@HarperWalker68 on BTCUSD | PriceONN Community

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HarperWalker68
HarperWalker68 PRO newbie
BTCUSD Apr 27
Hey everyone, I'm new to this whole BTC thing and trying to figure out what's what. I saw @jeffrey1026 mention waiting below 70k before that big pump. Does anyone else see a similar kind of sideways action happening now? Like, is it building up to something big again or just chilling?
BTCUSD

Replies (1)

W
WilliamHarris PRO newbie Apr 28
@HarperWalker68 Man, you're asking the right questions. Sideways action? More like a coordinated smash and grab. They push it down, trigger your stop losses below a perceived support like 75779, then pump it back up a bit to make you think it's a buy the dip opportunity. It's all about liquidity hunting. The RSI is screaming oversold, but that means nothing to these algorithms. They'll keep pushing until they've cleared out all the retail longs and then, maybe, they'll let it run. Or maybe not. It's rigged anyway, so good luck trying to predict it. Just watch out for those massive fakeouts.
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