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Author Topic: Are we in a bear trap?  (Read 838 times)
LUCKMCFLY
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January 14, 2022, 01:53:17 PM
 #141

What catches my attention is the amount of falls that BTC has had, at Christmas it was found that it did not rise in price, now what I can intuit is that this 2022 will come with everything, maybe for the first quarter of this year we can see finally that new ATH, the bear trap is still latent and every time sounding better, many have been lowering their orders in LONG and are positioning themselves in Short, it will be that the bears are achieving the task? In any bullish trap there are always many aspects to take, of course now they have on their side the fact that we are in the middle of a pandemic and they can take advantage of this to generate panic.
The thing is, we are not even sure whether what you said is going to be right for 2022. December of 2021, there were so many analysis that we would see further increase in the price of bitcoin reaching $100,000 and a lot of us waited to see that happen, but all the days of December passed and we never saw any increase at all, rather the values continued to decrease. Then there have also been another analysis that 2022 will be the year for altcoins, and not for Bitcoin. So, that’s to show that nobody really knows. Although I feel that we have already seen the bullish trend for Bitcoin take place last year, and I am not really looking forward to another increase this year.
You are right, the truth was that I had put that hope because in March and April 2021 the price improved a lot, they also began to do the analyzes based on PlanB with their S2F model that ensured that that 2021 would go up to at least $ 100k, later the Analysis of Wall Street people assured that the price would reach at least $ 150k, so all those statements many expected the price to be at those levels, but the logic indicated that everything pointed to that path, which was not taken in The point is that whales tend to do the opposite of what the masses think, and that's where everything went down, sometimes it is difficult to determine which is the correct path, a whole Fundamental and Technical Analysis must always be taken into account and when you think about what whales can do according to the current situation, and that is difficult to determine.

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January 15, 2022, 05:50:13 AM
 #142



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.

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yes now we are going into the bear situation cause the BTC market is not good some good news and some bad news trying to make the market crash so I agree with your statement we are in a critical moment and we are waiting for good something.
Smitty Werben Man Jensen
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January 15, 2022, 09:39:39 AM
 #143



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
yes now we are going into the bear situation cause the BTC market is not good some good news and some bad news trying to make the market crash so I agree with your statement we are in a critical moment and we are waiting for good something.
With such conditions, what is needed is that we must remain calm,
conversely when we panic then it will make the condition worse,
so better be patient and wait for the good news about the market

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January 15, 2022, 10:33:57 AM
 #144



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
yes now we are going into the bear situation cause the BTC market is not good some good news and some bad news trying to make the market crash so I agree with your statement we are in a critical moment and we are waiting for good something.
With such conditions, what is needed is that we must remain calm,
conversely when we panic then it will make the condition worse,
so better be patient and wait for the good news about the market

Even if we are calm but if there are huge number of people getting panic on the situation then we cannot avoid to encounter these scenarios but what good to do there is we need to take action if the worse case scenario came since we know bitcoin will bounce back and we need to buy while everyone is in panic since mostly this is the scenario where the whales start to accumulate and we need to ride with them. Only panic sellers will lose on this market condition and the smart traders will earn huge bounty once bullish condition starting to occur.

R


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