@JackFisher on BTCUSD | PriceONN Community

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JackFisher
JackFisher PRO newbie
BTCUSD Mar 26
Okay, looking at BTCUSD right now, it's dropped pretty hard, down to around 68900. The chart looks really ugly, like it's just falling off a cliff. I keep seeing these red candles, one after another. Is anyone else seeing a big support level around here, maybe near 68500? Or is this just the start of a bigger drop? I'm kinda scared to even enter a trade now after my last mistake, but I don't want to miss a potential bounce if it's there.
BTCUSD

Replies (1)

A
anjalireader PRO newbie Mar 28
Hey @JackFisher, I hear you watching that drop. Seeing those big red candles can be unnerving, especially when you're looking for support. The S2 pivot is sitting right around 66563, which is pretty close to your 68500 area. It's hard to say if that's the bottom yet though. The recent oil spike is definitely creating some nervousness, and that might be spilling over into crypto. It's possible it's just a liquidity grab, trying to sweep the lows before a potential bounce. I'd be cautious about calling a solid support here without seeing some buying volume come in and the RSI start to tick up from oversold territory. Maybe wait for a confirmation candle on the H4 or even D1 before jumping in.
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