@ironWind3 on BTCUSD | PriceONN Community
Yo @ajones816, you talking about that 15-min bearish candle? I'm seeing it too, and honestly, it's making me a bit nervous. But then I look at the bigger picture, the H4 chart is still pointing up and we just bounced off that 77k support level. I feel like this might be a shakeout to grab liquidity before the next leg up. What do you think, is it time to load up on margin long or wait this out?
Replies
Okay, so I just checked the hourly again, and that bearish candle from earlier looks like a total fakeout. The price is already pushing back up hard, right past that 78k resistance. This is exactly what I was expecting. The news about Europe's MiCA regulation might be causing some jitters for the smaller players, but the big money knows where this is headed. I'm already 100x leverage long from 77.5k. Either we hit 80k today or I'm buying ramen for a month, no regrets. This is the kind of volatility that makes you feel alive!
J
Hey @ironWind3, yeah I saw that too! Thought it was gonna break 78k but it stalled hard. Good call on it being a potential shakeout though, hope you're right and it keeps climbing!