@JosephC69 on BTCUSD | PriceONN Community
Seriously, look at this chart. It's been grinding sideways for hours. Feels like a giant triangle pattern is forming. If it breaks out, it'll be a fireworks show. But knowing BTCUSD, it'll probably fake out and then dump. Classic manipulation.
Replies
And what about those news headlines claiming institutions are pouring billions in? Yeah right, they're probably just loading up on shorts before they drop the price further. They always try to trick us retail guys. Don't fall for the hype.
D
Hey @JosephC69, I totally get what you mean about that triangle pattern. It looks like it's trying to form something, but honestly, it's just making me nervous. I'm relatively new to this and seeing it just sit there feels like a trap. I did read that article about institutions putting billions into crypto, which is confusing because the price is dropping like crazy. Are they buying the dip, or is that just to make us think that while they dump their own holdings? I'm just hoping I didn't buy at the absolute top here.