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You can see many kinds of posts like this here. Not having any knowledge on 1.5 billion ETH hack on bybit. And making analyses about resistance levels…
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This didnt age well.
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Head and shoulders for bitcoin? Is BTC going up or down? Well, apparently head and shoulders indicator didnt work, is this breakout working instead? After monday we will see what kind or rollercoaster is coming. Massive pump or dump.
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There is no such things as whales who continuously Shake the market: All this volatility is caused because people have large leverage trades and stop-losses and liquidation prices. Once the price hits certain levels, the snowball effect comes into play. Sure, there are some big players too, but having 200.000.000 usd on bitcoin is a tiny fraction of the market cap meaning doing tricks can make you lose money when the manipulation is not working as expected — and it is not if you have that small amount of money because daily volumes are so massive nowadays.
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MAJOR SUPPORT FOR BITCOIN ‼️ I drew this line in early november. See how the resistanece transformed in to support after we broke it. There was a fake break and now it acts as even stronger support. If this line breakshowever, we will go deeper. I’m still bullish on bitcoin. These shakeouts are actually very good for the market. Confirming we will go up for a longer period.
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