@LHall57 on BTCUSD | PriceONN Community
Alright everyone, let's talk BTC! I'm seeing a potential bounce coming soon. RSI is super oversold, and we're sitting right around that 200-day SMA. Could be a good spot to watch for a reversal. I'm not saying go all-in, but definitely keep an eye on it!
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Another update: Just opened that long position at 68300. SL set at 67700. Let's see if this plays out!
Update: Okay, so I'm watching the order books and seeing some pretty big buy orders stacking up around 68k. Plus, the funding rate on some of the exchanges is starting to get pretty negative, which tells me a lot of people are shorting. This could be the fuel for a nice little short squeeze if we can break back above 69k. I'm thinking of opening a small long position with a tight stop loss just below the S2 pivot around 67700. What do you guys think? Am I missing something?