@nsheikh471 on BTCUSD | PriceONN Community
I swear I just bought BTC at like 70800 and now it's dipping back down to 70700. This is exactly what happened last week when I thought it was going up after hearing about institutions piling in. Feels like I always buy at the worst possible time, fml.
Replies
Wait, maybe that doji thing means it's gonna reverse? If it goes up I might close my position then. Need to check the news again to see if anything else is happening.
Hey @nsheikh471, I see you're trying to catch a falling knife there. That dip below 66k looks like pure inducement to me, designed to trap retail buyers before the next leg down. With the Fed signaling potential hikes and global risk off, this price action is textbook bear flag continuation. Definitely wouldn't be going long here, NFA.
Hey @nsheikh471, I feel you! It's so hard when you buy and it immediately goes the wrong way. This drop below 66k is really scary, and I'm not sure about that doji either. I'm also a bit worried about what @ebell899 said about it being a trap, that sounds plausible with how fast it's falling. I'm just watching my own position with my fingers crossed right now.