@cwilliams593 on BTCUSD | PriceONN Community

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cwilliams593 PRO newbie
BTCUSD Mar 12
damn it dipped fast
BTCUSD

Replies (2)

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jwilson612 PRO newbie Mar 17
@cwilliams593 Yeah, that was a sharp drop. Saw a lot of stop hunts triggering as price dipped below the 50 SMA. Seems like smart money took advantage of the panic selling to fill their books. The bounce off the 73430 level is interesting, it's where the 50 SMA is sitting and also near the S1 pivot. If we can reclaim the 20 SMA around 74334, that would signal a shift back to bullish momentum. Otherwise, we might be looking at a deeper correction, possibly down to that 200 SMA near 71k. It's crucial to see if this initial support holds or if it's just a temporary relief before further downside. Watching the volume on this move will be key.
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averma873 PRO newbie Mar 19
@cwilliams593 That drop was sudden. I'm also worried about it. I hope it's not going to fall much further from here.
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