Are we in a bear trap?

[Zilon]

Seeing the funding rates above, it seems clarified that btc had a 'fakedown' and was a bear trap, but how low do you think will it go? Is the trap game over and we lost the 55k buying opportunity? Or should I wait for much lower value of btc to get an entry? I am still confused about that MtGox releasing their customers' btc tomorrow, which is making my nerves go wild when I think of what may happen.

Source

In early hours of today it fell below 51k another good buying opportunity. There is no guarantee for another lower move but if it comes its would be another sweet entry point. At this point one don't have to buy with all available funds getting multiple entry points gives you a good chance to make better profits.  But for the BTCs I bought above $60k I will still hold to get back my profit before waiting for another dip to buy more

[sana54210]

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

https://www.reuters.com/world/us/six-omicron-cases-reported-nebraska-marking-sixth-us-state-with-variant-2021-12-03/

This was literally the first thing that I have seen when I googled "omricon in usa" and nothing more. I am sure you could do a much better research if you want to, but it is clear that omricon is already in USA. We already have it here, and I am sure its spreading every nation in the world eventually.

The problem with finding new variants scary is the fact that we already have covid-19, which means that we already had this trouble before there was a new variant. So, we need to find a solution, a cure that would help us get better. What we can't really comprehend however is the fact that the vaccination does help with these new variants as well, sometimes even better, sometimes worse but still it is better to be vaccinated then not be vaccinated.

With vaccination numbers not growing because of eventually vaccinated all who want to and can't to those who are anti-vaxx, we are reaching to a level where we just need to wait it all get normal and fine, there isn't much we can do anymore.

[fara_buduk]

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

https://www.reuters.com/world/us/six-omicron-cases-reported-nebraska-marking-sixth-us-state-with-variant-2021-12-03/

This was literally the first thing that I have seen when I googled "omricon in usa" and nothing more. I am sure you could do a much better research if you want to, but it is clear that omricon is already in USA. We already have it here, and I am sure its spreading every nation in the world eventually.

The problem with finding new variants scary is the fact that we already have covid-19, which means that we already had this trouble before there was a new variant. So, we need to find a solution, a cure that would help us get better. What we can't really comprehend however is the fact that the vaccination does help with these new variants as well, sometimes even better, sometimes worse but still it is better to be vaccinated then not be vaccinated.

With vaccination numbers not growing because of eventually vaccinated all who want to and can't to those who are anti-vaxx, we are reaching to a level where we just need to wait it all get normal and fine, there isn't much we can do anymore.

I'm not sure that the new variant of the -omricon- virus is the cause of the current price drop
because the mutation of the covid-19 case did not only occur at the beginning of last year but did not make the price experience a correction that was too significant as it is now, or because the virus issue has been detected in the US but until now I have not found any news that causes concern that bitcoin will decline due to the spread of the virus omricon

[qwertyup23]

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

https://www.reuters.com/world/us/six-omicron-cases-reported-nebraska-marking-sixth-us-state-with-variant-2021-12-03/

This was literally the first thing that I have seen when I googled "omricon in usa" and nothing more. I am sure you could do a much better research if you want to, but it is clear that omricon is already in USA. We already have it here, and I am sure its spreading every nation in the world eventually.

The problem with finding new variants scary is the fact that we already have covid-19, which means that we already had this trouble before there was a new variant. So, we need to find a solution, a cure that would help us get better. What we can't really comprehend however is the fact that the vaccination does help with these new variants as well, sometimes even better, sometimes worse but still it is better to be vaccinated then not be vaccinated.

With vaccination numbers not growing because of eventually vaccinated all who want to and can't to those who are anti-vaxx, we are reaching to a level where we just need to wait it all get normal and fine, there isn't much we can do anymore.

I'm not sure that the new variant of the -omricon- virus is the cause of the current price drop
because the mutation of the covid-19 case did not only occur at the beginning of last year but did not make the price experience a correction that was too significant as it is now, or because the virus issue has been detected in the US but until now I have not found any news that causes concern that bitcoin will decline due to the spread of the virus omricon

I do think that one factor that must be considered is the time of the season. It is almost Christmas and I have a gut feeling that most people are withdrawing and cashing out their investments given the current circumstances of the world. In addition to the new variant, this also affected the price that led to most people liquidating their cryptocurrencies. I checked the price and almost all cryptos had their price dropped with an all-time low this year.

To be honest, this is a good opportunity for investors to purchase more for long-term HODL. Maximize profits by investing into this price in order to have your investments mature overtime.

