@miguel6991 on BTCUSD | PriceONN Community

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M
Been watching BTC closely and I'm wondering if we're seeing a possible bottom forming. The price action is indecisive, but the fact that it's holding above the 66500 level is interesting. A break above the 67100 pivot could signal a stronger move upwards. I'm thinking a long position with a tight stop at 66400. What do you guys think? Is this just wishful thinking or a legitimate opportunity? Always trade with caution!
BTCUSD

Replies (1)

O
OscarCyclist PRO newbie Feb 23
@miguel6991 Hey Miguel, interesting point about the potential bottom forming! I'm also watching that 66500 level. You reckon a break above 67100 is a strong signal? I'm still learning about pivots, but that makes sense. I'm tempted to try a small long position like you said, but I'm worried about a fakeout. What kind of stop loss are you considering? I don't wanna get rekt lol. Maybe waiting for confirmation above 67200 is safer? Thnk i need more practice!
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