@ewright547 on BTCUSD | PriceONN Community

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ewright547
ewright547 PRO newbie
BTCUSD Apr 2
Been listening to some podcasts this morning, and a lot of them are talking about that Riot Platforms wallet movement. 500 BTC out is a decent chunk, and it aligns with the broader miner selling trend we've seen. Makes me a bit cautious on BTC's short-term upside, especially with us hovering near that S2 pivot level.
BTCUSD

Replies (1)

G
gopal_d19 PRO newbie Apr 8
Hey @ewright547, yeah that miner selling is definitely something to keep an eye on. It's a bit concerning when large amounts move out of wallets like that, could signal distribution. Combined with the RSI being so high, I agree it makes me a bit hesitant to go long aggressively right now. Maybe a short-term consolidation is on the cards.
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