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Author Topic: ARE WE REALLY SEEING BULL RUN OR TRAP IN BTC MOVE  (Read 409 times)
Msworld83
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August 26, 2018, 11:50:31 AM
 #1

Bitcoin since touched $5800-6000 area has not really clear to many if we are in bull market or it just a mere run to make noobs or newbies FOMO, and looking at it TA which shows it has not been on same lane even with FA but many says it's manipulation and crossing $5800 area below has been a major support but many think it should break it, so am wondering if we are getting close to bull market or we are just in swing market for now.

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August 26, 2018, 11:59:27 AM
 #2

your comment is pretty weird! the $5900-$6000 was touched a long time ago and it was test of the bottom buy support strength. and we have been at least $300 above that mark for the past weeks.
as for the rise I don't know where you got "crossing $5800 area" from and what you mean by that! but the rise is just a small rise (<5%) which is slowly increasing towards $7k. there is no bull run, there isnt even enough rise to trigger any sort of FOMO!

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August 26, 2018, 12:04:30 PM
 #3

I think we are getting close to bull market, this just a first stage. Look in the Bitcoin price I think its can't break down $6000, we have to wait a big money flow.
However, I have a thought that the Crypto market should clean up coins and tokens which have no value and have a official exchange to concentrate capital, if can do it, the Crypto price will be go up soon.
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August 26, 2018, 12:12:15 PM
 #4

Bitcoin since touched $5800-6000 area has not really clear to many if we are in bull market or it just a mere run to make noobs or newbies FOMO, and looking at it TA which shows it has not been on same lane even with FA but many says it's manipulation and crossing $5800 area below has been a major support but many think it should break it, so am wondering if we are getting close to bull market or we are just in swing market for now.

I'm not sure which price charts you have been seeing, but bitcoins had touched a low of 5500 a while back and post that it has maintained itself above 6k. At 6k it has formed a resistance level and has found decent support, the past few days price has remained above 6.3k which is a positive indicator. I don't think this price hike will trigger any kind of fomo, we're no where close to a bull market there're positive indicators, but we're yet to witness any signs of a bullet run.

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August 26, 2018, 01:15:07 PM
 #5

Most likely swing.  Money is moving into alts for almost a week.  E.g. Nano has almost 3x. Many other alts have gone up >30%.  I am not how far this will go.  But whatever happens, I will continue to hold.

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August 26, 2018, 01:22:08 PM
 #6

I think the market will soon approach the bull after the SEC's decision has positive results but if the decision has a negative effect, maybe the bitcoin market will remain swinging even it could go down again, so we just wait until September or October for good or bad news



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August 26, 2018, 01:35:01 PM
 #7

I am seeing a bear market in the current situation and perhaps could be the best time to buy more cryptos at lower value. I also do not see it as a trap where I think this bear market is purely undergoing major adjustments and may actually going for a bullish market soon.

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August 27, 2018, 01:52:10 AM
 #8

your comment is pretty weird! the $5900-$6000 was touched a long time ago and it was test of the bottom buy support strength. and we have been at least $300 above that mark for the past weeks.
as for the rise I don't know where you got "crossing $5800 area" from and what you mean by that! but the rise is just a small rise (<5%) which is slowly increasing towards $7k. there is no bull run, there isnt even enough rise to trigger any sort of FOMO!
Can you tell me how many times since ATH Bitcoin has tried to break 5800-6000 area and my crossing was that "many" taught it will go below it but never did and some still thinking it will was what am trying to say, please read the statement very well and try to understand because touching 5800 area many times with the way it going up shows it suppose break it, was what I meant and that many are expecting it to break the 5800 zone but the way it's going up now might makes many FOMO because their expectations was to go below 5800 and now that it is moving up gradually, are we not breaking it or we are in upward was my questions and trying to get answers from people or we are still going to taste the 5800 area again , thank you and I think you can understand me now.

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August 27, 2018, 01:56:49 AM
 #9

Doesn't seem like a trap to me, no huge spikes, slow and steady growth, bull traps are all spikes and rumors of growth and institutional buyers coming in.














 

 

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August 27, 2018, 02:03:04 AM
 #10

Doesn't seem like a trap to me, no huge spikes, slow and steady growth, bull traps are all spikes and rumors of growth and institutional buyers coming in.

