/biz/ - Business & Finance

>>53388303
Market has been in an uptrend for more than a month. Bull traps wouldn't last this long.

>>53388303
It'll probably go back to crabbing at 20k for months if anything

>>53388303
the begin of a bullrun always looks like a bull trap

>>53388333
>the imaginary market in my mind

>>53388333
>Market has been in an uptrend for more than a month
Not a good argument. Try again.

>>53388535
Do you know what a bull trap is? It doesn't mean the price goes up forever

>>53388535
Do you even know what a bull trap is?
>Nooooo it's a bull trap because the price isn't going up forever anon!!1

>>53388333
imagine being this dumb

>>53388535
Yeah because that glorious pump on the far right looks like any one of those kekekek
>>53388333
I am not a seething bobocuck so I check your trips good sir

>>53388333
Wat

>>53388388
Do Bull runs also usually start with a big spike in price caused by a short squeeze? Cause that’s how moves lower start

>>53388595
>>53388571
>b-but muh UPTREND
>start coping when presented with facts that deny that theory
are you okay?

>>53388729
A month of upward moving is an uptrend, yes. A month is also much longer than a "bulltrap" would be. Would three months of upward movement also be considered a bulltrap? 6 months? 1 year? What is the statute of limitations for a bulltrap in your opinion?

>>53388759
The chart I posted shows three bulltraps in longer periods of time than 1 month. You re a retard.

>>53388645
>Do Bull runs also usually start with a big spike in price caused by a short squeeze?
yes they do like e.g. in 2019.

>>53388777
You just showed me pumps that corrected themselves. Is every pump a bulltrap? How long does it have to go up to not be a bulltrap for you?

what's the average length of a bear market?

>>53388806
>You just showed me pumps that corrected themselves.
So you admit that this is a bulltrap and it's going to correct.
Good job.
>n-no this time is d-d-d-different! because reasons!
lol the mind of the moonboys, you can't even have an argument making sense

>>53388822
So any pump that corrects itself is a bulltrap to you? By that logic, every bullrun in existence has been a bulltrap

>>53388303
>a bull market and not a bull trap?
April 2019 - July 2019 = bull market
July 2019 - December 2019 = bull trap

Because I'm broke and I need something to believe in

>>53388836
And by your logic nothing is a bulltrap and everything is "just a correction".

If you fomo'd and the price goes down, you got bulltrapped until you break even. Simple as.

Bull traps appear higher in the chart. It is optimism after a rally caused by the belief that this was a simple price correction to revert back to the trend.

The previous move up was simply an inverse bart. This move is a natural extension of price action in crypto.

Everybody is trying to catch the bottom or ride it all the way to the bottom. Both bulls and bears are retarded right now.

>inb4 another China bans Bitcoin story sending us back into the red

>>53388867
>If you fomo'd and the price goes down, you got bulltrapped until you break even. Simple as.

This is retarded. Go back to your TA gurus on Twitter please

>>53388888
oh geebus checked we're fukt

>>53388888
CHECKED AND RRRRRRRRRREEEEEEEEEEEEEEEEEEE

>>53388896
>no retort
I accept your concession.
So tell us anon, what is your fomo in price level?

>>53388902
"If you fomod and lost money, it's not because you're a terrible trader. It's just le bull trap!!!"

Keep telling yourself that buddy kek

>>53388888
Checked.
>FUGGGG

>>53388920
>sudden "bad trader" nonsense
?
I mindbroke you lmao

return to mean, simple as

>>53388303
A bull trap doesn’t last this long and go this high.

>>53388964
>If you fomo'd and the price goes down, you got bulltrapped until you break even. Simple as.

No, it's because you're a shit trader. But you don't want to admit that to yourself, so you blame it on le bull trap.

You know what, suck my cock. Yeah, you read that that. I fuckin said it, BITCH.

