Could this be a trap?

[Ojima-ojo]

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.

None can give accurate market speculation/predictions and for that, we all have to rely on risk if you have the conviction that Ethereum will continue to raise alongside other assets it becomes ok to buy in at a price that will extend your liquidation price very far and for long.


But if you have a long-term investment goal,  it then makes sense to buy at the current price and hold for a while to see what becomes of the reality of things when the bull market happens after April next year.

[1714706687]

1714706687

[_BlackStar]

Invest according to your plan - if you want to be a long-term holder, then you should be able to safely buy it now. Dollar Cost Averaging [DCA] - that's what you need to think about if you want to do entry. If you're in doubt - then don't do an all-budget entry but consider DCA.

ETH is one of the best performing altcoins – but also consider diversifying even if you are optimistic about the future. So far I haven't bought ETH - but it would be nice to also have it in my long term investment portfolio.

[DoublerHunter]

Invest according to your plan - if you want to be a long-term holder, then you should be able to safely buy it now. Dollar Cost Averaging [DCA] - that's what you need to think about if you want to do entry. If you're in doubt - then don't do an all-budget entry but consider DCA.
~snip~

^ That is a good recommendation.
DCA would be a perfect way to buy and considering not thinking it is a trap because you buy at a low price.
Because for me, DCA allows you to benefit from averaging out your costs. When prices are high, you buy fewer coins or ETH with your fixed investment amount. Conversely, when prices are low, your fixed investment amount buys more potential crypto including ETH. By doing this it can potentially lower your average purchase price over time and increase your overall investment return if the price will surge back.
Remember that DCA helps instill discipline and a long-term investment mindset, particularly in volatile markets like cryptocurrencies. By continuing to invest consistently regardless of short-term market fluctuations, you can stay focused on your investment goals and avoid reacting emotionally to market ups and downs.

[seleme]

We only can speculate regarding market prices but I am sure the general direction is up. The more you buy when the market dip appears the happy you will be as an early, smart investor when the bull market season arrives. Don't let the negative thoughts enter your mind and no, this can't be a bull trap as since numbers never lie. You can open the historical BTC chart and check the bear spikes that follow bull season candles. So my suggestion is to catch the best ROI points on a chart and buy the dip points.

[Godday]

If you look at the current ETH price then I see this is not a bear trap. Right now ETH is still holding steady at $1,900s and I think the price of ETH will keep going up and up. But this is speculation because there is no firm theory of how the market works.

[Xal0lex]

Invest according to your plan - if you want to be a long-term holder, then you should be able to safely buy it now. Dollar Cost Averaging [DCA] - that's what you need to think about if you want to do entry. If you're in doubt - then don't do an all-budget entry but consider DCA.

ETH is one of the best performing altcoins – but also consider diversifying even if you are optimistic about the future. So far I haven't bought ETH - but it would be nice to also have it in my long term investment portfolio.

ETH is a good buy, many consider it as a long-term hold. I bought ETH for my portfolio, and I've already applied the DCA method to it several times. But from my investment experience, I can say that other altcoins don't really benefit from this tactic. Many altcoins, especially those at the top of the rankings, do not have enough investment efficiency to constantly invest portions of money in them, thereby averaging their average purchase price.

[cute nmp]

Can't still believe we are in the bullrun. Bought some Solana at the lowest price when the crypto-market was very bearish but recently sold it all yesterday I want to see Btc reach at least 35k before believing the bull market is fully back as for now I am currently holding back making any new investment .

[Ngemmeng]

I understand this doubt, it's because you think short term. if you think long-term of course you won't feel doubt like that because surely you are sure that in the future there will always be history that bitcoin has achieved. I can't say this is a bear trap or not because no one knows what will happen after this, for example like the SEC issue that appears suddenly and makes crypto prices go down.

