Genuine rise in price, or bull trap?

[Dilla]

Blurted unfortunately. The rise looks like a standard corrective move upwards (as an A-B-C).

Hopefully the drop that will follow will be the last one and shouldn't go that much lower than the previous low of $150. I'm guessing $130, but that's pure speculation.

I'm thinking the same. Possibly flash under $100 on some exchanges.

[Rawted]

[jonald_fyookball]

exactly...  whatever anyone says, the market will do what it'll do.  even market experts make mistakes.

mistakes?  Experts in trading are right about 60% of the time.   No one knows what the market will do.

so they're wrong 40% of the time?  wow.  i thought they're right at like 75% - 80% of the time.  

Trading is a zero sum game... Wouldn't be possible for majority of pro traders to be right 80% of the time,
as they are all trying to take money from each other.  This is why trading is so difficult: you are trying
to take money away from very smart people.   

[Mirsad]

Trading is a zero sum game... Wouldn't be possible for majority of pro traders to be right 80% of the time,
as they are all trying to take money from each other.  This is why trading is so difficult: you are trying
to take money away from very smart people.   

It is easier with bitcoin.
You try to take away money from dumb people.
Stocks are harder to trade.

[inca]

exactly...  whatever anyone says, the market will do what it'll do.  even market experts make mistakes.

mistakes?  Experts in trading are right about 60% of the time.   No one knows what the market will do.

This is even more true when you take into account hacks, those are "unpredictable".

or maybe the goxxed 800k suddenly appearing and sold in the market. 

You know those coins don't exist, right?

[Amph]

Hard to judge.

Massive sell off this last few days, sharp rebound from below $200 and now a steady climb in price.

Looks like a bull trap to me, the calm before the storm....or maybe people falling for the rumours on twatter.

Maybe it's genuine though, and we're going to get a steady recovery followed by another bubble now?

what if i tell you that the 1k price, was a dead cat bounce too?

[zeroday]

Hard to judge.

Massive sell off this last few days, sharp rebound from below $200 and now a steady climb in price.

Looks like a bull trap to me, the calm before the storm....or maybe people falling for the rumours on twatter.

Maybe it's genuine though, and we're going to get a steady recovery followed by another bubble now?

what if i tell you that the 1k price, was a dead cat bounce too?

And the next spike of $8K will be dead cat bounce too

As Warren Buffet already confirmed, bitcoin is a poison that makes dead cats zombies so they keep bouncing eternally

[alexeft]

Hard to judge.

Massive sell off this last few days, sharp rebound from below $200 and now a steady climb in price.

Looks like a bull trap to me, the calm before the storm....or maybe people falling for the rumours on twatter.

Maybe it's genuine though, and we're going to get a steady recovery followed by another bubble now?

Bllue tarp!!!!

[HarmonLi]

Hard to judge.

Massive sell off this last few days, sharp rebound from below $200 and now a steady climb in price.

Looks like a bull trap to me, the calm before the storm....or maybe people falling for the rumours on twatter.

Maybe it's genuine though, and we're going to get a steady recovery followed by another bubble now?

Exactly, it's hard to judge. I don't know, I gotta say the volume on Jan 14th was finally high enough to justify a real bottom, but it's nothing definite, that's for sure. I think we'll be wiser in a couple weeks.

[Flashman]

What it looks like right now, is rebuilding a $200 support level, will probably saunter downward and tamp it down a few times before wandering off upward again...

Everybody now,

I love to go a wandering along the mountain track....

[NotLambchop]

>bitcoin
>genuine rise in price

Oh_you.gif

[Le Happy Merchant]

I'm usually wrong, so I'll call it a bulltrap. I really think that it is one, but not a big one.