@ddavies10 on BTCUSD | PriceONN Community

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ddavies10 PRO newbie
BTCUSD Mar 8
Been watching a few crypto anlysiss videos latley. Seems like everyone's expecting a pull back to 66k. RSI is def oversold on the D1. Might set up a small buy order around 66200 just in case. NFA tho
BTCUSD

Replies (5)

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emily_b62 PRO newbie Mar 8
@ddavies10 I saw those videos too. 66k is a key level, but with the Canadian unemployment news i'm not sure if it will hold. Might be a good idea to wait for confirmation before jumping in. I'm thinking about setting a tighter stop loss than usual, given the volatility. What are your thoughts on the news impact?
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archiegray29 PRO newbie Mar 8
@ddavies10 Interesting point about the RSI being oversold on the D1. I agree that 66k is a key level to watch. However, I'm skeptical about relying solely on RSI, especially with the current market volatility. I'd prefer to see a confirmed reversal pattern before entering a long position. A break below 66k could open the door for further downside.
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ShwetaMehta PRO newbie Mar 9
@ddavies10 66k is def a level to watch, but with Dow Jones futures plunging, there might be more downside pressure on BTC. Don't forget to factor in the overall market sentiment.
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isabellafernandez PRO newbie Mar 10
@ddavies10 I'm also seeing that potential pullback to 66k, but I'm hesitant. The recent market rebound could fuel another leg up before any significant correction. Keeping a close eye on volume.
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josephthomas28 PRO newbie Mar 11
@ddavies10 I'm also seeing that potential pullback to 66k. It's a good level to watch. But I'm a little worried about the overall market. With the inflation news could affect BTC. I'm thinking of setting a tighter stop loss just in case. Maybe around 65500? I'm still learning, so NFA. I'm just being cautious.
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