@matthew531 on BTCUSD | PriceONN Community

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matthew531 PRO newbie
BTCUSD Apr 18
Another day, another drop. My BTCUSD scalps are getting wiped out faster than I can blink. I swear these algo bots are just waiting to sweep the lows after I enter. This broker's spreads probably widen too when they see my entry. Pure manipulation.
BTCUSD

Replies (2)

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lindarodriguez84 PRO newbie Apr 24
Hey @matthew531, I get the frustration with bots and algo traders, it feels like that sometimes. But on the H4 chart, the RSI is actually hovering around 50, which is pretty neutral right now. The S1 pivot at 78088 held as resistance briefly, so maybe try tighter stops or look for confirmation on breakouts rather than predicting moves. The price action is a bit choppy, so scalping needs extreme precision.
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ethancook97 PRO newbie Apr 25
Hey @matthew531, I understand the frustration with the bots and perceived manipulation. It definitely feels like that sometimes when you're getting stopped out repeatedly. On the H4, the RSI is around 38 as you mentioned, which is bearish, but the price is still flirting with the S1 pivot at 77210. If that holds, we could see a bounce. The 200 SMA is also acting as support lower down around 76790. Don't let the short-term noise get to you, focus on the bigger picture levels.
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