Bull or bull trap

[seleme]

IMHO bull run has not started yet and current pumps are just show off by the crypto traders. A bull trap is originated to combine the traders with an idea of uptrend bias. Prices are not stable so it is not the right time to go all in by the risk lovers.

[justspare]

Major decline has happened today, bitcoin is down over 10% already and I hope this is not a result of the bull trap.

7 days low is $6280 and high was $8300, so this could just be a correction since we got good increase for the past 7 days.
Bitcoin today down below $7000 but I'm glad it's back to over $7K now.

Hopefully the dumpers are done, let's see from here if there will be a bounce back uptrend.

Usually a higher dip is been experienced before the graph sky reaches. It is something which was been expected by a lot of peoples including me and I individually bought some more coins at the dip so it does not really matter me know. The price is surely going to reach moon and so I will hold in any market conditions.

The dumpers tried their best but could not make the price for bitcoins reach bottom so now let's see how high the price for bitcoins would be taken by the big whales. Huge bounce can be expected as if the price reaches a good dip, the big whales fill in their pockets which is a good sign for all of us as it would take the price for bitcoins to the moon.

[Botnake]

Major decline has happened today, bitcoin is down over 10% already and I hope this is not a result of the bull trap.

7 days low is $6280 and high was $8300, so this could just be a correction since we got good increase for the past 7 days.
Bitcoin today down below $7000 but I'm glad it's back to over $7K now.

Hopefully the dumpers are done, let's see from here if there will be a bounce back uptrend.

Usually a higher dip is been experienced before the graph sky reaches. It is something which was been expected by a lot of peoples including me and I individually bought some more coins at the dip so it does not really matter me know. The price is surely going to reach moon and so I will hold in any market conditions.

The dumpers tried their best but could not make the price for bitcoins reach bottom so now let's see how high the price for bitcoins would be taken by the big whales. Huge bounce can be expected as if the price reaches a good dip, the big whales fill in their pockets which is a good sign for all of us as it would take the price for bitcoins to the moon.

There is a bounce today, bitcoin is up 7% as we speak. https://coinmarketcap.com/currencies/bitcoin/
And, we are close to $8K, so I don't think we will not breach this price again and once we breach this, price action that is uptrend might continue.
We have 11 days to complete this month, I highly believe it's possible to reach at laest $9,000 since $10,000 is not likely to happen.

[Yaunfitda]

Major decline has happened today, bitcoin is down over 10% already and I hope this is not a result of the bull trap.

7 days low is $6280 and high was $8300, so this could just be a correction since we got good increase for the past 7 days.
Bitcoin today down below $7000 but I'm glad it's back to over $7K now.

Hopefully the dumpers are done, let's see from here if there will be a bounce back uptrend.

Usually a higher dip is been experienced before the graph sky reaches. It is something which was been expected by a lot of peoples including me and I individually bought some more coins at the dip so it does not really matter me know. The price is surely going to reach moon and so I will hold in any market conditions.

The dumpers tried their best but could not make the price for bitcoins reach bottom so now let's see how high the price for bitcoins would be taken by the big whales. Huge bounce can be expected as if the price reaches a good dip, the big whales fill in their pockets which is a good sign for all of us as it would take the price for bitcoins to the moon.

There is a bounce today, bitcoin is up 7% as we speak. https://coinmarketcap.com/currencies/bitcoin/
And, we are close to $8K, so I don't think we will not breach this price again and once we breach this, price action that is uptrend might continue.
We have 11 days to complete this month, I highly believe it's possible to reach at laest $9,000 since $10,000 is not likely to happen.

Correct, was surprised to see the price goes on a spike. Last time I checked before I go to bed the price is just around $7300 and then when I woke up, it's $7700 and now $7900. I think we will have this run up to $8400 again before making another healthy correction.

So let's see how it goes, I'm sure everyone is happy waking up to see the price climbing back to $8 once more.

[virasog]

I think it's a pretty tough choice right now. It is unclear how bitcoin will behave further. As far as I know, the market always goes against the crowd, so if you see everyone saying that bitcoin will grow, it means that it is likely to fall. And vice versa. Of course, this is not a reliable sign, but still there is some truth in this.

I think currently the market is not in a bull trap phase, it is rather an accumulation phase. We are slowly heading towards the bull phase. We may see some corrections on this way, but if anyone is really wanted to invest in bitcoin, then he should buy something on every correction and in the end he would have accumulated  a good amount of bitcoin.

[TopT3ns]

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

If you already profit, cash out is good to do. Especially if you losses a lot when price really make a lot of people suffer. But if me i keep hold because i think this is really bull run and not only bull trap.

