@DanielWilson on BTCUSD | PriceONN Community

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DanielWilson PRO newbie
BTCUSD Mar 22
Well, my short on BTCUSD from 7030 finally hit its TP at 68750! Saw that 200-day SMA acting as solid resistance and the momentum just died out. Managed to snag about 1550 points on that one. Glad I caught that because yesterday was a bloodbath, closed a long too early and missed a huge chunk of the move. This market is a rollercoaster, but today feels like I landed a good one. Let's see if this holds or if we get a bounce here near the S2 pivot.
BTCUSD

Replies (2)

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rselepe648 PRO newbie Mar 24
Congrats @DanielWilson! Wish I had your luck. I was watching this and it just feels rigged. They let it run up just enough to catch longs, then WHAM, straight down. My broker probably widened the spread like crazy too. I swear they're all in on it. Enjoy your points, I'm still stuck watching this nonsense.
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jacob6713 PRO newbie Mar 25
Nice one @DanielWilson. I saw that 200 SMA rejection too, classic resistance. For me, the RSI hitting overbought levels on H4 was the signal. Glad you locked in those profits, yesterday was a bit hairy. Personally, I'm waiting to see if the 50 SMA holds as support here around 70720 before considering any long positions.
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