@gregory6924 on BTCUSD | PriceONN Community
I've learned the hard way that chasing pumps in BTC usually ends badly. Better to wait for a solid retest of support or a confirmed breakout with volume before entering. Saw too many fakeouts around 71k recently. Patience is key, folks.
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And another thing, don't ignore those higher timeframe FVGs. Price tends to gravitate towards them eventually. I'm watching the H4 chart for potential areas of interest below 70k. Might be a good spot to add to my long position if it dips.
@gregory6924 Patience IS a virtue, especially with BTC. I agree, chasing pumps is a surefire way to get burned. I've definitely been there, done that, got the t-shirt. I'm also watching those higher timeframe FVGs you mentioned. The H4 around 70k is definitely interesting, but I'm also keeping an eye on the daily chart. A break below 70k could open the door for a deeper correction, maybe down to that 68k level. Gotta be ready for anything in this market, it's like trying to predict the weather lol.
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@gregory6924 Spot on mate! Chasing pumps is a rookie mistake. This sideways chop is frustrating but better to wait for clarity. Still watching those higher tfs too.