Bull or bull trap

[TheUltraElite]

Maybe if OP take action when he make this thread, he can feel the profit because price increased little by little until now. But if late maybe it is worth to try small amount of money to invest in BTC and it is better than miss a moment.

At this point bitcoin is surging up beyond 10k USD. This wont be a good time to buy but a good time to sell before it crashes. I hope the OP got an idea of how to manage his money in such situations.

Yeah that is the problem with many people. A business minded would prefer to go for investment when the market value is low. This is because it is not confirmed how high would the price of crypto go up in future and it might not go up very high. So it is very important to have a low cost of investment. You would never see the earliest investors complaining about the price because their initial price was less than dollars.

You have to think in terms of the newer investors as well. They are all trying to budge in fighting for a reduced price in the exchanges looking out for brokers. They are doing this because they see a future speculation being positive about bitcoin. They accept the risk and so they invest. You may not always get a low cost for investing but patience is the key here.

[1715466253]

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[TheUltraElite]

I think we are good at using opportunities. when the price is high, of course don't do buying, especially when the market is priced at $ 20k, we see to the left of the candle there is no other candle

Not everyone is good at opportunities. We have people who cloud our minds with wrong thoughts. This is more likely to happen if you are ignorant of the basics and dont have a proper grip of the market psychology. Sometimes people need to go back to their fundamentals and analyse the market even though technicals only tend to be 50% of the real outcome.

Trends are not that easy to detect once set but having the money at hand to go in for the big deal is tough. Traders will often find themselves broke and with nothing at hand because of the lost opportunity and that is often a dreadful thing.

[TheUltraElite]

if our choice of bitcoin I think do an investment before experiencing price increases. because this bull run effect will be very long and not just an euphoric bull trap for bitcoin class coins.

It seems that this run is sustaining for some time now. I can see still see bitcoin hovering above 11.8 k USD mark and not willing to come back or down. However there has been both bullish and bearish impulses coming to try to move it from this position. I guess there will be a uptrend soon because other bears would get emboldened and the market will crash. Bitcoin was overbought a few days back and this subsided by this stagnancy.

Currently people should hold and place buying orders at lower prices.

[atjiat]

I hope that the scaling of the cryptocurrency market should be resolved this year, as well as a significant reduction in transaction prices is possible. I want all cryptocurrencies and this should in any case positively affect cryptocurrency prices.  Because if you take into account that in 2018, many miners turned off their equipment due to the fact that the prices for transactions were too high and it was unprofitable to engage in their activities.

[Racc00n]

well, at this point of time we are seeing some serious bearish signs
again, it depends from your perspective. short-/midterm it's likely will be a correction
longterm - bullish af 

[Baofeng]

well, at this point of time we are seeing some serious bearish signs
again, it depends from your perspective. short-/midterm it's likely will be a correction
longterm - bullish af 

At least provide us some graph to back up your claim that we are in a "serious" bearish sign. Are you saying this just because the POTUS tweet his anti-bitcoin stance? lol. The price is way above $10k, and as for the price fluctuations, it is normal to see that kind of pattern in a bullish sentiments. But I would have to agree that it depends on us and may be very different for other individuals whether they are here for the long haul or short/midterm only.

[jonaire99]

The price of bitcoin remained above $10k and still bullish if you look into its month time frame. Bulltrap is false signal where a convincing rally reverses and breaks a strong support. It will surely followed by a correction but the drop will not be deep and boynce back again later. Try to study the chart and some technical analysis, it will help you in identifying the different trends in the market.

[Natalim]

The price of bitcoin remained above $10k and still bullish if you look into its month time frame.

We should look on months to see the whole picture, because we will just judge based on its one week performance, that would result to unrealistic judgment and we might think that it's a bull run since in the past few days there's a significant dump and just today, BTC dumped 10% more.

[BitcoinTurk]

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

It is difficult to say that the last ascension period is literally a bull period, but it may be unreasonable to compare the bull trap for this uptrend. In particular, we understand that crypto currencies other than Bitcoin have lost considerable value and that Bitcoin has gained significant market power. But there is a case that this upward trend is not a trap, but a big fluctuation. I mean, I don't think it's too early to say the trap, nor to say that the bull era has begun.

[peter0425]

The price of bitcoin remained above $10k and still bullish if you look into its month time frame.

We should look on months to see the whole picture, because we will just judge based on its one week performance, that would result to unrealistic judgment and we might think that it's a bull run since in the past few days there's a significant dump and just today, BTC dumped 10% more.

Interesting to see a dip today, never thought that the price could go below $10k, but hey everything is possible in crypto market. But I think this is just a healthy correction and I'm still under the impression that we are still in the bullish sentiments, this is just another bump in the road.

[Botnake]

The price of bitcoin remained above $10k and still bullish if you look into its month time frame.

We should look on months to see the whole picture, because we will just judge based on its one week performance, that would result to unrealistic judgment and we might think that it's a bull run since in the past few days there's a significant dump and just today, BTC dumped 10% more.

Interesting to see a dip today, never thought that the price could go below $10k, but hey everything is possible in crypto market. But I think this is just a healthy correction and I'm still under the impression that we are still in the bullish sentiments, this is just another bump in the road.

We are optimistic, so we will just think it's a healthy correction and price will soon recover and will stay at over $10,000.
The last few months in the market is bullish, so we got used to it and we don't see this one coming, but it happened and we have no choice but to accept it.

[akram143]

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

the values are simply getting better so that it will seems like the Bull run only and I hope that development is continuously happening then lots of improvement and changes will made to achieve the value that we are expected and the profit is also available for everyone so I think it is the run only.

[stadus]

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

the values are simply getting better so that it will seems like the Bull run only and I hope that development is continuously happening then lots of improvement and changes will made to achieve the value that we are expected and the profit is also available for everyone so I think it is the run only.

We are here again, bitcoin starts to rise and easily getting back at $10,000, next stop will be $11,000 and we don't need much time to enter that price again as we fell from $13,000. Time to be more optimistic now as the effect of trump's comment is already one.

[ethereumhunter]

although now the decline in bitcoin is happening, but I think a bull run will happen and this is certain. because now the bull run will continue to be on the crypto side, and we are just waiting for the right time.

It will just be patient for more. We will see bull run will come, and the only things that we can do right now are waiting for a while as you said. But maybe some people will call this a bull trap because bitcoin price is not increasing too high, but then the price is back to the lower price. So we need to be careful to buy, and if we think that the price cannot increase higher, then we need to sell once the price can go up for a while and we can wait for another downtrend.

[stadus]

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 think that this is a bull run, but do not forget that there are many traps on the way to heights. Always be vigilant. Every trader wants to make money, so analyze graphs well and be decisive.

Always do what you think is right, if you think it's already a bull run, you have to be calm and be confident as whatever price dumps are just pure correction. Enjoy the volatility of bitcoin now by taking advantage to it, if we can day trade, we are at a good timing now.

[whyrqa-1]

Today, bitcoin brings very good benefits for traders who are engaged in daily trading.  Of course, you can take other cryptocurrencies to your attention, but the risk of loss increases significantly.  Due to the big mess in the cryptocurrency market, it is very difficult to get good test results with which you can make profitable forecasts for trading.