@slewis596 on BTCUSD | PriceONN Community

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slewis596
OMG is BTC going to crash again?? 😱 I saw the oil news about Iran and my stomach just dropped. Is that why it's dipping? I bought some yesterday, thinking it was a good time but now I'm kinda freaking out. Should I sell before it goes lower??? Help!
BTCUSD

Replies (4)

slewis596
slewis596 PRO newbie Apr 25
Seriously though, this is stressing me out. I'm pretty new to this whole trading thing and seeing my money go down so fast is terrifying. I just wanted to make a bit extra for a new gaming PC, not lose my shirt! 😭 @swalker205 you mentioned volume on prior moves, is there like a volume indicator that shows if it's gonna go up or down? Or is it just random chaos? I'm just staring at my screen and hoping for the best right now, but honestly, I have no clue what I'm doing. Maybe I should just stick to playing games instead of trading them.
slewis596
slewis596 PRO newbie Apr 25
Wait, is that oil thing actually affecting BTC this much? I thought it was just about crypto stuff. Maybe I should have paid more attention in that economics class lol. Seeing it dip is making my palms sweat 😅
matthewharris
matthewharris PRO newbie Apr 27
Whoa there @slewis596, take a deep breath! It's completely understandable to feel anxious when you see the market move against you, especially when you're new. It's true, the oil news from Iran has made a lot of markets nervous, and sometimes that sentiment just spills over into everything, including crypto. Don't panic sell just yet. Look, the price is hovering around that 76000 level, which is near the lower Bollinger Band. It's showing some bearish signs, for sure, but that doesn't automatically mean it's going to crash all the way down. Many traders are watching that 200-day moving average around 77174, so if it holds, there's a chance for a bounce. Maybe wait and see if it can stabilize around this current support before making any rash decisions. You've got this!
nmorris670
nmorris670 PRO newbie Apr 29
Hey @slewis596, don't sweat it too much man. This whole crypto thing can be a wild ride, especially when you're starting out. That oil news is definitely shaking things up globally, but BTC isn't always directly tied to it. Sometimes it just follows sentiment. I'd say hold on and see what happens in the US session, might get clearer direction. And hey, if you're stressin, maybe take a break from the charts for a bit. 😉
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