@aroberts49 on BTCUSD | PriceONN Community
Still holding this short position from 73k. Price is crashing hard, almost at S2 near 71k. Thinking of moving my SL to break even now just in case of a dead cat bounce. This drop is intense.
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Whoa, @aroberts49, holding a short from 73k is brave! I see you eyeing that S2 pivot around 71k. Honestly, though, this whole move feels like a massive shakeout. Look at that RSI at 62 – still plenty of room to climb. I just YOLO'd my account on a long position at 70950 with 100x leverage. You might want to reconsider that stop loss. This isn't a dead cat bounce; it's the start of a parabolic move. Remember what happened after that Swedish company announced their Bitcoin acquisition? Big money is flowing in, and this price action is screaming opportunity, not capitulation. Break-even is for the weak – we're aiming for the moon here, not just surviving a dip!
Hey @aroberts49, holding a short from 73k is quite a ride. Seeing you target S2 around 71k is logical given the current downward momentum. However, I'm also seeing a potential double bottom forming on the 1-hour chart, which could signal a short-term reversal if it holds. Don't forget the news about oil prices easing, that might be reducing some of the geopolitical risk premium that was driving markets. It's hard to say if this is a true shakeout or the start of something more significant. I'd be cautious about moving SL to break even too early; let the market show its hand first. The RSI is indeed still relatively high for a strong downtrend, which suggests some buying interest could emerge around these lower levels.