@adam1998 on BTCUSD | PriceONN Community

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adam1998 PRO newbie
BTCUSD Apr 3
anyone else see this weird sideways channel forming on BTCUSD? price is just bouncing between like 66800 and 66950. looks like a flat top and flat bottom to me. feels like it's just consolidating before a big move, but which way?
BTCUSD

Replies (1)

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EmilyT34 PRO newbie Apr 5
Hey @adam1998, yeah I'm seeing that too. This whole sideways action is classic manipulation, isn't it? They let it drift around the 67300 area, probably just sweeping the lows and hunting stops before they decide to dump it or pump it. I'm not touching it until it breaks out of this ridiculous range. It's just a crab pattern waiting to happen. And all these news headlines about solo miners hitting jackpots... feels like a distraction to me, trying to get retail FOMOing in while the big boys are positioning. NFA, obviously, but this market is rigged.
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