Are we in a bear trap?

[savetheFORUM]

The way bitcoin and other altcoins are reducing in the market, it will be better to hold and watch very well not to fall into failure at this season. Any trader who can bear in this season we are, will really enjoy when the price of bitcoin increase to $60k. Now that we are approaching end of the year where many investors are waiting for the market to change for their favour before they can supply to market for profit making.
What happened 2020 where altcoin price continue to reduce till the end of the year before it start increasing for their customers to achieve their goals will not happen this year. Altcoin price will definitely rise for investors to make a good profit before the end of the year 2021.

I believe that with just 1 month left, we may not have something substantial. I am not saying it will go up or down but whatever happens will not be a huge one for sure. If we go up, I do not see bitcoin being 100k, or anything close, maybe 70k at the very best but I even doubt that, somewhere between 65-70k is the best I could see it happening.

I also see that bitcoin could be dropping to a bit under 50k if it goes down like this, but won't be going under 40k neither. So all in all I assume that it will be a mild month ahead now. Sure something unexpected could happen and prices could change like crazy, specially if we get a news about it that pumps it or dumps it, but I won't make investments based on potential news.

[freedomgo]

The way bitcoin and other altcoins are reducing in the market, it will be better to hold and watch very well not to fall into failure at this season. Any trader who can bear in this season we are, will really enjoy when the price of bitcoin increase to $60k. Now that we are approaching end of the year where many investors are waiting for the market to change for their favour before they can supply to market for profit making.
What happened 2020 where altcoin price continue to reduce till the end of the year before it start increasing for their customers to achieve their goals will not happen this year. Altcoin price will definitely rise for investors to make a good profit before the end of the year 2021.

There's no better way to deal with the current market condition but to continue hodling our coins as the market will eventually recover once this healthy correction is over. For now, we can take advantage of the crypto coins low prices and buy those potential coins as much as we can because once the market will be bullish again, then we will experience riding with this bullish season and eventually make small profits if we start investing it today. I cannot say that we are in a bear trap, its not yet bearish season, what we have is just a normal correction.

[Huppercase]

Trading wise reversing a breakout and failing to hold that is surely a bearish sign.   Is the market overall in a bear trap is not correct just from that move, all the long term averages are moving upwards with good reason we've spent most of the year accumulating and nothing has mitigated that especially so far in volume terms etc.  Caution while we remain below 50 day average

I'm not Thomas but I doubt if BTC will go any down further as it dip back in some days ago as many consider as black Friday. It doesn't worry me any longer when I see bitcoin price going down because it has and always bounce back. It's just the whale doing their thing and taking profit and buy back when they see the opportunity.
I feel sad when I see btc fall in price and don't usually have the money to buy at lower price.

[Hamphser]

The way bitcoin and other altcoins are reducing in the market, it will be better to hold and watch very well not to fall into failure at this season. Any trader who can bear in this season we are, will really enjoy when the price of bitcoin increase to $60k. Now that we are approaching end of the year where many investors are waiting for the market to change for their favour before they can supply to market for profit making.
What happened 2020 where altcoin price continue to reduce till the end of the year before it start increasing for their customers to achieve their goals will not happen this year. Altcoin price will definitely rise for investors to make a good profit before the end of the year 2021.

There's no better way to deal with the current market condition but to continue hodling our coins as the market will eventually recover once this healthy correction is over. For now, we can take advantage of the crypto coins low prices and buy those potential coins as much as we can because once the market will be bullish again, then we will experience riding with this bullish season and eventually make small profits if we start investing it today. I cannot say that we are in a bear trap, its not yet bearish season, what we have is just a normal correction.

Hold and sell according into your own decisions because we know that this isnt something that can be predicted and this market is always been like this and theres no way

for you to determine whether we are on a bear or bull trap or something like that which what make it more hard to guess and speculate and this is where

own analysis do make the play and each of us does have its own way on playing out these price movements.

[bengsabeng]

Trading wise reversing a breakout and failing to hold that is surely a bearish sign.   Is the market overall in a bear trap is not correct just from that move, all the long term averages are moving upwards with good reason we've spent most of the year accumulating and nothing has mitigated that especially so far in volume terms etc.  Caution while we remain below 50 day average

I'm not Thomas but I doubt if BTC will go any down further as it dip back in some days ago as many consider as black Friday. It doesn't worry me any longer when I see bitcoin price going down because it has and always bounce back. It's just the whale doing their thing and taking profit and buy back when they see the opportunity.
I feel sad when I see btc fall in price and don't usually have the money to buy at lower price.

this has often happened in the market, when whales sell prices will drop drastically and when whales buy prices will pump up again. not infrequently they also intentionally create FUD so that the price of bitcoin goes down and they can get bitcoin at a low price. Crypto market conditions are indeed very difficult to predict, everything can happen very quickly and we are required to always be vigilant and be able to take advantage of opportunities as well as possible.