>>53388303
My friend thinks that it's because the fed is going to slow on interest rate hikes because the fed is full of pussies and we wont get another vulkner style recession, which, gonna be honest I tend to agree with. Munger and Burry both think so also, but, burry thinks that inflation is gonna tear back through the economy with the fed slowing hikes and make things worse and we will have more hikes from the bounce back. I deff do not think this fucking bear market is over, though.

It's either that, or, we are still going to trend down but with higher money velocity in the market because of the slowing of interest rate hikes. Either way only a dumb ass would be bullish rn.

>>53388997
>if you get bulltraped is because you are a bad trader
Uhh.... yes? That's why you got bulltraped to begin with, retard. You are pretty damn stupid.

>>53388333
wasted

>>53389011
Or maybe, just maybe, you made a bad trade

Just. Just stop. You're making a fool of yourself. If you want to keep the small amount of dignity you have left on this board, I would end it here.

>>53388333
Omega gig cope.

>>53389054
>just maybe, you made a bad trade
And you got bulltrapped. If it was a good trade you wouldn't be trapped anywhere.
Are you clinically retarded?

>>53388395
>>53388535
>>53388578
>>53388608
>>53389034
>>53389056
The more people who disagree with me on this board, the more confident I am in what I said. Counter trading the majority opinion of you morons is a bulletproof strategy.

>>53388920
He literally never said that you are coping so hard holy shit. This rally euphoria really is just retards hoping to recover losses from 2022 huh?

>>53389065
People make bad trades in every phase of the market. Go back to drawing imaginary lines

>>53389083
He did, go back and read. He said if you fomod and lost money, you got bulltrapped

You can't make this level of retardism up

>>53389076
Hi yes care to focus on this post I made?

>>53389010

>>53389076
>disagree
I didn't even disagree with whatever it was said. All I said is that "month long uptrend" is not indicative of anything with proof of it.

>>53389085
>People make bad trades in every phase of the market.
That has nothing do with anything that has been said or discussed lmao are you really this out of anything of worth to say?
>Go back to drawing imaginary lines
You are in a thread literally talking about TA and TA terminology and trading (entirely based on TA). Stop acting like you are not or that you are above it lmao.

>>53389113
>If you fomo'd and the price goes down, you got bulltrapped until you break even. Simple as.

People make bad trades in every phase of the market.

What are you missing?

>>53389130
>People make bad trades in every phase of the market.
?
Who is talking about "all phases of the market" you autist? We are talking about if the current thing is a bull trap or not.
If you buy now and price goes down, you got bulltrapped. Go look what a bulltrap is you absolute turboretard.

>>53389144
I buy literally no matter what the market looks like

>>53389144
You're saying anytime someone buys and loses money, they fell into a bulltrap.

People buy stuff and lose money all the time. In a phases of the market.

Therefore, according to you, the conclusion is that all phases of the market, perpetually, continuously, while people are always making these bad trades, is a bull trap.

Checkmate. Come back when your IQ is higher LOL

>>53389168
>I lack reading comprehension
That explains everything. My condolences to your caretaker.

>>53389168
The definitions and ways we describe economic phenomena are built on shifting sand and subject to subjective interpretation and ultimately are meaningless and honestly semantics are a cowardly foxhole to choose to hide in. No definition of any economic phenomena is going to be 100% infallible or air tight.

The fact of the matter is this is deff a bulltrap because we are not out of the woods yet. Yes things are loosening up, but, if inflation rips back, or, the fed eases up to soon then we are going to see high rate hikes again that will crush the economy. We are seeing red no matter what. You can make money off this though if you are smart and sell when the market is to greedy.

>>53389195
>reading comprehension
It's literally what you said. Either you don't understand what you yourself write or you can't communicate what you're thinking properly.

>>53389246
>It's literally what you said
The problem is that you are autistic.
The thread is about the current price action possibly being a bulltrap. The only one reeing about "all market phases" is you for some unknowing reason.
Who gives a fuck about other market phases when OP is clearly asking about the current price action and the possibility of it being a bulltrap? It's not even an issue about missing subtext because it's straight up laid there for you to read. You are just fucking retarded.

