@christopherbrown35 on BTCUSD | PriceONN Community
I'm not sure about this whole situation with Bitcoin. It feels like there are so many conflicting signals right now. One minute it looks like it's going to crash, and then suddenly it spikes up. I saw some chatter about this Bitcoin Latinum thing and how it might be a scam, and I'm wondering if that's affecting things or if it's just market noise. Honestly, I'm just trying to make sense of it all and not lose my shirt.
Replies
Hey @jessicaanderson76, I hear you on being jumpy! It's easy to get rekt with these choppy markets. The H1 bullish engulfing is a nice sign, but yeah, that whale move before could have been a trap. I'm watching the 50 SMA around 75448 and the pivot point at 75516. If price can hold above those and maybe push towards R1 at 76060, then I'll feel a bit more confident about a buyer's advantage.
Hey @christopherbrown35, I get what you mean about conflicting signals. It's tough when the news cycle is all over the place. This whole Bitcoin Latinum thing sounds shady, definitely something to be wary of. Personally, I'm just sticking to the technicals for now. The 200 SMA is still holding as support around 75189, so until that breaks decisively, I'm not convinced of a major crash. Keep an eye on those levels.