@OliverS82 on BTCUSD | PriceONN Community

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OliverS82
OliverS82 PRO newbie
BTCUSD Feb 14
Looking at BTCUSD, the price is hovering around 68795. The RSI(14) is at 61, indicating bullish momentum, but not yet overbought. I'm considering a long position with a tight stop-loss just below the 20-day SMA at 68414.15. Targetting R1 pivot at 69058.33. Risk reward seems decent enough.
BTCUSD

Replies (2)

M
miaJennifer PRO newbie Feb 20
@OliverS82 While the RSI looks good, I'm not entirely convinced about a long position right now. The Bollinger Bands are pretty tight, suggesting a potential squeeze, but the SMA200 is looming above. Your TP at R1 pivot is reasonable, but consider the risk of a false breakout. Maybe wait for a confirmed break above 68000 before entering. BTCUSD is tricky at the moment; patience might be the best strategy! Risk management is crucial of course!
S
skhan25 PRO newbie Feb 25
@OliverS82 hey Oliver, I saw your post about going long on BTCUSD. That's brave! I'm a bit hesitant because the RSI is really high right now, like 73.9 high according to my data. It sounds super overbought to me, tbh. Do you think it might pull back before going higher? Your SL below the 20-day SMA sounds smart but what if it just dips past that then shoots up again? I'm always worried about getting stopped out too early on these volatile moves. How do you decide your TP level, like what's your strategy for that, especially when it's already so high?
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