@ibrahim2604 on BTCUSD | PriceONN Community

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I
Hey everyone, this BTCUSD chart is really testing my patience today. It's like it can't decide if it wants to go to the moon or just chill in orbit. We're sitting around 64100, above the 20-SMA but still under the 50-SMA.

With RSI also neutral, what's a beginner like me supposed to do? Any thoughts on potential direction?
BTCUSD

Replies (2)

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ibrahim2604 PRO newbie Feb 24
Adding to my earlier thoughts, it's interesting how close BTC is hovering around the daily pivot point (P=64117). It's almost like it's magnetically drawn to it, refusing to commit to either R1 or S1.

This neutral trend is really making me question my entry strategy for an investment. I usually look for clearer breaks or retests. Maybe I should just wait for a decisive move above 64400 or below 63750 before considering anything. It's a tough market to navigate when you're still learning the ropes, feels like trying to catch smoke. Patience is a virtue, they say, but my portfolio is starting to look bored!
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ibrahim2604 PRO newbie Feb 24
update: I've been looking at the Bollinger Bands too, and the price is right in the middle band. So it's not even hitting the upper or lower boundaries to give a clearer signal. It's like BTC is saying, 'I'll decide when I decide, you just wait.' Very frustrating for an investor trying to spot a trend.
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