[awik p]

Trading wise reversing a breakout and failing to hold that is surely a bearish sign.   Is the market overall in a bear trap is not correct just from that move, all the long term averages are moving upwards with good reason we've spent most of the year accumulating and nothing has mitigated that especially so far in volume terms etc.  Caution while we remain below 50 day average

I'm not Thomas but I doubt if BTC will go any down further as it dip back in some days ago as many consider as black Friday. It doesn't worry me any longer when I see bitcoin price going down because it has and always bounce back. It's just the whale doing their thing and taking profit and buy back when they see the opportunity.
I feel sad when I see btc fall in price and don't usually have the money to buy at lower price.

this has often happened in the market, when whales sell prices will drop drastically and when whales buy prices will pump up again. not infrequently they also intentionally create FUD so that the price of bitcoin goes down and they can get bitcoin at a low price. Crypto market conditions are indeed very difficult to predict, everything can happen very quickly and we are required to always be vigilant and be able to take advantage of opportunities as well as possible.

Over time, the strategy of the whales did not have a big impact like in 2018, investors are now smarter in responding to the market, it is proven that the price correction that occurs does not cause panic for traders and investors, in fact every decline will be used to buy, until finally we can see some new ATH this year

[LUCKMCFLY]

I hope that the price rises through 60k again and this time around I am expecting 70k to come.

So far what has been the actions you have decided to take? The market has still remained at this same level of $54k - $55k and nobody can tell whether it is going to recover or not. We are just a few days to December and the market is not yet bullish. Analysis that I have seen so far are not really helping at all, it shows that no one really knows where we are heading to from here.

The market rose to almost $60k price some days past, and we all thought - that was it, it’s finally going to cross the $60,000 mark again – unfortunately, that never happened, instead it dropped to a lower price. But I am believing somewhere around the end of December, the market will be bullish.

The uncertainty in the market is something incredible, in fact I have been checking tensorcharts, com what can happen, I have also checked the long and shorts through tradingview, and I have not really been able to conclude any movement to follow, everything points to possibly the market goes down a bit more, but I'm not 100% sure.

With many analysis and prediction tools it is possible to determine what can happen in the market, I do not know if the action of the new strain of vocid-19 that has Canada locked in is influencing the market, since it can be taken as a fundamental.

[BlinkInDie]

Per some of my friends that know how to do TA, no not yet. The bearish divergence in the weekly chart is just a correction. But still not worried if we go on a bearish month, it's time to be bag some coins expecially layer 2, metaverses and NFT games that are low mcaps, like chain games, cudos and AnRKey X.

[kendedese]

Admit it or not, crypto is getting more adopted than in previous years, hence what plays out back in 2018 will not be the same in terms of bear market, every expecting to see that big dump in price, many people are afraid to get in thinking this is a trap, well I don't think anyone knows when exactly that will happen, however, we just can't miss out on the opportunities in the market to make good profit, most metaverse projects are giving good returns and being afraid we are in a bear trap will make you miss out,
The best thing is to invest a little and watch the market moment.

yes that's true, because investing in crypto has a high risk of course it requires courage to take that risk. A bear trap or a bull trap can happen at any time because market conditions cannot be predicted, if you are caught in that trap I think you have to hold on until the price recovers.the point is if we don't dare to take the risk we won't get anything and we can only regret it when the price has recovered.

[arwin100]

Admit it or not, crypto is getting more adopted than in previous years, hence what plays out back in 2018 will not be the same in terms of bear market, every expecting to see that big dump in price, many people are afraid to get in thinking this is a trap, well I don't think anyone knows when exactly that will happen, however, we just can't miss out on the opportunities in the market to make good profit, most metaverse projects are giving good returns and being afraid we are in a bear trap will make you miss out,
The best thing is to invest a little and watch the market moment.

yes that's true, because investing in crypto has a high risk of course it requires courage to take that risk. A bear trap or a bull trap can happen at any time because market conditions cannot be predicted, if you are caught in that trap I think you have to hold on until the price recovers.the point is if we don't dare to take the risk we won't get anything and we can only regret it when the price has recovered.

Well if you can't do anything since you don't have enough capital to trade another round again then your option is to hold if you can't afford to lose, But if you take another risk and take the stop lose then maybe from that you can buy again at the dip then there's a huge possibilities from that you can recover your funds and earn more once the bull hit again. But also before taking risk we better do a research first because having courage to invest without proper planning can cost us a lot of money if we didn't expect the huge drop came.

