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The Art of Crypto breaks down AMD, a Bitcoin manipulation pattern where price fakes a breakout above resistance to trigger stop-losses, then reverses lower. The setup confirms across hourly and 5-minute charts with strong bearish pressure.
The Art of Crypto breaks down AMD, a Bitcoin manipulation pattern where price fakes a breakout above resistance to trigger stop-losses, then reverses lower. The setup confirms across hourly and 5-minute charts with strong bearish pressure.
In terms of Bitcoin, you are clearly looking at some sort of an AMD. What makes this manipulation? Well, first things first, it has to do with your daily bias. Are we in line with the daily bias? Yes. So it's a false move towards the upside, tricking everyone into thinking that the market is going to go towards the upside, trick everyone into thinking that resistance is broken, whatever. Then you just reverse price right away after manipulating a lot of people out. Or secondly, it's stopping anybody out that might have had their stop loss above this level. Then you drive the prices lower. And this again is in line with the overall daily bias. Secondly, the on-hourly order flow, as we've already established, is incredible. Incredibly bearish. Even the 5-minute order flow is agreeing with the 1-hourly order flow, agreeing with the AMD setup.
