Bitcoin "BIG" Green Candle

[$anounimus$]

from the graph that you gave, it shows that the increase in bitcoin prices is easy to happen, pump will be easy to do by whale traders or those who have a lot of capital so I'm sure bitcoin has given a signal that there will be a pump that will happen again in the near future this.

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[gudjhonson]

The increase in large candles occurs, this makes us more optimistic, I do not want to look negatively at this movement. Although many think this is a pump, seeing this development is the beginning of a good month, we will look wisely at all of this.

[michellee]

Well, according with my technical analysis, this is another bull trend. Yesterday, it already broke $5k and today is also a blast for the bitcoin. It bounce up to $5k. If you are going to look at the chart and indicators, it is still going to run bullish. Another green candle is showing.

We can say that this is another bull trend but the truth, we still don't know. Meantime, the green candle still left in the market and still trying to break $5000 again so we could have more chance to see the price will be back to $5000. But it seems, the price is more like sideways right now because the price does not increase or decrease too big, so we need to be careful.

[Dreamchaser21]

The increase in large candles occurs, this makes us more optimistic, I do not want to look negatively at this movement. Although many think this is a pump, seeing this development is the beginning of a good month, we will look wisely at all of this.

It creates positive things but still a higher risk for the new investors. That’s an scary candle because it can always drop but since bitcoin is good i’m sure we cannot notice it. The price should go and stay on $5k level, that can be the next good support level.

[The Cryptovator]

Sudden pump means "BIG" candle isn't very good sign. It might be bull trap. I always like slow growth for bitcoin. Because slow growth always healthy. But due to bull trap investors are returning on bitcoin. In a result, may be price will stable or small correction. I am expecting one more small correction and another run should be $6K or above. Stability is main thing. Previously we have seen very small bull but it was not stable. So its important to stay stable above $4.5K then we can expect another small bull. Most likely bitcoin following it's down trend. Now reversing to uptrend. If it's true then hope soon we will see another run.

[mrdeposit]

This increase continues to continue. I do not know whether this is a bull market, but it is been a long awaited increase. But, I can say that we are closer to the bull market.

[coinplus]

The altcoins had to wait a bit more to react to the market, if you check while bitcoin was going up the altcoins didn't exactly went down, their dollar value didn't lose much and even gained a bit, it was just their bitcoin worth that got down a bit because bitcoin value increased.

Given enough time and bitcoin not falling back all altcoins followed the bitcoin and when the bitcoin price of something gets back to its old price while bitcoin is high just meant all green bars for each coins out there. It is simple economics that happened way too many times before, bitcoin goes up first, altcoins wait, bitcoin either continues going up or stays up and than altcoins go back to their old prices or even higher which means a lot of dollars. It is only not applicable during bitcoing going up but than going back down which didn't happen this time.

[raven7886]

Thank God this actually didn’t happen on the 1st of April and April fool day, many people would have taken it as a joke too and might probably start dumping to quickly take advantage of the price but unfortunately, bitcoin cannot do April fool, so the price we see now is the reality and it I just the beginning of upward trend of BTC and not a bull TRAP, even if it is a bull TRAP, we all need to be wise too not to allow ourselves get caught in it and the only way we can do this is to keep holding our coins and not sell it off, let us frustrate the actions of the whales too if the cause is that but for now, let us believe it is just a normal market condition that is bound to happen yesterday.