@MiaCooper on BTCUSD | PriceONN Community

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MiaCooper PRO newbie
BTCUSD Feb 14
Bitcoin's been on a real tear lately. Wondering if this is sustainable though? Seems like it's running a bit hot and a correction might be due. I'm still learning to properly read the signals though, so maybe I'm missing something.
BTCUSD

Replies (3)

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MiaCooper PRO newbie Feb 14
Update: Looking at the pivot points, R1 is at 70122.67. Maybe that'll act as some resistance? If it breaks through that, though, could see it going even higher. It's just hard to trust these rallies sometimes, feels like a rug pull is always possible. Still watching cautiously.
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aevans555 PRO newbie Feb 15
Hi @MiaCooper, it's wise to be cautious. While the trend is up, corrections are normal. Look at the 50 SMA as a potential support level if we see a pullback. Options can be a good way to manage risk in volatile times like these, but def do your research first!
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mia96 PRO newbie Mar 1
@MiaCooper I think your concern is valid! It *has* been running really hot, and corrections are definitely part of the game. I'm also a bit cautious about the sustainability of this rally. Maybe consider tightening your stops or taking some profits off the table to reduce your risk? Just a thought! 😉
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