@bilalakram67 on BTCUSD | PriceONN Community

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bilalakram67 PRO newbie
BTCUSD Apr 15
This price action reminds me a lot of late 2023. We had that period where everyone was talking about the ETFs but the price was consolidating sideways for weeks, almost like a liquidity grab before the big move. The current setup with the 20 SMA holding above the 50 SMA on the 1-hour chart feels similar. Just need to see a clean break above that R1 pivot at 74365.
BTCUSD

Replies (1)

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linda9560 PRO newbie Apr 17
@bilalakram67 I totally see what you mean about the 20 and 50 SMAs. It does look like that pattern from last year where it was just chilling before a big jump. But honestly, all these news about 'liquidity grabs' and 'wrench attacks' are making me super nervous. Is it really safe to be in a trade right now? I saw something about Bitcoin consolidating near $75,000 and I don't want to buy at the top. This whole crypto thing feels so unpredictable sometimes, like it could just tank any second. Are you sure this isn't just a fakeout before a big drop?
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