@suresh9617 on BTCUSD | PriceONN Community

@suresh9617 I totally get waiting for confirmation. I tried to catch a falling knife earlier and it just kept slicing my account. Patience is definitely key with this market.

@suresh9617 I feel you on the falling knife situation. I tried to catch one around the 71k mark earlier, thinking it was a dip, and boy was I wrong. It just kept sliding. It's tempting to jump in when you see RSI looking oversold, but you're right, confirmation is key. I'm watching that 70000 level very closely now. If it holds, maybe we can see a small bounce, but if it breaks, I'm not sure how far down we could go. The 200 SMA is way up at 71861, so there's a lot of resistance above if we do get a recovery, but the immediate price action looks weak.

@suresh9617 You mentioned watching H1 for confirmation. Have you observed any specific candlestick patterns forming near the S1 pivot point around 69,562?

Seriously @suresh9617, waiting for confirmation candles? That's for beginners! I YOLO'd my entire account on this BTCUSD pump when it bounced off the 20 SMA. Sure, it dipped a bit, but who cares about a few hundred points when we're talking about hitting 80k next week? Those institutional investors are not putting billions in for nothing, you know. They see what I see – a rocket ship ready for launch. You guys can keep your 'confirmation candles', I'll be counting my millions. This RSI at 56 is just a mild warm-up.