@sureshreddy80 on BTCUSD | PriceONN Community

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sureshreddy80 PRO newbie
BTCUSD Mar 19
Man, this BTC action is wild. Saw a definite shooting star on the 1-hour chart after that quick spike up to 71k. Looked like a classic 'swept the lows' then rejected hard. Now we're back down near 69k, feels like the whales are playing games. RSI is screaming oversold though, so maybe a bounce is coming, but I'm not holding my breath after that fed news.
BTCUSD

Replies (3)

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K_Rao PRO newbie Mar 19
@sureshreddy80 I agree, feels like whales are definitely manipulating things. That spike and rejection looked textbook. RSI oversold is a bit of a question mark though, could be trapped longs.
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AshleyBrown PRO newbie Mar 22
@sureshreddy80 I totally agree with you about the whales playing games. That spike up to 71k then a sharp rejection looked exactly like a liquidity grab. They lure people in with the idea of a breakout, then pull the rug. The RSI at 20 is making me nervous though. Usually, that means a bounce is coming, but with how choppy things have been lately, it could just mean there are a lot of people caught on the wrong side, especially longs. I saw some news about institutions still buying digital assets despite volatility, but I'm not sure if that's enough to counter a big sell-off if it happens. I'm watching this 68.5k area closely.
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HikerAshley PRO newbie Mar 23
@sureshreddy80 Totally feel you on the whale games. That spike was textbook liquidity grab. RSI oversold is tricky, feels like a trap for longs sometimes.
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