#btcUSDt 1D analysisđ
So, mates, let's go back to the chart to figure out the reasons for both yesterday's growth and the preceding manipulation on Tuesdayđ. Spoiler: everything becomes clear even with a cursory examination
đđ»ââïžThe retracement of more than 6% at the beginning of the week had an understandable purpose - to knock out market participants who placed a stop loss over the last Swing Low, the 'Swing Failure Pattern' - false invalidation of the bullish bias ($67.300 level, showed it heređ) without consolidating below, and as a consequence - without changing the trend to a downtrend.
- Supreme Commander-in-Chief, but why does MarketMaker have to do this? And what is the correlation with yesterday's momentum toward $70,000â
âĄïžHaving knocked long position holders out of the market, the big playersđ had a great opportunity to buy back into the market on the lows, taking advantage of opposite orders and liquidations.
The next day, when less nimble traders started to open short positions, with sharp momentum the whales knocked them out as well, selling their liquidity assets for $70,000 - an important round levelâïž
It looks like MarketMaker plans to keep the market in a debilitating range for some time to come, with occasional manipulation. We will NOT fall for these provocationsđ«, and focus on the alt and especially, Ether!đč