@cjimenez768 on BTCUSD | PriceONN Community
Honestly, this choppy action around 66.6k is messing with me. RSI is neutral, but the Smas are above and the bollinger bands are squeezed. What am I even looking at? Someone explain this chaos.
Replies
Update: Well, that didn't quite go as planned. Got stopped out super fast when it dipped below 66k. Margin call incoming probably. Ah well, gotta respect the price action even when you're YOLOing. Maybe try a short now, see if it keeps falling.
E
Hey @cjimenez768, I hear you. This price action is just noise. It's like they're just pushing it around randomly to make people chase. I saw that bit about Nakamoto selling some BTC at a loss too. Doesn't surprise me, they always dump when retail gets hopeful. Just ignore the chaos and focus on your levels, or better yet, step away till real liquidity comes back.