Alt market today

[Pterosaur]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap? What are we looking at here? To me it looks like the market keeps going down.

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[isukcole]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap? What are we looking at here? To me it looks like the market keeps going down.

BTC is still attempting to push higher, and optimistic mood is beginning to resurface, with a recent string of higher lows supporting the notion that a new effort at resistance will be successful shortly. Also believe ETH could be back on track soon, there's divided opinions always but i'm stick with defis to farm and stake some incomes.

[tyz]

Well my personal opinion is that the market is holding up very well given the current circumstances. There would be so many reasons right now that the crypto market should be crashing (including the Ukraine war, global money printing being cut back, inflation, etc), but it's not. To me, that gives me hope that the market could quickly rise again as soon as the risk factors diminish a bit.

[sulis sudibyo]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap? What are we looking at here? To me it looks like the market keeps going down.

most likely this is a trap. the past few weeks our focus has been on russia-ukraine to the point of forgetting that the FED will announce a rate hike in a few moments. You know if this goes according to people's expectations there should be a negative effect because of this, but in fact the price of bitcoin is strengthening. so I think it's like a trap before the crash.

[JeffBrad12]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap?

I would like to call that a possible bulltrap but im not sure about this as im not so expert in predicting the market. It's caused by the bitcoin market is very volatile at this moment. It can be seen from the flash pump that happened yesterday. So i do believe if this pump is a possible bulltrap but i hope my prediction will not true.

What are we looking at here? To me it looks like the market keeps going down.

It's maybe you but i think it's still unpredictable and why? it's caused by the 1 d candle of bitcoin is not giving a clear direction about where bitcoin will be going on. As far as i can see that if bitcoin will be going up but it seems like the support is not strong enough to break another resistance. We need more than a miracle to see this happens. I hope the miracle will come soon.

[passwordnow]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap?

No one knows.

What are we looking at here? To me it looks like the market keeps going down.

Well, this day is just a prove that we're green and the market isn't down. With all of the analysis that I've read last week, majority of those analyses are containing and telling that we're about to go with a bull run. Who knows? they're also speculators in the market but they have a basis and pattern. Although that's not a financial advise but with what I've seen with those sources, hopefully that's a good sign.

[masterrex]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap? What are we looking at here? To me it looks like the market keeps going down.

Mate don't just be fooled by numbers just look around and you see most of all markets and trading globally has been affected by the war on Ukraine and Russia so I think that's premature to think that it was a bull trap the market is always working like that and its normal.

Petrol prices are rising globally and because of that it can also affect the prime commodities too like foods and other utilities and the crypto market is not insulated to that negative impact of that said war thats why be careful and don't be fooled by those indicators.     

[shinratensei_]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap? What are we looking at here? To me it looks like the market keeps going down.

You are asking others who have no clue about the market too. That doesn't make sense if people can predict it accurately. As far as i know the bull trap can sometimes occur in the market. The market is bullish right now and it seems like the accumulation period for the whales almost ended and we may go up from here. Im feeling bullish but i can't be sure if this will be real caused by the sentiment can change anytime based on the global market.
Even when you are saying the market looks going down right now but it can go up just like when whales are pumping bitcoin. I hope that this time will not become another bulltrap again.
That's enough to see that if we have so many bulltrap that already happened since last week.

[kojektea]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap? What are we looking at here? To me it looks like the market keeps going down.

I believe that bitcoin is currently doing a test to break through the next resistance if it succeeds in several stages then bitcoin is declared a positive market or we are already in a bull market. But, currently bitcoin is only going up to break the first resistance, although of course there will be other movements as well from other altcoins, it does not rule out bitcoin will still go down because the bull market has not been confirmed until now.

[evilgreed]

               This is actually pretty good. Too bad only a few altcoins are recovering and we don't that much of a momentum yet. Now about this being a bear trap or a bull trap, we can never really tell with all the crap that is happening around the globe. Best option for now is to stay on spot. And if you really wanna do some leverage trading, keep yourself on lower timeframes and on low leverage. The variables are real and no technical analysis will save you when things go to shit in the economy. Not unless you prepared stoplosses.

[ZaMRoneY]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap? What are we looking at here? To me it looks like the market keeps going down.

