A little profit for $17k+ buyers

[Zilon]

Bitcoin from Saturday 18 june 2022 with bitcoin price at 17,749 kept rising and after moving up from $18k to $20k has been fluctuating around $20k+ and as at yesterday 17th of july price rose to $21k and today 18th july it is hanging above $22K. Is this another fake bull or bull trap by the market is it late to buy since the price has reached a resistance zone or is the risk still worth taking remember never buy high

for me i am seeing a fake bull what are you seeing


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[Poker Player]

Is this another fake bull by the market is it late to buy since the price has reached a resistance zone or is the risk still worth taking remember never buy high

for me i am seeing a fake bull what are you seeing


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As I see it, the price is not high at these levels, so it is a clear buy zone. Besides, I don't know what you mean by fake bull. I think we are going to stay in the $17k-$30$ zone for a few months at least. I wouldn't call it a fake bull if it goes up a little bit now and then goes down. More like normal oscillations within a kind of sideways after reaching the bottom.

[mk4]

If I were to guess, it's a relief pump just to balance out the over-bearishness. People have been racking up so much leveraged shorts that they needed to be taken out first.

With that said, looking at price pumps at the previous bear market, something like $30k for the short term-mid term isn't impossible. Probably a good temporary long position.

[Charles-Tim]

It is very possible that it is just a bull trap. But be it bull trap or not, if you want to hold for long, you can buy bitcoin now, hold it for long like 3 years and you will make profit.

Only swing traders can be affected if they buy. But no one knows if the price will increase more before the price will decrease again but better to be on the safer side if not investing for long.

[Bttzed03]

The topic is probably better discussed by day traders. It's only them who would say price is high at this time or late to buy because they buy/sell on certain timeframes. As for me, it's still a long way to go before we start talking about fake bull. I think what you're seeing right now is just a part of the market moving sideways until the next bullrun. It's not too late to buy at these prices.

[hugeblack]

We can say that the price rose if it broke the resistance barrier, which is represented by levels above 23.4K, something that has not happened so far.
So what is happening is that the price is moving in the price range from 17.1k to 23.2K, and it did so several times and was unable to break that barrier.
Therefore, if we do not succeed in rising, we will witness a correction in the price, but it is difficult to predict its amount.

[blockman]

Is this another fake bull or bull trap by the market is it late to buy since the price has reached a resistance zone or is the risk still worth taking remember never buy high

for me i am seeing a fake bull what are you seeing

Fake or not, these moves are normal for bitcoin. We intend to see these traps that just happen to liquidate the shorts and then the actual short is about to come once everyone has been squeezed already. And about being late to buy, you're the only one that can answer it because you're the one who's got the plan to hold for long or not. So if you're short then when it's up, you shouldn't buy it. But if you don't mind holding for long then you'll just do what you usually do and that's to buy until the real bull run comes.

[YOSHIE]

for me i am seeing a fake bull what are you seeing

I am more inclined towards external factors, I believe the current soaring Bitcoin price includes individuals, it seems as if they have a selfish nature, for individual interests.

Considering the current crypto market is a little hard to predict, what I see today is a little slow moving, not the same as the real fortress market, a lot of crypto today is in the opposite direction.

I honestly don't believe the current stronghold market can change the crypto market as a whole be it a new ATH or a growing market, which I believe is a disaster and will cause a conflict of panic for those who haven't bought Bitcoin at this time.

[Luzin]

If I were to guess, it's a relief pump just to balance out the over-bearishness. People have been racking up so much leveraged shorts that they needed to be taken out first.

With that said, looking at price pumps at the previous bear market, something like $30k for the short term-mid term isn't impossible. Probably a good temporary long position.

It may be fake bulish, but I agree some weeks we have a price drop and some days we go sideways. So it is natural that if there is a price increase, the disposal has saturated its time to collect again. I think we should look tomorrow for confirmation of whether it will be able to break through the 22,500 price high after the bearish phase.
Perhaps if it manages to appear cndle confirmation bulish the next price may be around $28k. But stay alert bearish waves can still occur, be careful with fake rebounds, maybe you are safe if you use the Stop loss feature.

[ChrisPop]

This remains to be seen...

If you are conservative trader you should generally wait for confirmation. A candle close above ~$22.5k preferably with decent volume would be a signal for me that we are ready to move to the next resistance - perhaps the $28k level. But the type of confirmation you wait for (horizontal break, ema intersection, stochastic cross, etc.) should be subjective to your own trading strategy.

[Finestream]

Bitcoin from Saturday 18 june 2022 with bitcoin price at 17,749 kept rising and after moving up from $18k to $20k has been fluctuating around $20k+ and as at yesterday 17th of july price rose to $21k and today 18th july it is hanging above $22K. Is this another fake bull or bull trap by the market is it late to buy since the price has reached a resistance zone or is the risk still worth taking remember never buy high

for me i am seeing a fake bull what are you seeing


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I guess the bear season is not yet over, and all we have right now are just signs of price fluctuations that could only end up to another bull trap. So do not expect much while bitcoin is even hard to sustain its $21k-$22k price range. But one thing is certain, those who have bought bitcoin below $20k have been making small profits already, that is if they are now selling. But it would create a bigger profits in the next couple of months if they prefer to hold more their bitcoin.

[Hyphen(-)]

Bitcoin from Saturday 18 june 2022 with bitcoin price at 17,749 kept rising and after moving up from $18k to $20k has been fluctuating around $20k+ and as at yesterday 17th of july price rose to $21k and today 18th july it is hanging above $22K. Is this another fake bull or bull trap by the market is it late to buy since the price has reached a resistance zone or is the risk still worth taking remember never buy high

for me i am seeing a fake bull what are you seeing

I am not sure this is a sign for Bull run now because this cryptocurrency market has been like this a very long time now, since the beginning of the year the market was never stable. Right now, the Bitcoin price has dropped bellow $22k now, I also its a fake bull.

[GeorgeJohn]

Bitcoin price is taken a drastic step of increment, because since  two weeks now, bitcoin price is increasing and moving higher and higher, so therefore i think that nineteen thousand (19k) and within Same week bitcoin price increase to twenty thousand (20k) and currently we experienced twenty one thousand (21k) and twenty two thousand today (22k) which i believe that since the bull run have started it will continue to run.

