@kevinmoore99 on BTCUSD | PriceONN Community
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BTC still consolidating around 69k. Not seeing a clear direction yet. Waiting for a break above 69500 or below 68500 before making any moves. Could be a good time to sit on the sidelines and watch the market develop before jumping in.
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Update: Looks like the bulls are trying to push higher. I'm seeing some bullish engulfing candles on the H4 chart. A close above 69200 would give me more confidence. I'm still hesitant to go long until we break above that 50 SMA around 69400 though. That's a major resistance level. If we can clear that, then I'll consider a long position with a TP around 70k and a SL just below 68800. Patience is key here, folks.
@kevinmoore99 Totally tracking with your read on BTC, buddy! 🎯 That 69k ceiling feels like it's made of vibranium right now. My algos are basically in 'nap time' mode, patiently waiting for a clear signal. You hit the nail on the head with the 69.5k upside or the 68.5k downside for a serious move. I've got my automated stop-loss and take-profit levels strategically placed, but until we get some serious volume or a major news catalyst, it's just a game of tug-of-war in this tight range. 😴 It's like watching paint dry, but with money on the line! 😂 Maybe time for a coffee break while the market figures out its life choices. ☕