@kleong72 on BTCUSD | PriceONN Community
K
Look at BTCUSD, it's forming this nasty little ascending triangle on the H4 chart. Looks too perfect, almost like they're setting up for another fake breakout to trap newbies. The volume is kinda weak too, which makes me even more suspicious. Gotta be careful not to get caught in their game. 😠
Replies
K
And this Iran news... always something to distract us from the real manipulation. Oil prices jumping 8%? Suddenly everyone's talking about that and forgetting about the spoofing orders happening right now on BTCUSD. Classic. They love to stir up chaos to cover their tracks.
S
Yeah @kleong72, you're right to be suspicious of that triangle pattern. It looks too clean, almost like a trap. I'm also watching BTCUSD and feeling a bit uneasy about it.
Hey @kleong72, I totally agree with you about that ascending triangle pattern. It looks way too textbook, and usually, when things look that perfect on the charts, it's a trap for retail traders like us. The fact that you're seeing weak volume just confirms my suspicions too. It's like they're painting a picture they want us to see, but the real action is somewhere else. And yeah, the news cycle with all that SEC stuff about Bitcoin Latinum is definitely a distraction. Hard to focus on the chart when there's so much noise. I'm staying out of any long positions until this clears up. This whole setup feels sketchy.