Its a bull trap now

[Bitstar_coin]

Market have been sideways for few days now but who can really tell if this is bull trap or bull run still continues, it is impossible to predict where the market will go so i guess the reason why @op warning people to take precaution, even with this sideways market huge profit are being made in some project, even in bear market some project still find the capability to pump in price, it is all about being on the right project.

[tsaroz]

It's already been 5 days since the OP and it doesn't look like a bull trap. A bull trap mostly is a sudden spike in price that last for a few days before ultimately crashing. But the prices has gradually increased over the 5 days and it shows that there are enough people and funds to buy for all the people wanting to sell. It doesn't necessarily suggest any price movement but in my experience, such sideways movement doesn't lead to a sudden crash.

[semobo]

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.

Bull and bear market is part of every asset which means if we are in full run then next will be bear run for sure but don't mislead or confuse bull trap vs bear run since both are completely different. As of now the bull market still growing and there is no sign of major breakout so your decision may go wrong completely because nothing is predictable that is why everyone says investments are subjected to market risks.

[Silberman]

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.

This is simply yet another sign, as if we needed other signs, of the ridiculous expectations people have out of the markets, it is obvious that it is impossible for even the strongest bull run to always go up in value, there are going to be retracements and people should just accept this as part of the markets, and yet that is not what we see, as soon as there is a decrease in the price people begin to make all kind of claims about the market crashing or being a bull trap when the opposite is the reality we are facing just a few days after such predictions were made.

[ethereumhunter]

Whether it is the bull trap or not, I am trying my best to profit from using the situations, so I can still follow the market moves and I don't have a problem. After the bitcoin rally, I think the price needs to make a correction for a while, and hopefully, the price can still increase and break more than $60k. If that can happen, that will be our chance to make more profit and we can see bitcoin increase so high than the price now. But if the price goes down after this high price, we need to be careful and prepare the money to buy back for more bitcoin.

[BaeSuzy]

Of course bear market will appear very soon, but i don't think it will happen in the next few weeks. Maybe your advice is good for the new trader who don't really know about the pattern of market.

[fullhdpixel]

It's already been 5 days since the OP and it doesn't look like a bull trap. A bull trap mostly is a sudden spike in price that last for a few days before ultimately crashing. But the prices has gradually increased over the 5 days and it shows that there are enough people and funds to buy for all the people wanting to sell. It doesn't necessarily suggest any price movement but in my experience, such sideways movement doesn't lead to a sudden crash.

Of course it wasn't a bull trap, people who think that they know what is going to happen in the market are always wrong in the end, they could be right one or two times, they could be right few more times, but they will always be wrong overall because market does whatever market wants and not what the charts say. In the end we are in a world where crypto traders will do crazy stuff that you least expect and that is why it is always a bit risky to keep listening to anyone that tells you it will go down, since it is a good long term investment, just buy it and hold it and you will either profit now or later but you will profit.

There is also underlying problem of people who care about bitcoin price dropping because they don't have any and they want it to go down so that they can buy and it could go up after they join from lower end, that is another problem the market has with these people.

[JeffBrad12]

Of course bear market will appear very soon, but i don't think it will happen in the next few weeks. Maybe your advice is good for the new trader who don't really know about the pattern of market.

If we are seeing from the bullish trend of bitcoin and it might not come soon but there must be a small correction to follow this bullish trend. The bear trend can be determined when bitcoin will be touching another 3rd wave of pump.
I think that this will be affected by how good the news has come for bitcoin. The newcomers will have needed a lot of time to learn more about this pattern.
The bull trap is not even coming right now and the bear market will not come soon. More and more good news comes to the crypto and this creates a pump for bitcoin.

[ScamViruS]

No one knows when the bear market will start. Looking at the current situation, it is understood that a lot of investors are coming to the market and they are investing. But looking at the market situation, it is difficult to guess anything now, because now the market can go in any direction. So I don't know how right it would be to expect the bear market in this situation.

There has been no major correction in the market in recent times so it can be expected that the bear market will start now but it is important to see what happens in reality.

