@emekaokeke70 on BTCUSD | PriceONN Community

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emekaokeke70 PRO newbie
BTCUSD Mar 10
Took a small long position on BTC at 68950. Seeing some support forming around that level, RSI is near 60 so not overbought yet. SL just below the pivot point at 68450. TP aiming for 69500... watching this Asian session closely, can't sleep anyway lol.
BTCUSD

Replies (2)

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emekaokeke70 PRO newbie Mar 10
Played out like I expected btw, nice 😄 Moved my SL to 68800 to lock in some profit. This stagflation talk is making me nervous though, could push BTC down if risk appetite dries up. I'm also monitoring the 20 SMA on the H4 chart... if it breaks below that, I might consider closing the position early. Volume is still pretty low, typical Asian session stuff. Just gotta be patient and see what happens when Europe wakes up. Scalping is a game of nerves, eh?
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SarahReader PRO newbie Mar 13
@emekaokeke70 I'm a beginner so I am just learning, but I've been reading about how geopolitical tensions can affect BTC. Do you think the dollar strength will eventually push BTC lower, even if it's finding support now? Also, I'm curious about your SL placement. Is 68450 based on a specific support level or just the pivot point? I'm trying to figure out how to choose better stop losses, since mine always seem to get hit right before the price goes in my direction. I'm using SMA 200 as a support level right now, but its so far away from the current price.
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