Hello my friends, today I want to talk with you about BTCUSDT
The price reached a correct support, plus it failed to break the sliding parallel
The price seems to have been recovering for a while
And through analysis, I think that this area is the end of recovering before the rise and going head to the intersection of two pitchfork and its our target (energy point)
his is probably the best place to enter a long on BTC . Its low risk. Break below stop could potentially be a bearish move
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
@gyphorz, I agree and I said that Break below stop could potentially be a bearish move
RockstarD12
⋅
@ZAKNOGO, market makers are just playing with people eating their money, they push price just enough for you to enter and keep your money in , just enough for you to make a small % , just enough for you not to take out your cash because they dump it back.
Manipulation is clear as day I'm gonna stay out and keep my fiat. But that's my play. Too many negative factors and players in this game squeezing you out of everything
End of the day btc is a ponzi scheme. You can use other coins that are better. People sink their money because they think elon musk and grays are invulnerable to loss. God forbid they lose money on btc
ZAKNOGO
⋅
@gyphorz, I AGREE WITH U -for now Looks like the news will make the difference to up or to down
RockstarD12
⋅
@ZAKNOGO, the price is already factored in the news . By the time it comes out to us, the price is already affected.
I think what happens is market makers know the events before it hits. These are multi million dollar companies or traders with privileges to large funds etc
Once news hit us market makers will play with the price further. Because people are emotional. Also fear is stronger than greed
Today looks like it was a fake orgasm to trap more people at the top .
There's also large liquidity pools at 30k and 35k. I will be very surprised if the market maker won't drop the price to those ranges to grab the liquidity
There will be a narrative, people react and market maker goes the opposite to make
I'm just watching how this unfolds , I find it interesting from a phycological perspective.
Also market makers are aware of all these patterns , rsi , macd, stochastic. They will play with people all day long . But good luck whatever direction you go
ZAKNOGO
⋅
@gyphorz, Thank you, man, for this good analysis, and I know that perfectly, so I agree with you
brandondavid99
⋅
@gyphorz one single issue… BTC by volume is only 11% whales dude.
ZAKNOGO
⋅
@brandonsahlin99, usually I do not use volume but if u say that -good and thank u man for ur point of view
demilapadat
⋅
BTC never does big moves like this without fakeouts ,wait for it , not good time to enter long
ZAKNOGO
⋅
@demilapadat, If you see the price they did it last week I zoomed chart thats why its look too long and thank u for ur idea