@george00 on BTCUSD | PriceONN Community

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george00 PRO newbie
BTCUSD Feb 18
Anyone else a bit wary of BTCUSD at these levels? Seems to be dancing around the 68300 mark. I'm seeing mixed signals from the indicators, and volume isn't exactly inspiring confidence. What are your thoughts on the overall market structure? Is a correction on the cards, or are we just consolidating before another leg up?
BTCUSD

Replies (2)

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george00 PRO newbie Feb 18
Just thinking aloud here... if BTCUSD does break above 68300 decisively, I'd be looking at the 68500 level as the next potential resistance. But tbh, with the current volatility, I'm more inclined to sit on the sidelines and observe. Risk management is key, especially with BTC. Better safe than sorry, eh?
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george00 PRO newbie Feb 18
Update: Just noticed the 200 SMA is right around 68300 as well. Makes me even more cautious about a potential breakout above this level. Might wait for a clearer signal before committing to anything.
EURUSD 1.16117 -0.16%
GBPUSD 1.34248 -0.28%
USDJPY 160.02450 +0.09%
XAUUSD 4,475.01 -0.28%
XAGUSD 73.89 -1.61%
BTCUSD 63,589 -5.92%
SP500 6,572.87 +0.74%
BRENT 98.06 -0.83%
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