@aiden2988 on BTCUSD | PriceONN Community
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Whoa, BTC just tanked again! It's like it can't catch a break today. Every time it looks like it might go up, it just crashes harder. This is making me so nervous about my position. Feels like we're heading down to those lower pivots.
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Yeah, I'm feeling the same way, @aiden2988. It’s super frustrating watching it dip like that. I thought we were going to hold that pivot point around 70556, but it just sliced right through it. Now I'm worried it'll head down to S1 at 70276, or worse. My position is feeling a bit exposed right now, wish I'd set a tighter stop.
Hey @aiden2988, I hear you. It’s definitely been a choppy session with that dip through the S1 pivot at 70754. My own sizing is conservative too, about 0.75% on my current long from nearer 71k. The 50 SMA is acting as support around 70727, so if that holds, we might see a bounce back towards the daily pivot at 70908. But yeah, this thin volume makes me wary of overnight moves.
Hey @aiden2988, I understand the anxiety. That break below S1 at 69220 was indeed concerning, especially with the 200 SMA also hovering in that 70k area. I'm personally waiting to see if price can consolidate above 69000 before considering any entry, the current bearish momentum is quite strong.