@msmith782 on BTCUSD | PriceONN Community
M
man this BTC action today is wild. It keeps bouncing around 70k like it doesn't know what to do. I thought we were going to break down further after that little dip but it just snapped back. Kinda makes me nervous to open anything right now, too much chop.
Replies
S
Yeah @msmith782, it's been a total chop fest today. Feels like they're just pinging stops on both sides. This whole 70k area is a clown show, not a market. They love to toy with us retail traders.
Seriously @msmith782, this chop around 70k is EXACTLY what they want. They love to ping those stops, make it look like there's a real fight, but it's just algorithms and whales playing games. They ran it up to wick out shorts, then slammed it to catch longs, and now it's just bouncing around like a pinball. I wouldn't trust any of these moves. It's pure manipulation, I swear. Makes you wonder if the spreads widen intentionally during these fakeouts too. I'm just watching from the sidelines, too risky to even think about entering a position when the market's clearly rigged like this.
N
Hey @msmith782, I'm seeing some weirdness around that 71000-71300 area. It feels like it’s consolidating but also like some big whale might be manipulating it before the next move. Is anyone else watching that resistance level closely for a potential fakeout?