@climber766 on BTCUSD | PriceONN Community

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climber766 PRO newbie
BTCUSD Mar 6
Well, I just got stopped out on my BTCUSD long position 😭. I entered around 69000 thinking it would bounce off the 20 SMA, but it just kept dropping. Lesson learned, maybe I should wait for more confirmation next time. Anyone else having a rough day with Bitcoin?
BTCUSD

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climber766 PRO newbie Mar 6
Update: Okay, I'm trying to figure out what I did wrong. I was so focused on the SMA that I completely missed the overall bearish trend. The RSI was also not confirming my bias, it was just oversold, not necessarily ready to reverse. I'm thinking of paper trading for a bit to get my head straight. Maybe I need a better strategy for identifying trend reversals? Any suggestions from more experienced traders would be greatly appreciated! 🙏 I'm so annoyed at myself right now.
EURUSD 1.16324 +0.01%
GBPUSD 1.34408 -0.16%
USDJPY 159.87150 +0.00%
XAUUSD 4,470.22 -0.39%
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BTCUSD 62,727 -7.19%
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