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Author Topic: Be careful BTC has a bear trap even though BTC has entered a trend up  (Read 7439 times)

Offline diygirl

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Yeah, So true. One thing to worry about at the bear market is a large number of price traps in the market that has been made in such a way as to make small investors tired and trapped. In this case, whatever happens, whether the price of Bitcoin increases or decreases, we must be more cautious and wise in responding. Always prioritize analysis compared to just following what people say.
« Last Edit: May 03, 2019, 12:04:12 AM by diygirl »

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Offline Jayde

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For mid term Bitcoin has break out of the temporaly downtrend line, but for long term, it still in a bigger downtrend line that was formed at $5,900 and will be a hard resistance for Bitcoin in the next week

               

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Offline Domithra

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Casting back our analysis to the events that preceded the December, 2018 bull trend, it was clear that BTC did not have an all upward movement before it was confirmed a bull market. There were periods were BTC had drop in price although it was making gradual increment in price. I'm quite optimistic about the current trend of BTC although there is no guarantee since it is a free market.
From the beginning of the year 2019, BTC has shown impressive resistance to the bear market and to say for about 5 months, if there to be any bear trap, it should have been activated or it should have shown some signs along the way.
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Offline Stuart

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There has been lots of  price analysis about bitcoin, different explanation of charts and they all somehow end up failing because bitcoin has no respect of who is talking/writing good/bad about it. The next trending/bull run of bitcoin, in my own opinion is that the more supporters, investors and mass adoption grows, so will the price move. Due to FOMO, most investors pulled out their crypto, and same thing from the whales, which gave room for this long term bear market, and now we are recovering on the slow move, so, whatever happenings now (if its negative, we are still in the bear market, or if its positive, we are expecting the bull run), doesn't mean, but we all want the bull run to start.

Offline sampoerna

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Just last evening, the price of the BTC is rising up and the market is changing at a very short time. We can see that the progress of this coin is very high, the volume and cycle graphic shows the high progress. However, I also think that we need to be careful. It may be a trap for the careless people. But, be positive thinking that BTC will really enter the bullrun.

Offline pelana vreo

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to have a lot of good information and analysis takes a very long time, BTC price increases can be analyzed but cannot be predicted quickly, because no one knows that BTC will reach $20k in 2017, BTC price movements are very fast and altcoin also follows the trend is increasing rapidly. now BTC is above $5600 and I think the downward trend in prices will remain at $5,200 this month.
The most important thing is, always look at the market situation to avoid substantial losses

 

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