@brittany2972 on BTCUSD | PriceONN Community
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Anyone else a little nervous about BTC at these levels? The 200 SMA is right around here, but it feels like it could drop pretty fast if we get some bad news. What's everyone's take on the overall sentiment right now? I'm thinking of tightening my stops.
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Update: Okay, after looking at the H4 chart, I'm feeling a little more bullish. The Bollinger Bands are still pretty wide, indicating continued volatility, but we're holding above the middle band. I'm thinking a small long position with a tight SL just below the 20 SMA might be worth a shot. But I'm still watching the news closely. Any big dumps incoming and I'm outttaaa there. What do y'all think?
@brittany2972 Yeah, I'm feeling the nervousness too. That 200 SMA is looming like a dark cloud lol. Tightening stops is probably a smart move. Better safe than sorry in this market. I mean, it's BTC, anything can happen. Good luck!