[bitLeap]

Invest according to your plan - if you want to be a long-term holder, then you should be able to safely buy it now. Dollar Cost Averaging [DCA] - that's what you need to think about if you want to do entry. If you're in doubt - then don't do an all-budget entry but consider DCA.
~snip~

^ That is a good recommendation.
DCA would be a perfect way to buy and considering not thinking it is a trap because you buy at a low price.
Because for me, DCA allows you to benefit from averaging out your costs. When prices are high, you buy fewer coins or ETH with your fixed investment amount. Conversely, when prices are low, your fixed investment amount buys more potential crypto including ETH. By doing this it can potentially lower your average purchase price over time and increase your overall investment return if the price will surge back.
Remember that DCA helps instill discipline and a long-term investment mindset, particularly in volatile markets like cryptocurrencies. By continuing to invest consistently regardless of short-term market fluctuations, you can stay focused on your investment goals and avoid reacting emotionally to market ups and downs.

This is a highly recommended strategy, however, for me this strategy is a very suitable strategy for bitcoin. I don't know about your opinion, but maybe you have a slightly different opinion from me about which coins to apply this strategy to.
I prefer to suppress my desire to buy altcoins a little bit, I'm focusing more on bitcoin right now, but I also still have some altcoins that I hold in my wallet.

If I follow my passion, there are actually a lot of coins that I want to buy, but I realize that something done with ambition is not good, and I prefer to suppress that.

[Epaper]

No one can provide accurate market predictions to confirm whether this is a bear trap or not. The crypto market is very complex and is influenced by many factors that are difficult to predict with certainty. Market analysts use a variety of tools and methods to analyze trends and understand market movements, but none can give any guarantees about what will happen next. So, if you want to buy now, then you should do fundamental and technical analysis first and use the funds you are prepared to lose.

[Kelward]

So, if you want to buy now, then you should do fundamental and technical analysis first and use the funds you are prepared to lose.

You've pretty much summed up what to do in situations of doubts about whether we're walking into a trap with our decision to sale or buy crypto. Applying fundamental and technical analysis, can be a helpful tool to help an investor to analyse the market better, because nobody can give accurate prediction of the outcome of cryptocurrency price.

In the case where an investor is skeptical about price, whether to buy preferred crypto coin or not, then in order to minimize risk, can invest what he can afford to lose. However if after analysing, he feels more confident, can then invest a sustential amount.

[arufox]

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.

Even though the market is currently looking positive with ETH crossing the $1.9k level, and the market turning green it is hard to predict with great accuracy what will happen next. Moreover, to determine whether this is a bear trap or not, because anything can happen in the crypto market. That's why it's important not only to enter the market on a whim but also with careful analysis and a sound risk management strategy.

[milewilda]

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.

Even though the market is currently looking positive with ETH crossing the $1.9k level, and the market turning green it is hard to predict with great accuracy what will happen next. Moreover, to determine whether this is a bear trap or not, because anything can happen in the crypto market. That's why it's important not only to enter the market on a whim but also with careful analysis and a sound risk management strategy.

Whenever Altcoins do make out some greens then we do assume that it might already alt season but once Bitcoin would really be making out some huge movement whether going up or down then it would really be always that been dragged down or up basing up on the trend. There's no way that we could be able to determine if its a trap or not. One thing that you should really be observing that whenever do news comes out specially in speaking about fundamentals then expect that there would really be something in speaking about dumping in the market. Always be wise on taking up action whether you would really be securing your position at the bottom or would really be refraining on making some actions and would let pass on the things to cool down.

There's no way on determining about being a trap because the price could neither shoot up further or would really be neither a bear or a bull trap. Its really that hard to determine even if you are someone whose really that
already that knowledgeable or veteran towards the market but due to these unpredictable conditions then it would be never easy on taking up decision.
No person or trader on this world would really be able to know on whats next, but pretty sure that we are aware that manipulation and other correlated
things could really happen.

[Psynthax]

No one can provide accurate market predictions to confirm whether this is a bear trap or not. The crypto market is very complex and is influenced by many factors that are difficult to predict with certainty. Market analysts use a variety of tools and methods to analyze trends and understand market movements, but none can give any guarantees about what will happen next. So, if you want to buy now, then you should do fundamental and technical analysis first and use the funds you are prepared to lose.

whether its a trap, we can be sure 100% that the market still undervalued, no need to worry about a trap because even if market going down we are already having good entry.
so we are overall still in a good opportunity to make accumulation i refuse to believe that any correction would affect us that much anyway.