[barbara44]

Btc price now was at 22.2k and if they bought at 17k then I think the profit that they are getting isn't really considered as small especially if they bought a lot of coins. You will think that this was another bull trap because this same scenario have happened many times now but we can't always be like that so I think that this one is serious now and this can be an indication that the bull run is starting.

Whatever direction we are heading with, anyone is still welcome to buy because for me, 22k is still a good value. I don't consider this as a high price but if you think it is and you think there are still another dip to come then you are also welcome to wait.

[Rufsilf]

Every pump that the market does will eventually give us the chance to make a profit. Even if it was only a $100 increment, that is still a profit and a smart trader will simply take that opportunity rather than wasting their time waiting for a huge pump which is likely impossible to happen this time. At this bearish time, we need to be more strategic enough in order to survive in trading, or else, we just put everything on hold and stop doing this.

[palle11]

I think what is happening in the price of bitcoin is correction from the bear the price has witnessed since the past three months. The price kept dropping from $40k and hanged around $30k for a long time before seeing the down of $20k . So right now with the little move up we can still see it more in the week before the bear comes back because the price is likely to stay down till we approach next halving.

[Mahanton]

Every pump that the market does will eventually give us the chance to make a profit. Even if it was only a $100 increment, that is still a profit and a smart trader will simply take that opportunity rather than wasting their time waiting for a huge pump which is likely impossible to happen this time. At this bearish time, we need to be more strategic enough in order to survive in trading, or else, we just put everything on hold and stop doing this.

This is true and we know that there are different types of traders whether its a long term holder or short time or active traders which these movements are indeed relevant for them to make some action.
For those who do able to get in even on just 19k price few days ago on where making profits on the current price is definitely still a solid one since we are already 23k+ as of this writing which
isnt bad for a profit right? For those who had accumulate for long term then these movements wont really be that much of an issue thats why i have said that there are different types
which would end up on different dealings and decisions to be made whenever the market do make out some positive movement.

[Russlenat]

Bitcoin from Saturday 18 june 2022 with bitcoin price at 17,749 kept rising and after moving up from $18k to $20k has been fluctuating around $20k+ and as at yesterday 17th of july price rose to $21k and today 18th july it is hanging above $22K. Is this another fake bull or bull trap by the market is it late to buy since the price has reached a resistance zone or is the risk still worth taking remember never buy high

for me i am seeing a fake bull what are you seeing


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Looking at the current price for bitcoin, its very obvious that those who bought bitcoin before are profiting already, only if they decide to sell. Well, there's no wrong in selling early as long as you never sell for a loss, and the hope that you'll buy back again once bitcoin turns cheaper again. However, i am not certain with the current price surge because anytime it could drop again and end up as a bull trap. So to avoid regrets, might as well let's continue to hold our bitcoin and only sell them if the market bull run has totally appear.

[Oceat]

I think what is happening in the price of bitcoin is correction from the bear the price has witnessed since the past three months. The price kept dropping from $40k and hanged around $30k for a long time before seeing the down of $20k . So right now with the little move up we can still see it more in the week before the bear comes back because the price is likely to stay down till we approach next halving.

So basically what you are saying was it's all just a bull trap hoping someone would dump or let's just say to remove the weak hands. Well, that's what I'm feeling right now since in the past a trend like this would not end just like what happens when there's a bull run and since we are in the bear market already there's a huge chance that this will not continue to pump as the others expected. So it's a limited pump that soon would perish once dumpers took it all just for the sake of profit. Well, if they did that then a decline happens they could just buyback again.

[kamvreto]

I think what is happening in the price of bitcoin is correction from the bear the price has witnessed since the past three months. The price kept dropping from $40k and hanged around $30k for a long time before seeing the down of $20k . So right now with the little move up we can still see it more in the week before the bear comes back because the price is likely to stay down till we approach next halving.

So basically what you are saying was it's all just a bull trap hoping someone would dump or let's just say to remove the weak hands. Well, that's what I'm feeling right now since in the past a trend like this would not end just like what happens when there's a bull run and since we are in the bear market already there's a huge chance that this will not continue to pump as the others expected. So it's a limited pump that soon would perish once dumpers took it all just for the sake of profit. Well, if they did that then a decline happens they could just buyback again.

those are some manipulations by the whales, the market will not continue to pump, it is possible that a bull run will also occur while the market is still in a bear market.
We as small traders can only follow market trends that occur. The current high of btc is in the $23,600 area, buying at $17k and holding it until now will certainly benefit a lot. Sell ​​some for profit and hold it for the long term.

[worle1bm]

Yeah at this time there is little profit for those who have invested above $17k also but not too much as the price volatility is there and any FUD can divert the prices low so we could see panic sell again.

For example if someone has invested $100 at $17500 he would have 0.00571BTC and now prices are above $23K so his investment is already up with profits so holding definitely pays off.

[South Park]

I think what is happening in the price of bitcoin is correction from the bear the price has witnessed since the past three months. The price kept dropping from $40k and hanged around $30k for a long time before seeing the down of $20k . So right now with the little move up we can still see it more in the week before the bear comes back because the price is likely to stay down till we approach next halving.

So basically what you are saying was it's all just a bull trap hoping someone would dump or let's just say to remove the weak hands. Well, that's what I'm feeling right now since in the past a trend like this would not end just like what happens when there's a bull run and since we are in the bear market already there's a huge chance that this will not continue to pump as the others expected. So it's a limited pump that soon would perish once dumpers took it all just for the sake of profit. Well, if they did that then a decline happens they could just buyback again.

It is very likely that what we are witnessing is in fact a bull trap, but that is something that should only concern traders, if you are a long term investor buying right now is the right decision, is it true that there was an opportunity to buy for cheaper not that long ago? That would be true, but it doesn't matter, what matters is that people get their bitcoin now because if they refuse to do so then they really have no right to complain once the next bull market comes and they find themselves without enough coins to take advantage of it.

