Bear trap or bull trap?

[tomahawk9]

This isn't a bull trap or bear trap. IMO we are in the accumulation/boring phase before the next big pump in the price before the ETF news begin to pup-up again and hype increases towards the next SEC announcement about the ETF. Hopefully, momentum will catch up so that we can break the 8.5k barrier.

The small spike in the price from yesterday might've been a whale trying to trigger a weekend btc pump, although the bearish trend surrounding the altcoin market is far from over so this might actually be a bull trap.

Are we going to Saturn or will cryptos reach only the moon?

Moon in the short-term, Saturn in the long-term  

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[Visteryy]

Time will tell.I hope we can still go to Saturn after the Moon.All the news around favorably affect the achievement of this goal.

All need more time and clear strategies. Because that can be an opportunity and also a pitfall for investors. Investors should therefore be careful to avoid bad things. Should consider the situation before the market changes, the main goal is to achieve goals and good results.

[Alpinat]

Are we going to Saturn or will cryptos reach only the moon?

Even though it is a trap or it is a moon we should support bitcoin and we cannot just relay in the idea that the bull is coming we should still use bitcoin for the idea of it and not just the value of it. All in all I've just wanted that people would still believe in bitcoin even if the bull is not coming this year.

[omfg.xekcep]

Unfortunately, cryptocurrencies are continuing slashing. While there are no objective reasons to talk about a bearish or bullish trap because the downtrend is still strong and there were not sufficient attempts to change the downtrend. I think it is reasonable to talk about a bearish or bullish trap in case of indefinite situation.
Let us have a look at ETH which is currently about 300$. ETH is in the downtrend now so let us suppose that it may being formed a bearish trap around the current price level. Is is possible? I do not think so because bears are mostly professionals and they do not have reasons to form a bearish trap because retail investors almost do not open short positions. Well, lets us suppose that it may being formed a bullish trap and it is much more likely but I do not think so because there were not strong boughts recently which might involve enough new investors to catch them in a trap. So, I consider that in the current market situation there are no reasons to think or to talk about traps.

[iamwagner]

I feel we need more time to let all this hype and media buzz over the ETF die down.  We need to realize this is  along race and there is no need to rush into anything.  I think we are going to have a bumpy 2018 but a wild ride in 2019-2020.

[pixie85]

Unfortunately, cryptocurrencies are continuing slashing. While there are no objective reasons to talk about a bearish or bullish trap because the downtrend is still strong and there were not sufficient attempts to change the downtrend. I think it is reasonable to talk about a bearish or bullish trap in case of indefinite situation.
Let us have a look at ETH which is currently about 300$. ETH is in the downtrend now so let us suppose that it may being formed a bearish trap around the current price level. Is is possible? I do not think so because bears are mostly professionals and they do not have reasons to form a bearish trap because retail investors almost do not open short positions. Well, lets us suppose that it may being formed a bullish trap and it is much more likely but I do not think so because there were not strong boughts recently which might involve enough new investors to catch them in a trap. So, I consider that in the current market situation there are no reasons to think or to talk about traps.

Not all coins are losing value. There's a huge increase in Bitcoin dominance while altcoins are losing a lot of value, mainly the former big players like ETH and XRP. I think that the price of Bitcoin is largely manipulated right now but at the same time many people have a much greater confidence in it than they have in other coins. They know that Bitcoin will initiate the next bull run and be the first to go into green.

[Biscutard]

Are we going to Saturn or will cryptos reach only the moon?

Patience is the key for what you have been waiting for in a long time. Bitcoin will reach that planet and even stars with a million miles away but it will going to happen someday and not yet today. As of today bitcoin will have to reach the moon since it hasn't have a power yet to boost through to the moon. So, i would say that this month is a bear season.

[ovbokhan]

market manipulation is something we will continue to see, the weekend crash was purely the activity of 'friends' of big institutions making sure bitcoins are sunk in bears so that they maximize their profit when eventually the bitcoin ETF kicks off.

[Vaskiy]

The market has opted users the choice of accumulating as much possible, as the price of each and every digital currency has fallen low and some has gone beyond limits which could've never been a expected thing. Overcoming the panic waves will lead to massive growth profiting long term.

[Frances_McGlothlin]

This isn't a bull trap or bear trap. IMO we are in the accumulation/boring phase before the next big pump in the price before the ETF news begin to pup-up again and hype increases towards the next SEC announcement about the ETF. Hopefully, momentum will catch up so that we can break the 8.5k barrier.

The small spike in the price from yesterday might've been a whale trying to trigger a weekend btc pump, although the bearish trend surrounding the altcoin market is far from over so this might actually be a bull trap.

Are we going to Saturn or will cryptos reach only the moon?

Moon in the short-term, Saturn in the long-term  

Yeah you're right, it's a noob trap. It's for all of those impatient investors who are trying to turn their savings account into a Ferrari and are getting disappointed because it's not happening as quickly as it did last time. Well guys, any reasonable investment takes a long time to reach acceptable levels of profitability, so let's just hold on tight and be patient. There doesn't necessarily need to be anything exciting happening this month, or even this year, to mean that Bitcoin is finished. It will find its way back up in due time, and hopefully get enough momentum to get past 8.5 so we can see continuing gains.

