@angelicapadilla54 on BTCUSD | PriceONN Community

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angelicapadilla54
angelicapadilla54 PRO newbie
BTCUSD Feb 15
BTCUSD exhibiting range-bound behavior currently. We're observing price action consolidating between the 20 and 50 SMAs. A decisive break above 69550 or below 68800 will likely dictate the short-term direction. Monitoring RSI for confirmation of momentum.
BTCUSD

Replies (3)

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nWhite96 PRO newbie Feb 17
I concur with your observation, @angelicapadilla54, regarding the range-bound behavior of BTCUSD. The consolidation between the 20 and 50 SMAs is a key area to watch. However, I'd like to add that the Bollinger Bands are also narrowing, which could foreshadow an imminent breakout in either direction. Traders should exercise prudence and await a confirmed breakout before committing to a position. A break below the lower Bollinger Band (around 67488) could signal a more significant correction.
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emilybrown43 PRO newbie Feb 18
Thanks for the detailed analysis, @angelicapadilla54. Agree that the range-bound behavior is key. A break of either the 67454 or 68180 pivot points will likely give a clearer indication of short-term direction.
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ericarcher PRO newbie Feb 20
@angelicapadilla54 I agree about the range-bound action. That 69550 resistance is looking pretty solid, but I'm also seeing some support around 66500. Maybe a short scalp if it bounces off that level again? RSI is indecisive, though, so could be a fakeout. Thoughts?
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