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Author Topic: Could this be a trap?  (Read 744 times)
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June 23, 2023, 03:57:50 PM
 #41

Would be hard to determine for ssure. Dumps occur without any warning and so do pumps. Well, an investor can utilize news regarding this industry as one of the indicators but most of the price movements occur outside the courtesy. If it is just a hunch, I would go with bear market but if it is chart based, then it is more of a bullish one. Other than predicting the next movement, there's also this thing as riding the tide. Well ofcourse profit won't be as big in comparison with entries pointing out another point. But I'd more advise waiting for a more obvious trend line to lessen the risk of losing even if it would be into small profit.

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June 23, 2023, 04:17:07 PM
 #42

If you have already achieve of your target just take it your profit but if you wanna hold of your coin without cares about price just relax for wait and see. At least we see the market are going positive vibes due to Blackrock was joining crypto and request to SEC for Bitcoin ETF and many big company and country has been interest with crypto. Anyways i'm believe bullrun will come, don't cares about trap or anything else that make you confused

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June 23, 2023, 05:09:51 PM
 #43

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 body can say what is going to happening on the Cryptocurrencies market. The current condition of the market is much better than it was a few days ago but one should be aware that it is a bull trap. I think what needs to be done in this situation is to go and invest for the long term and since bitcoin halving is not far away I think if you invest in some top notch coins for the long term then you don't have to fear the bearish. And now I think no matter how much the price goes up or down it won't take long to go into a bull run. So if you wanna invest now I will suggest to you choose the top coins and hold for long run


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June 23, 2023, 05:25:11 PM
 #44


Bitcoin reached $ 31k today, of course this is a very bullish movement but we don't know how the market will react after this,
judging by the movement Bitcoin is indeed very bullish because it has broken from $ 30k and most likely it will continue,
but anything can happen in the market crypto, bull trap is one of them, so be careful.

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June 23, 2023, 06:01:33 PM
 #45

Why are you thinking of entering now?
You're too late to even get a bargain, when the price is already rising and bullish like now you're thinking of entering. You may have the FOMO effect, when the hyep is happening you want to enter. Please pay attention to the market first, whether this is the right time or not. people have started to enjoy their profits when bitcoin reaches $30k, but you still want to buy at the peak. Every rise must have a fall, are you ready for a correction market? then you need to wait for it first.
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June 23, 2023, 06:02:08 PM
 #46

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 body can say what is going to happening on the Cryptocurrencies market. The current condition of the market is much better than it was a few days ago but one should be aware that it is a bull trap. I think what needs to be done in this situation is to go and invest for the long term and since bitcoin halving is not far away I think if you invest in some top notch coins for the long term then you don't have to fear the bearish. And now I think no matter how much the price goes up or down it won't take long to go into a bull run. So if you wanna invest now I will suggest to you choose the top coins and hold for long run
You just need to focus on the global trend and not pay attention to local price fluctuations. If you look at the last six months, bitcoin has made X2 from the last bottom. In that case, it is hard to deny that we are in a bull market and altcoins will do the same thing sooner or later. No big deal if we have to wait a year.

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June 24, 2023, 07:03:21 AM
 #47

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.

lemme accept the truth, technically it's hard for the market to be that predicted or even give out an accurate results. Although what I noticed mostly is that people always speculate about the outcome which they aren't sure if it would results to what they said, meaning whatever thing any one says here is based on precision and probability.
Precision I mean is either getting close to what they predicted and speculated but doesn't really gives the exacts result which they wanted.


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June 24, 2023, 12:15:01 PM
 #48

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 body can say what is going to happening on the Cryptocurrencies market. The current condition of the market is much better than it was a few days ago but one should be aware that it is a bull trap. I think what needs to be done in this situation is to go and invest for the long term and since bitcoin halving is not far away I think if you invest in some top notch coins for the long term then you don't have to fear the bearish. And now I think no matter how much the price goes up or down it won't take long to go into a bull run. So if you wanna invest now I will suggest to you choose the top coins and hold for long run
You just need to focus on the global trend and not pay attention to local price fluctuations. If you look at the last six months, bitcoin has made X2 from the last bottom. In that case, it is hard to deny that we are in a bull market and altcoins will do the same thing sooner or later. No big deal if we have to wait a year.

It's been a week since the price of Bitcoin has risen by 15%, if you say this is a trap, of course not,
because it's been a few days since the price of Bitcoin has been above $30k, so I believe it's time for Bitcoin to be bullish again.

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June 24, 2023, 12:29:53 PM
 #49

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.

lemme accept the truth, technically it's hard for the market to be that predicted or even give out an accurate results. Although what I noticed mostly is that people always speculate about the outcome which they aren't sure if it would results to what they said, meaning whatever thing any one says here is based on precision and probability.
Precision I mean is either getting close to what they predicted and speculated but doesn't really gives the exacts result which they wanted.

No traps for now. The bullish season should be in view in coming months. There's signs to look out for and am sure it's what you are already seeing thats making you sceptical about the bullish season.
I advice if the funds is available, please buy, don't wait for market analysis or speculation to divert your mind.
If there are negative indications, buying won't stop you from taking good measure to ensure you do not loose out, because you could use cold wallet to keep your coins safe.

