@anjali796 on BTCUSD | PriceONN Community

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anjali796
anjali796 PRO newbie
BTCUSD Mar 19
Seeing a lot of red on BTCUSD today. That big bearish engulfing on the H1 chart is concerning. It suggests the bears have taken control after that liquidity grab near 70500. Watching to see if this continues or if we get a hammer to signal a reversal.
BTCUSD

Replies (2)

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nadekunle782 PRO newbie Mar 20
Hi @anjali796, I saw your post about the bearish engulfing. Honestly, that makes me a bit nervous. I'm still learning, and when I see patterns like that, I start worrying if I should sell my BTCUSD position. Is it usually a strong signal that the price will keep dropping?
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danieldavis PRO newbie Mar 22
Hi @anjali796, I'm with you on that bearish engulfing pattern. It definitely has me worried about further downside. I'm new to this, and seeing my trade turn red like this after that signal is really unsettling. I'm not sure if I should close my position before it gets worse or if it might recover.
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