Quote from: butka on May 16, 2019, 10:38:23 AM

Today it looks like both to me. Either we will continue the rise to $8700 or something like that, or the market will reverse and we are going to retest some of the previous levels. You have to decide which one of these options is going to happen for yourself. I know this post of mine is of no use to you, but I myself am in the same dilemma. I just recently exited a trade I had, and now, like you, I'm wondering should I go long or short?

Just to be clear, I hope for a continuation of the bullish run.

I wouldn't say trap, because understanding that context, a trap is something that's leading you to something good on the outside, but totally different and ominous on the inside. With that definition, I wouldn't say that the current bull run can be treated as such, because in the cryptocurrency market, I can say that what you see is what you get. The value it's been running now, is not like baiting us to invest in it, only to see our investments fall apart in the end. We all know, by now, that cryptocurrencies have that trend and tendency, thus, as much as it is gaining now, we still have to plan ahead and not be complacent to be not be baited in the so called trap you're speaking of. I think, if you will stay in the comfortable place it's in right now, you would have to regret that later when it begins to wane.