[yazher]

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.

A trap or not when investing requires proper knowledge so that you won't miss any opportunity because it could be a sign of a further increase in the price in the upcoming days. in the crypto market, nothing is certain but you could minimize the risk if you know more about the movement of the price and you will have some idea of where to start because of your past investment experience. That's why before anything else especially when it comes to your first investment, learn everything necessary from the basics and preventive measures against scam projects and hackers in order to save your time and prevent yourself from getting fooled into investing in a pump and dump coin.

[siniminomorocomunisakito]

Even though the market is currently looking positive with ETH crossing the $1.9k level, and the market turning green it is hard to predict with great accuracy what will happen next. Moreover, to determine whether this is a bear trap or not, because anything can happen in the crypto market. That's why it's important not only to enter the market on a whim but also with careful analysis and a sound risk management strategy.

ETH I really believe this is an investment that will never die and no doubt even though the price still hasn't exceeded ATH. The market is currently showing signs of recovery, there may be some understandable concerns about a potential bear trap. however if I have noticed, it is very important to approach such situations with caution.

Certainly market indicators, and fundamental analysis, which can help inform decision making.

[justdimin]

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.

A trap or not when investing requires proper knowledge so that you won't miss any opportunity because it could be a sign of a further increase in the price in the upcoming days. in the crypto market, nothing is certain but you could minimize the risk if you know more about the movement of the price and you will have some idea of where to start because of your past investment experience. That's why before anything else especially when it comes to your first investment, learn everything necessary from the basics and preventive measures against scam projects and hackers in order to save your time and prevent yourself from getting fooled into investing in a pump and dump coin.

Looking at when the topic was started, I would say that it is a different period we are in right now. I feel like the current situation is not a trap, we are at 37k+ and we are going strong, I think we may even finish the month at near 40k, that's not really that far away, something like maybe 5% or so? That should be enough to get closer to it at least.

This is why I believe that we need to be careful about it, we can't really make it work all that easily if we are not aware of how we are doing, if we keep thinking there could be something wrong and constantly fear then we would never be able to make a profit. We are doing fine, and it's not a trap, and we just need to keep on investing and holding until it's even higher.

[arufox]

Even though the market is currently looking positive with ETH crossing the $1.9k level, and the market turning green it is hard to predict with great accuracy what will happen next. Moreover, to determine whether this is a bear trap or not, because anything can happen in the crypto market. That's why it's important not only to enter the market on a whim but also with careful analysis and a sound risk management strategy.

ETH I really believe this is an investment that will never die and no doubt even though the price still hasn't exceeded ATH. The market is currently showing signs of recovery, there may be some understandable concerns about a potential bear trap. however if I have noticed, it is very important to approach such situations with caution.

Certainly market indicators, and fundamental analysis, which can help inform decision making.

If you are so sure that the potential increase in the price of ETH will reach a new ATH later, then it is time for you to buy at the current price and then hold it until the ATH arrives in time. Opportunities will not be repeated twice, therefore, use the opportunity you have to invest so that you don't miss the opportunity to reap maximum profits later.

[disferret]

Understandable - I see it the same way, earlier in the year we saw a quick squeeze before a long sideways fade. Demeaning and left a lot of HODLers holding on for dear life. This is what makes markets. uncertainty. Everyone is primed emotionally for a run, your guess is as good as mine. That being said it gives time for projects to prepare, develop, and launch for next run.

[Belarge]

The cryptocurrency market is gradually worming up for the next bull run, the green light showing is a sign of set up as a crypto holder need to feel up your crypto wallet bag, while Bull Run market is at the right corner, while waiting and keep buying prospect alt-coins including Bitcoin.

No one have power over the market, it's manipulated by the top companies and influential whales, these are the only people that can manage to control and not for long, it moved against their predictions, so they do actually have aims to meet up either every week or days. The market is generally for everyone, we are the ones that will specifically set the time that would be available for favorable for us and not the other way round. The experienced gamblers have noticed the slight differences in the market and are warming up for the massive bull season to come. We just stay ready to milk the season.