>>53389331
It's not a bulltrap. It's been pumping for over a month. That's past the statute of limitations for a bulltrap. Just like a 5, 6, 7 month long uptrend couldn't be a bulltrap.

Autists are incredibly gifted so I appreciate the compliment. Look, you fell over your words and you had to pay the price. I didn't want to teach you a lesson but I had to.

>>53389353
>It's been pumping for over a month
Back to step one.
>>53388535

>>53389353
So because it has been pumping for a month that means it cannot go down again? Even in the objective fundamental conditions mentioned above? You realize how silly that sounds right?

I told you hiding behind semantics isn't going to work with me. Go ask any normie on the street what they think of the current economy and they will all tell you shit is way to expensive.

>>53388303
It's a bull trap because the market is pricing in a fed pivot that isn't going to happen.

>>53389360
zoom out. The whole history of the market is a "bull trap" according to you.

I'm done. Don't ping me anymore

>>53389371
Of course it can go down. Nothing goes up forever. I'm just saying that doesn't necessarily mean it's a bull trap or nearly every pump would have to be considered one

>>53388333
Bull traps can last a full quarter. We will end green but be prepared for 3 red quarters that’ll follow

>>53389407
Be prepared to buy at new ATHs, bobo

>>53389382
>zoom out
To see what, two years of downtrend and countless other attempts at breaking up that failed? You are fucking retarded indeed.
>The whole history of the market is a "bull trap" according to you.
You have no idea of the definition of a bulltrap and that seems to be another issue that you keep bringing into the table.
You've been done since the very start with that embarrassing "uptrend" post.

>>53389423
I'm tired of you

>>53389388
But the argument is will it go down and yes it will.
Just because something doesn't fit your pedantic definitions doesn't make it wrong. Did you even graduate highschool? Jesus.

>>53389452
Don't care, reality doesn't bend to your copium.

>>53389010
>Either way only a dumb ass would be bullish rn.
You are the fucking dumbass if you think crypto isnt going to go up.

>>53389509
>it must up..because it has to lmao

retard nigger

>>53389503
God I wish I could see the smile get wiped off your face as this market continues to melt it and all your shorts get liquidated bobo

>>53389525
>shorts
I don't leverage.
You are too emotional to be in this market by the way. Or in any market, for that matter.

>>53388964
>I mindbroke you lmao
You made a bad trade you dumb fat fuck.
>Mind broke.
LMAO, you really over estimate your intellect.
>>53388997
>No, it's because you're a shit trader. But you don't want to admit that to yourself, so you blame it on le bull trap.
This one right here, Every time some fat fuck cries about how crypto is a scam he always tells me he bought the top and sold when it went down.
I am sick of these fucking loser nerds crying about sucking shit at life.
You made a bad trade, you didnt buy the dip, you didnt hold and you sold at a lose.
Take the fucking L, realize you're a dumb, fat, retard with zero trader sense and get over yourself.
>>53389011
>bulltraped
My portfolio is going up, you have no investments.

>>53389065
>And you got bulltrapped. If it was a good trade you wouldn't be trapped anywhere.
What the fuck are you even suggesting you fucking dross cunt? My portfolio is barely down, anyone crying about a red day (normal on weekends, mornings and even sunday) usually bought the fucking spike up.
>>53389083
>He literally never
>>53388867
>If you fomo'd and the price goes down, you got bulltrapped until you break even. Simple as.
Wow anon, You fucking fat fucks are the worst.

