@divyadas32 on BTCUSD | PriceONN Community

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divyadas32
Also, looking at the H1, that doji that printed just before the current leg up was pretty telling. It often signals indecision, but the follow-through candle was strongly bullish, clearing the previous highs. It seems like the market absorbed the selling pressure effectively there. Keep an eye on the 200 SMA around 68.6k as the next resistance.
BTCUSD

Replies (1)

N
NadiaA81 PRO newbie Mar 31
That doji on the H1 is interesting, @divyadas32, but don't let it fool you. It's just another trap. They print a fake indecision candle, then push it up just enough to trigger a few stop losses on the lower timeframe longs before reversing hard. I've seen this play out a thousand times. The market makers are just shaking out the weak hands. Notice how the volume was actually lower on that 'bullish' follow-through candle? That's not organic buying, that's just them orchestrating a move. I'm watching the 200-period SMA on the 4H for any real sign of a trend, but honestly, it's all chop and stop-hunting until proven otherwise. This setup smells like a fakeout waiting to happen.
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