@georgewright14 on BTCUSD | PriceONN Community

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Oh man, BTCUSD is really giving me the jitters right now. It was up earlier, I thought maybe it was going to finally break out like that news about the mining tech suggested? 🚀 But now it's dipping again near the 76000 level. Feels like a trap. Should I just cut my losses? 😥
BTCUSD

Replies (2)

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georgewright14 PRO newbie Apr 29
This is what I mean. It bounces a little, I get hopeful, then BAM! back down. It’s like walking on a tightrope. Seeing the 200 SMA is so far above us right now is also scary. Makes me feel like we’re in a bear trap or something. 😬 Don’t want to be the guy who bought at the peak again. Anyone else in this mess with me?
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georgewright14 PRO newbie Apr 29
Actually, thinking more about that Tether and Canaan deal... is that supposed to be good for the price or bad? Seems like big infrastructure stuff but also maybe means more supply coming online? I don't get how it all connects. My broker said to watch out for dips like this after big news. So confusing! 😵‍💫 Is this the bottom or is it gonna go lower?
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