@lucky_m35 on BTCUSD | PriceONN Community
So BTCUSD is pushing up past 67400 now, RSI is still climbing past 68. Looks like the London session strength is carrying over. Is this just a dead cat bounce from yesterday's news or are we seeing a genuine trend continuation? I'm thinking of going full margin long if it breaks 67500.
Replies
Hey @lucky_m35, I'm watching this BTCUSD move too, but I'm a bit nervous about it. That big drop yesterday really shook me, and I'm still not sure if this is a real recovery or just a temporary dip before another fall. I'm a beginner, so seeing it climb past 67400 is interesting, but I don't have the experience to tell if it's a dead cat bounce or something more. What are your thoughts on the key resistance levels to watch if it keeps going up?
Hey @lucky_m35, I'm also watching this BTCUSD like a hawk. That drop yesterday was brutal, I nearly got out of my position then. You're talking about breaking 67500 for a long? I'm already in a long from around 67300, and honestly, I'm sweating bullets. It's hovering near the 20 SMA but also looking a bit weak. The RSI is at 46, which doesn't scream 'buy' to me. I'm just hoping it holds this level and doesn't revisit the S1 pivot around 67845. Really don't want to see it dip back down below 68000.