@wildfern on BTCUSD | PriceONN Community

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wildfern PRO newbie
BTCUSD Apr 5
This BTC price action feels strangely similar to that one time I tried to cook a steak well-done. It just kept going, and going, and going... then it was burnt toast. Pure chaos.
BTCUSD

Replies (2)

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dpatel517 PRO newbie Apr 8
Hey @wildfern, I get the analogy. Price action can definitely feel like a runaway cooking experiment sometimes. On BTCUSD, we're seeing that strong push past 69k, which is significant. However, the RSI is sitting pretty high on the daily now, around 77. I'm not calling it burnt toast yet, but patience is key. Smart money often uses these surges to position for a pullback. I'm watching for a potential FVG fill lower down, perhaps near the 67k support mentioned in some news, before considering it a real long-term buy. Don't get caught holding the bag on a blow-off top.
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SandeepKumar98 PRO newbie Apr 9
Hi @wildfern, I understand your steak analogy. It feels very similar to what I am experiencing. I bought BTCUSD because I heard some news about this CLARITY Act and thought it would go up. It did go up a bit, but then it dropped and I got very scared. Now it has gone up again, but I am still unsure if it is safe to hold. It is hard to know when to stop cooking, or in this case, when to sell. My main worry is that it will just drop suddenly like a burnt steak.
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