The trend line has been in a very slow uptrend for a while now and we're already down bad from previous ATH's it's more likely that BTC and everything is about to explode with it. But as for alts today i see most of the movement in the gaming niche of crypto. I've been keeping a close eye on $ENGN and i'm thinking about starting to invest into it slowly their plans for the future of crypto gaming are quite innovative. Plus i was wondering if anyone has heard of #Lunafi they're a gambling project that plan to make their own casino in the metaverse. Really interested to hear your guys thoughts on them.  

[Reid]

Well it went to $44k just weeks ago so I won't consider anything for now.
Time of the year where there is a pandemic, a war, and economy from different parts of the world are giving us a problem due to expensive rates of literally anything.
I don't think there will be more people having the thought of investing in BTC or altcoins if their pockets have gone dry.
Just be patient for now and if everything goes right we might see a bull in a couple of years.

[TopT3ns]

Drastically bitcoin have higher and lower although success break out from $39,600 become $41,700 but after few minutes bitcoin success reach higher price than drop suddenly on the lower price before, I see have whales try to make bitcoin change suddenly pump and dump and looks they try with future trading way because most profitable when have situation bitcoin price drop and pump suddenly. I see change of bitcoin price almost $2,000 today but not existing after few minutes raise up bitcoin price back drop and now stuck only on $40,500.

[AnonBitCoiner]

Today market is fully green all coins are 2-10% up. GMT shiw amazing rally with 90% up. stocks are down so goes to crypto. The market is tanking I guess i bought my coin late due to FOMO but I'm gonna hodl till it pumps while still  mining Eth before it goes POS.

[hyudien]

Do not consider it a trap, because Bitcoin is not a shitcoin that traps investors to lose. So no traps even if the price goes back below $40K though. Because you will have long term benefits. We believe that no matter how bad the speculation out there has lately been used as a weapon in saving inflation, the fact is that when the war is still ongoing fiat currency weakens, then only Bitcoin gives the option to keep its value. Do not be taken in by temporary market sentiment, because you will only be easily fooled. So drop money in Bitcoin on a regular basis, because that's where various advantages can be seen.

[fzkto]

Do not consider it a trap, because Bitcoin is not a shitcoin that traps investors to lose. So no traps even if the price goes back below $40K though. Because you will have long term benefits. We believe that no matter how bad the speculation out there has lately been used as a weapon in saving inflation, the fact is that when the war is still ongoing fiat currency weakens, then only Bitcoin gives the option to keep its value. Do not be taken in by temporary market sentiment, because you will only be easily fooled. So drop money in Bitcoin on a regular basis, because that's where various advantages can be seen.

Bitcoin is also sometimes manipulated, and bear and bull traps have often occurred. And now there is no guarantee that we are not in a trap. The FRS have raised interest rates for the first time since 2018. And after this news the whole cryptocurrency market started to rise. It seems strange, considering that this event should have no impact on cryptocurrencies. So we can assume that the rise now could easily turn out to be a bear trap.

[lobo13hf]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap?

Im not sure about bulltrap. This time the pump looks so different compared with last pump that has become a bulltrap for anyone and liquidate a lot of people. This time bitcoin is even stronger than before. This can be seen from how bitcoin was able surpassing 40k again and i think that there was no bearish or bull trap. These are not happening again. The crypto market is on the right time to increase again after a huge dump from the ATH.

What are we looking at here? To me it looks like the market keeps going down.

We are looking for the strongest support to crypto market. Bitcoin is also loosing for the good situation like this time to be able to increase again. The market is not going anywhere. The patter is showing if it will be going up soon.

[TelolettOm]

After being sideways several days ago, the market seems to have a good trend today. Some altcoins are following the good movement of Bitcoin to rise up. But, some altcoins are still doing it hard to rise up.
But, we must still stay wise and ready for every possibility that will happen in the next day. We know that the market is still not stable, moreover seeing the current condition in this world, something bad happen there.
For some reasons, we are very happy that finally, Bitcoin can reach above $40k again, but the price keeps changing and maybe will be dropping again. So, we can use and utilize every chance to get profits only, not expecting too high price enough

[Jaered]

Look around you. We are in war times. Its a bloody bear trap. Soon as btc gets to 40k, watch as the bears come rushing back to snap us out of our dream

[Republikcoin.com]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap? What are we looking at here? To me it looks like the market keeps going down.

It's not forever that the market will decline although what it looks like now may be more in the direction of the decline, but it also won't last long now because the number of investors entering the market is so large that the decline and increase can occur several times a year and this is conditions are very different from the past, so don't worry if you still hold the good coins for now.