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Author Topic: Its a bull trap now  (Read 834 times)
Questat
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March 05, 2021, 01:28:36 PM
 #21

I love the way you think that bear months will come in the next few days. Maybe it will but possibly, next few days NEXT year. The market gain for now is not so tricky, not at all, I don't think it was a bull trap either. Because if we consider the factors that hold the market price to sustain for how many days, that is an indication that getting back to $5k as we previously experience seems impossible.

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Golftech
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March 05, 2021, 01:48:09 PM
 #22

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.

We can't say that, like what you have said it's tough to conclude that bull was already done,

and what inside the market is an open opportunities to everyone to position whatever they

think the market will go. It's tough since volatility is always here, but unlike what happened

last 2017, the current market now do have the participations of institutional investors, well-known

business owners who knows and understand the value of long term investments.  DYOR helps a lot

observe and analyze to avoid making mistkes and lose big stake of your fund.
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March 05, 2021, 02:06:36 PM
 #23

It's a good advice but risk takers will keep taking risks and keep making money, the truth is this bullrun can last longer than many prepared for, we've seen some corrections and also even more adoption on btc, I sense this is just the beginning, this bullrun might be the longest one yet

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March 05, 2021, 02:16:09 PM
 #24

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.
I am completely agree with you. The bull market of 2017 lasted 4-5 months and the bull market of 2020 already completed 4-5 months. I think now the market will slowly go down. So those who are willing to invest anew should think a little more. I think now is the time to collect our profits.
Not what I see and I don't want to consider the last 2017 bullish end trend gives the same insight to what will happen this year coz it was not the same.
From $52k and it just drops at $48k this time (at posting), that was not a so-called trap and we are still far from entering the bearish season.

If the price of Bitcoin bounces back low at $30k, that was the time we are about to say that bearish season had come to start. But as long as we have at this current position, that was not close to the possibility. I still have to hold by Bitcoin.
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March 05, 2021, 02:28:26 PM
 #25

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.
I am completely agree with you. The bull market of 2017 lasted 4-5 months and the bull market of 2020 already completed 4-5 months. I think now the market will slowly go down. So those who are willing to invest anew should think a little more. I think now is the time to collect our profits.
I believe that there is no need to compare the indicators of the cryptocurrency market in 2017 with today. The fact is that all processes are now taking place in a completely different way. The current cryptocurrency market looks more stable and attracts large amounts of investment capital, which primarily considers Bitcoin as a valuable asset for profitable long-term investment, and not as a speculative asset. Based on this, I am inclined to believe that the current period is just another correction that arises on the way to even greater results. At least time will tell who is right and who is wrong.

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March 05, 2021, 02:29:55 PM
 #26

I don't think Bear is powerful than bull now. Currently market makes correction but Yes in the current market scenario we have to wait for some time rather than taking a risk because we do not know what will be the next move of the market because the market is slowly-slowly dropping or we can say consolidating at the moment So we have to wait for next move confirmation then take a decision on that basis.

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March 05, 2021, 02:30:59 PM
 #27

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 in past few months market has pumped hard so it is natural for it to cool down and people can take profit or exit so im contented that this slow or accumulation phase that can last for a couple of weeks will prove to be good for the market and it will grow from here and next leap up will be bigger.

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March 05, 2021, 02:38:35 PM
 #28

Bull trap is really happen but now I don't think so because we know the bull run now is real and we are really happy of what the crypto already reached. But for those people who are planning to invest to the crypto will be ready for what is possible to happen to their investment because we do not know what is the future of the bitcoin and altcoins.
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March 05, 2021, 02:52:36 PM
 #29

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 in past few months market has pumped hard so it is natural for it to cool down and people can take profit or exit so im contented that this slow or accumulation phase that can last for a couple of weeks will prove to be good for the market and it will grow from here and next leap up will be bigger.
I think this is the moment when traders and investors are also feeling a little panicky or worried about the market situation.
just look at BTC experiencing a quick correction but it's back in stabilization again. only BTC has had a fast recovery, unfortunately, many altcoins are getting a big correction too but they are slow to readjust to the market.
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March 05, 2021, 03:17:22 PM
 #30

Indeed, we should be careful with the current bull run, but there hasn't been a bearish trend until now. Proving that the influence of institutions is
very strong on price movements in the market,  therefore Bitcoin has only made a few minor corrections over the past 4 months. Therefore,
to guard against bull traps, there is nothing wrong if we want to invest in Bitcoin in stages. Don't buy a lot of Bitcoin and altcoins for now,
we have to see the development of the Bitcoin price in March first. If it doesn't drop below $ 40k by the end of March,  I'm a optimistic that
the possibility of a Bitcoin bull run until now aren't a bull trap.