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June 24, 2023, 12:36:22 PM
 #50

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.

lemme accept the truth, technically it's hard for the market to be that predicted or even give out an accurate results. Although what I noticed mostly is that people always speculate about the outcome which they aren't sure if it would results to what they said, meaning whatever thing any one says here is based on precision and probability.
Precision I mean is either getting close to what they predicted and speculated but doesn't really gives the exacts result which they wanted.
We live to such things - speculations as it was just designed to be like that due to the unpredictable direction of the market. That is why everyone could make their own assumption whether it has a basis or not, but of course, we can't expect the results to be close to what we speculate. However, it was not a big deal, we accept the market as how it looked, it seems we need to adapt and understand that is really what we got. If we are not confident and full of uncertainties, not a surprise that we could think negatively.



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June 24, 2023, 02:46:48 PM
 #51

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 can ACCURATELY tell you what's going to happen next in the market. Whatever anyone says is based on speculation. This industry is speculative in nature and all its activities are so based. However, that's not to say that projections made aren't going to be true. It could go past the prices or not get there. One thing that's certain to happen is that price will be on the upward trajectory because of the expected Bitcoin halving in 2024. We've seen price rally into bull every pre–halving year, and then post–halving year. I don't think there will be any exception this year and next year too. On a side note, last week on social media I saw a $10,000 price projection for ETH in the next bull run made by one crypto analyst.

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June 24, 2023, 09:22:25 PM
 #52

I don't see this as a bear trap reason been that a lot of bad news has been thrown at the space and for its to just ignore them and pump higher is a positive move, also with the news of ETFs being files by some of the heavy weight in the financial space shows that any dip now will be bought very fast. Except for any bad incidence like the Covid 19 news I don't see the market crashing for now, possibly sideways movement for some month before the price start moving forward. The future is very bright for Crypto going forward if we play the game well


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June 25, 2023, 03:50:12 AM
 #53

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.
My recommendation is that you do not worry as much about the  short term variations on the price of bitcoin, you had weeks to buy bitcoin for sub 30k prices and for some reason or another you decided against it, probably because you were afraid of the price going down even further.

And now that the market has recovered you are worried about a dip appearing again, let me tell you that at some point you need to take the risk and buy bitcoin, since no one can tell you with absolute certainty when the price will go down again.

.
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June 25, 2023, 07:03:34 AM
 #54

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.
Doubting it also needs to be looked at, but I would say that our investment comes from each behavior evaluating different conclusions, but outside or surrounding opinions should only be viewed at the level of reference. for the final decision, and here I want to ask what OP will do next. I myself have been accumulating BTC since late 2022 so I can also see some of the moods people are having as I have been through them too, but it's fairer if I'm not a player shortterm and have a broader view of development and price such as BTC's target over $100000 in the future, everything is now a big opportunity. Regardless, being dominated by the news is hard to avoid in various financial sectors, but it's also important to look back on whether we let it rule us or we want to play the game where we decide.

SUGAR
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June 25, 2023, 07:20:42 AM
 #55

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.
My recommendation is that you do not worry as much about the  short term variations on the price of bitcoin, you had weeks to buy bitcoin for sub 30k prices and for some reason or another you decided against it, probably because you were afraid of the price going down even further.

And now that the market has recovered you are worried about a dip appearing again, let me tell you that at some point you need to take the risk and buy bitcoin, since no one can tell you with absolute certainty when the price will go down again.
Take the risk or not and decide with the best possible consideration,
this is crypto market which is not easy to predict,
when we don't make a decision and see the price of Bitcoin going up then we will regret it.

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June 25, 2023, 09:40:14 AM
 #56

The fact that the market is about to go up and the price will go up again, the bear trap here is because we are skeptical and really confused with our knowledge and experience. I see many people like to play the brave game against the general trend, as well as being too caught up in the direction of news and events, each of us has different analysis and goals. about this market. I'm not too concerned if the price drops further in the near future, although I hear a lot about BTC price returning to the $15k mark, I'm not too fixated on such milestones. The direction and movements reflect for me to decide to invest more or less in the short term, but the vision for the next few years will be the same when I believe that I will see BTC reach a new ATH.

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June 25, 2023, 12:07:55 PM
 #57

It can be said that Bitcoin in particular and cryptocurrencies in general always have an irresistible "magic" for speculators and venture capitalists. With an increasing number of investors participating in the market, many people lack knowledge about both the market and security. Especially when they are often caught up in the direction of news and strong market fluctuations. Therefore, it is not possible to determine the direction as well as the high psychology that makes the decisions more difficult. This will be bad when the market suddenly goes bad; it will knock you down at any moment. So be careful in front of this market; even if it is a beautiful green color, maybe it will knock you down at any time.

SUGAR
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June 25, 2023, 12:17:43 PM
 #58


Bitcoin will reach $40k if it stays above $30k if at the end of this week it doesn't dump,
take it easy this last week is less than a few hours away and Bitcoin will be confirmed to go up,
I'm sure this is not a bull trap so don't worry, accumulate and buy as much as possible.

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June 25, 2023, 12:33:09 PM
 #59

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.
Hard to predict the outcome of the market. But we all knew that more good news are keep pouring in. This is a good sign in my opinion and some take it as bullish in the direct market sentiment. There are some fuds before but probably was just a set up for something bigger. Anyway who doesnt want a bargain sale before going to the moon right?

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waONE
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June 25, 2023, 12:36:10 PM
 #60


To be honest, I don't think Bitcoin going up to $31k is a trap, because I read a lot of good news for Bitcoin this month,
so it's normal for the Bitcoin price to recover to $31k, and yes, even though Bitcoin is still correcting below $31k I'm still comfortable.
because according to the TA that I made Bitcoin could reach $35k this month before another correction to continue its journey.

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