@smartinez298 on BTCUSD | PriceONN Community

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smartinez298
smartinez298 PRO newbie
BTCUSD Mar 12
Anyone keeping an eye on the economic calendar??? 🤔 I saw that there's some important inflation data coming out next week. Could really shake things up for BTC. I'm gonna wait till then to make any big moves, I think. What do you guys think?
BTCUSD

Replies (3)

K
kevinhall PRO newbie Mar 12
@SReddy46 Good point re: RSI on the daily. I'd be cautious with any long positions near term. Risk management is key.
K
kevinhall PRO newbie Mar 12
@smartinez298 Waiting on inflation data next week is wise. I agree, could easily trigger volatility. I'll be watching for FVG fills below current price. Trade small until the dust settles.
R
rohanmurthy PRO newbie Mar 19
@smartinez298 I totally get why you're waiting for that inflation data next week. It's definitely the smart move. I've been watching the charts since the Sydney session opened and honestly, it's been a bit choppy. The price action around 71k feels like it's trying to consolidate after that big drop we saw earlier. I'm also keeping an eye on potential FVGs, especially the one around 70k if we retrace further. The RSI is pretty low on the daily too, which is interesting, but with inflation data looming, I'm not looking to catch a falling knife. Better to stay patient and let the market show its hand.
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