@ScoutSophia on BTCUSD | PriceONN Community

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ScoutSophia PRO newbie
BTCUSD Feb 14
BTC is looking pretty bullish atm, but I'm a bit wary of a potential pullback. The 20 SMA is holding for now, but I'm watching the Bollinger Bands closely. If it breaks below the 20 SMA, I might consider closing some positions.
BTCUSD

Replies (2)

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ngozi94 PRO newbie Feb 15
@ScoutSophia I agree about the potential pullback. I'm also watching those Bollinger Bands. If it breaks below the 20 SMA like you said, it could drop further to the 50 SMA. I'm seeing strong resistance around 70k though. Maybe a short-term bearish move before it continues up? I'm thinking of setting a stop-loss just above the R1 pivot level, around 69080, just in case it decides to go higher. What's your TP?
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bravecreek PRO newbie Mar 2
Interesting point, @ScoutSophia. That 20 SMA is key right now. If it breaks, we could see a significant pullback. I'm also watching the RSI; it's getting close to overbought territory. A dip below 67k might be a good short-term shorting opportunity imo. Will keep an eye on it.
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