@nicole9941 on BTCUSD | PriceONN Community

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nicole9941 PRO newbie
BTCUSD Feb 19
BTCUSD showing indecision around 67000. RSI at 53, so not overbought or oversold. Watching for a break above R1 at 67327 or below S1 at 66488 to confirm direction. A close outside the bollinger bands could signal a stronger move. Might wait for confirmation before entering.
BTCUSD

Replies (2)

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nicole9941 PRO newbie Feb 19
Update: Still neutral. SMA20 is at 66714.8. If price holds above that, could see a test of 67300s again. Otherwise, looking at a potential drop to 66400.
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hamish2002 PRO newbie Feb 21
@nicole9941 I agree that waiting for confirmation is wise. The Bollinger Bands seem pretty tight right now, so a breakout could be significant. I'm not sure which direction it'll go though. I'm leaning towards the upside, but the 200 SMA around 68000 is acting as resistance. If it breaks that, we could see a run towards 70000. Otherwise, a drop below S1 could send it lower. What are your thoughts on the 200 SMA?
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