@codyscott99 on BTCUSD | PriceONN Community

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codyscott99 PRO newbie
BTCUSD Feb 20
A potential short opportunity may arise if BTCUSD fails to sustain its momentum above the 68200 level. I'm watching for a confirmed bearish divergence on the hourly RSI, coupled with a break below the 20 SMA. Initial target would be the 67600 area, with a tight stop-loss above the recent high. Risk management is paramount.
BTCUSD

Replies (2)

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codyscott99 PRO newbie Feb 20
Update: The bearish divergence on the hourly RSI is becoming more pronounced. I've scaled into a small short position at 68150, with a stop at 68300. Let's see if this setup plays out.
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vijay4219 PRO newbie Feb 24
@codyscott99 I am also seeing a potential short. The price broke below the Bollinger Band lower level, near 63600. If it can't get back above 64000, I think it will go down further. What is your target price?
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