Its a bull trap now

[udayantha11]

I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

[ultrloa]

I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

This advice of yours is good for newbies who doesn't know how to trade while the market is so volatile, that's why you need to learn how to do a technical analysis and also how to read the graphs since every movement is important if we want to trade. Most of the traders now are doing good trades on this current market standings so if you will be afraid about the current scenario well provably you will miss the profit these days.

[makishart]

give opinion others.

That makes sense dude. As far as i know crypto has not ever faced the correction and it may come soon. This time the price of bitcoin is starting to jump and this could be a dead cat bounce but im not sure if this could be that consider bitcoin is still able breaking the 51k position.
It looks like the price of bitcoin will be very stable at this moment and altcoins will do that too.
The crypto market is starting to search for the best price floor.

[cryptoaddictchie]

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

I can't say that is true but merely an opinion or speculation and also 2 weeks to 1month frame is not ideal to see whether we are now changing pace from bull to bear. But with the recent volatility, it's good for traders to buy and sell with this kind of market. I've been watching closely what will happened and safe already my funds for a big crash or a big pump.

[DaMut]

I am still expecting another last round of major bull in the end of the year, based on that my thought is we are going to see another small wave from here on and then a retrace until june which means it is not advisable to buy anything in the next 2 or 3 months unless you are an expert in scalping or day trading.
the market looks pretty exhausted in my opinion, there is no fresh money coming in. that is why we could see top altcoins are bleeding.
usually the sign starts from top altcoins and then goes to the rest.

[cabron]

Selling would be a good decision for you. I have doubts myself that we are already entering the bearish trend after all we have been bull for months and you can see this in the weekly and monthly chart that prices are all overbought through the RSI. If OP predicts it right, we're all going to be experiencing it again a long bear market. For someone to have funds I guess he should just sell.

[crwth]

November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

So your research is that because there are no major bear signals popping out for the past few months and you think that it's coming already? Most of the investments in Bitcoin are just coming in from institutions and they are just scratching the surface. The influence of one of the richest man should have enough capacity to make the bullish signal even stronger. Let's see.

[TravelMug]

I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

Nah, I disagree, bitcoin for one has bounce back to $52k already, but it's a big mental barrier that's why the price dip to $48k now. But it doesn't mean that we are in a bearish market, there are still a lot of money flowing into the ecosystem, maybe there is some selling pressure, but that it. Nothing that we can call the the momentum has shift to bearish. The market is very bullish, it's just that obviously, we can't go on parabolic rise, traders do need to sell and take some profits.

[tbct_mt2]

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals.

Since the start of 2021, there are two big corrections with more than 20% of decrease. They are big corrections indeed but they are healthy correction for the on-going bull run. In bull market, corrections are fuel for higher price but if you are waiting for any big correction like 50% or more, hmm you will miss chances to hop on the bull train.

I don't care at which price bitcoin drops to but if it is more than 20% of correction, I am in definitely.

now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

Protect your money is good but your statement is not correct. Corrections are temporary but the bull is will keep going, not temporary.

[Kemarit]

^^, January we have 26%, and then February we have 23% dip, give and take.

But during those times the market didn't went on a bearish phase, but instead took a rest and then the price started to grow in the next 3 weeks. And I think this is what we are witnessing again, yes, past result doesn't mean it will continue, however, if we treat graph line a friend then we are going to see some similarities that may help us in our trading and being a investor in crypto, IMHO.

[tbct_mt2]

^^, January we have 26%, and then February we have 23% dip, give and take.

They are opportunities to buy bitcoin at discounted price and buy up the dips.

But during those times the market didn't went on a bearish phase, but instead took a rest and then the price started to grow in the next 3 weeks. And I think this is what we are witnessing again, yes, past result doesn't mean it will continue, however, if we treat graph line a friend then we are going to see some similarities that may help us in our trading and being a investor in crypto, IMHO.

The Bitcoin wiki presents the price history of bitcoin and its growth from 2009 to 2021. Visit and see the section for Prices and value history, with the table "Bitcoin value history (comparison to US$)". Despite of rises and falls that are necessary for market, bitcoin price is increasing in 10 years.

Why look at minute, hour, day, week or month candles but don't look at year candles?

https://en.wikipedia.org/wiki/History_of_bitcoin

[virasisog]

It is nice to have a back-up plan when you are investing. If you are looking long-term enjoy the dip and keep buying, even with the recent correction the price recovers. The recent bull-market had several corrections which is a good opportunity to grab some decent coins. If you will compare the recent bull-market chart, based on the parabolic cycle, we are just about the middle of the bull-market and the alt season is yet to come. Just invest what you can afford and if ever create a back-up plan, set where to cut your losses or just hodl.

[isaac_clarke22]

~

Not just hypes but also from celebrities hypes on where it came from, OP.
I don't hate Elon Musk and in fact I even respect him, but the hype he brought to some coins is quite large that it pumped the price of many coins even DogeCoin if I can recall correctly.
I didn't invest in Doge so I am not sure how it went.

[electronicash]

it's still not breaking the support. its not still bear season. the last time we see the dip, it took almost $42k but right now its still just $46k. we can't consider it dropping below to be considered breaking out the support. we may see another proclamation from elon or saylor how much they've bought with this week's dip and then we can see another spike. the two are the ones making this market alive.

[hulla]

I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

The Crypto market might be a speculation setting but the current market season is never extra hype though the bearish market should be expected from now till the weekend which was what happened last week what we're seeing now is a replication.
 

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.

Invest now is never before it Monday is never a wrong decision than waiting for 2-4 weeks.

November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

Yes, there seems to be no bearish signal because we're in bullish market season and the market usually experience slight market correction instead of the bear.

[perla]

I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

Some people says that the market were in correction and good for accumulation it is expected a huge increase of price in the next upcoming weeks. Yes I think we should watch what will happened to market first before investing.

[JohnBitCo]

I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

As long as bitcoin does not close the day above 52,000$, we are in the bearish zone. The price dips many times to 47-48K but recovers because there is a lot of support too at these level. There is a big resistance as well as big support. We need to watch out which one break first ?

[Ziskinberg]

Probably the bull run is over and what we are seeing like a bounce back could be a bull trap. It's hard to say though or to conclude as the market is still too volatile, but the moment bitcoin will dump below $40k, I think there will be bigger panic that will happen, and more so it will make bitcoin to dump more.

[kevinzxz]

I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

I think bearish has happened twice, which is when the price of Bitcoin was corrected,
1. when the price of Bitcoin hit $40k and dropped to $34k;
2. then when the price of Bitcoin increased to $ 58k and dump to $ 45k.
therefore in my opinion there is still a possibility that the price of cryptocurrency will increase even higher (bull run), because the market has been bearish twice (correction), but for now bearish that happened is different from previous years, so in my opinion we don't need to wait for investing in cryptocurrency, because you will lose the opportunity to get profit from investing in cryptocurrency at this time (the price of Bitcoin and some altcoin is down), so this is an opportunity for us to get profit from investing in cryptocurrency before the market rises again (bull run).

[crzy]

After we failed on staying above $50k, I think Bitcoin will still try to break it and we still have the chance go up but if not, then bear is about to begin and the panic sellers will start selling. I have to agree that we already reach the peak, its been a good run aiming for a higher price and I guess its about time to take some rest again and enter into another bear trend, this is normal though.