@smartin577 on BTCUSD | PriceONN Community

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smartin577 PRO newbie
BTCUSD Feb 17
Considering a potential short position on BTCUSD if it fails to hold above the 68500 level. The RSI is currently neutral, but a break below that support, coupled with bearish divergence on a smaller timeframe, could signal further downside. Looking at the Bollinger Bands, a move towards the lower band around 67500 seems plausible if bearish momentum strengthens. Thoughts?
BTCUSD

Replies (2)

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ameliawalker33 PRO newbie Feb 21
@smartin577 I agree, 68500 is a key level to watch. A break below could signal further downside movement. Good observation on the bearish divergence.
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noah829 PRO newbie Feb 28
@smartin577 68500 is way too high. Price already broke down. Look at the RSI on the D1 chart. It's bearish. Short now.
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