[republicrypto]

no bull trap in this year, i'm sure about that
because the latest down is only a corrections mate, and i believe crypto market will continues the rally
regards

[Mauser]

no bull trap in this year, i'm sure about that
because the latest down is only a corrections mate, and i believe crypto market will continues the rally
regards

Alright,  I will take your word for it =)

I am also thinking that is not very likely  we are going to see a bull trap this year. At the moment everything looks like we will manage to end the corona pandemic this year, once we reach enough immunisations than the economy should open up again. And once the economy is growing again so should the crypto market.

[bittick]

no bull trap in this year, i'm sure about that
because the latest down is only a corrections mate, and i believe crypto market will continues the rally
regards

People are thinking when crypto faces the downtrend and it could be the end for crypto. They never think if anything can change anytime. Remember about when so many times crypto gives surprise by increasing even higher from time to the time without faced any downtrend. The bulltrap is gone and it will not come back again now as the strong support from the institutional investors. People should realize it will never happen at least for this time
Support from big investors = bullish

[ethereumhunter]

no bull trap in this year, i'm sure about that
because the latest down is only a corrections mate, and i believe crypto market will continues the rally
regards

I hope too. But we do not know if there is no bull trap this year as the bull trap can come anytime. I only hope that this year can be a good year for us to take as much profit as possible because the market increase back, and bitcoin price can break $50k, which we are waiting for a long time ago. In the long term, I believe that the crypto market will continue the rally, and we will see many altcoins will increase and give us profit. But if a correction comes to the market, we do not need to panic because that is a correction that can make the price back to the high price.

[bluebit25]

You are setting your own trap, the market is being driven so strongly for those who invest in this market I think they have their own milestones, I can see bitcoin going up. 66k in the near future, and when that altcoin will suffer a price correction and there will be more people like you who don't have long-term confidence to warn people about bear traps, the current trend is still up and that's it.

[shoreno]

i think that bull trap now already existed and can happen to altcoins only but for btc , i dont think a bull trap is relevant anymore but what is always present in btc are bull run  .

because its been a long time and i never see btc to drop below 41k usd but thanks for giving a heads up @op may this  posts serve as a warning to all altcoin investors that not all times they can profit in altcoins but they should also watch out for signals/signs before it gets them .

[TelolettOm]

https://twitter.com/cz_binance/status/1369647842478882817 A new tweet by Cz says that currently the price still includes Dhip. and in this year the market will be bullish. Are you sure this trend will be strong in the next 1 year? I think the risk to buy now is quite high. yes even though many people say the current price we should start investing. what do you think about this tweet?

[Pelana vreo]

I keep trading to be able to keep an eye on the market situation and no one knows a bullrun trap is coming.
as long as the crypto market cap is still good, Bitcoin and altcoins will slowly continue to rise and surprise investors that the crypto market is in good shape

[Vaculin]

I keep trading to be able to keep an eye on the market situation and no one knows a bullrun trap is coming.
as long as the crypto market cap is still good, Bitcoin and altcoins will slowly continue to rise and surprise investors that the crypto market is in good shape

It's not a surprise that the market is in good shape, we are in bear market for awhile, that's the time where the market was struggling but the struggle is already over, projects with great potential have recovered and some have even reach their new ATH. However, we shouldn't bee to complacent because like what we witnessed in the past, after a bull run, the market will slowly turn bearish to correct the price.

[Ziskinberg]

https://twitter.com/cz_binance/status/1369647842478882817 A new tweet by Cz says that currently the price still includes Dhip. and in this year the market will be bullish. Are you sure this trend will be strong in the next 1 year? I think the risk to buy now is quite high. yes even though many people say the current price we should start investing. what do you think about this tweet?

Do we really have to believe on CZ? This guy is always a bullish person, all he would say is bullish because he has a big investment on BNB hence he can always makes a bias statement. Don't ride so hard on the bull run, we know it's happening but at least we know how to handle ourselves, invest wisely.

[ven7net]

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 far as I know, if you want to invest in cryptocurrency, then you need to do it when the price falls and sell when the price rises. Of course, now the crypto market is growing and at some point we can see a correction. I watched one analyst today and he said that we are almost at the peak of the BTC price. He expects another rise in BTC within two weeks, and after that there will probably be a correction. At the same time, by the end of this year, the market will have another upward spurt. However, the main thing is to fix the profit in time.