[gunhell16]

Bitcoin from Saturday 18 june 2022 with bitcoin price at 17,749 kept rising and after moving up from $18k to $20k has been fluctuating around $20k+ and as at yesterday 17th of july price rose to $21k and today 18th july it is hanging above $22K. Is this another fake bull or bull trap by the market is it late to buy since the price has reached a resistance zone or is the risk still worth taking remember never buy high

for me i am seeing a fake bull what are you seeing


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A few days ago I noticed that the price of Bitcoin was rising gradually but its increase did not have such a strong impact on the market because its price was playing between 20k $ to 23k $ plus and now it is in over 24k$. Then according to your question, it doesn't matter if the Bull season is coming or maybe it's just a Bull trap, I think the person who is determined to hold on to bitcoin for a long time will definitely buy as much as he/she can buy it while it's low in his eyes, that's how simple it is.

And today’s market movement in Bitcoin was so volatile, it’s a bit hard to read that even an expert in this field of crypto trading is having a hard time because of how unpredictable the price tag really is. If someone has already bought 17k$ each bitcoin, it is obvious that at least this trader will have income if he sells it at the price that bitcoin now has. But if you are a long term holder, you will always not sell it, instead you will hold on to it for a long time, it depends on you when you sell.

[virasisog]

Now the price of bitcoin has reached $ 24k and those who buy at $ 17k can get a profit of more than 40%, of course, this is a large profit, I bought the cheapest bitcoin at the price of $ 20560 and have received a profit of more than 15%, unfortunately, I only bought with a small amount of only $ 1200.

Bitcoin's volatility is top high nowadays. Some people even listened to FUD. But no matter how big or small the profits that we gained from Bitcoin's volatility, profit is still a profit and it's something that we should be grateful for. As long as we bought at a low price and sell it during a good recovery price, I guess that's still the right decision. I bought BTC at $20K and still holding it until I reach a good value. We all have different goals.

[Zilon]

Now the price of bitcoin has reached $ 24k and those who buy at $ 17k can get a profit of more than 40%, of course this is a large profit, I bought the cheapest bitcoin at the price of $ 20560 and has received a profit of more than 15%, unfortunately I only bought with a small amount of only $ 1200.

Did you bother checking the candle formed after the price reached $24k and did you also pay attention to how the bears pushed back price down after the price hovered around $24k for a while. This is the fake or bull trap i was referring to. I knew a fake breakout will definitely occur making investor believe the Bulls have taken charge then boom price will start dropping again

[stomachgrowls]

Now the price of bitcoin has reached $ 24k and those who buy at $ 17k can get a profit of more than 40%, of course this is a large profit, I bought the cheapest bitcoin at the price of $ 20560 and has received a profit of more than 15%, unfortunately I only bought with a small amount of only $ 1200.

Did you bother checking the candle formed after the price reached $24k and did you also pay attention to how the bears pushed back price down after the price hovered around $24k for a while. This is the fake or bull trap i was referring to. I knew a fake breakout will definitely occur making investor believe the Bulls have taken charge then boom price will start dropping again

Not really bears but it is really normal that there's really some pushing back of price because whenever the market do make out some percentage pumps or increase in price then you could really see
some sell off into those points specially on shorters which it would really be normal for prices to be pushed back and thats not a surprising or shocking thing to happen on this market and also
people shouldnt presume that this might be the start of bull run or trend change.Yes, it could be possible but always mind off about those probabilities of pullbacks.

A little profit it might be but we know that profit is a profit and this is what people do always mind off and its not really that right to have behavior or rushing up things.

[Adbitco]

There is always a chance to buy if you wishes so buying $22k doesn't make you a looser. Yesterday the market gets to +$24k and I know there are some people will also come asking if they should buy at 24k while there are people who bought at $56k, and $68k using this medium to cover up their loses.

[Natalim]

Buying at $17k and then sell them at $23k plus is already a big profit (just for me).
I'd always think that there is no perfect time to sell our Bitcoin, nor we can catch it right. However, having at least a $4k increment is somewhat huge enough, especially during this time. It is absolutely how the volatility helps us to make a profit in any condition and this is why traders never give up even during the bear season.

[CryptoHeadlineNews]

for me i am seeing a fake bull what are you seeing


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for me, am seeing a retest from the recent fall in price trying to maintain the current $20k resistance zone point, and am seeing it could take quite a long period for the price to proceed more that this, of likely a month plus, but its actually a good time to buy, thats if you wish to hodl it for a long time, but if you intend doing a short term investment you never can tell

[Findingnemo]

Forgot to check the prices for a while thanks I can feel the real peace in that time.

If someone bought at 17K and sold at 23K then yes they made decent profit but I don't see its any kind of bull trap or recovery phase just normal volatility range due to the other economic causes around the world.

[goaldigger]

Forgot to check the prices for a while thanks I can feel the real peace in that time.

If someone bought at 17K and sold at 23K then yes they made decent profit but I don't see its any kind of bull trap or recovery phase just normal volatility range due to the other economic causes around the world.

Not a real recovery yet but we are slowly getting there, we’ve seen more green candles now and that could be an indication that we might welcome the up trend again soon. If you are playing with the market since its bottom price most probably you already have a decent profit, many short traders are loving this volatility and with this one I’m sure they become more active.

[freedomgo]

If I were to guess, it's a relief pump just to balance out the over-bearishness. People have been racking up so much leveraged shorts that they needed to be taken out first.

With that said, looking at price pumps at the previous bear market, something like $30k for the short term-mid term isn't impossible. Probably a good temporary long position.

It’s more on a good pump after a long bad dumps that is happening in such a bearish market. People have stay positive all the way so I guess this kind of relief is what we deserve for. Although there is still no assurance that bitcoin won’t drop its price again, but most likely when it comes to bitcoin, its position is bound to move upward and that no one can stop it. If people are selling nowadays, they could have made less profits, but I just hope they will consider bitcoin as a long term investment.

[Viscore]

Btc price now was at 22.2k and if they bought at 17k then I think the profit that they are getting isn't really considered as small especially if they bought a lot of coins. You will think that this was another bull trap because this same scenario have happened many times now but we can't always be like that so I think that this one is serious now and this can be an indication that the bull run is starting.

Whatever direction we are heading with, anyone is still welcome to buy because for me, 22k is still a good value. I don't consider this as a high price but if you think it is and you think there are still another dip to come then you are also welcome to wait.