[Malsetid]

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

If you already profit, cash out is good to do. Especially if you losses a lot when price really make a lot of people suffer. But if me i keep hold because i think this is really bull run and not only bull trap.

Right. The fact that this run is sustained this long and the correction of roughly 1k the other day didn't drag the market down, i don't think this is any trap anymore. If it is then there should have been massive selloffs instead of the price recovering quickly back to 8k. If you're in profit then go ahead, it's always ok to cash out when you're in profit. But i think we're just at the start of good year.

[millgates]

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

This time for cash in, don't be afraid to buy bitcoin now because this bitcoin will reach the higher price level before crash again. No bull trap, the market normaly go up and down, but one thing that you have to keep in mind is the price of bitcoin is still tend to rise although the volatility is very extreeme.

[Reatim]

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

You must be ready as always to risk because the cryptocurrency are volatile and unpredictable,but I am sure that we are at bull run now since we had marked a more than 100% growth from the 3,000$ level now we are at $8,000 so basically this can prove the bear has already gone

But it is your call on how to manage  your money,if you are not convince about the bull then better to step off and never invest in this market because this is not a right place for coward and not trusting the currency he might consider to purchase

[pey]

No one can tell, but I can definitely tell that it will be no time you should be all in or out, there is always theoretically some points you should be all in for sure but in practice making such decision not different than gambling.

[dark08]

We are in cryptoworld everything can be change since Bitcoin is unpredictable it can be pump or dump anytime, bull or bull trap.
If you ask me what my analysis to Bitcoin well I will answering you thatwe already in Bull run just take a look on the market from $4k it pump to $5k then it touch the $8k level, if you want to invest then invest now no need to be doubt.

[TopT3ns]

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

If you already profit, cash out is good to do. Especially if you losses a lot when price really make a lot of people suffer. But if me i keep hold because i think this is really bull run and not only bull trap.

Right. The fact that this run is sustained this long and the correction of roughly 1k the other day didn't drag the market down, i don't think this is any trap anymore. If it is then there should have been massive selloffs instead of the price recovering quickly back to 8k. If you're in profit then go ahead, it's always ok to cash out when you're in profit. But i think we're just at the start of good year.

Or maybe take profit and then split our profit again to buy some. I mean capital need to take first, then split profit into 2 and then use 1/2 to buy coins. Maybe with that our capital can be safe, and we still can feel some profit.

[peter0425]

We have seen this kind of movement before, so I don't know what people are still surprised with these kind of movement. There will be always some traps along the way. And it's really up to us how we are going to adjust if such predicament is presented to us. If you aren not comfortable about the recent changes then, get out and book profits so that you won't fall for the trap.

[pixie85]

I don't care about traps I play to have long term profits and don't care about pullbacks that last a few weeks or a month. They don't matter in the big picture.
I took my first profits this year at 6000 and I don't regret it. I didn't earn as much as I could but it was enough especially after months of waiting.

Don't regret if it goes down and you buy. We are in a bull market you won't be a bag holder this year.

[Oceat]

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

If you already profit, cash out is good to do. Especially if you losses a lot when price really make a lot of people suffer. But if me i keep hold because i think this is really bull run and not only bull trap.

I think it is better to just hold it until the real bull run start or OP could just sell some then buyback again if the price goes down. By doing this he might have gained some profit from his previous trading. And also OP please look at the chart always on how the market flow so that you can't carelessly sell your coins in lower prices.

[hyunee]

There's no confirmation that this pump is a bull. But I'm certain to take profit of this pump. I had good profits on this, somehow got $300 from this. If this will continue, I think we can consider it as a bull run. But, having these kind of pump since April, I think this is a sign of a bull market.

[stfN2128]

i wouldn't call out a bull market at the current state. But things have changed and the bear market seems to be going to an end. There is still a possibility of a "bear market rally", and later price will go down under 2800$. But i'm really confident after the latest news and adoption on every corner that we have seen the bottom for this cycle.

[proTECH77]

I am more inclined to believe that bitcoin will still fall down before it grows. Of course you don't have to believe me, it's just my humble opinion. But I think we need to wait a little longer.

The waiting has just turn positive as the price of Bitcoin has started growing again. The nature of the sudden dropped caused many investors and holders to panic, but seeing the rising again has made hope rise for another "All Time High". At this time, i will predict above $11,000 before another drop, just my little cent.

[hulla]

It really early to call the current market a bullish or bull trap market since you're still in the middle if confirming if the market was totally bull run and it early to decide the bear is over cause the whales can manipulate the market just like it happened before Friday of last week by if the surge continue for a month then we can decide that we're experiencing the bull market.

[kotajikikox]

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

I will understand your feeling last weekend bitcoin goes drops quickly at almost 10% as human difficult to control emotion speciall if the experience and suffer loses during the bear market.