Selling is not manipulation
That wick occurs during a cascading stop/liquidation event.
See this:
There has not ever been a single time in crypto history that open interest has remained high
Any time the market gets overleveraged like earlier it gets flushed
That "manipulation" as you call it happens like once per month in crypto
Cascading stops and liquidations
I don't mean OMG manipulation it isnt FAIR!
I m just saying price is being controlled and moved in a controlled way.
price wouldn't move like that if it was just purely 100% retail investors only.
so it is market makers with a lot of capital that do that.
yes the price is being controlled by people selling lol
good news: the price can now continue higher as most of that interest has been flushed
I wish I wasn't a shitter and listened to my shit more
Good news: I was right about under 60k
how?
You really just need to accept these things happening and just trade around them
Wicked to 8k on binance us kek
but like I know this is a solid possibility to happen.
I just didn't think it would happen so soon.
Why wouldn't i set fucking buy orders there. fuck