Bitcoin remains unpredictable in all its price movement, that is why a lot would believe that it’s another bull trap, while some are closely believing that we are already taking the next level which if bitcoin price continues to surge, we will witness another bullish market. However, this remains unproven until we finally see bitcoin close to $30k. But the good thing is those who bought bitcoin at its lower price, certainly they are profiting right now, but it will also mean more huge profits if they continue to hold.

[crzy]

Profit is profit, regardless of its amount as long as you are happy with it then that’s better.
If you bought at the price of $17k with BTC, and sell it today at the price of $22k, that’s already a good profit and probably one of your biggest profit here in the market. This is the power of buying at the bottom price, and lucky to those who catch those falling prices now they are enjoying big profit.

[DoublerHunter]

Forgot to check the prices for a while thanks I can feel the real peace in that time.

If someone bought at 17K and sold at 23K then yes they made decent profit but I don't see its any kind of bull trap or recovery phase just normal volatility range due to the other economic causes around the world.

Not a real recovery yet but we are slowly getting there, we’ve seen more green candles now and that could be an indication that we might welcome the up trend again soon. If you are playing with the market since its bottom price most probably you already have a decent profit, many short traders are loving this volatility and with this one I’m sure they become more active.

^ Short-time traders will surely make a profit by this time but not on a long-time holder who is holding their BTC for the purpose of holding them in a long term. No one really knows what will gonna happen in the market, we don't even know that the $17k was a bottom price and there is resistance after that price. For those who purchased during that time surely, there should have profit now on their portfolio.
For a long-term holder, this is not the time to celebrate because it is very early, which could be a trap for them, it would be better if you will hold a long term to see a bigger return.

[Hamphser]

Forgot to check the prices for a while thanks I can feel the real peace in that time.

If someone bought at 17K and sold at 23K then yes they made decent profit but I don't see its any kind of bull trap or recovery phase just normal volatility range due to the other economic causes around the world.

Not a real recovery yet but we are slowly getting there, we’ve seen more green candles now and that could be an indication that we might welcome the up trend again soon. If you are playing with the market since its bottom price most probably you already have a decent profit, many short traders are loving this volatility and with this one I’m sure they become more active.

^ Short-time traders will surely make a profit by this time but not on a long-time holder who is holding their BTC for the purpose of holding them in a long term. No one really knows what will gonna happen in the market, we don't even know that the $17k was a bottom price and there is resistance after that price. For those who purchased during that time surely, there should have profit now on their portfolio.
For a long-term holder, this is not the time to celebrate because it is very early, which could be a trap for them, it would be better if you will hold a long term to see a bigger return.

Some had just missed on getting in with that 17k price because they are really longing for the price to deep down further which there are even rumors or speculations on hitting 10k back which some people had stopped on purchasing or buying back when the price hit that low and now we are playing around 20k+ up price which it doesnt assure that we wont really be seeing these prices once again.
There are people who do really love to play with the price in short time and cant afford nor does have the patience on waiting up for too long thats why some people do really love to
trade in short time and playing with these moving prices and now the price had rise up a bit percentage then its not bad to sell out.

[NicNacCoin]

When the Bitcoin market went through $17,000, no one sat down and many invested in Bitcoin.But then Bitcoin stays directly between $20,000 and here but people have little profit.However, those who have invested within 17 thousand dollars have invested for the long term.Actually bitcoin market will go down like this no one ever imagined but still there are many people who are afraid to invest I will tell them don't be afraid to invest from instant market Invested.The market will definitely turn for the better soon.

[Ryker1]

When the Bitcoin market went through $17,000, no one sat down and many invested in Bitcoin.But then Bitcoin stays directly between $20,000 and here but people have little profit.However, those who have invested within 17 thousand dollars have invested for the long term.Actually bitcoin market will go down like this no one ever imagined but still there are many people who are afraid to invest I will tell them don't be afraid to invest from instant market Invested.The market will definitely turn for the better soon.

Well they will afraid if they invest in shitcoin or those meme coins but not on bitcoin --believe me you have surely gained profit on it when the time it comes and the market becomes bullish. That they called the bottom price $17k and someone predicted it will reach $13k but that did not happen. Good to see that the market now has been slowly recovering the price and a lot of people who invested their time during the downtrend, it is a decent profit if you invested on $17k while now for almost $22k the price in the market.

[The Cryptovator]

This isn't bull actually. It's called a pump. Bull and price pump aren't the same thing. Pump dump is Bitcoin behavior, so doesn't necessary to be over-excited about it. Bull is if Bitcoin strongly starts uptrend and not damp hard during pumping. So, it wasn't a Bull trap, Bitcoin suddenly get pumped and we took advantage of that. It's not like out of our hands and we can't or shouldn't buy. Because we don't know what will be the button and from where will it start the Bull run. Price still reasonable to accumulate Bitcoin.

[Findingnemo]

Forgot to check the prices for a while thanks I can feel the real peace in that time.

If someone bought at 17K and sold at 23K then yes they made decent profit but I don't see its any kind of bull trap or recovery phase just normal volatility range due to the other economic causes around the world.

Not a real recovery yet but we are slowly getting there, we’ve seen more green candles now and that could be an indication that we might welcome the up trend again soon. If you are playing with the market since its bottom price most probably you already have a decent profit, many short traders are loving this volatility and with this one I’m sure they become more active.

But when Bitcoin dropped from 60K to 45K region then it jumped again over 50K for a while so if we apply the same theory at the situation then looking at the price now you won't be saying that its good for investment right because currently the value is around 23K that is how the price dumps and bumps which is completely uncertain so everyone has to face the circumstances of their decision no matter if it is either positive or negative.

[ethereumhunter]

When the Bitcoin market went through $17,000, no one sat down and many invested in Bitcoin.But then Bitcoin stays directly between $20,000 and here but people have little profit.However, those who have invested within 17 thousand dollars have invested for the long term.Actually bitcoin market will go down like this no one ever imagined but still there are many people who are afraid to invest I will tell them don't be afraid to invest from instant market Invested.The market will definitely turn for the better soon.