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March 06, 2021, 10:50:18 PM
 #31

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.
You should also give yourself a try to buy the coins again at the dip price. The crypto is not even moving somewhere and you can see how altcoin is going so crazy dude. It looks like when the market has a very strong fundamental and it can also change the yearly cycle. Crypto already reached the dip price and bitcoin is not even moving now.
The bearish trend is just temporary and that might be the correct statement.

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tarable
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March 06, 2021, 11:04:55 PM
 #32

It's a good advice but risk takers will keep taking risks and keep making money, the truth is this bullrun can last longer than many prepared for, we've seen some corrections and also even more adoption on btc, I sense this is just the beginning, this bullrun might be the longest one yet
Yes, those who are still willing to make risks will continue to benefit based on what they have seen and felt in the current bullrun, I am also very confident that this bullrun is still ongoing and will last a very long time from the bullrun in many years previous.
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March 06, 2021, 11:36:19 PM
 #33

I have been thinking for last month that investments are very risky, because we are too long on historical heights and some day bears will come, so market will fall. I recommend all my friends not to play with all money and take some profit from successful investments, because situation can change any time. Nodoby wants bear market, but it`s unfortunately inevitable

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March 06, 2021, 11:38:52 PM
 #34

It's a good advice but risk takers will keep taking risks and keep making money, the truth is this bullrun can last longer than many prepared for, we've seen some corrections and also even more adoption on btc, I sense this is just the beginning, this bullrun might be the longest one yet
Yes, those who are still willing to make risks will continue to benefit based on what they have seen and felt in the current bullrun, I am also very confident that this bullrun is still ongoing and will last a very long time from the bullrun in many years previous.
If you have been in the market for so long, trying not to complain about the dump and pump events, you are one of those risk-takers that has been existed. Many had tried to enter crypto but once they suffered losses, they quit.

Well, for now, I can't tell when the Bullrun will end but for sure this will never be forever. if the price will be bouncing back below $20k, that be fine and I know, it will easily recover coz people will start to buy back again pushing the market demand and price to move high again.

A bull trap is just our own thinking because whether we like it or not, dumps and pumps will surely come.



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March 06, 2021, 11:49:38 PM
 #35

Yeah, I can fee it. Many experts still believe that the bullish to continue till the end of this year. But unfortunately, the market is dropping now, many crypto coins seem to decline their prices. I suspect this is a bull trap scheme, so whales want to collect more coins before the big bull run is coming. I hope it is really a bull trap.  Cheesy
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March 06, 2021, 11:53:05 PM
 #36

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.

Always do a series of observations while we don't see another trending market, most importantly let's be smart on every decisions made.  Maybe next month is the best timing to expect another ATH, investing your hard earned money should be done correctly. But if we won't see another potential to come, I don't think so we will able to earn sustainable profit.

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March 06, 2021, 11:56:21 PM
 #37

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.
What I believe is that my experience isn't 100 wrong. Bullrun trap hasn't started yet, Bitcoin could hit another ATH. This is the second correction time after 42k, now from 58k. Between the second quarter, the whole cryptocurrency could take a major correction. Which will be the last opportunity for all investors.

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March 07, 2021, 12:02:46 AM
 #38

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 disagree, this is a bear trap, the market is still very bullish however it cannot keep going up and producing ATHs every single day as it did at the beginning of the bull run, now it is going to take more time for those ATHs to materialize but they will and anyone that dares to go against the current trend is going to be destroyed, you need to remember that bull runs have the tendency to go higher than what most people think so even if the price of 48k seems high there is still a lot of room to grow.
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March 07, 2021, 12:47:46 AM
 #39

What if it's a bear trap and this is just a big correction? Now we see that accumulation phase and price looks strong on Bitcoin side. Altcoins are more fragile and volatile as usual but since Bitcoin hold their support over 45k I don't see a problem. Bear market last so long, I don't feel bull market stays only for a few months. We should see another big run until bears take over again. When you check news it's all good, there is no reason to be upset about crypto-currencies generally. If you invest only you can afford to lose you feel more relaxed and give healthy decisions about market.

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March 07, 2021, 04:36:49 AM
 #40

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.
You don't expect the market to just continue in a bull run without some form of correction? so now that there is a correction investors should quite the market? Yes caution should be taken when investing but this corrections are part of the circle and I don't personally believe the Bears are fully in the market yet at least not until the 4th quarter of 2021.
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