Could this be a trap?

[Yogee]

Probably the market's "FU" response to the lawsuits and delisting of the so-called "utilities".

[....] is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

Nobody and if someone says they can accurately predict the market then they are most likely scams. Any self-respecting Technical or Fundamental Analyst would always give you a disclaimer. Someone will get it right obviously but a lot of times they get it wrong.

[Questat]

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

Whether it was a trap or not, this will never change on how I looked on the market. Because until now, nobody can tell about what will happen next, what we have is just a sort of market assumption and this is also based on the current situation and the previous events. It will pump today and might dump tomorrow, that is actually how the volatility looks like. And if we keep thinking this is a trap, that also stopped us from thinking positively because what we have now is full of uncertainties.

[Wapfika]

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

Whether it was a trap or not, this will never change on how I looked on the market. Because until now, nobody can tell about what will happen next, what we have is just a sort of market assumption and this is also based on the current situation and the previous events. It will pump today and might dump tomorrow, that is actually how the volatility looks like. And if we keep thinking this is a trap, that also stopped us from thinking positively because what we have now is full of uncertainties.

It’s alright to think like OP to play safe on our investment because we are talking about money here and not things that can let you go easily. Thinking it’s a trap on a sudden price is normal but I like your idea too about positivity because if we all think this way, we can boost the market and ignore all the FUD. Manipulation or not, A market will go were the majority puts their money so if we unite together. We can move the market the way we want.

[coin-investor]

I wasn't holding any specific amount I wanted buy during last dip but this came to me that the market could possibly go low so was still watching the market before it changes it direction to a potential Green which I think I am already left out of the race, that was why I asked if I could get into the market presently seeing that bitcoin taken another new dimension. The sudden change might be as a result of good news or positive sign for bitcoin growth.

This is one of the issues one is going to encounter when holding back buying, we are hoping for the floor price but we do not have an idea of the floor price, so we are in a hurry to buy when the market turns to green.
My strategy is small buy whenever there is a slight dip so for every dip I allocate small amounts to buy, and when I have the idea that it reaches the floor price that's the time I will give all I got, waiting for the floor price is quite demanding you have to follow the market and you have to follow the news, great news will give a positive response in the market, so always check if there is good news in the industry.

[bluebit25]

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

Individual skepticism and not confident in what they know or they don't know, if you stand aside and doubt it's okay but don't regret the story afterwards or it would be better to act turn exactly what you guess. Once you are in, you should also accept the possible risks, and the market story now makes me quite comfortable and comfortable, maybe because of the long-term plan that I am choosing with the market, I don't care too much about price movement in the 10% range, simply because I build an accumulation strategy and look for possible x10 opportunities in the next cycle, sometimes I feel like laughing when seeing many people see the price drop they panic and when it goes up they doubt, it's okay it's still one person's decision for this market.

[blockman]

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip.

You're not sure, people always get interested when the market is surging but no interest when it's totally no action and it's quite low. There's still a possible dip but we don't know if we'll see this early a new low.

But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

IMHO, we're done with the bearish trend and all of these are happening due to the bullish sentiment that we're not just seeing through news but also with the actual cycle that we're having.

[Kemarit]

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

We might just hit the resistance though, and it might be hard to break $2,000 in my opinion.

However, why are so confused? just continue to buy if you think that Ethereum will have another biggest bull run in 2024-2025. You should take advantage of the situation and as what I have been preaching before, don't complicate things. Bear traps, catching a falling knife, this terms will really make you muddled in the world of crypto. So the best thing to do is just make it simply and buy in dip and timing the market on when to sell during a bull run.

[ElmedoRator]

It's entirely possible as we've also seen the market's rapid change recently, in the face of volatility from news like this I think it's going to take a huge hit. to get us out of the danger zone. I can be optimistic for the long term, but we are clearly in the midst of arguably the most volatile financial market, but we should still feel more excited when the atmosphere is less gloomy later. The controversy between the SEC and Binance.
To me, even if it is a trap, from the moment we start participating, we will all have to consider the profits and risks in the investment process, each person will have a long-term or short-term approach strategy, but look at each other. In general, in an investment environment, there will also be failures for successful people, so try to improve yourself more.

[Accardo]

It can be a trap, but it won't hurt. Buyers that held, don't have any reason to call this a trap as they're already seeing profits from the recent increase in price. I'd say that, waiting for the rise in price of ETH before investing may not give you the best results. If the price drops you'll be much disappointed and may withdraw your funds because you're focused on profit alone. Seeing that the price of ETH is bullish should be a motivation to invest knowing that even if it drops, it can rise again. What is expected of you is to invest and wait for some time whether bullish or bearish, your investment is considered Safe.

[Hypnosis00]

It can be a trap, but it won't hurt. Buyers that held, don't have any reason to call this a trap as they're already seeing profits from the recent increase in price. I'd say that, waiting for the rise in price of ETH before investing may not give you the best results. If the price drops you'll be much disappointed and may withdraw your funds because you're focused on profit alone. Seeing that the price of ETH is bullish should be a motivation to invest knowing that even if it drops, it can rise again. What is expected of you is to invest and wait for some time whether bullish or bearish, your investment is considered Safe.