If there are a lot of people who have invested in bitcoin and bought it when the price was at $17k, now they have made a profit, especially if they sell it now and wait for another low. But if they haven't sold it now, they can still see the value of their investment growing over time. But if the price of bitcoin drops sharply again, they won't be able to sell it because it means they are taking a loss. But they can still buy more bitcoins at that low price. Maybe if they are still able to wait for the bitcoin price to start rallying again to the highest price, they will definitely be able to get a big profit. The question is can they do it?

[CryptocurencyKing]

This isn't bull actually. It's called a pump. Bull and price pump aren't the same thing. Pump dump is Bitcoin behavior, so doesn't necessary to be over-excited about it.

It would be out of place to term the little price surge we experienced now as  correction to the bearish market we are very much still in a bullish trend. That's so wrong as we are very much close to the $17k deep as we have it now. It's just interesting to see that, the bulls are gradually stepping in to take a stand and push the market into a more consolidating session. Which to some extent places a hold on the minds of those whom might have panicked sold with the lots of FUD that comes with the bearish market session.
Hence, you stand to make even more profit to buy at the current $22k price if only you could afford to hold and none opportunity of buying from a low has been missed. Bear market continues and we are still in the low.

[LUCKMCFLY]

It would be out of place to term the little price surge we experienced now as  correction to the bearish market we are very much still in a bullish trend. That's so wrong as we are very much close to the $17k deep as we have it now. It's just interesting to see that, the bulls are gradually stepping in to take a stand and push the market into a more consolidating session. Which to some extent places a hold on the minds of those whom might have panicked sold with the lots of FUD that comes with the bearish market session.
Hence, you stand to make even more profit to buy at the current $22k price if only you could afford to hold and none opportunity of buying from a low has been missed. Bear market continues and we are still in the low.

If we take into account a long-term analysis this can and does seem to be a fairly strong correction, but I think that reaching levels of 48-$9k is going back to an accumulation, and this should not be ruled out, for me this from the point From the point of view of Wyckoff's theory, the fact that the price is in values above $20k and can even reach $25k is when we talk about the effort that some whales make to see how the offer is, if the offer is very strong. offer is not a good time to raise the price, but to attack with a few shorts for those weak hands to sell their btc cheap, this is some of the most common strategies.

[Kelvinid]

snipped...

If we take into account a long-term analysis this can and does seem to be a fairly strong correction, but I think that reaching levels of 48-$9k is going back to an accumulation, and this should not be ruled out, for me this from the point From the point of view of Wyckoff's theory, the fact that the price is in values above $20k and can even reach $25k is when we talk about the effort that some whales make to see how the offer is, if the offer is very strong. offer is not a good time to raise the price, but to attack with a few shorts for those weak hands to sell their btc cheap, this is some of the most common strategies.

Buying Low and Selling High is the most effective trading strategy.
Like the price presented by OP, selling it today is already a huge profit to think, having a $5000 increase I was already happy with that. And besides, it was not too long that waited for the price pumps, imagine this be going to happen monthly, the results are really profitable. But yes, we need to be wise and it is more on a strategic approach, especially in this volatile market.

[|MINER|]

~snip~

I also have the same opinion, I think bitcoin will not go into a bull-run right now.  Yes, it has been noticed that the price of bitcoin has risen a bit, but the market condition is still not so good. I think this pump has a similar view from short term, resistance levels to major market analysis.However, according to many major market analysts, the market condition is likely to recover in early 2023.

[Mpamaegbu]

for me i am seeing a fake bull what are you seeing

Well, it wouldn't be; looking at it now from hindsight that it wasn't a bull trap as price has risen above that level. By the way, buying at that level won't be a bad place even if it turns out to be a fake move. Bitcoin has given everyone enough discount if we what to consider that price once went past $64,000 and now trading below $25k. It's something to console anyone who buys now and price dips. We should quickly remember that there were investors who bought when price touched ATH last year.

[Zilon]

Well, it wouldn't be; looking at it now from hindsight that it wasn't a bull trap as price has risen above that level. By the way, buying at that level won't be a bad place even if it turns out to be a fake move. Bitcoin has given everyone enough discount if we what to consider that price once went past $64,000 and now trading below $25k. It's something to console anyone who buys now and price dips. We should quickly remember that there were investors who bought when price touched ATH last year.

It actually something to console traders at least for price  to have stayed below $25k for more than 3weeks is a signal for any possible direction from the market right now it is a strong contention between bulls and bears who will take over the trend. I think to avoid losing either ways DCA can be very useful at the moment

[salad daging]

Well, it wouldn't be; looking at it now from hindsight that it wasn't a bull trap as price has risen above that level. By the way, buying at that level won't be a bad place even if it turns out to be a fake move. Bitcoin has given everyone enough discount if we what to consider that price once went past $64,000 and now trading below $25k. It's something to console anyone who buys now and price dips. We should quickly remember that there were investors who bought when price touched ATH last year.

It actually something to console traders at least for price  to have stayed below $25k for more than 3weeks is a signal for any possible direction from the market right now it is a strong contention between bulls and bears who will take over the trend. I think to avoid losing either ways DCA can be very useful at the moment

Should be happy because the price is still under $25k and this is not strong when you want to touch it but consolation with the word discount on the price of bitcoin then traders should be able to buy a lot because they know this is the lowest price that is still getting at this time.
As for the clash between bulls and bears I don't think it will be a trend diversion at the moment just stuck from the $22k figure which should be used as a good opportunity.
Yeah DCA is a good way to do now however it is to increase our purchases with DCA.

[AakZaki]

Buying Low and Selling High is the most effective trading strategy.
Like the price presented by OP, selling it today is already a huge profit to think, having a $5000 increase I was already happy with that. And besides, it was not too long that waited for the price pumps, imagine this be going to happen monthly, the results are really profitable. But yes, we need to be wise and it is more on a strategic approach, especially in this volatile market.

Buying low sell high is a strategy that will be carried out by all traders. but is it that easy to implement? of course not. when the market continues to fluctuate as it is today, sometimes there is a feeling of dissatisfaction and wanting to get a bigger profit so they don't take the take profit action that should have been done. Emotions will also be played when the market starts to fall or the market returns to bullish. risk ratio management, money management will determine on each trade.

