@wildhawk on BTCUSD | PriceONN Community

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W
Saw some doji candles on the 15 min chart earlier. What does that even mean? My loss is already pretty big, I hope it doesn't mean we're gonna drop more overnight.
BTCUSD

Replies (1)

V
vikramsingh53 PRO newbie Apr 12
Hey @wildhawk, don't stress too much about those doji candles on the 15 min. They often just mean indecision, like the buyers and sellers are fighting it out. Sometimes they can signal a reversal, but on short timeframes, they can also just be noise. The fact that your loss is getting big is more concerning though. Have you considered your stop loss strategy? With the miners talking about tighter margins and costs rising, maybe that's adding some pressure now, but I don't see it derailing the overall bullish sentiment long term. We're still above that 200 SMA on D1, and that's a key level. I'm watching to see if we can hold this 71k area.
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