[Smitty Werben Man Jensen]

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

https://www.reuters.com/world/us/six-omicron-cases-reported-nebraska-marking-sixth-us-state-with-variant-2021-12-03/

This was literally the first thing that I have seen when I googled "omricon in usa" and nothing more. I am sure you could do a much better research if you want to, but it is clear that omricon is already in USA. We already have it here, and I am sure its spreading every nation in the world eventually.

The problem with finding new variants scary is the fact that we already have covid-19, which means that we already had this trouble before there was a new variant. So, we need to find a solution, a cure that would help us get better. What we can't really comprehend however is the fact that the vaccination does help with these new variants as well, sometimes even better, sometimes worse but still it is better to be vaccinated then not be vaccinated.

With vaccination numbers not growing because of eventually vaccinated all who want to and can't to those who are anti-vaxx, we are reaching to a level where we just need to wait it all get normal and fine, there isn't much we can do anymore.

I'm not sure that the new variant of the -omricon- virus is the cause of the current price drop
because the mutation of the covid-19 case did not only occur at the beginning of last year but did not make the price experience a correction that was too significant as it is now, or because the virus issue has been detected in the US but until now I have not found any news that causes concern that bitcoin will decline due to the spread of the virus omricon

I think it's too early to say that the cause of the current price drop is due to the newest variant or type of covid, namely Omricon,
I hope this omricon case can only last for a while so it doesn't affect the market later,
the most important thing is to follow the latest news and of course it must be accurate

[Taskford]

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

https://www.reuters.com/world/us/six-omicron-cases-reported-nebraska-marking-sixth-us-state-with-variant-2021-12-03/

This was literally the first thing that I have seen when I googled "omricon in usa" and nothing more. I am sure you could do a much better research if you want to, but it is clear that omricon is already in USA. We already have it here, and I am sure its spreading every nation in the world eventually.

The problem with finding new variants scary is the fact that we already have covid-19, which means that we already had this trouble before there was a new variant. So, we need to find a solution, a cure that would help us get better. What we can't really comprehend however is the fact that the vaccination does help with these new variants as well, sometimes even better, sometimes worse but still it is better to be vaccinated then not be vaccinated.

With vaccination numbers not growing because of eventually vaccinated all who want to and can't to those who are anti-vaxx, we are reaching to a level where we just need to wait it all get normal and fine, there isn't much we can do anymore.

I'm not sure that the new variant of the -omricon- virus is the cause of the current price drop
because the mutation of the covid-19 case did not only occur at the beginning of last year but did not make the price experience a correction that was too significant as it is now, or because the virus issue has been detected in the US but until now I have not found any news that causes concern that bitcoin will decline due to the spread of the virus omricon

I think it's too early to say that the cause of the current price drop is due to the newest variant or type of covid, namely Omricon,
I hope this omricon case can only last for a while so it doesn't affect the market later,
the most important thing is to follow the latest news and of course it must be accurate

We don't see more deeper yet that's why we can't say that its totally confirm. But anyways even though there's little chance for something like bear trap or a total bearish season then maybe its good to be secured since its really good to be secured than sorry once the market collapsed so bad.

Maybe for now lets follow the news since maybe we can get a hint from it.

[Dragonfund]

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.

It seems your predictions didn't follow the market movements, this is why I always make sure that I put not a financial advise at the end of my every statement.
In my opinion, I still think we will go side ways and when whales have enough accumulation, they will punk back the market and leave the bears at trap, this is how bitcoin has been doing lately but this pump will come in January  I think. We may even go brrr when US print another excessive dollars.

[Fredomago]

I do think that one factor that must be considered is the time of the season. It is almost Christmas and I have a gut feeling that most people are withdrawing and cashing out their investments given the current circumstances of the world. In addition to the new variant, this also affected the price that led to most people liquidating their cryptocurrencies. I checked the price and almost all cryptos had their price dropped with an all-time low this year.

Very likely, there are traders and investors who already preparing for the holidays. They are cashing out their funds to use for this upcoming Christmas. Some may already buy gifts and foods for celebration.

To be honest, this is a good opportunity for investors to purchase more for long-term HODL. Maximize profits by investing into this price in order to have your investments mature overtime.

Good opportunity for long-term holders. The chance to see more falling value is still there, make sure to have a good mindset before
you invest your money.

Do your DYOR it's very important!