[yhiaali3]

Most likely this is just a bull trap, Bitcoin can't hold out long in the current rally, the market is swinging and there is not enough liquidity to support this rally, it is better to invest in the long term because the current areas are good buying areas for Bitcoin in the long term, I think maybe it will be after the next halving About two years from now.

[stomachgrowls]

Most likely this is just a bull trap, Bitcoin can't hold out long in the current rally, the market is swinging and there is not enough liquidity to support this rally, it is better to invest in the long term because the current areas are good buying areas for Bitcoin in the long term, I think maybe it will be after the next halving About two years from now.

I cant say its a bull trap because it was never been a significant move but rather its just a typical or normal day price increase on few percentages which is something that very common and i dont know on

why most people do see it as a sign of bull run or start on changing up a trend without even thinking about the probabilities that it doesnt really work on that way.Expect the unexpected yet this market

is been unpredictable since from the start which does simply means that every movement whether it would push through or would really be just having that wavy type of behavior.

[Sanitough]

Now the price of bitcoin has reached $ 24k and those who buy at $ 17k can get a profit of more than 40%, of course, this is a large profit, I bought the cheapest bitcoin at the price of $ 20560 and have received a profit of more than 15%, unfortunately, I only bought with a small amount of only $ 1200.

Bitcoin's volatility is top high nowadays. Some people even listened to FUD. But no matter how big or small the profits that we gained from Bitcoin's volatility, profit is still a profit and it's something that we should be grateful for. As long as we bought at a low price and sell it during a good recovery price, I guess that's still the right decision. I bought BTC at $20K and still holding it until I reach a good value. We all have different goals.

No one’s losing in bitcoin as long as long as you never sell at a loss. Whether you sell it earlier because you see profits already, I think that’s your own strategy wherein you are comfortable using. While others just prefer buying and hodling, it’s not also a bad idea to sell sometimes when you see profits and just buy back again as soon as the price drops more. Atleast, you are consistently making small profits the whole time.

[_BlackStar]

No one’s losing in bitcoin as long as long as you never sell at a loss. Whether you sell it earlier because you see profits already, I think that’s your own strategy wherein you are comfortable using. While others just prefer buying and hodling, it’s not also a bad idea to sell sometimes when you see profits and just buy back again as soon as the price drops more. Atleast, you are consistently making small profits the whole time.

That's right, not selling on a downturn equals you no loss because you still own the asset, but if the price goes down then I think you just lost the forecast but didn't lose the asset.

This is my mindset so far, ignore more corrections to sell but consider price corrections/ dump as reasons why we should buy. Bitcoin dropped to $17.7K a while back, but slowly and surely now the price is continuing to rise until it reaches $24K. That's the potential that's always there with bitcoin, let the price drop but maximize the opportunity to capitalize on the decline to make a profit by buying more for whatever you can afford to lose.

[Captain Corporate]

That has been me for a long time. Just because the price went down doesn't mean that I have to sell, I just end up waiting longer and longer just to profit. Price going down doesn't mean that I should sell, it only means that I could buy more and drop the avarage down and I could buy some more, and when the price goes up, I would be in profit on my initial purchase price. If you bought at 50k, and then at 20k, then your avarage is 35k, so when you are at 50k again, you will be in big profit. As long as people realize this, that means its going to be great for the price to go down, and you end up buying more.

[bhooscream]

The price is still going up and down. I believe that many people buying Bitcoin at $7 are long-term holders. They may be still holding the Bitcoin and keep them for the long term period, at least preparing for the next bullish era with a higher target of previous ATH.
But, if those are short term investors, the previous prices of $24k may be enough to take profits. This will be interesting to see up and down market currently, moreover there are some FUD again recently s that made the price of Bitcoin dropped again yesterday. Btw, we see how the market situation right now and we are usual with this situation.
Mkaing profits during this bear market is still possible although this may be not as effective as in thebullish era.
Taking profits in certain rate after buying in lower price may be worthy for those whoa re day traders or even short term investors with much money. But for me,I prefer to hold them for long term investment.

[Silberman]

That has been me for a long time. Just because the price went down doesn't mean that I have to sell, I just end up waiting longer and longer just to profit. Price going down doesn't mean that I should sell, it only means that I could buy more and drop the avarage down and I could buy some more, and when the price goes up, I would be in profit on my initial purchase price. If you bought at 50k, and then at 20k, then your avarage is 35k, so when you are at 50k again, you will be in big profit. As long as people realize this, that means its going to be great for the price to go down, and you end up buying more.

This is something so simple and yet so effective that I do not see why most people do not get it as it is something that they do all the time, for example if you saw a smartphone that you liked and it had a cost of 500 dollars and then just a few weeks later you saw it at 250 dollars you will buy it without even thinking about it, why is that the same happens with bitcoin and yet people do not have the same behavior and instead they decide to sell for a bad price?

[pawanjain]

Currently bitcoin is trading around $24k which is a good price jump from $18k. I think bitcoin will continue to increase  in price for few weeks before a correction takes place.
A correction will definitely happen because it's been more than 5 weeks that bitcoin is increasing in price every week.
So a red weekly candle is about to happen where we will see bitcoin fall back to $22k levels as per my analysis.
After than we may see bitcoin go back to the $30k level if the bulls are strong.

[kesmex]

Bitcoin price has broken out of the $22k resistance, and now the sentiment is really bullish,
in my opinion those who have bought at $18k don't sell yet, Hold until the maximum target at $30k is reached,
if the breakout of $30k it will go to $50k !

[tvplus006]

...for me i am seeing a fake bull what are you seeing

Now we already know for sure that you were mistaken when you said that a market reversal would follow. And now, when bitcoin is trading at a price of 24500, most traders see a further growth of BTC to the level of 28-30 thousand dollars.

[AicecreaME]

It could be a bull trap, or not, but it's more like a bull trap for me since it's not that long since the fluctuations happened when it hit $17,000 and now in $23,000. But if you bought 1 Bitcoin at $17,000, a $6,000 profit is a very good one, however, if you want to hold until it hits $50,000 or $60,000 it's much better and worth the time or waiting.

