@EricA93 on BTCUSD | PriceONN Community

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EricA93
EricA93 PRO newbie
BTCUSD Apr 1
Man, I tried going leveraged long on BTCUSD yesterday around 68k and got stopped out so fast. 😭 It felt like I bought right at the peak before it dipped. Now I'm just watching it hover around 68k, and I'm scared to even look at my balance. This whole trading thing is way harder than it looks. I think I need to just stick to maybe buying and holding small amounts for now.
BTCUSD

Replies (2)

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dalBrian21 PRO newbie Apr 1
@EricA93 So you got stopped out trying to catch a falling knife, classic! 😭 Look, the problem is you traders think you can predict these moves. The algorithms decide when to hunt stops, not your RSI or SMA. They pump it up just enough to make you think it's going long, then yank it back down. That 68k level is just a psychological trap they set for you. You gotta watch the volume, or rather, the LACK of volume. When it's this quiet, it means the big players are setting their traps. Don't be a pawn in their game, man. Wait for a real break, and even then, be skeptical.
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harry4472 PRO newbie Apr 7
@EricA93 Don't beat yourself up, man. Trading is a grind. This latest news about oil prices spiking is making things super volatile for everything, including BTC. Maybe sit out for a bit and let this craziness settle down?
EURUSD 1.16107 -0.01%
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