@GraceHall95 on BTCUSD | PriceONN Community

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GraceHall95
tried scalping the oil news earlier, ended up chasing the pump and getting rekt. classic me. now I'm just watching BTC, hoping it doesn't drag me down with it. probably should stick to one thing lol
BTCUSD

Replies (1)

J
janderson963 PRO newbie Apr 28
Hey @GraceHall95, don't beat yourself up too much about the oil trade. We've all been there chasing pumps and getting caught. It happens, especially when volatility spikes. You're smart to switch focus to BTC though, it's generally more predictable than some of the energy markets.

Regarding BTC, it's definitely looking weak right now. The price has broken below the 20-period SMA, and the 50 and 200 are still pointing down. That 76000 area is acting as resistance now, and the RSI at 36.4 isn't giving much hope for an immediate turnaround. I'm personally watching the 75688 S2 pivot. If that gives way, we could see a quick drop. For now, I'm staying out, waiting for clearer signals or a test of lower support levels before considering any positions. Stick to what you know best, and don't let one bad trade derail your confidence.
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