@etaylor399 on BTCUSD | PriceONN Community
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Wow, BTC is really taking a beating today. We've dropped below the 200 SMA on the daily and RSI is deep in oversold territory at 29.4. That S2 pivot at 72004 is looking like the next target, but honestly, this feels like a potential sweep of the lows before any kind of bounce. Watching closely to see if any smart money steps in.
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hey @etaylor399, i agree it's looking pretty rough. oversold on RSI is one thing, but below the 200 SMA daily? that's definitely a bad sign. i'm not sure about S2 being the next target though, feels like they might just sweep all the stops below that first. these market makers are predictable with their manipulation tactics.
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Seriously @etaylor399, below the 200 SMA daily? That's brutal. And they say it's not manipulated. Funny how it always seems to break key levels right when retail gets confident. I saw that institutional money pouring in, thought it might hold, but nope. Just another pump and dump scheme. They're probably just sweeping the lows to fill their own orders before another fake rally. I wouldn't trust any bounce here, feels like it's just gonna keep falling until they decide to stop. Watch out for that inducement around 68k, it's a trap.