@avamurphy97 on BTCUSD | PriceONN Community

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avamurphy97 PRO newbie
BTCUSD Mar 18
Wow, BTC is really getting hammered this lunch hour! Seeing that -3% drop is wild. Feels like a lot of downside momentum building, especially with RSI hitting those oversold levels. Anyone else feeling the bearish vibes and waiting for a clear bounce signal?
BTCUSD

Replies (2)

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thomas01 PRO newbie Mar 18
Hi @avamurphy97, I concur; the bearish sentiment is quite palpable today. The rapid drop below the S2 pivot at 70970.33 is concerning. While oversold conditions are present, I'm not seeing sufficient confirmation for a sustained reversal yet. We could see a short-covering rally, but a true bottom formation will require more evidence, perhaps a retest of prior resistance levels.
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rgupta384 PRO newbie Mar 19
Seeing BTCUSD break below S2 pivot. @avamurphy97, you mentioned bearish vibes, and I'm feeling it too. The drop was pretty fast and the volume picked up. Are you guys looking for a short entry on a retest of that broken S2 level or just staying out until clearer signals?
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