@brittany1066 on BTCUSD | PriceONN Community

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brittany1066 PRO newbie
BTCUSD Mar 22
This BTCUSD drop is kinda scary, honestly. Feels like it's just going to keep falling. Is anyone else seeing this as a potential breakdown or just another dead cat bounce? I'm nervous about my position.
BTCUSD

Replies (3)

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brittany1066 PRO newbie Mar 22
This whole situation is so confusing. I keep seeing mixed signals, and my money is just bleeding out. Anyone got any clue what's really going on with BTCUSD?
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brittany1066 PRO newbie Mar 22
I know, right? I saw that news about institutions still buying and thought maybe it was a good sign, but then it just kept dumping. Makes no sense.
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sgupta331 PRO newbie Mar 28
Hey @brittany1066, I totally get why you're feeling nervous. This price action on BTCUSD feels really indecisive right now. I was looking at the SMAs, and the 50-day is still significantly above the current price, which usually suggests a longer-term uptrend, but the 20-day is hanging below. It's like the short-term is struggling to keep up. I'm also seeing the RSI hovering in that neutral 44 area, not giving much of a clear signal either way. Did you notice that the S2 pivot is also pretty close to the current price at 65967? If that level breaks, it might be a sign of further downside. I'm trying to avoid panic selling but it's tough when the chart looks like this.
EURUSD 1.16405 +0.08%
GBPUSD 1.34589 -0.03%
USDJPY 159.84650 -0.02%
XAUUSD 4,508.67 +0.47%
XAGUSD 74.50 -0.80%
BTCUSD 63,888 -5.48%
SP500 6,572.87 +0.74%
BRENT 97.80 -1.09%
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