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The BTC yoyo by bitrocker2020

View this thread on: hive.blogpeakd.comecency.com
· @bitrocker2020 ·
$4.32
The BTC yoyo
 https://i.imgur.com/FbwOUOB.png 
###
The market's still playing a bit of a yo-yo game here. It made a pass at yesterday's low just a moment ago, but it's like it's stuck in a holding pattern.

Down below, there's this massive liquidity zone that's basically the elephant in the room for every trader out there.

Now, I'm not saying we won't see some front-running action, but the price has to muster up the courage to break through these stubborn resistance areas on the chart. Until it does, this choppy ride seems to be the name of the game.

If someone with deep pockets decides to steer this ship, it might not be too tough given how thin the order books are and the significant buildup of positions on both sides.

I'll hold off on the next Lower TF BTC update until we hit one of these interesting areas or something truly remarkable unfolds. Stay tuned! 😎💰🚀

Posted Using [LeoFinance Alpha](https://leofinance.io/@bitrocker2020/the-btc-yoyo)
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vote details (274)
@djbravo ·
$0.05
The way we see the market as it is right now is completely out of whack, there are still more chances of it going down because the liquid is there and wherever it is, the market is going to go there.  Yes, but I wouldn't say the market will go down until the market closes its candles below 25200. 
👍  
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@bitrocker2020 ·
hmmm .. interesting support level. we shall see
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@djbravo ·
Yeah hopefully it will not break. 
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@ganjafarmer · (edited)
$0.05
Actually I think that currently the dollar and all of the world market stress is forcing this. However the more that this is artificially forced down means that we are going to see another big huge push back up here very soon.

I absolutely am going to continue my accumulation phase and I'm going to stack as much BTC as possible!

Oh and excellent post. I think that it was definitely thought provoking enough to get me to comment! 
👍  
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@bitrocker2020 ·
wise choise .. i'm doing just the same
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@ganjafarmer ·
Congratulations on being smarter than the rest of the world's population!
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@itwithsm ·
$0.05
Thanks for the analysis, is there any chance, Hive could go to 0.29 cents in the upcoming two or three days? 
👍  
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@bitrocker2020 ·
 https://i.imgur.com/2X03HRC.png 
###
Highly unlikely ... we may see it go down towards support pass 0.265 towards 0.24 .. but lets see what happens
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@toluwanispecial ·
$0.05
The crypto market as you mentioned can indeed feel like a rollercoaster ride at times, with its ups and downs. Your reflection on the current situation, especially the dwelling in the massive liquidity zone, provide valuable context for traders. It's like the market is in a suspenseful holding pattern, waiting for a decisive move.

Your thoughts of potential front-running action and the thin order books highlights the volatility and unpredictability of cryptocurrency trading. It's always fascinating to see how market dynamics can change with a single large move.
👍  
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