I have experienced bear trap in the past. As you said if too many people expect it, it eventually doesn’t happen and then everyone who waited for this dip starts buying on the way up. It’s gonna be interesting to watch it. It’s fun though since I’m a long therm investor. South Korea relaxing regulation for crypto is just a start of good news. It’s always like that, flood of bad news replaced by flood of good news. SEC meeting “behind the closed doors” was just a laugh and noice of nothing. They just have no idea what blockchain and ETH is. Imagine what would happen if they ruled ETH as a security. All hell would get loose. Anyway with good news from Korea and sentiment still bullish I think we get this bear trap instead. Right now ETH at $757.00 and climbing.
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I agree with, you SEC “behind the closed doors” is a laughable. Some said it was a hoax!
According to you buddy.... There's an imminent high coming up! This May will be the golden month. And just the most important cryptocurrencies have events throughout the month of May.