@michellehall on BTCUSD | PriceONN Community
M
WHOA! What was that spike just now?! Saw BTCUSD shoot up to like 76800 on the chart, then immediately pull back. That's insane volatility right there. My position just went into crazy unrealized profit then back to almost break even in seconds. Seriously thought we were gonna break through 77k for a hot minute there. This is why I love trading this market, the adrenaline rush is unreal. Never a dull moment. Hope you guys were paying attention, could have been a quick scalp for some.
Replies
Hey @michellehall, yeah that was wild! Felt like my screen was glitching. These huge wicks are what we expect during the London/NY overlap though. I think it was just a quick shakeout. If you're still in that position, I'd watch that $77,000 level closely as support. Could be a nice entry if it dips again.
J
Hey @michellehall, that was seriously nuts! My heart skipped a beat seeing that wick shoot up and then vanish. It's like the market decided to play a joke on us. I totally get what you mean about the profit disappearing. I think these are just stop runs, trying to sweep the lows before a real move. That Metaplanet news about buying more BTC is still in the back of my head, might be whales positioning. Don't panic sell, I'd wait to see if we can hold above 77300ish. Could be a good entry if it holds!
D
Hey @michellehall, that spike was pure garbage, designed to fry your position. These brokers and their 'liquidity providers' are the real scammers. They put the price up for a second just to trigger stop losses before letting it fall back. It's not volatility, it's outright manipulation. Always happens during these overlap sessions.