Do I have this right?..
Bull Trap: price starts to rise quickly causing ppl to panic buy then shortly after the price dips much lower. They get trapped with the higher price btc instead of buying it on the dip
Yep.
There is also a bear trap: people sell a lot of btc quickly and then begin buying at the low en masse.
Thanks. Learning as I go.
Just to verify the bear trap: they panic sell thinking it's going to go down and then it rises?
so basically just opposites