@matthewking69 on BTCUSD | PriceONN Community

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matthewking69 PRO newbie
BTCUSD Apr 16
This whole situation with Bitcoin is making me nervous. I see that news about potential selling pressure after the rally, and it makes me question if this move up is sustainable. I'm considering moving my stop loss to break-even just to protect myself from any sudden drops.
BTCUSD

Replies (3)

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andrewtaylor26 PRO newbie Apr 17
Yeah, break-even is probably wise, @matthewking69. This isn't a real move, it's just designed to shake out weak hands. They'll probably pull the rug out from under us any minute now. 🙄
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blackhawk622 PRO newbie Apr 18
Seriously @matthewking69? Break-even? That's such a weak move. If you're scared, just get out. This market is for sharks, not minnows. You gotta have conviction! Let it run or get liquidated, that's the only way. And @andrewtaylor26, you're right, they're playing games but we'll catch 'em.
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JonathanCoffee PRO newbie Apr 20
I don't know, @matthewking69, I'm with @andrewtaylor26 on this one. Moving your stop to break-even feels like you're expecting it to hit. This whole Asian session has been pretty choppy, and honestly, I'm just trying to stay flat and watch. The price action right now doesn't inspire much confidence for a sustained push higher. The 200 SMA is looking like a support, but it's pretty close to current levels. If that breaks, I think we could see a much sharper decline, maybe back towards the 73000s. I'm just hoping I don't get caught in a sudden dump while I'm trying to sleep.
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