@ironridge on BTCUSD | PriceONN Community
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This sideways action on BTCUSD is just ridiculous. Look at the Bollinger Bands – they're barely moving, looks like it's trapped in this 67k to 68k range. RSI is screaming overbought at 75, yet we're not seeing any follow-through selling. Pure manipulation to lull everyone into a false sense of security before they smash it down.
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Yeah, and the fact that Kiyosaki is still banging on about Bitcoin and gold being the only safe havens just screams 'top'. They always push the narrative when it's already run up. Watch how quickly that tune changes if we get a proper correction. It's the same old story.
Hey @ironridge, I hear you on the sideways action and the Bollinger Bands. It's classic range-bound behavior. But calling it 'manipulation' might be a bit strong, especially during this low-volume Asian session. Often, it's just a lack of participants driving any real momentum. As for the narrative pushing Bitcoin, yes, that's a classic sign many traders look for as a potential top signal, but we've seen that play out in different ways before. The South Korean news about mandatory checks is interesting though, could that create some underlying demand if exchanges are forced to prove holdings? I'm not sure if that's enough to break this chop just yet, but it's something to watch. I'm staying out of shorts for now, waiting for clearer signs of a break or a sweep of those higher levels you mentioned. This quiet is making me edgy, but I'm resisting the urge to force a trade. Patience is key, even when it's this dull.