Indeed it was not a trap, but a certain opportunity. In fact, I'd never think such a thing ever as I know that the market has never been always high, it dump as well whether it was in a good way or somewhat like manipulation. As we are in this kind of market where volatility is inevitable, it all happens. Well, I guess we don't have to worry if we are investing in good projects like ETH and BTC as we know that they are for long-term investment. It may down today and even tomorrow but for sure in the next couple of days, it rise again - no trap is made, it is just our thinking.

[TheUltraElite]

Consider it to be a bear trap, what could you do anyway? Nothing from your side but wait and watch.

Since the buying point has been crossed, we have to see how big the price actually reaches and then decide on further processing of trades. Some people will sell the coins they bought at 26k and cash in the profit before anything else. You might not have that same option so wait it out. We can move either low or high from this level and thus long term predictions are tough at this stage.

[FrozenBit]

And do you continue to doubt it and stay out, the crypto market has too many different problems and too many opinions coming from individuals or summarized experiences. I see the current issue has some doubts but it's clear the fact that we've seen it go up quite a bit from around $25000 to $3000 and if you miss that, I bet it will. There are many people like you and there are also many people who have made a profit because they think against the majority and dare to take risks. When witnessing people think that the market is very bad, making an investment decision will also be very difficult, if you are unlucky to lose, consider it as a lesson for your judgment. .

[khiholangkang]

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

I think this increase is not without reason, so it is not suddenly the market becomes green, who knows where the fresh air is, I personally see that this is the real of the entry of large companies that enter the crypto market, and that is what causes people's positive encouragement To enter the market that fits the price of the market.
I do not indicate that there is a bear trap in this case.

But what are you worried about if you are a long -term investor? Unless you are a short -term investor and / or trader who always requires benefits from trading made in a short time.

[GelatikKembar]

Maybe not because I'm sure the good news was at the beginning of last June when China legalized crypto currency,
the crypto market could slowly be bullish, so don't worry, market cap will come from China and make Bitcoin bullish.
We first see the reaction of Bitcoin prices this week, will the Bitcoin price stay at $30k or even dump again.

[zasad@]

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

No one knows the future, and it is not clear how long the lawlessness of the SEC in the United States will continue. There is an opinion that after the US presidential election the situation will improve, but it depends on the candidate who wins. There are many projects, many fundamental projects are cheap, and it is not a mistake to buy them for investments for 1-3 years.

[tsaroz]

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

That's why we should not plan for a single entry point. We could use any popular method to determine the entry points mostly at the dip of every cycle. And it surely was a better time to enter when the price was around 20K.
For current scenario, the price is trying to stick above 30K but as there are no sudden momentum, And I have a feeling it would eventually come down at least around 28K before trying to make a new peak. It would still be a better idea to keep on buying smaller amounts as even though the price decreases, you don't need to invest much to average your cost but if the price keep on increasing, it would be risky to buy at higher price.

[Adbitco]

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

This is cryptocurrency it is meant for up and down movement there is no confident within the market, you only take profits if you think what you holds currently has generated enough profits for you than putting trust in the market or probably due to the Green on ground you think it would never turned to red is something you are getting confused on because the entire cryptocurrency completes it circle by up and down movements, there is no stable market. Hence I am not too sure we wouldn't be experiencing any more dip but normally we are suppose to witness some little pull back on the market, that is to say, market could likely drop back $26k before we may finally touched $35k and above.

[Jawhead999]

You shouldn't look ETH price because ETH is always follow BTC after ETH lose it's dominance during altcoins season on 2017-2018. As we know halving event will happen on the next year and anyone predict the BTC will break it's ATH on 2025, so there's a chance this could be a bear trap. But if you're long term holder, I don't think you shouldn't need to worry because if you keep hold until the next 2 years, you will make profit.

[masulum]

That's why we should not plan for a single entry point. We could use any popular method to determine the entry points mostly at the dip of every cycle. And it surely was a better time to enter when the price was around 20K.
For current scenario, the price is trying to stick above 30K but as there are no sudden momentum, And I have a feeling it would eventually come down at least around 28K before trying to make a new peak.-snip

I have an analysis that is almost similar to yours. IMO, BTC is trying to stay at $30K, to continue the trend and retest to $32K, if at this point there is no breakout, then BTC is likely to make a correction in the area of $ 27K-29K. Meanwhile, according to the OP, whether this is a bull trap or a bearish trap, I think for now it is the momentum of BTC journey before being bullish and going to break last ATH (if the pattern history repeated). This is only an analisys and not a guarantee (DYOR/DWYOR/NFA). However, I think the next dip is in the $25K area, if there is FUD having a significant impact.

[jrrsparkles]

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

If you want to enter then enter when you see the trend is on red then only you can make profits if it turns green and don't bother about short term movements it's all unexpected so if you feel the ethereum will grow in the bull market then go for it and just keep holding till next ATH.

No one can predict future and don't take risk with your money due to some random person on an online forum said.