TRAP or TREND?

[BrewMaster]

this current drop that started an hour ago from the peak of this bull run is a trap, a bear trap to be exact. it is more like the last shakeout of the 3 digit space before we go above it and beyond $10k into the 5 digits territory.

[1714098351]

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[1714098351]

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[taiwww]

this current drop that started an hour ago from the peak of this bull run is a trap, a bear trap to be exact. it is more like the last shakeout of the 3 digit space before we go above it and beyond $10k into the 5 digits territory.

Yeah I would like to think in the same way and currently something similar is on my mind too. I mean I do think that it has got to do with he MEW hacks and ETH dumping caused the panic surge through rest of the coin holders too.

But it could be merely a coincidence where the down trend started and yes surely this is just the bear market the same way we experienced in between the last two weeks only the difference is this one is far far intense than the others.

Anyway BTC is already up by couple of 100 USD since the dump.

[ufaiz50]

I think it's up trend then about the red market this time in my opinion it's only correction because of sudden suddenly high enough today, that's just my opinion, maybe if tomorrow's market is still red it means this is a bull trap.

[lumeire]

In all honesty it looks more a trap to me. Basing from the previous weeks the market looks real suppressed or you may even say manipulated at times, but now it's freely rising up breaking walls one after another, IDK but it does look fishy to me.

[dothebeats]

For me, it doesn't seem to be any trap at all. All signs and indicators point out to it being some sort of a bull run and the bears seem to not oppose this. Funnily enough, the push sustained even with signs that bitcoin is overbought; people just don't seem to care because they don't want to miss out yet another bull run just in case it goes nuts once more. A few weeks of sustained growth would spell good news to us if it can handle such rise. Until then, enjoy the ride while you can still get cheap coins and rake in some profits.

[harizen]

This is big trap bullish or uptrend for bull team. What do you thinking now?

Trap or not, if anyone's goal is to hold then disregard that thinking. After all, if Person A goals is to see bitcoin price on the moon then any price will do for another entry since the goal is to increased the bitcoin quantity in their respective stash.

And to answer it directly, just look how the price behaves. Playing on a matter of $1,000 margin is really not can be considered as a trap since the dips are still present on the way. In other words not a full momentum for the bulls. As for my own analyzation, maybe if the price will reached for let's say $11,000 'in just a short period of time" starting from the current price rate then a price dip happened afterwards until to what is the current price today, I will called that a bull trap.

[Shenzou]

This is big trap bullish or uptrend for bull team. What do you thinking now?

No one really knows which is which honesty, the cryptocurrency market has been and will always be unpredictable and anyone who says that he actually knows what is happening with the price changes is full of it, for all we know the current situation is slowly improving, the bitcoin price is for sure not going to rise as fast as it did last year, but it will surely keep on going up, so it does not matter weather it is a trap or a trend.

[Mrs Troll]

We have seen couple turn backs already, so I would like to predict new run in few days with at least +1500-2000$ price up. Anyway in long-term btc was doing +xxx% per year for a long time, so...

[okala]

This is big trap bullish or uptrend for bull team. What do you thinking now?

I think we are at the bullish trend though short term's.  The bearish momentum is getting smaller on the short time flame and this is a sign that bulls are taking over the market. Bitcoin has made a very high significant progress yesterday and that has keep price above $9,000 in the morning today and I believe we are going to resume the uptrend tomorrow.

[royale143]

This is big trap bullish or uptrend for bull team. What do you thinking now?

I am hoping it's a trend. If this would be a trap, then more people would surely feel that this market is ending because it's not showing any more runs and gains. Having said, I think that if the gains would be supported by its users, and it would show a more prolonged level of gain, then I would say that even if it may have started as a trap, it would mature to be a trend. And, there is a possibility to that because anything can happen in this market. Also, it's always better to see some good trends rather than dumps.

[mast3rm1nd]

I think that there is a possibility for both scenarios to be true, we are not out of the waters yet and I would advise anyone to invest carefully. if we keep this momentum for the remainder of the month I think we would on the right step towards a bullish market.

[darkangel11]

For me, it doesn't seem to be any trap at all. All signs and indicators point out to it being some sort of a bull run and the bears seem to not oppose this. Funnily enough, the push sustained even with signs that bitcoin is overbought; people just don't seem to care because they don't want to miss out yet another bull run just in case it goes nuts once more. A few weeks of sustained growth would spell good news to us if it can handle such rise. Until then, enjoy the ride while you can still get cheap coins and rake in some profits.

