a bear trap or we will see the return of the upward trend over the next 3-4 days? I've made some immaculate profits trading in a 30% dip and would like to know what others are thinking.

appreciate you thoughts.
cheers

[groko271]

Thanks for all the replies guys, its good to get opinions across the board.

Based from the Bitcoin charts of cup and handle, we should be in the bear trap now. But due to increasing number of investors and non stop bitcoin buyers. Bitcoin is unable to stop.

The only thing that can stop bitcoin is the shitty fake news and shitty talks from known people in the market.

I would like the opinion of any experienced traders out there regarding the current price of bitcoin. With the price jumping back up over the last 24hrs im wondering if you think we are in a bear trap or we will see the return of the upward trend over the next 3-4 days? I've made some immaculate profits trading in a 30% dip and would like to know what others are thinking.

appreciate you thoughts.
cheers

This is what I was thinking, looks like a bear trap, but bitcoin often breaks the rules. 

[layoutph]

True, Bitcoin is not so obedient with the charts lols. Have you seen the chart of FUCK token, I think this is the future graph of btc upon reaching $20k.

[Wind_FURY]

Volume was recorded suddenly higher and price is also jumping,
if someone is sorting, I don't hink he could manage that big.The price was also too low for the uptrend so far,
it is not a surprised if many peoples decided to buy and it is a war between sorting and pumping

I like it.

It's always a continuing upward trend. The BTC supply is deflationary and it's supply is scare therfore it'll only get more valuable over time.

Judging from Bitcoin's past actions since 2014, yes. But there is always a chance that the 2010 - 2013 cycle might repeat itself. I am not saying that the price will go back below $1000, but we might not see it rise again for a longer time than expected. I will still buy the dips though but I place my bids a lot lower than usual.

[tittensor]

i am not sure of this because in this september, we see many things happen, from bitcoin is jumping at the high price and then the price is suddenly down to the bottom. but my feeling about bitcoin until the end of this month, bitcoin can increase but not to high, maybe we can reach $4k again soon but lets we wait and keep an eye on the market.

Or Bitcoin will end the bullish trend from June, because it has pumped to high price in this month, we do not have reason for want the price of it continue this trend. It just makes Bitcoin look like a bubble more than and attractive speculator, of course, I do not want them invest to Bitcoin

[bamboylee]

This is a steady rise since the news came out that clear the statement of banning bitcoin. China cannot  ban bitcoin. They are just regulating it. This is not a bear trap but maybe a start of a new bull run.

[hasmukh_rawal]

I would like the opinion of any experienced traders out there regarding the current price of bitcoin. With the price jumping back up over the last 24hrs im wondering if you think we are in a bear trap or we will see the return of the upward trend over the next 3-4 days? I've made some immaculate profits trading in a 30% dip and would like to know what others are thinking.

appreciate you thoughts.
cheers

Here you can say that bear trap was in action for sure, and you could have entered your long positions if you entered right at the reversal price level between $3800 to $4000. The return of the uptrend has been started if you have nice gut feelings then you can enter your long positions otherwise you can wait, i am expecting another small dip towards $3600 levels or $3500. If it sustains over there, then you can see the strong upside move for sure.
But If the fall is seen again then you can expect Fibonacci retracement levels of 61% -78% comes in action there or at least they will make double bottom again before going up.Great to hear that you have made profits.

[KEPLER99]

Volume was recorded suddenly higher and price is also jumping,
if someone is sorting, I don't hink he could manage that big.The price was also too low for the uptrend so far,
it is not a surprised if many peoples decided to buy and it is a war between sorting and pumping

I like it.

It's always a continuing upward trend. The BTC supply is deflationary and it's supply is scare therfore it'll only get more valuable over time.

Bitcoins are technological, digital form of currency that deals in technology. Technology is making the universe a portion of village, future is technology, present scenario is making all believes true. Join these all blocks and see the chain of upcoming trend in high and more highness.

[audaciousbeing]

If there is anything I have learned in the case of bitcoin is that the past has always not been the best determinant of the future. A lot of times we try to  predict the current happenings to bitcoin based on what happen in the past and by so doing decides to take action on but we all forgot that historical figure is meant to stay in the past.

With the current happenings, its really difficult to say for sure what is going to happen next but as a risk taker and a trader, what should be paramount is that 'how do I make the best out of the current situation' rather than bothering about whether its a bull or bear, octopus or snake, eagle or bird. If you are not a risk taker, dont come near the game.

