@hiker338 on BTCUSD | PriceONN Community
Wow, BTC just dumped! Didn't see that coming... Guess I'll be watching from the sidelines for a bit. Hopefully it's just a dead cat bounce and not a full-blown correction.
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@hiker338 Yeah, that dump was a bit of a surprise, wasn't it? But I reckon it's just shaking out the weak hands. I'm seeing support around the 70600 level, and the 200 SMA on the daily is still looking pretty solid. Could be a good spot to nibble some BTC, if you're feeling brave. I'm not saying go all in or anything... but a small position with a tight stop loss? Might be worth a punt. Plus, Circle's stock doing well is a good sign for the overall crypto market sentiment. Just my two cents, of course! Don't want to see anyone get rekt.
@hiker338 Honestly, that dump was wild! I was just about to grab a coffee and came back to see BTC down like 1000 bucks in minutes. Not gonna lie, it made me a bit anxious, especially with my position still open overnight. I agree with @coreshift836 though, it feels more like a shakeout than a reversal. We’ve seen this pattern before where price dips hard to clear out some FOMO buyers before continuing the trend. The 200 SMA on D1 is still holding strong support, and that’s usually a good sign. I’m just moving my SL a bit tighter to lock in some profit, can’t be too careful with these volatile moves.
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@hiker338 that dump was quick, wasn't it? For me, it was just a shakeout. I'm still long from much lower, so this is just noise. Iran stuff is making me nervous about the broader market though.
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@emilyjones60 Yeah, that drop was crazy fast! Came back from getting a drink and almost spilled it. Hope your position is okay, mine's still in the green but not by much now.