Post
Topic
Board Economics
Re: Bear trap or bull trap?
by
Baofeng
on 12/08/2018, 08:58:24 UTC
Are we going to Saturn or will cryptos reach only the moon?

You should put what price do you think that those traps are going to be. But right now its still up on the open and could probably another bull trap for all we know. If we see the price goes along the $6600-$6800 in the next 48 hours then for me its another bull trap. We have seen this kind of bull traps this year alone that's why I still try to be cautious. The ETF delay has somewhat subsides as of the moment, but I a bit worried that the price shoots up from <$6K to $6300-$6400 in the last 36 hours, if this trend continues then I have a feeling that someone is setting a big trap again, in my opinion.