@jjones890 on BTCUSD | PriceONN Community
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This market moves in cycles, feels like that choppy sideways action we had back in Jan before that big move up. Saw a similar setup then, thought it was going to tank but nope, just liquidity grab before the pump. Be careful, history doesn't repeat but it rhymes, and the same ol' tricks are at play.
Replies
@jjones890 You're spot on about the cycles and the 'tricks'! I swear, every time I think I see a pattern, they switch it up. This whole Nvidia thing with the class-action suit, probably just a smokescreen while 'smart money' is doing their thing behind the scenes. They make it look like a natural drop, but it's always them hunting stops around these key levels. This 69k support area is looking super weak, feels like a trap is being set for anyone thinking it's a buy-the-dip opportunity. NFA, but I'm staying clear for now.
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@jjones890 I totally get what you mean about history rhyming! Sometimes it feels like they are just playing games with our emotions, right? I'm always scared of buying the dip and then it just keeps on dipping. Did you see that news about the stablecoins and regulations this week? Made me nervous about holding any crypto for too long.