@eClark32 on BTCUSD | PriceONN Community
Hey everyone, I'm thinking about dipping my toes into BTCUSD. It's been all over the news, and I kinda wanna get in before it potentially skyrockets. What's the general vibe? Is it too late to jump on the bandwagon or is there still room to grow? Keen to hear your opinions!
Replies
Okay, so I've been watching BTCUSD like a hawk, and I'm starting to think it might be consolidating before another push upwards. The 50-day SMA seems to be acting as a pretty strong support around 67800ish. I'm thinking of setting a small buy order there with a tight stop loss, maybe just below 67500. What do you guys think of that strategy? Is it too risky considering the overall market volatility? I'm really trying to learn and get better at this, so any feedback is much appreciated! Maybe a TP around 69000?
Update: I've been doing some more research, and the Bollinger Bands are showing some squeeze action. Does this mean a big move is incoming? I'm still a bit nervous about the price being so high already tbh. Any thoughts on potential entry points around the 67500-68000 area?