Bitcoin "BIG" Green Candle

[samcrypto]

A big green candle today that surprised everyone, now we are able to break the resistance.
The question now, is this a bull trap? or the start of a new big uptrend?

While everyone is busy having fun with the April fools bitcoin are also busy doing this thing. Now we welcome the 2nd quarter with a great price!
I hope it will continue, though don't make too much expectation but I'm happy to see a big candle like this.

[Pursuer]

this is exactly what I have been talking about for the past month. people kept focusing on $4000 but that price had no significance. the important prices were $4200 and partly $4100 and as $4200 was broken a big ass breakout happened and how it is partly due to FOMO but on a very small scale. if this keeps up for the following hours then we can easily see a gigantic FOMO which can easily bring the price back to real levels at $6000 and above.

[Dr.Lecter]

i'm curious about the reasons make this huge pump! maybe from bakkt or SEC?

[alisafidel58]

I also taught that the price pump was just for April fools but seeing the chart make me wonder too. I don't know if this is a bull trap or what but it's good to take advantage of this and make a profit somehow.

If the price hits $5,000 in just a few more hours then I think it is safe to say that it is a bull trap.

[mk4]

Now, big green candles are definitely a very good sight. But what actually matters if we can actually hold at this price range. I doubt it, but as long as we won't go back down below $4000 then I'm fine with it. This price increase looks nothing close to being organic at all.

Hoping for the best though. 🤞

[Pursuer]

Now, big green candles are definitely a very good sight. But what actually matters if we can actually hold at this price range. I doubt it, but as long as we won't go back down below $4000 then I'm fine with it. This price increase looks nothing close to being organic at all.

Hoping for the best though. 🤞

it is impossible to predict it at this point though. because it depends on multiple factors that can determine the result. for example as I said above if it keeps up we can see $6k and by then price won't come back down ever again. but another scenario which is more likely is to stay behind the $5k resistance in which case holding the current level depends on how much the day traders are going to panic and how much FOMO is going against their panic.

one thing is clear though, the rising days have started.

[Apes]

I was surprised to. today that BTC was able to get past the barrier. is this the beginning of a bull run. looking at this chart is very interesting because the market has been frozen recent months. not only does BTC get a drastic increase in some other altcoins are following the effect. if you think this is a bull trap I disagree. take a look at chart statistics it seems the price will drop but it will be corrected again.

[Sharon121212]

I hope this is still not post April Fool day humour.
The market surge is not easy to comprehend I am still yet to know what factors could affect the price massively in such a short time.
But from a cryptocurrency lover it's a very good news we hope continues

[Xenrise]

Bitcoin goes up and alts falls down. Is this kind of a bullish trend for the cryptocurrency market? Whenever bitcoin is bullish alts are always going down. I think, I'll observe for a little right now. I'm thinking that this could be a trap. And also hoping that this thing is not an April Fools joke. 

[mk4]

*snip*

Yeap. I hope you're right. One thing's for sure, I sure just hope this isn't one big fat fakeout and that the graphs hopefully stays upward for a while. A candle this huge feels nostalgic as hell, I feel like were back in mid 2017. Haven't had this feeling for a while

Still personally debating if I should temporarily sell a small amount or just wait this out.

[lyks15]

While all of us are busy talking and enjoying the april fools bitcoin price is rising. I think all of missed the chance to earn big. We missed that opportunity. I hope this will be the start of bitcoin rise again. I think it is not a bull trap and it is a start of a new big uptrend because all we know that bitcoin is expanding their use and tie ups company.

[NeuroticFish]

i'm curious about the reasons make this huge pump! maybe from bakkt or SEC?

Somebody has posted about it before the week-end, simply based on technical analysis.
The idea was that if the price doesn't fall under a certain value until Monday, then we'll see a rally.
And I am sure that others reading those graphs could have reached the same conclusion.
However, the growth is much faster than anticipated, and we have a fall now, so imho day-trading right now is closer to lottery.

[jakelyson]

I am trying to find some reasons why the sudden surge in price and I can't find one. Then I thought this is crypto and maybe this is another fabricated price surge. This is a good chance to get some cash out and wait for the price to fall back to the previous support level.

[DoublerHunter]

Bitcoin price now shows a big candle spike price in the market and hopefully, it will continue to grow up within this month of April. Or is this a continuation of April fools. Lol, As I remember last month it has a candle price spike but after the spike, it goes down and here it is now showing again with the same movement.

[bett]

https://i.imgur.com/S1T36T8.png

A big green candle today that surprised everyone, now we are able to break the resistance.
The question now, is this a bull trap? or the start of a new big uptrend?

While everyone is busy having fun with the April fools bitcoin are also busy doing this thing. Now we welcome the 2nd quarter with a great price!
I hope it will continue, though don't make too much expectation but I'm happy to see a big candle like this.

Hope, it will continue growth, it is not 1st April joke

[Zadicar]

While all of us are busy talking and enjoying the april fools bitcoin price is rising. I think all of missed the chance to earn big. We missed that opportunity. I hope this will be the start of bitcoin rise again. I think it is not a bull trap and it is a start of a new big uptrend because all we know that bitcoin is expanding their use and tie ups company.

There is something that pushes the price up that creates a new rally while yesterday we have been fooling around due to the April fools and yet the market is not fooling around. What a coincidence that Bitcoin starts to make a bull market, i hope everyone won't push it down again with FOMO.

[Pursuer]

Still personally debating if I should temporarily sell a small amount or just wait this out.

you should sell but only if you are a day trader. otherwise don't cause yourself unnecessary stress.
this rise like any other rise which is fast, will need a correction. the trick is knowing where the climax is and also to know where the bottom of that correction is going to be.
I personally don't bother with this types of "profit", but it could be selling around $4800-$4900 (if we get there!) and buying back around $4300 of course these numbers strongly depends on how the following hours are going to work out. and they can change.

[stfN2128]

Check this out, maybe its the reason for the pump. Lets see, it's nice to see market reacting on good news about etf. market hasnt reacted on news about postponed etf lately. imo its a good sign.

https://www.financemagnates.com/cryptocurrency/news/sec-drops-the-bomb-approves-bitcoin-etfs-markets-skyrocket/

[Herbert2020]

please note that you are looking at the bitcoin versus Tether price in an altcoin exchange market (poloniex) which you should never do because price that really matters is the price on bitcoin exchange markets where trades are happening in USD (dollar) not versus altcoins. although in 98% of the times it doesn't make any difference but you still should never use that as a reference.

[antisocial77]

My pshycology depends on market for a while.im looking at prices first on mornings, if its green, i feel great even i dont have any order.today, i feel magnificient