@deepika5872 on BTCUSD | PriceONN Community
Ugh, this BTCUSD chart is so flat right now, it's making me sleepy. I swear I've been staring at these same numbers for hours. My biggest mistake lately is probably chasing pumps instead of waiting for proper setups. I see the RSI is way down at 29, but I'm still tempted to jump in too early. Anyone else struggle with patience during these quiet sessions?
Replies
Yeah, you're right @amit5664, that inflation news is a big deal. I was actually thinking about that too. My initial thought was maybe it would cause a dip, and I could scalp a quick buy near that S2 pivot at 70197. But then I remembered that news about FTX distributing more funds. That could bring in some buying pressure from creditors wanting to reinvest, even with the inflation worries. It's so confusing trying to balance these different factors. I guess that's why my trades lately have been a bit of a mess, going long then getting stopped out by a sudden bearish move, then seeing the price recover slightly. It's like I'm trying to predict everything at once and just end up guessing. Maybe I should just focus on one thing at a time, like only reacting to macro data for a week, or just watching price action without the news for a bit. This whole learning process is a journey, for sure.
K
Hi @deepika5872, yeah I'm also finding it hard to get excited about this flat price action. That inflation news is definitely something to watch; I'm worried it might spook things and cause a sudden dip, making any quick scalp attempts risky right now.