Could this be a trap?

[n0ne]

None can give clear information on how the market could turn as well as what is the present trend of the market. It is always good to go along with the market, which means keep holding and if you find the price reached is good to make good profit go for it. If not, keep holding and market will have continued bullish and bearish move. We can't be judgemental on this as bear trap, and at these situations we need to be into trading to continuously buy at the dip and sell at the rise.

[1715241678]

1715241678

[1715241678]

1715241678

[batang_bitcoin]

Based on the time that this thread has been posted and from the present time, it seems that it's not a trap for Ethereum. It's currently stable to $2k and that doesn't move a lot from $1,900 if ever some short correction happens.

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.

Right, there will be no better opportunities if being done right now. But this is also going to depend on your current situation if you're able to. Aside from seeing the potential of Ethereum right now and moving to a higher price soon during the bull run, think of yourself if you can afford to buy now.

[Obim34]

It is good that careful observations and analysis is being made in order to make an entry into purchasing your choice of currency which might not be the best that you should have ventured into, rather you should have considered Bitcoin at first before any.
The market can be unpredictable even after maken much claim on your  analysis, could be the trap you suggest it to be.

Could it be just me or anyone else have the same opinion towards waiting for the market to turn green before trying to purchase my currency, must you get out of the DIP before you make an entry or I feel like you afraid of seeing your funds go below your entry point. It doesn't really matter for me waiting for the bull run before buying, at a point where I feel is enough dip for me I would prefer making an entry so any upward trend for me is a profit and any more dip is still an opportunity to purchase even more to cover up the space from my first buy

[doomloop]

use the funds you are prepared to lose.

That's not how you should label it, it's trading and not gambling and even though some say they have similarities, they are not the same thing unless a person invests their money in projects that are complete trash and useless but promise high returns to investors only to lure them to buy their coins or tokens. When investing your money in trading, you should just think that the money you are using might get stuck for an amount of time unknown to you or anyone because the market is highly unpredictable and can go up or down at any time, but one shouldn't think that they will lose their money.

I know that people lose money in trading, especially if they are doing futures trading or options trading because the risk of losing your capital is higher in those kinds of trading, but if someone is just trading in the spot market, they won't lose money if they are choosing the right cryptocurrencies and aren't selling when the market is down.

[Blitzboy]

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.

When altcoins make greens, we assume its alt season, but when Bitcoin makes a significant movement, its always dragged down or up by the trend. We cant tell if its a trap. One thing you should watch out for is market dumping when fundamental news breaks. Always behave wisely, whether you're securing your bottom position or resisting and letting things settle down.

That the price couldnt rise further or constitute a bear or bull trap makes it impossible to determine. Even if you are well-versed in the market, making decisions might be challenging owing to unforeseen conditions. We cannot predict the future, but we are aware of the possibility of manipulation and associated events.

[slashz9]

My current opinion is, the market will still be sideways and there is still the possibility of a decline, until the day the halving approaches.
but if the btc position continues to rise then that possibility will become smaller.
but you can trade briefly to see the opportunity then sell when you have made a profit.

[cryptoknightt]

No one knows what will happen next, but my prediction is that the market will still be sideways then rise to halving and sideways for several months and will start increasing in Q4 2024.

[gabbie2010]

My current opinion is, the market will still be sideways and there is still the possibility of a decline, until the day the halving approaches.
but if the btc position continues to rise then that possibility will become smaller.
but you can trade briefly to see the opportunity then sell when you have made a profit.

I absolutely agreed with your analysis of the market because the market is not a one way traffic there are bound to be consolidation of the price and pullbacks, many investors and price analyst are expecting the price of Bitcoin to continue with the uptrend forgetting that there are bound to be minor reversal or pullback of the price till halving of Bitcoin next year, however altcoin investors should be aware that it's better to be taking profit after the price had peaked just like what the OP said it might be Bull trap thus unexpectedly the price might dump basically the price of crypto is unpredictable once we are in profit take it and exit.

