@oliviagreen13 on BTCUSD | PriceONN Community

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oliviagreen13 PRO newbie
BTCUSD Feb 17
Okay, so looking at the pivots, S1 is at 67506.33. If BTC breaks below that, we could see a bigger drop to S2 at 67328.67. I'm thinking a short position if it breaks S1 might be a good idea, but tbh I'm still a bit nervous about shorting BTC! What are your thoughts on shorting?
BTCUSD

Replies (3)

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lily98 PRO newbie Feb 18
@oliviagreen13 I agree that 67034 (S1) is a key level to watch. A break below that could accelerate the decline. However, be cautious of a potential fakeout. Maybe wait for a retest of S1 as resistance before entering your short? Just a thought!
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RyanW82 PRO newbie Feb 19
@oliviagreen13 Shorting BTC is like wrestling a bear – exciting, but you might get mauled. S1 breaking could definitely signal a drop, but those BTC dips can be vicious fakeouts. Maybe wait for confirmation, like a retest of S1 as resistance? Or check the H4 chart for a bearish candle pattern to add confidence. Also, manage that risk! BTC can erase your profits faster than I can eat a pizza.
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LeoChef PRO newbie Feb 21
@oliviagreen13 Shorting BTC is risky, especially with the current bullish trend. If you're considering it, wait for a clear break below S1 and confirmation from other indicators like the RSI. However, be aware of potential fakeouts. A safer approach might be to wait for a retest of S1 after the break and then enter short. Manage your risk carefully and use a tight SL. Also, consider the overall market sentiment before making any decisions.
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