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Author Topic: ARE WE REALLY SEEING BULL RUN OR TRAP IN BTC MOVE  (Read 405 times)
fabiorem
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September 06, 2018, 12:12:31 PM
 #61

I see it as a very big one as well since a lot of newbies just keep believing this market is ready for a bull run because of this recently or ongoing upward movement.

We really do not have that much volume yet and the market still tends towards the bear angle as the case may be which makes it a lot more like some people are really going to get trapped with the hope that something big or huge would come out of this move. We may not be able to predict any future, but I still see further lows before the end of the year.


We will stay in the bear market as long as we stay below 10k.

Only above 10k we can talk about bull runs.

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September 06, 2018, 11:34:15 PM
 #62

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.
We are just in the swing.If newbies do the same mistake which many new investors did by buying when bitcoin's price was at ATH of 20,000 and now regret.A nd this move now doesn't seem to be a bull run and it's just another fluctuation.

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September 07, 2018, 05:21:53 AM
 #63

We will stay in the bear market as long as we stay below 10k.
Only above 10k we can talk about bull runs.

not necessarily. we may see a bull run after ETF is rejected by SEC this month and see price start shooting up after $7.1k. or we may see a very slow rise up to something like $15k which can take until mid 2019 and then see the big bull run with the fast price rise to the moon.

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September 07, 2018, 09:17:50 AM
 #64

We will stay in the bear market as long as we stay below 10k.

Only above 10k we can talk about bull runs.

What's so important about $10K? It's definitely a major resistance level, but $8,500 seems more significant. Breaking that would mean the first higher high since the crash last year. Without that, there is no uptrend to speak of.

Regardless, I don't see a real "bull run" happening anytime soon. Maybe a nice bull trap past $10K though. Tongue

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September 07, 2018, 10:59:57 AM
 #65

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
Or maybe if the big whales want bitcion to go down because they are the ones who are manipulating the price. I really expect nothing less from them. They control the price and manipulate it to the way they want it to be. Added to that statement, people always need to support bitcoin by buying it because the more you buy people, the faster the price grows. So, it is just a matter of time until the price continue to grow.
Sure, one has to be very careful in a market that is purely manipulated and bull traps can easily be achieved. We have seen cases like this where people were expecting some optimistic growth but the volume towards buying was nothing to write about and then the whales and bears come knocking and putting a quick dump on the market. That is the level of volatility of this market and one of the things with decentralization we just have to accept.

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September 07, 2018, 06:04:49 PM
 #66

We will stay in the bear market as long as we stay below 10k.
Only above 10k we can talk about bull runs.

not necessarily. we may see a bull run after ETF is rejected by SEC this month and see price start shooting up after $7.1k. or we may see a very slow rise up to something like $15k which can take until mid 2019 and then see the big bull run with the fast price rise to the moon.

All these are possibilities that may happen or may not. We've all been caught in bull traps before though i tend to agree that we may be moving slowly upwards but not to the extent of considering a legitimate bull run.

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