Yes and the amount of volume are getting a lot so maybe this is the start. The altcoins tat I have hold for a long time has returned to its previous price and so I guess it returned to its calmness and the tokens being bought since the time where the bulls were dominate and now being sold to their rightful holders. Buying bits by bits this time but it would be safer to do it at every dip.



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August 27, 2018, 02:29:07 AM
 #11

in my opinion we are still playing with fake prices, swings will still run this year, and this is a long rally. bitcoin is still looking for the right value.

bulls are still far away, panic never ends and bitcoin still has big problems.

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August 27, 2018, 06:44:51 AM
 #12

I don't see any indication that bitcoin will go into the bull run.
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August 27, 2018, 07:55:00 AM
 #13

I see little indication of any major movement. I think we will see more months of stability and fluctuations around the current price level. By year end we might see the price start to recover slowly but we will not be looking towards previous ATHs for a long time. I do think that the bottom was found given it's been tested multiple times. It would take some major issue for that support level to fold now.

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August 27, 2018, 08:05:04 AM
 #14

just like last time or the last time or the time before that, just because there is a small rise it doesn't mean we are starting a bull run. ALSO just because there is some drops that are small doesn't mean bitcoin is going to end or be dumped to a lot less value.
these are just fluctuations that we have. and they are normal and don't have to mean much. breaking a major resistance or at least having a rising sentiment in the market can signal a bull run not a small rise which is below the resistance.

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August 27, 2018, 08:08:07 AM
 #15

Can you tell me how many times since ATH Bitcoin has tried to break 5800-6000 area and my crossing was that "many" taught it will go below it but never did and some still thinking it will was what am trying to say, please read the statement very well and try to understand because touching 5800 area many times with the way it going up shows it suppose break it, was what I meant and that many are expecting it to break the 5800 zone but the way it's going up now might makes many FOMO because their expectations was to go below 5800 and now that it is moving up gradually, are we not breaking it or we are in upward was my questions and trying to get answers from people or we are still going to taste the 5800 area again , thank you and I think you can understand me now.

Whatever you say, 5800 is off chart. The fact it was touched for short periods in the past doesn't make it a value for which you could set a rule. It was not that "many times".

Bitcoin was quite volatile indeed, but many voices tell that 6000 was the bottom and anything under that value is an unexpected opportunity to buy. Of course, 6700 is not far from that and of course it's too early to be happy with the price. But Bitcoin doesn't grow fast these days, so bull trap and FOMO are again quite strange to think about.

For now imho it's a swing market, waiting for the news. Anything bad can turn it bearish, but I don't think it can go much lower. Anything good (like ETF approval) can turn it bullish.
It worth mentioning that people's expectation is also that winter has a big chance to make prices grow again.

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painkiller321
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August 28, 2018, 08:52:47 PM
 #16

Actually in the market, we are not seeing the Bull Run now. The market is trying to be in that stage slowly. Moreover we can see the rise in the price of the bitcoin in future as the demand of this coin is increasing and the price of the bitcoin is increasing slowly day by day.
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August 28, 2018, 08:58:28 PM
 #17

In my opinion, the differentiation isn't clear, so I'm not certain enough that this is a BTC move. As such, my inclination is that the market has  tried to stabilize above 6K and now is trying to sustain itself closer to its real value, thus I believe that this is a Bull Run.

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August 28, 2018, 09:01:55 PM
 #18

Not sure what is happening now. The price of bitcoin has gone up by almost 5%. Other alts coins (which usually starts to fall as bitcoin rises) ended up following the same trend and went up in price along with bitcoin. We can see something positive over here. Lets just wait for a week for we end up taking any kind of decision to see where this leads us to.


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August 28, 2018, 09:21:23 PM
 #19

Form the starting of this year, the market is facing downward trend. We have seen some increase in the price of the bitcoin but also very much volatile. The market is still in downward trend but it is expected that the price of bitcoin will increase slowly day by day.
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August 28, 2018, 10:12:00 PM
 #20

The market is still bearish unfortunately. But the market is reaching for the bull run, slowly but steadily. Also on a brighter note, we are seeing stability in the price level of BTC.
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