A little profit for $17k+ buyers

[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.

[1714603857]

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[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.