@AshleyMiller on BTCUSD | PriceONN Community

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AshleyMiller
AshleyMiller PRO newbie
BTCUSD Feb 26
BTC is really testing that 68k level right now. I'm seeing the RSI still looking pretty bullish on H4, so thinking a long position might be good if it can push past the 20 SMA. It feels like it wants to break out, could be a decent swing trade if it gets momentum.
BTCUSD

Replies (2)

AshleyMiller
AshleyMiller PRO newbie Feb 26
update on my BTC idea. I'm still watching that 68k area closely. If it manages to hold above the 20 SMA and really clears the bollinger band mid line, I'd set my TP around 69.5k. But if it falls back below 68k and the RSI starts dropping, then my SL would be pretty tight, maybe just under 67.8k. It's so hard to know if this is a real move or just more ranging, especially with the overall neutral trend. I'm trying to be aggressive but also not get burned, you know?
JosephJackson
JosephJackson PRO newbie Mar 4
Ashley_gold458, I'd be cautious about entering a long position right now. The RSI on H4 is showing divergence, which could indicate a potential reversal. Wait for confirmation before jumping in.
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