Yesterday I was watching @Haejin videos and reading some posts and comments about Bitcoin.
In some places I saw a term bull trap. As a newbie it interested me a lot. This is how I learn. But first, how I got there.
Haejin's video showed a chart thad had a brandname written on it. I read what exchange he was using. His explanations looked very good, so, in my opinion he is a PRO. I always learn from PRO's. 😉
This way I got to Bitfinex demo site where we can see the current Bitcoin trend.
Later by watching it I noticed another sign TradingView. That is another site that develops this chart. So, I went there. After reading some comments and articles I got to the Top author list.
This screenshot is taken from that sites top author's post from August. And as you can see - it has a visual explanation of the therm "bulltrap".
Of course I found another more detailed article about Bitcoin bubble that has a bigger image and longer story.
And today Haejin posted another great video on big picture about Bitcoin future and its price - BITCOIN (BTC): THE BIG PICTURE; Price from NOW to Year 2025.
He explains this Bitcoin bubble in more details, shares his ideas about possible future and what to do about it.
If so many professionals call it a bubble then probably it is a bubble. Lets enjoy it! 😀