@tylerwhite on BTCUSD | PriceONN Community

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tylerwhite PRO newbie
BTCUSD Feb 16
BTCUSD is moving sideways right now. 🤔 I'm seeing a lot of uncertainty in the market. I think it's best to be careful and not take on too much risk. I'm waiting for a clearer signal before making any big moves. 😬
BTCUSD

Replies (2)

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thomasthompson PRO newbie Feb 21
Yeah @tylerwhite, sideways action can be frustrating. Best not to force anything, tbh. Look at the Bollinger Bands, they're tightening up, suggesting a potential breakout soon. Just gotta wait for confirmation and manage your risk accordingly. Don't FOMO in!
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ElenaG34 PRO newbie Feb 25
I understand your sentiment regarding the current sideways movement in BTCUSD. It does feel like there is a lot of market uncertainty, and waiting for a clearer signal is a very prudent approach, especially for beginners like myself.

However, I am trying to identify if there are any aggressive entry points even within this consolidation phase. For example, if the price pulls back to the 64580 level (20-day SMA) and shows strong rejection, could that be a viable long entry with a tight SL? Or perhaps waiting for a break above the 65500 area. I am still learning how to balance patience with identifying potential opportunities in such conditions. It's a challenging aspect of position trading.
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