[tyz]

I think it was a bear trap. Several factors speak for this.
First of all, the Fear and Greed Index is slowly rising again. Fear is giving way and greed is slowly coming back. In addition, potential interest rate hikes by the central banks are now priced in, both in the crypto space and in the equity space. Even if many do not want to admit it, but the Bitcoin price or crypto prices also depends very much on the stock market and the policy of central banks.

[ultrloa]

When the market goes down like this is the point to test who is got patient enough to stand the sight of investment going down, I think this month is not very friendly with crypto, some people are still very optimistic about the market not in bear season, alts are taking a blow right now, today it seems the marker is coming back slowly, maybe the crypto experts can tell us if we are in a bull trap or just the market reacting to the new covid variant news.

These happen every year so its not surprising plus there are manipulators use some issues just to create huge fear to the people and we should watch that since their are certain indicators which tells us that its good to buy at certain point that's why we need to watch how the market starting to move after we see this upsetting bear strike showing to us recently. Maybe they would tell about the situation but expect that many will hype since there are few want to recover back or want to earn again.

[perfect999]

When the market goes down like this is the point to test who is got patient enough to stand the sight of investment going down, I think this month is not very friendly with crypto, some people are still very optimistic about the market not in bear season, alts are taking a blow right now, today it seems the marker is coming back slowly, maybe the crypto experts can tell us if we are in a bull trap or just the market reacting to the new covid variant news.

I don’t really think that this is something that has to do with the new covid19 variant. Easier to say that it can be anything, so does that also mean that the other times that the market has gone down as well around last month, that it was also because of the same thing? Because the new variants of covid19 wasn’t announced this month, it was announced some few months back, and maybe it might have affected the market then, but not now.

I just feel that this is the regular up and down movement or price fluctuation. It’s just with time and the market will gather itself back and go up again. At least we have gotten back to $50,000 now as I write. So, with time it will still increase.

[TheUltraElite]

I just feel that this is the regular up and down movement or price fluctuation. It’s just with time and the market will gather itself back and go up again. At least we have gotten back to $50,000 now as I write. So, with time it will still increase.

A sell-off has been happening since last week and we are seeing prices below 50k a lot more frequently now. It is not a bear trap but a bearish trend indeed. We did see a long time in the 50-60k USD range and this is the correction that happened after that stagnation. Possible that bulls turned bearish and sold off coins to recover their investment while other bulls are still supporting at 48k USD.

Whatever be the reason, lets not jump into the easy conclusion of a new variant causing changes in prices. World monetary policies and bank policies have an effect and it can be due to certain countries having more stringent stance towards crypto as of now.

[judaspriest]

When the market goes down like this is the point to test who is got patient enough to stand the sight of investment going down, I think this month is not very friendly with crypto, some people are still very optimistic about the market not in bear season, alts are taking a blow right now, today it seems the marker is coming back slowly, maybe the crypto experts can tell us if we are in a bull trap or just the market reacting to the new covid variant news.

I don’t really think that this is something that has to do with the new covid19 variant. Easier to say that it can be anything, so does that also mean that the other times that the market has gone down as well around last month, that it was also because of the same thing? Because the new variants of covid19 wasn’t announced this month, it was announced some few months back, and maybe it might have affected the market then, but not now.

I just feel that this is the regular up and down movement or price fluctuation. It’s just with time and the market will gather itself back and go up again. At least we have gotten back to $50,000 now as I write. So, with time it will still increase.

Seeing that there is a new variant of covid 19 which now doesn't seem to cause panic like before,
so I don't think it has any impact on current market conditions,
even so we need to analyze it more deeply whether this is just a fluctuation or not

[Alisha FR]

I don't think so, are you new to investing in BTC in the short term and just getting started. if just starting to invest, we can say we are stuck in it, BTC is being corrected. for me this is very reasonable, because it has long been pumped and touched ATH. for investors who have held on to before the BTC pumped up, this is the last remaining opportunity to take profits.

[andriarto]

When the market goes down like this is the point to test who is got patient enough to stand the sight of investment going down, I think this month is not very friendly with crypto, some people are still very optimistic about the market not in bear season, alts are taking a blow right now, today it seems the marker is coming back slowly, maybe the crypto experts can tell us if we are in a bull trap or just the market reacting to the new covid variant news.

I don’t really think that this is something that has to do with the new covid19 variant. Easier to say that it can be anything, so does that also mean that the other times that the market has gone down as well around last month, that it was also because of the same thing? Because the new variants of covid19 wasn’t announced this month, it was announced some few months back, and maybe it might have affected the market then, but not now.

