I had planned to sell this order at 0.0005 yesterday early in the morning when it hit support at 0.005, but I forgot to set the take profit. I got tired and didn’t place the sell order in that zone hahaha
This massive liquidity grab wiped out all the short orders, even the limit ones. I placed my order at 0.024, and it hadn’t even been an hour when I checked the chart: a blatant pump. I wasn’t expecting it, but I still think the team of #Ake is preparing something big. The crypto has been having big rallies for more than 2 months, repeating the same pattern. Personally, I will wait a for it to sweep below 0.012; there is a lot of liquidity from overleveraged traders
!! BTC already seems more like a shitcoin, the value of this crypto is real, but when I refer to it as shitcoins, it’s because its manipulation is blatant. The institutions and funds—banks, etc.—are keeping the largest part of this reserve, massacring us retail investors. This has already gone beyond supply and demand in a natural way. All the rises are artificial. BTC will reach a point where it becomes impossible to analyze it. What sense does it make to do a well-founded analysis based on technicals from smart money, price action, quantitative, algorithmic factors, if at any moment a strong hand comes in and does what it did before—demoralizing millions of traders who probably had a good analysis, but because of this aberration of movement ended up liquidated? These candles are usually the tracks left by strong hands. It will reach the point where BTC becomes a specialized liquidity-extraction asset; the only ones who will benefit are the strong hands!!! This lost the whole decentralization idea when most of it is taken by strong hands in common; it won’t be anything more than another altcoin. That moves in favor of a few hands
Short, honestly, this upswing has too much manipulation. The resistance at 67k broke easily. I think this is just a massive liquidity grab. I doubt Bitcoin will go above 82k, the last supply zone. And if it does reach that zone, the most likely scenario is that it will head to the 85k zone to fill the FVG and activate other orders and stop losses to extract all that liquidity and then move directly to 52k. Honestly, I don’t see this happening today or in the coming month, maybe not even until the end of the year—but one thing is certain: for now, there are no fundamentals that support a move of this magnitude.