[rozak]

It could be a bull trap, or not, but it's more like a bull trap for me since it's not that long since the fluctuations happened when it hit $17,000 and now in $23,000. But if you bought 1 Bitcoin at $17,000, a $6,000 profit is a very good one, however, if you want to hold until it hits $50,000 or $60,000 it's much better and worth the time or waiting.

I'm sure holding it a little longer is better. we are still in a not very good market trend. when it manages to buy when the dump occurs, it is a good profit.
at least wait until ATH is reached again, it might take a while. but I'm sure I won't regret it when our investment assets continue to experience good growth.

[Rigon]

Bitcoin from Saturday 18 june 2022 with bitcoin price at 17,749 kept rising and after moving up from $18k to $20k has been fluctuating around $20k+ and as at yesterday 17th of july price rose to $21k and today 18th july it is hanging above $22K. Is this another fake bull or bull trap by the market is it late to buy since the price has reached a resistance zone or is the risk still worth taking remember never buy high

for me i am seeing a fake bull what are you seeing


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When the Bitcoin market went from dumping to around $17k those who bought Bitcoin from this position made a lot of profit in a short period of time.It briefly stayed between $17k and then the Bitcoin market moved between $21k and $22k.Here they had not much profit but a fairly good profit.And those who want to invest for long term should also invest for long term, not too long, you are expected to get better profit in next few months.

[TelolettOm]

If the amount of the Bitcoin investment is much enough, the little increase from $17k to $24k is quite interesting and worthy enough. But if we only have small amounts, I think that it is better to still keep holding the Bitcoin and use it for bullish, where the price may hit the ATH again. Here, holding will really pay, although we must keep this for long-term investment, at least, we can really enjoy the results or profits. However we don't know if the market will be better soon or not or will be dropped again. That is why utilizing every chance is a good step

[ningrum]

So far it has increased 38% from its lowest price on June 18, of course this is not a small percentage!,
because in just 2 months Bitcoin can recover quickly.
we will never know how the price of Bitcoin in the future, whether it will return to its ATH or it could even drop below $10k again,
so indeed we are obliged not to be greedy when trading

[justdimin]

So far it has increased 38% from its lowest price on June 18, of course this is not a small percentage!,
because in just 2 months Bitcoin can recover quickly.
we will never know how the price of Bitcoin in the future, whether it will return to its ATH or it could even drop below $10k again,
so indeed we are obliged not to be greedy when trading

People who talks about bear market and people who talk about we are still down all needs to see this. We are nearly 40% up, how many things in the investment world is already 40% up? We should be quite happy with what we have right here and it is just the start, we are going to be so much bigger. People who do not see that, just fails to see that and it's fine, I do not care, it’s their loss.

I made a good chunk of profit, if you do not want to, keep being scared. I agree that 40% is a big big amount, but we are going to have as high as 10x from the bottom, which is 17k to 170k and we are going to get there, people need to open their eyes to reality and see we are going up.

[Silberman]

So far it has increased 38% from its lowest price on June 18, of course this is not a small percentage!,
because in just 2 months Bitcoin can recover quickly.
we will never know how the price of Bitcoin in the future, whether it will return to its ATH or it could even drop below $10k again,
so indeed we are obliged not to be greedy when trading

Without about the recovery that we are experimenting is significant however many people are still not convinced about what this means because they know about the volatility of bitcoin and they know that the market can change directions extremely quickly, however we need to recognize that things are looking good, at least for the moment, and this should allow us to be a little bit more optimistic about the future price of bitcoin during the rest of the year.

[lepbagong]

So far it has increased 38% from its lowest price on June 18, of course this is not a small percentage!,
because in just 2 months Bitcoin can recover quickly.
we will never know how the price of Bitcoin in the future, whether it will return to its ATH or it could even drop below $10k again,
so indeed we are obliged not to be greedy when trading

it's clear that there's been a huge increase in price, from this year's lows to $21K+. but of course this is not a surprise if you want to look at that month too, there has been a very sharp decline from the beginning of the month at $31K+ to $17K+ in just 2 weeks and this is certainly the biggest hit for bitcoin, compared to the increase that occurred almost the same exactly but can only be done within 2 months.

for now there is no signal that there will be an increase again and the possibility that it will go down again will happen, it is difficult to predict precisely for the current movement of bitcoin. there will always be an opportunity to buy at a lower price, so always be patient and continue to monitor well before trading. Opportunities will always pass quickly and use them well in order to produce satisfactory results.

[Mauser]

Looks like everybody who bought below 20k USD made a good trade. The question is now if you are in it for the long run, or if you are only after the short term profits and will sell again as soon as you make 20-30% profits. Personally I also have been buying this year but using the DCA method. With the high volatility in the market I find it hard to trade at the exact bottom. With DCA I buy every month new coins and still have a decent average price. This also suits better my personal finance situation, because I can only take save only a small amount each month from my salary. I would recommend to hold any coin bought at the cheap levels right now,  atleast until the next ATH.

[Hamza2424]

Bull Trap, Capitulation and all the flag terms are now bored my view is just keep waiting and don't get excited utill we break the 30k. never mind hold it otherwise a simple solution is stay away from the market. For the end of the year i cant see a positive change in market after that im a bit bullish so lets wait untill that time.

[Desscount]

In my opinion it is not a small profit, if you measure the increase from $17700 to $25000 it is at 43%,
for me it is a big profit, because we are in a bear market so that is why it is very important to be able to recover,
even many people are still trapped at the top price. Of course that's why we should be grateful!

[Danydee72]

When I observe people's buying and selling behavior, I see many people buying at high price and selling low. Of course this is not the way we should do. It's some kind of shortthinking - greed and panic. I must say, I had (i hope it's past) to survive these times too, when greed and panic steered my behaviour.  

But as a matter of fact, right now people tend to be caucious about buying. So I'm asking, what will be the price when the big masses begin to buy again? If it goes lower? I think not. It will be before next ATH. How to get there? I think, the mass of hodlers has to lead bitcoin to that point. We know history of bitcoin and so this point will be reached with high propability. Some poeple may wait until this happens and some not. These times now are good times for crypto, because people who couldn't wait leave bitcoin with losses and let us have more gains the time they return.