I just feel that this is the regular up and down movement or price fluctuation. It’s just with time and the market will gather itself back and go up again. At least we have gotten back to $50,000 now as I write. So, with time it will still increase.

Seeing that there is a new variant of covid 19 which now doesn't seem to cause panic like before,
so I don't think it has any impact on current market conditions,
even so we need to analyze it more deeply whether this is just a fluctuation or not

If you look at this latest variant, it has properties that are easy to spread or transmit, but it is not as dangerous as before. I don't think it will affect the cryptocurrency market too much, it's just that the market is bleeding right now and this is triggered by negative news from America, and of course China also does it, especially bitcoin has reached a new ath, of course it needs correction

[Taskford]

When the market goes down like this is the point to test who is got patient enough to stand the sight of investment going down, I think this month is not very friendly with crypto, some people are still very optimistic about the market not in bear season, alts are taking a blow right now, today it seems the marker is coming back slowly, maybe the crypto experts can tell us if we are in a bull trap or just the market reacting to the new covid variant news.

I don’t really think that this is something that has to do with the new covid19 variant. Easier to say that it can be anything, so does that also mean that the other times that the market has gone down as well around last month, that it was also because of the same thing? Because the new variants of covid19 wasn’t announced this month, it was announced some few months back, and maybe it might have affected the market then, but not now.

I just feel that this is the regular up and down movement or price fluctuation. It’s just with time and the market will gather itself back and go up again. At least we have gotten back to $50,000 now as I write. So, with time it will still increase.

Seeing that there is a new variant of covid 19 which now doesn't seem to cause panic like before,
so I don't think it has any impact on current market conditions,
even so we need to analyze it more deeply whether this is just a fluctuation or not

If you look at this latest variant, it has properties that are easy to spread or transmit, but it is not as dangerous as before. I don't think it will affect the cryptocurrency market too much, it's just that the market is bleeding right now and this is triggered by negative news from America, and of course China also does it, especially bitcoin has reached a new ath, of course it needs correction

This will not totally affect the whole crypto market and people are just exaggerated to relate this in the market, also some other manipulator just use this so that they can add up to the crash happening that's why we shouldn't believe always on what we read since we also need to know if there's relation on the events before things to happen.

[Fredomago]

This will not totally affect the whole crypto market and people are just exaggerated to relate this in the market, also some other manipulator just use this so that they can add up to the crash happening that's why we shouldn't believe always on what we read since we also need to know if there's relation on the events before things to happen.

Very important to balance all this information before you take your side, decisioning your position. Many failed because of following the current trend, unknowingly that there is manipulation behind, assess and observe if the current events are really related and if you think that there're connections, best to have backup plans when doing your next step.

Your action is always important. Do your best before taking your call.

[Quidat]

This will not totally affect the whole crypto market and people are just exaggerated to relate this in the market, also some other manipulator just use this so that they can add up to the crash happening that's why we shouldn't believe always on what we read since we also need to know if there's relation on the events before things to happen.

Very important to balance all this information before you take your side, decisioning your position. Many failed because of following the current trend, unknowingly that there is manipulation behind, assess and observe if the current events are really related and if you think that there're connections, best to have backup plans when doing your next step.

Your action is always important. Do your best before taking your call.

Back up plans is a must and ive been having this kind of behavior when i had started trading because not all the times your initial analysis would really work out which means that you would really be needing to have some other strategies to make out decisions which would
really be putting you on those recovery or able to patch up situations which a thing must have when you do engage with trading.
This isnt something that be simple and of course it would need take lots of experience and considerations.

[sulendra12]

I think it was a bear trap. Several factors speak for this.

I mean it's everytime on this month the same exact situation always happen. I'm not surprise when the price is corrected at that point it will pump again later on early 2022 hopefully. Also with stuff such as influencer tweets,  China takes on crypto related stuff makes an impactful move to cryptocurrency in general. It's up to you if you would like to stay or not, It's just a quite normal situation we have experienced especially at the end of the year.

[Ngemmeng]

I don't think so, are you new to investing in BTC in the short term and just getting started. if just starting to invest, we can say we are stuck in it, BTC is being corrected. for me this is very reasonable, because it has long been pumped and touched ATH. for investors who have held on to before the BTC pumped up, this is the last remaining opportunity to take profits.

the only thing we can do when we are caught in a bull trap is to hold on because the price of bitcoin will recover and you avoid losses. but what often happens is that when caught in a bull trap many new investors panic and think bitcoin will soon enter a bearish phase, to avoid bigger losses they decide to cut loss.