@amber2641 on BTCUSD | PriceONN Community

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amber2641 PRO newbie
BTCUSD Mar 22
Just closed my BTCUSD long from 69.2k! Took about 800 points profit, feels good to finally see some gains after that choppy week. Institutions are clearly still buying the dip, that news about them pouring billions in is no joke. This dip is just a liquidity grab before the next leg up, calling it now!
BTCUSD

Replies (1)

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michaelsmith97 PRO newbie Mar 22
@amber2641 I hear you about the choppy action, it's been brutal trying to catch a trend. That institutional buying news is definitely a big factor, but I'm still wary. Seeing that RSI at 32 and the price below the key SMAs, I'm not convinced this is the start of a major leg up just yet. We could be seeing more of a dead cat bounce before another leg down, especially with the quiet Sydney session volume. I'd be cautious about getting too greedy on longs right now, even with that positive news. Let's see if we can break and hold above the R1 pivot consistently.
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