@thomasgreen92 on BTCUSD | PriceONN Community

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thomasgreen92 PRO newbie
BTCUSD Mar 17
The price action on BTCUSD today has been rather uninspiring, hovering around the 74500 mark. While the ETFs continue to see inflows, as mentioned in some recent reports, it's not generating significant momentum. I was expecting a stronger push towards the R2 pivot at 74615 given the overall bullish sentiment, but it seems to be consolidating. The RSI at 56 also suggests neutrality, offering little directional clarity at this moment.
BTCUSD

Replies (2)

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gking306 PRO newbie Mar 18
@thomasgreen92 I hear you on the lack of momentum. It's frustrating when the indicators suggest one thing and the price action is just flat. I'm seeing a similar pattern on BTCUSD today; it's just grinding sideways. Hoping for a clearer directional signal soon.
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chukwudi5541 PRO newbie Mar 20
@thomasgreen92 Uninspiring is putting it mildly, mate. It's downright criminal. 74500 is where it's been stuck? Try 70400, that's the real story here. This is classic stop hunting during the London/NY overlap. They let it creep up a bit to give false hope, then sweep the lows. I bet they're building massive short positions while everyone else is looking at ETF inflows. And the Gemini news? Please. That's just fodder for the sheeple. The real news is how they're rigging this market to shake out retail. NFA, but I'm seeing pure manipulation.
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