@michael85 on BTCUSD | PriceONN Community
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Honestly, I'm a bit lost with BTC right now. The news about the Iran situation potentially easing up is definitely a shot in the arm for risk assets, pushing price past 68k, which is awesome. But then I look at the chart, and it's just choppy around the 200 SMA. The price is sitting right on the S2 pivot, which feels like a critical point. My 100x leverage feels like it's on a tightrope here. If we don't break through R1 soon, I might have to cut my position, but the adrenaline is making me want to hold. This is the gamble, right?
Replies
@michael85 Dude, I feel you on the choppy charts. It's like the bots are just fakin' moves to scare us little guys. But that 200 SMA IS kinda lookin' like a wall. I just YOLO'd my account on a long anyway, so let's hope it's a dead cat bounce for the bears!
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@michael85 That 200 SMA is definitely a key level to watch. The recent jump on that news was strong, but holding above it is the real test. Keep an eye on the S2 pivot too, it might act as support if we see a dip.
@michael85 Yeah, I hear you on the choppy charts man. The news is so mixed, it's hard to tell what's real. Iran easing up is good for risk, sure, but then you got the US inflation worries and that 200 SMA looking like a brick wall. Honestly, I think we're gonna see a liquidity grab soon, probably down towards that S2 pivot you mentioned. I just went full margin long at 72500, betting it all on this thing mooning to 80k by morning. If it goes south, well, ramen for me, but if it pops, it's lambo time! Gotta risk it for the biscuit, right?