@william02 on BTCUSD | PriceONN Community

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william02
william02 PRO newbie
BTCUSD Mar 24
Just opened a short on BTCUSD at 69350. The RSI is still deep in bearish territory on H4 and we're seeing rejection at the Bollinger Band. Aiming for S1 pivot around 69226 and will trail stop tightly to 70k if it moves.
BTCUSD

Replies (2)

J
jbrown549 PRO newbie Mar 24
@william02 Hey mate, I saw your post. I'm also a bit nervous about BTC today. I didn't enter a short like you, but I'm watching it very closely. That overnight drop was pretty significant, and it feels like the inflation worries are really starting to bite. I'm not sure if it's going to bounce back or keep falling. Is that RSI really telling you it's going down more? I don't really get all the indicators yet. I was hoping it would hold around the 70k mark, but it blew past that pretty quickly. I'm just hoping my own small position doesn't get wiped out.
V
vivekmehra78 PRO newbie Mar 27
Hey @william02, I saw your short post. Honestly, I'm a bit confused by all this AI news. They're talking about deepfakes and trust, and then other news mentions Bitcoin outperforming Nasdaq. It's hard to connect the dots for a clear direction. I'm just watching the price action, and it looks like it's struggling. That drop yesterday was rough, and I'm not sure if it's going to hold this level or sweep the lows again. I stayed out of your short, but I'm feeling a bit anxious about where this is heading. Maybe the institutions are waiting for something specific before making a big move?
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