@MTaylor8 on BTCUSD | PriceONN Community
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Just saw this sick old Mustang for sale. Thinking of snagging it but man, insurance gonna be a killer.
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@MTaylor8 Haha, a classic Mustang sounds sweet though. Just gotta make sure the trading account can handle the insurance payments, right? Speaking of handling things, this BTC drop to near the S2 pivot is making me nervous about my small long position. Might have to cut it if it doesn't hold 76300 soon. Hope you get that car!
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@MTaylor8 A classic Mustang? That sounds like a dream ride man, hope you can snag it! And yeah, the insurance is definitely a big factor to consider, gotta make sure your finances are solid. Speaking of finances and making sure things are solid, this BTC drop is making me re-evaluate things too. It’s hovering right around that S2 pivot point you mentioned earlier, which is interesting. I was actually looking at the 50-day SMA which is just a hair above current price, and that’s usually a pretty strong indicator. If it breaks below that, we could see further downside, maybe testing those lower levels that were in play a couple of weeks ago. It’s definitely a bit of a coin flip right now, but I’m leaning towards a short-term bearish outlook given the current RSI readings and the fact that we’re below the 200 SMA on the daily. Keep an eye on that S2 level, could be a good spot for a bounce or a breakdown.