[horrifiedx1]

Admit it or not, crypto is getting more adopted than in previous years, hence what plays out back in 2018 will not be the same in terms of bear market, every expecting to see that big dump in price, many people are afraid to get in thinking this is a trap, well I don't think anyone knows when exactly that will happen, however, we just can't miss out on the opportunities in the market to make good profit, most metaverse projects are giving good returns and being afraid we are in a bear trap will make you miss out,
The best thing is to invest a little and watch the market moment.

yes that's true, because investing in crypto has a high risk of course it requires courage to take that risk. A bear trap or a bull trap can happen at any time because market conditions cannot be predicted, if you are caught in that trap I think you have to hold on until the price recovers.the point is if we don't dare to take the risk we won't get anything and we can only regret it when the price has recovered.

Well if you can't do anything since you don't have enough capital to trade another round again then your option is to hold if you can't afford to lose, But if you take another risk and take the stop lose then maybe from that you can buy again at the dip then there's a huge possibilities from that you can recover your funds and earn more once the bull hit again. But also before taking risk we better do a research first because having courage to invest without proper planning can cost us a lot of money if we didn't expect the huge drop came.

Every decision has its risks, and the most important thing, I think, is that the decisions taken must be based on our own conscience, so that we will be better prepared to face those risks. maybe if I personally choose to sell some and wait at a lower price to buy again, that way we can reduce the risk

[ziyaaa]

We could be in the trap of bear and bull market both now.    Because there is an ambiguity in the market now. It is hard to predict where Bitcoin price will go to soon. For now, the only thing we see is a price movement between 55k dollars and 60k. It would be for our benefit to be careful now not to lose much money. I would prefer a bear trap rather than a bull trap though like everyone would like.

[herurist]

The way bitcoin and other altcoins are reducing in the market, it will be better to hold and watch very well not to fall into failure at this season. Any trader who can bear in this season we are, will really enjoy when the price of bitcoin increase to $60k. Now that we are approaching end of the year where many investors are waiting for the market to change for their favour before they can supply to market for profit making.
What happened 2020 where altcoin price continue to reduce till the end of the year before it start increasing for their customers to achieve their goals will not happen this year. Altcoin price will definitely rise for investors to make a good profit before the end of the year 2021.

There's no better way to deal with the current market condition but to continue hodling our coins as the market will eventually recover once this healthy correction is over. For now, we can take advantage of the crypto coins low prices and buy those potential coins as much as we can because once the market will be bullish again, then we will experience riding with this bullish season and eventually make small profits if we start investing it today. I cannot say that we are in a bear trap, its not yet bearish season, what we have is just a normal correction.

I want to make an excuse but it seems that this is true and we can do nothing better than to hold on to the assets we have.
because this will be one of the things that are mandatory for now I think
But instead I take advantage of this by increasing the assets I have and this in my opinion is a good opportunity regardless of the bear trap or not I don't want to think about it and things like this are like a blessing and a disaster for me

[Alert31]

At this day, bitcoin is $56k and there is a prediction that it will reach $100k this month of December. If that so, then it is still good to buy at the current price of bitcoin but everything in crypto has no guaranty that it will really happen because it's just a prediction. Despite of that, it's better to hold and wait if what well gonna happen in the future.

[bitzizzix]

The way bitcoin and other altcoins are reducing in the market, it will be better to hold and watch very well not to fall into failure at this season. Any trader who can bear in this season we are, will really enjoy when the price of bitcoin increase to $60k. Now that we are approaching end of the year where many investors are waiting for the market to change for their favour before they can supply to market for profit making.
What happened 2020 where altcoin price continue to reduce till the end of the year before it start increasing for their customers to achieve their goals will not happen this year. Altcoin price will definitely rise for investors to make a good profit before the end of the year 2021.

There's no better way to deal with the current market condition but to continue hodling our coins as the market will eventually recover once this healthy correction is over. For now, we can take advantage of the crypto coins low prices and buy those potential coins as much as we can because once the market will be bullish again, then we will experience riding with this bullish season and eventually make small profits if we start investing it today. I cannot say that we are in a bear trap, its not yet bearish season, what we have is just a normal correction.

I want to make an excuse but it seems that this is true and we can do nothing better than to hold on to the assets we have.
because this will be one of the things that are mandatory for now I think
But instead I take advantage of this by increasing the assets I have and this in my opinion is a good opportunity regardless of the bear trap or not I don't want to think about it and things like this are like a blessing and a disaster for me

If we learn from experience, this is the best time to buy gradually in small quantities when the decline occurs again because history will repeat itself and the increase will occur at the right time and this is the best moment if we can take advantage of it, good profits will be obtained in the future .
and don't focus too much on the negative news that has happened recently because it will make the positive news forgotten, because you are too worried which will eventually cause panic and this is where the mentality is tested.