>>53389544
Finally someone with a brain. You can go fucking crazy listening to all these morons

>>53389144
A bull trap occurs when a trader or investor buys a security that breaks out above a resistance level—a common technical analysis-based strategy. While many breakouts are followed by strong moves higher, the security may quickly reverse direction. These are known as "bull traps" because traders and investors who bought the breakout are "trapped" in the trade.

https://www.investopedia.com/terms/b/bulltrap.asp
BTC will go to 100k, You can seethe all you want and cry all you want but I will never sell my crypto until I see a NEW ATH.
Please catch a knife to the throat if you think this is a bull trap.

>>53389603
No one said it isn't going to 100k retard.
But what does that have to do with RIGHT NOW?
How do you even deal with stupidity like this?

>>53389623
I think you need to leave for your own sake

>>53389578
It's just some fat fuck white kid pissed off poor people are buying crypto.
Dont worry about it.
You can click on the IDs and highlight someone's posts.
He's just fat and dumb.
See you at 100k.

>>53388303
Could be either or. I endured dumping for a year. I'm not in a rush.

>>53388303
Melt up, then crash. Few.

>>53389640
Oh you're that faggot from the SMG general.
I know your typography. You're the biggest brain dead retard on this board.

>>53388303
Doesn't really matter which one is it.

>>53389688
How big of a schizo are you? I've never posted in smg

>>53389544
>You made a bad trade you dumb fat fuck.
Yeah ok.
Keep doing what you are doing because at the end of the day it will be irrational retard money like yours that ends up filling up my pockets.

>>53389646
>White
>Poor people
>Exains IDs to obvious newfag
Kek 3/10 bait

>>53388888
检查

>>53388333
newfag

>>53388363
I don't fucking care, I'd keep coping new coins, I'm definitely not sleeping on the ID management projects.

>>53390578
ORE and ENS are the ones bobos keep.

>>53388333
Based anon. I see this as an opportunity to accumulate assets for more profits as the bulls build momentum, I have the likes of Arweave on my radar for decentralized data storage and Sylo for data privacy in web3

>>53388888
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>>53388303

>>53388303
we've started printing higher highs

>>53388333
checked, trips of truth
bobos seething

Just keep going, mumu. Your moonboy days are coming to an end.

>>53388388
No doubts anon, but whichever way the market goes, now is the best time to accumulate assets for future profits. I am already doing that on the likes of Zpay and Ride from Elrond Network which are building during the bear market

>>53388333
Holy fuck bobos seething lmao

>>53393829
That’s factually untrue. It’s been crabbing and nothing else

>>53388333
Trips of mostly truth

>>53388888
Kekkies

>>53390578
Then you should have ALBT on your radar by the virtue of their TIDV product which takes Identity management to the next level.

>>53389153
gmi

>>53388303
Why is Taco Bell telling me to sell my crypto to buy their tacos in adds on the internet ?

>>53388303
Probably, ORE, UTK and OGN have been getting bags filled.

>>53390578
Self custody is as sweet as fuck and that's what jeets are missing out on ENS and ORE.

>>53388888

>>53388363
Bull trap or not, I'm DCA into my long-term gems until the confirmation of a bull run. UTK, C98, AZERO, and DYDX are my blue chips.

>>53396411
My bags are filled with these already and I receive cashback from one of these. I hope you are doing faggot.

>>53388888
checked and rekt

>>53388333
trips of truth

empirical, universal, vibrational evidence of the veracity of this statement.

>>53388888
All according to.. the err, you know..

>>53388303
For my exit liquidity cum brain

>>53389417
I will wait until BTC hits the new ATL at 12k. Getting my stables ready to buy ATOM, ORE and EGLD.

>>53396456
DID is the new narrative in web3. We def need security.

>>53395841
Got this on a LP. ALBT/ORE.

ALBT has pumped hard the past few weeks.

>>53390578
Web3, AI, DID are indeed a new narrative and something to watch out for.

>>53388388
I bet you drink your own piss too

>>53388303
because now I can finally make money? I don't understand why people complain about the 22k
if it wasn't for this I wouldn't be able to consider things like Hami and keep farming tokens, things are good anon, relax