[Sophokles]

For a short period of time this can be a trap because the market has been bullish for almost 2 months and it is normal for the market to make a correction now. But for the long term holder i am not seeing any problem at all. Any correction from the market can mean only one thing and that is more opportunity to fill the bag. I think most of the long term holders have this mindset right now because all of them survived one of the longest bear season in crypto history.

[Zigabel]

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 have experience the bear market for quite some period of time now, following the Bitcoin cycle which is a very strong factor for trends in the crypto market it's said to be believed that we have gotten pass the bear period altho not completely but for a while we can be sure not to go too dip the only worse thing that can happen will be a correction, there are support and resistance level which if these prices get to, they usually try to come back and correct and that's the experience you could get now, so I can say it's not a bear trap and market will continually progress in the upward direction so if you don't hop in now you may be faced with FOMO soon

[Sophokles]

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 have experience the bear market for quite some period of time now, following the Bitcoin cycle which is a very strong factor for trends in the crypto market it's said to be believed that we have gotten pass the bear period altho not completely but for a while we can be sure not to go too dip the only worse thing that can happen will be a correction, there are support and resistance level which if these prices get to, they usually try to come back and correct and that's the experience you could get now, so I can say it's not a bear trap and market will continually progress in the upward direction so if you don't hop in now you may be faced with FOMO soon

Previous historical chart say there could be a major correction before the halving and this can occur in Q1 2024. The market can be manipulated to give Blackrock like ETF managers, a better position to buy bitcoin as some of the big corporations, like Microstrategy, are already sitting at a good average buy with tons of bitcoin. So Blackrock needs to have a good deal to accumulate bitcoin before the final ETF approval otherwise, they will be forced to buy at a higher price than those early institutions.

[siniminomorocomunisakito]

If you think realistically, the market price will certainly go up and down, so just take the positives. Especially for ATH, even though the current price is still at $2,018, it is possible that it will continue to rise. My assumption is that this is only temporary before next year. I personally am very confident in the future of this King of Altcoins and its potential.
     

[Tipstar]

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.

The market was sideways on it's bottom for years now and there way only way up. There are a few ups and down before the ultimate run but there ought to be some corrections now.
We can call this a trap if the market returns to the same or lower level than it were six months ago, but I don't think that will be the case.
But still If you are in confusing to whether buy now or not, the best way is to buy it on small batches. So, that you can buy more and and decrease your buying price.
I have personally booked profit on some coins and waiting for them to decrease a bit to buy more.

[fauzan Ichsan]

I don't really think about the small pump that is happening right now, because in the end it will also experience a rally, considering that there could be a price correction, or it will actually fall deeper, considering that there is no certainty in a market, or also that this is really a bullish season started. For me, the most important thing in choosing coins is that we have to be careful, so that waiting time doesn't cause panic

[slashz9]

My current opinion is, the market will still be sideways and there is still the possibility of a decline, until the day the halving approaches.
but if the btc position continues to rise then that possibility will become smaller.
but you can trade briefly to see the opportunity then sell when you have made a profit.

I absolutely agreed with your analysis of the market because the market is not a one way traffic there are bound to be consolidation of the price and pullbacks, many investors and price analyst are expecting the price of Bitcoin to continue with the uptrend forgetting that there are bound to be minor reversal or pullback of the price till halving of Bitcoin next year, however altcoin investors should be aware that it's better to be taking profit after the price had peaked just like what the OP said it might be Bull trap thus unexpectedly the price might dump basically the price of crypto is unpredictable once we are in profit take it and exit.

and also not always holding coins long term like new altcoins can provide big profits.
we know here that BTC is the safest for the long term, and several altcoins are at the top such as eth, matic, link, bnb.

[Lamkuthang]

and also not always holding coins long term like new altcoins can provide big profits.
we know here that BTC is the safest for the long term, and several altcoins are at the top such as eth, matic, link, bnb.

BTC only. Indeed, everyone has the opportunity to return to their original ATH with one condition that BTC rises first. Yes. I know the coins you mentioned above are most sought after and kept by traders or investors, but what you have to do is buy some BTC so that all the coins you mentioned rise and get pumped.