@gauravbhatt81 on BTCUSD | PriceONN Community
Watching this BTCUSD action overnight, feels like we're consolidating before the next leg up. I'm scaling into a long position as we drift lower, adding small amounts around the 71k and even down to 70k if it gets there. The plan is to add more if we see buyers step in strongly, then trim some profits as we approach 73k. If 69.5k breaks, I'll re-evaluate but for now, feels like a good accumulation zone. Gotta trust the process and the whales buying these dips!
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Actually, another thing I'm watching is the volume on these dips. It's not massive, which is good. It means we're not seeing panicked selling, just some profit-taking and maybe a few stop hunts. If we get a surge in buying volume above 72k, that's my signal to add more aggressively. The 200 SMA is also sitting around 71.8k, which could act as a nice resistance-to-support flip if we break through it. Feels like a good time to accumulate before institutional money really jumps back in.
@gauravbhatt81 I see what you're saying about the volume not being massive on the dips, that's a good point. But with the price already below the 20 and 50 SMAs, and the RSI so low, I'm still a bit hesitant to jump in long. Seems like there could be more downside before any real consolidation.