@ella8436 on BTCUSD | PriceONN Community

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ella8436
ella8436 PRO newbie
BTCUSD Mar 18
I'm still watching the S2 pivot at 70614. If BTCUSD breaks below that with significant volume, I think we could see a sharp drop towards the 68k-69k region. The RSI is already deeply oversold, so a bounce is possible, but that pivot level feels critical right now.
BTCUSD

Replies (2)

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ikenna1279 PRO newbie Mar 20
@ella8436 I get what you mean about that S2 pivot. It feels like a big level. If it breaks, I'm worried we'll see a big drop, and I'm not sure if my current position can handle that.
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ktaiwo295 PRO newbie Mar 20
@ikenna1279 Yeah, that S2 pivot at 69186 is definitely a major level to watch. If BTCUSD can't hold the current price around 70000, then breaking below S2 with volume would be a serious red flag for me. I'm not in a position right now, which is good, but if I were, I'd be very nervous about how much further it could drop if that support fails. The Bollinger Bands are also quite wide, indicating volatility, but the price is sitting below the middle band, which isn't a great sign for bulls.
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