Don't rule out the bears. They are still there. You can see them doing their thing every time we come closer to a decent resistance, but until know they were failing to stop the push every time. While I'm writing this we are having a second phase of the shakedown, when the other part of the world has woke up and noticed that there's some red on the charts   They are retesting the lows to see how deep they can get this time. IMO not deep enough to cancel the reversal.

[samcrypto]

This is big trap bullish or uptrend for bull team. What do you thinking now?

Well I have to stay on the positive side so for me its really a bullish trend and later on you will realize this thing.
Cryptomarket is now bouncing back and we know the capabilities of this market so I believe on it.

[JL421]

Trap mostly turning into a trend won't take much time but currently the buy volume has reduced over the past 24 hours if you see depth sell orders are more but i see resistance at 6500$ maybe take that as a base point and proceed with your trades

[no0dlepunk]

this current drop that started an hour ago from the peak of this bull run is a trap, a bear trap to be exact. it is more like the last shakeout of the 3 digit space before we go above it and beyond $10k into the 5 digits territory.

I agree. In the past few years, didn't we realize that the market psychology works really that way? It will fall so low and then it will pump for a short time, then dumps again. I have speculated that during the long spans of dip, money makers kept on buying very cheap and they know exactly how to keep it low and shake some weak hands. After gaining bags of bitcoins/tokens, they will eventually pump until they earn a handsome profit... then whoever buys at peak falls into the trap because these money makers will pull the price down again... then repeat the same cycle.

[Andre#]

This is not a trap this seem to be a routine from the bulls every year in the first quarter the price goes down then in the second quarter it goes bullish and reach new all time heights you can base that in the past price charts if you need some proof. And make the choice whether to invest or not.

Hmm, I think this is not a routine because, in the past, the cryptocurrency market has many times did not have bullish trend after the bearish trend ended.
Example 2015, the cryptocurrency market only be quiet in a long time, until 2016, when the Ponzi teams, HYIP started to use cryptocurrency to scamming the investor, the cryptocurrency has come back and became famous as it is today.
2018 is still a year to see the price of cryptocurrency reach the more new highest value, IMO.

[TrollinU]

I think, it`s a new trend. Because this is a new technology, which opens his doors for everyone. There you can find friends, hobbies, knowledge, job, money, entertainment, all in one. Also I think, that it will change the Internet as never before. There are many interesting projects. For example, TraceTo. It`s a startup, which is an decentralized KYC network. I propose, that it will used by cryptocompanies to identify his clients, cause nobody wants have a deal with shady man.

[Mahanton]

This is not a trap this seem to be a routine from the bulls every year in the first quarter the price goes down then in the second quarter it goes bullish and reach new all time heights you can base that in the past price charts if you need some proof. And make the choice whether to invest or not.

Hmm, I think this is not a routine because, in the past, the cryptocurrency market has many times did not have bullish trend after the bearish trend ended.
Example 2015, the cryptocurrency market only be quiet in a long time, until 2016, when the Ponzi teams, HYIP started to use cryptocurrency to scamming the investor, the cryptocurrency has come back and became famous as it is today.
2018 is still a year to see the price of cryptocurrency reach the more new highest value, IMO.

When talking about those ponzi scams in the past, shame to admit but i did really contribute to spread out awarenes on bitcoins existence and other coins in the market .We are still on the development or growing stage which saying up about stopping here isnt really logical at all. Traps and trends would always been into this very volatile market and as long there are investors, there would be always a tug of war.

[darkangel11]

this current drop that started an hour ago from the peak of this bull run is a trap, a bear trap to be exact. it is more like the last shakeout of the 3 digit space before we go above it and beyond $10k into the 5 digits territory.

+1 I just don't see it going to 6k again. We've been defending that spot for so long and it's a confirmed double bottom. What couldn't break for months of a bearish trend is not going to suddenly fall after weeks after a reversal. This is a correction that is just about to end. It will touch 8000 and run out of steam, that's my prediction.

[btyco]

This is big trap bullish or uptrend for bull team. What do you thinking now?

Turns out it is a bull trap! Markets are down again but it can't be this way for long, those sell walls will be breached when FOMO starts to kick in. Real bull runs are fast so getting in at the right time is always going to be a challenge