[onecall123]

In my opinion it is not a small profit, if you measure the increase from $17700 to $25000 it is at 43%,

This is a good profit, although for most it is almost unrealistic. How many traders were able to buy at 17,700 and how many of them were also able to successfully sell at 25,000? Personally, I was only able to buy at least 20,700 as it wasn't clear at the time if this was a bottom or if it would continue to fall. After the fact, of course, you can calculate how much could you earn if you bought at the very bottom. But who can buy successfully at the very bottom? Units, the vast majority, are either selling (panic sell) or waiting for some kind of signal that would tell them that now is the time to buy. And these signals, as a rule, appear after the price has already managed to grow from the bottom point by 10-15%.

Your logic makes sense to me, I get it. You could lose out on a number of accumulation opportunities if you try to time the market. There is a lot of trading going on. In addition, there are some people who accumulate at certain points and then take profits. As it's quite obvious the crypto markets always offer us free money from time to time, it won't matter whether someone buys at the very bottom or not. It's a tough time, I understand. As soon as Bitcoin hits new lows, people will think that we will bounce and they will buy.

[Tomohisa]

Bull Trap, Capitulation and all the flag terms are now bored my view is just keep waiting and don't get excited utill we break the 30k. never mind hold it otherwise a simple solution is stay away from the market. For the end of the year i cant see a positive change in market after that im a bit bullish so lets wait untill that time.

Yeah, I saw your post about the capitulation point. Anyone who falls for the 24k price range weeks ago falls for another bull trap. I don't think we could see BTC going to break 30k this year. Seem like FED has indicated they will keep doing rate hikes like this. Up and down, up and down. We're keep going like this, side way till I can see more info about better economy and market.

[newdevices]

Bull Trap, Capitulation and all the flag terms are now bored my view is just keep waiting and don't get excited utill we break the 30k. never mind hold it otherwise a simple solution is stay away from the market. For the end of the year i cant see a positive change in market after that im a bit bullish so lets wait untill that time.

Yeah, I saw your post about the capitulation point. Anyone who falls for the 24k price range weeks ago falls for another bull trap. I don't think we could see BTC going to break 30k this year. Seem like FED has indicated they will keep doing rate hikes like this. Up and down, up and down. We're keep going like this, side way till I can see more info about better economy and market.

there is no positive sentiment that has made the cryptocurrency market bounce back,
of course until the end of the year the price of bitcoin in my opinion will be in the range of $15k to $25k only,
and will break through the $30k resistance maybe in 2023, because this year there are a lot of people who still keeps it in gold

[sayaya17]

Bull Trap, Capitulation and all the flag terms are now bored my view is just keep waiting and don't get excited utill we break the 30k. never mind hold it otherwise a simple solution is stay away from the market. For the end of the year i cant see a positive change in market after that im a bit bullish so lets wait untill that time.

Yeah, I saw your post about the capitulation point. Anyone who falls for the 24k price range weeks ago falls for another bull trap. I don't think we could see BTC going to break 30k this year. Seem like FED has indicated they will keep doing rate hikes like this. Up and down, up and down. We're keep going like this, side way till I can see more info about better economy and market.

there is no positive sentiment that has made the cryptocurrency market bounce back,
of course until the end of the year the price of bitcoin in my opinion will be in the range of $15k to $25k only,
and will break through the $30k resistance maybe in 2023, because this year there are a lot of people who still keeps it in gold

This year is about 4 months away, but Bitcoin still seems to have failed to rise above $25k, even now the Bitcoin price is back to the $20k price,
and there is a possibility that the Bitcoin price will continue to fall below the $20k price. So don't expect too high on Bitcoin this year,
after what happened in 2021, it seems that more people are taking profit. Then what makes the situation worse is that there are more FUDs
circulating right now than positive news about the crypto world. Because there is no positive news that can make the price of Bitcoin hype and
can bounce back.

So it's only natural that if Bitcoin looks stable, it looks like the price of Bitcoin will not be far from the price of $ 20k until the end of the year.
Maybe entering 2023 as you say Bitcoin will slowly recover, and I agree there is a possibility Bitcoin in 2023 could reach a price of $ 30k.
To return to the ATH price, like having to wait for the Bitcoin halving to occur, it means that Bitcoin is indeed very profitable for long-term
investments. My advice this year is that we just focus on collecting as much Bitcoin as possible, then we can hold it until 2024/2025.

[Peanutswar]

This time currently we experience a bull trap it is just a mini pump because they aren't decided yet with the market decision but again we are in the bearish market until the halving comes so this is a good time to make an accumulation of the coins and wait for the dip. As of today we experience the market crash again below the 20k$ and for sure there's a chance we see it again at the bottom and this is the right time to hold your coins. This upcoming December there's a chance if we see another hope or not.

[aquafinewater]

Yea because 17k$ have a strong support so buying from here can give us a great return in short term so try to invest in top class coin and must use stop loss in every trade

[Yamifoud]

This time currently we experience a bull trap it is just a mini pump because they aren't decided yet with the market decision but again we are in the bearish market until the halving comes so this is a good time to make an accumulation of the coins and wait for the dip. As of today we experience the market crash again below the 20k$ and for sure there's a chance we see it again at the bottom and this is the right time to hold your coins. This upcoming December there's a chance if we see another hope or not.

I have not considered it a bull trap, and I really don't think it really exists in a volatile market - it was just to happen that price correction in inevitable and it comes anytime. Every now and then, drops can be happening after a short pump as expected and therefore, we have to be careful when buying and never expect the rise will continue to go further. Well, the thing is that we need to be prepared for what happens next since we already know the situation of the market and still, we are in bearish condition.

[SaveOurSea]

buy at a bottom price of $17k and bitcoin has gone up to $25k you're still talking about low profits?
I'm sure you are a greedy person, if you sell it at $25k and buy again at $20k of course you will get more profit,
because you can get a lot of coins from the buy back, if you still hold it is of course very unfortunate

[pawanjain]

Seeing the current dump it seems that bitcoin made an honest try to spike up in price but was failed due to negative impacts on it.
Currently bitcoin is below $20k and is struggling to go back above the $21k range. But if we look at the other side this is a good opportunity buy some BTC.
The last bottom was around $17k and if things go well then may be bitcoin won't fall below that.
Buying in this range might be a good deal considering that the ATH was at $69k.