[BureauChef]

If there is anything I have learned in the case of bitcoin is that the past has always not been the best determinant of the future. A lot of times we try to  predict the current happenings to bitcoin based on what happen in the past and by so doing decides to take action on but we all forgot that historical figure is meant to stay in the past.

With the current happenings, its really difficult to say for sure what is going to happen next but as a risk taker and a trader, what should be paramount is that 'how do I make the best out of the current situation' rather than bothering about whether its a bull or bear, octopus or snake, eagle or bird. If you are not a risk taker, dont come near the game.

I think upward trend will continue, yet there is a breakout. There will be some break and then it will continue as the same. It's not a bear trap to me.

[groko271]

If there is anything I have learned in the case of bitcoin is that the past has always not been the best determinant of the future. A lot of times we try to  predict the current happenings to bitcoin based on what happen in the past and by so doing decides to take action on but we all forgot that historical figure is meant to stay in the past.

With the current happenings, its really difficult to say for sure what is going to happen next but as a risk taker and a trader, what should be paramount is that 'how do I make the best out of the current situation' rather than bothering about whether its a bull or bear, octopus or snake, eagle or bird. If you are not a risk taker, dont come near the game.

I think upward trend will continue, yet there is a breakout. There will be some break and then it will continue as the same. It's not a bear trap to me.

when i posted this thread a few days ago i was unsure, however, after observing the chart since then I tend to agree with you. I'm thinking another rally +20% is in order very soon. im bullish and buying a few btc atm...

[Kemarit]

If there is anything I have learned in the case of bitcoin is that the past has always not been the best determinant of the future. A lot of times we try to  predict the current happenings to bitcoin based on what happen in the past and by so doing decides to take action on but we all forgot that historical figure is meant to stay in the past.

With the current happenings, its really difficult to say for sure what is going to happen next but as a risk taker and a trader, what should be paramount is that 'how do I make the best out of the current situation' rather than bothering about whether its a bull or bear, octopus or snake, eagle or bird. If you are not a risk taker, dont come near the game.

I think upward trend will continue, yet there is a breakout. There will be some break and then it will continue as the same. It's not a bear trap to me.

when i posted this thread a few days ago i was unsure, however, after observing the chart since then I tend to agree with you. I'm thinking another rally +20% is in order very soon. im bullish and buying a few btc atm...

Yes I'm very bullish as well. I'm thinking that another massive bull run is in the horizon. The TA analysis may have been quite on the target. And it point to upward trend. So its either hold again and enjoy the ride or bought at this level before the price could explode in the next coming months. So for me its not a bull trap after all but a consolidation that will push the price further. I'm seeing around $5000 will be touch again or even more before starting a minor correction. Will continue to observe the how the price moves but I'm very positive that this is all what we have been waiting for, another bull run.

[ethereumhunter]

If there is anything I have learned in the case of bitcoin is that the past has always not been the best determinant of the future. A lot of times we try to  predict the current happenings to bitcoin based on what happen in the past and by so doing decides to take action on but we all forgot that historical figure is meant to stay in the past.

With the current happenings, its really difficult to say for sure what is going to happen next but as a risk taker and a trader, what should be paramount is that 'how do I make the best out of the current situation' rather than bothering about whether its a bull or bear, octopus or snake, eagle or bird. If you are not a risk taker, dont come near the game.

I think upward trend will continue, yet there is a breakout. There will be some break and then it will continue as the same. It's not a bear trap to me.

when i posted this thread a few days ago i was unsure, however, after observing the chart since then I tend to agree with you. I'm thinking another rally +20% is in order very soon. im bullish and buying a few btc atm...

i am watching the market too like you before the price is rise at $37xx and i see the trend is going to go up and it proofs now. wee see the price is reach $4xxx but i don't know until how much the price will increase. but i think if the conditions is like this, maybe we can reach $45xx soon before end of this month.

[BillyBobZorton]

The bearish trend price of bitcoins will be continuing at least for one more later due to the China still bans bitcoins and the exchangers on there must be shutdown, that is sensitive issues especially the media preach it, (Can Bitcoin survive China’s regulation? The next year will be key. https://t.co/Etrck1XQHH) it will be impact to bitcoins become down, so my strategy of trading must be changed to short taking profit.

Wrong, China's ban is already price in. Why is it so hard to understand? Nothing is going to happen 2 days from now. Forget about 30th of september, it is a non issue anymore. Just like nothing happened in August 1st when so many idiots were scared, nothing will happen in 30th september. The only thing that can stop BTC from going to $5000 soon is some unexpected news like US banning BTC or something ridiculous along the lines. Otherwise not even big blockers can stop this rise for an ATH. Get ready and buy the dip or you'll be crying soon.