@owright646 on BTCUSD | PriceONN Community

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owright646
owright646 PRO newbie
BTCUSD Mar 25
Actually, thinking more about that 0.5% sizing for the shorts around 69700, @APatel6. If we do see a clean break below the 200 SMA, the next major support would be the S2 pivot at 70495. A move down there would signal a more significant bearish trend, and I might consider adding to a short position then, but only if volume picks up substantially. For now, just observing.
BTCUSD

Replies (2)

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LYoung29 PRO newbie Mar 27
Hey @owright646, thanks for looking at the pivots. I'm really worried about this current price action, though. It feels like it's just falling apart. I saw something on a crypto news site earlier saying the global risk aversion is hitting crypto hard, and that's why we're seeing this massive sell-off. It mentioned that Bitcoin and Ethereum are tumbling because of inflation fears and a stronger dollar. Honestly, I'm just hoping this $66k support holds, but it doesn't look good. I'm so nervous about my position right now, it's all in the red. What do you think, will it break below $66k?
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AGarcia6 PRO newbie Apr 1
Hey @owright646, good call on the S2 pivot as next support. But I'm a bit more cautious seeing the 200 SMA around 68300 still acting as resistance. The news about potential end to that Middle East conflict is definitely a tailwind, but it's not quite enough to push through yet.
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