[rickadone]

Are we going to Saturn or will cryptos reach only the moon?

Right now the market is not so bearish and not bullish as well. We had this rising trend in the market few weeks ago and the price had risen up to more than $8000. It was thought as the start of the boom but it the prices dropped again. The fall is considered a momentary one and that the market will again take the pace to recover and improve. As soon as we get close to December, we will start witnessing a rise in the whole market.

The market has opted users the choice of accumulating as much possible, as the price of each and every digital currency has fallen low and some has gone beyond limits which could've never been a expected thing.

When more people are into buying at dips, I guess we would not have experienced the low below $6000 levels. I am expecting the bear trap as market remains calm and high volume which may lead to another bounce back toward $7000 levels and then to previous short term high levels of $8200 also possible if sustaining at current levels persist.

[anntlevel]

Time will tell.I hope we can still go to Saturn after the Moon.All the news around favorably affect the achievement of this goal.

Bitcoin can achieve and reach at any highest possible place as we have seen its potential and strength especially in 2017. Experts and analysts are taking it more precious this time as they say that it can reach higher than 30k US dollar price. We are also waiting for that moment as we have collected some coins and those who have larger in quantity will enjoy it the most.

[renes]

I think it is not bull trap because it failed because of etf news. But if etf would be acceppted there would still be such crash after some time.

[Ridwan Fauzi]

Are we going to Saturn or will cryptos reach only the moon?

Should the cryptocurrency going to there?

Too much has happened in this year that came to cryptocurrency. So that, I don't have more expectation for cryptocurrency going to the moon or cryptocurrency going to saturn. Just focus on today and get used to collecting as much bitcoin or altcoin as I can. And I never sell them whatever happens, either it has a drastic decline but I have another considerations when the price of bitcoin has increased dramatically and so I will sold half that I have. If that's all I do, I won't have any anxiety about price movements.

[cahbagus555]

Are we going to Saturn or will cryptos reach only the moon?

Its hard to make prediction in market condition right now. If we believe that investing our money in crypto is profitable, better we keep it patient and hold it as long we can. I am believe cryptocurrency will be big market and profitable investment

[Lorence.xD]

I think that it is more important to hold btc not because of the profits from trading for fiat, but because of being in favor of the self-regulating market and believing that cryptos are the future of money itself.

The mass doesn't give a damn about self regulating markets or decentralization, neither do they believe crypto is the future of money. In other words, there is nothing other than speculation giving them the incentive to be here. Seriously, the entire crypto market has been flooded with idiots after Ether's money printing machine kept spitting out rubbish tokens.

Before Ether's ICO rise there were plenty of noobs as well, but in no shape or form do these noobs come close to how stupid the >2017 token noobs are.

Market is unpredictable...a lot of issues confronting the crypto market, the issues on Banned and the most critical concerns is the government Regulation on crypto digital transaction, this issue affect the  market value of crypto coins.. it may goes up and goes down dependent on the Volume of investment madte by the investors in the crypto market.

[paparexon0414]

No one is going anywhere. This is a sad reality that everyone need to face. This is really hard to imagine as of now. Everytime i see the exchanges with all the red markings, this makes me dizzy. I always see this tagline "hold" "hodl", "going to the moon", but is this really matters now? I am not sure if its worth holding some tokens and bitcoin. Im really lossing bigtime right now. Why those who have so many still keep on manipulating the smaller and the less, is this is their way to gain? Not so fair.

[shawn995]

Indeed, I concur that the fixation on cash benefits is moderating the development as it were. It looks the inverse at first, really, in light of the fact that when more individuals trust the costs will build, the more individuals put resources into btc, in this way truly making the costs go up. Be that as it may, as benefit is the principle intention to get a few coins, when some minor awful things happen, these individuals are not willing to chance their 'genuine' cash, so they pull the assets back, smashing the cost for no sane reason, similar to we see now. I surmise that it is more vital to hold btc not on account of the benefits from exchanging for fiat, but since of being supportive of the automatic market and trusting that cryptos are simply the fate of cash.

[Gururapyco]

We will have to wait some time for the next bull market. I think buying BTC on that $6.000 level is a way to go.

[justspare]

Are we going to Saturn or will cryptos reach only the moon?

I think we are looking at a bull future. It is quite obvious that prices always go down a bit before going up. It never goes straight up and up, it draws back a little and shoots high. For that to happen we need to get the losses and drops in order to get the highs. Like Warren Buffet says, be courages when others are afraid and be afraid when others are courages. You need to just be patient and wait for the bull which is around the corner. If you sell or lose your patience in bad markets, you will never stay alive until the bull market days.

I think it is not bull trap because it failed because of etf news. But if etf would be acceppted there would still be such crash after some time.

How a crash will be possible if bitcoin etf will get approved ? I believe, if etf will be approved then bitcoin will have values around $25k in one week of trading and there will not be any possibility for crashes till $60k levels. Yes, the funds from the institutions and hedging houses may enable bitcoin to touch the moon.