[Dragonfund]

At this day, bitcoin is $56k and there is a prediction that it will reach $100k this month of December. If that so, then it is still good to buy at the current price of bitcoin but everything in crypto has no guaranty that it will really happen because it's just a prediction. Despite of that, it's better to hold and wait if what well gonna happen in the future.

This dump is not just bitcoin alone or should I say crypto, it's a general thing across the globe due to Omicron variant type of virus that has been rampant in South Africa and USA.
Corona affect us all and gladly, it was a miracle that changes the live of many who were diamond hands and never sold, if we can sustain that sell pressure and bounce back smoothly, there is no point in been in panick this time around, bitcoin and market will always bounce back.

[TheGreatPython]

if you can't do anything since you don't have enough capital to trade another round again then your option is to hold if you can't afford to lose, But if you take another risk and take the stop lose then maybe from that you can buy again at the dip then there's a huge possibilities from that you can recover your funds and earn more once the bull hit again. But also before taking risk we better do a research first because having courage to invest without proper planning can cost us a lot of money if we didn't expect the huge drop came.

I would assume that if you are taking that risk, you are also considering the fact that the moment you sell your crypto, it could end up being a lot higher as well. So, you might sell right at the moment it starts to go up. This is not something that people really want or can risk. This is why most people who make a loss end up trying to hold it until they could recover it. I love long term investment because of this, if you are in a loss then in long term you could get out of it, if you are in a profit, with time you could profit even more.

In crypto world if you are not investing into some shitcoin, it is very rare that people would lose money. Almost all the time, anyone who invested into something fundamentally strong, that usually means they will be in profit more and more every year, having money in crypto for over 10 years would mean getting very rich.

[TheUltraElite]

We could be in the trap of bear and bull market both now.    Because there is an ambiguity in the market now.

True, market is making more sideways moves than up or down. I would expect this ambiguity to reside for a short while till the cryptocurrency bill in India gets launched properly and the panic that is has been inducing dies down a bit.

It is hard to predict where Bitcoin price will go to soon. For now, the only thing we see is a price movement between 55k dollars and 60k. It would be for our benefit to be careful now not to lose much money.

Price has already gone down to 48k this morning. I think we are seeing a bit sell off due to some reason currently unknown to me. It would be wise to think how we can use this to buy some bitcoins right away and then wait for the next price rise to happen. This happened in the span of a few hours. We can assume this to be some big whale dumping and exiting since the pattern was not laid over a longer period.

Bearish trend it has become, not a bear trap anymore. Lets watch closely and buy at lower levels so we do not regret when the price goes back up again.

[Looper_U]

At this day, bitcoin is $56k and there is a prediction that it will reach $100k this month of December. If that so, then it is still good to buy at the current price of bitcoin but everything in crypto has no guaranty that it will really happen because it's just a prediction. Despite of that, it's better to hold and wait if what well gonna happen in the future.

This dump is not just bitcoin alone or should I say crypto, it's a general thing across the globe due to Omicron variant type of virus that has been rampant in South Africa and USA.
Corona affect us all and gladly, it was a miracle that changes the live of many who were diamond hands and never sold, if we can sustain that sell pressure and bounce back smoothly, there is no point in been in panick this time around, bitcoin and market will always bounce back.

Is there any proof to show that Omicron already finds it way into USA? Cos all the news I've been hearing about this virus is in Africa, also I don't think this is why the market is down presently, there will be more crypto bans but best advice is to buy the dips, even el Salvador bought 150 BTC in this dip today

[herurist]

There's no better way to deal with the current market condition but to continue hodling our coins as the market will eventually recover once this healthy correction is over. For now, we can take advantage of the crypto coins low prices and buy those potential coins as much as we can because once the market will be bullish again, then we will experience riding with this bullish season and eventually make small profits if we start investing it today. I cannot say that we are in a bear trap, its not yet bearish season, what we have is just a normal correction.

I want to make an excuse but it seems that this is true and we can do nothing better than to hold on to the assets we have.
because this will be one of the things that are mandatory for now I think
But instead I take advantage of this by increasing the assets I have and this in my opinion is a good opportunity regardless of the bear trap or not I don't want to think about it and things like this are like a blessing and a disaster for me

If we learn from experience, this is the best time to buy gradually in small quantities when the decline occurs again because history will repeat itself and the increase will occur at the right time and this is the best moment if we can take advantage of it, good profits will be obtained in the future .
and don't focus too much on the negative news that has happened recently because it will make the positive news forgotten, because you are too worried which will eventually cause panic and this is where the mentality is tested.

It's true I really agree with what you said because this is a discount and indeed things like this should really be put to good use.
But what happens is just the opposite. Many people feel panicked about this and in fact things like this will actually harm them.

Focusing too much on negative news will only make us feel insecure, in holding coins.