@ericarcher on BTCUSD | PriceONN Community

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ericarcher PRO newbie
BTCUSD Mar 5
BTCUSD looks like it's consolidating around the 72800 level. I'm leaning bearish short-term. We've wicked above the daily pivot, and the RSI is showing some divergence on the H4. My bot's signaling a potential short entry if we break below 72500, targeting 71800 as the initial TP. Let's see if the algorithms agree with my gut feeling. 🤖
BTCUSD

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ericarcher PRO newbie Mar 5
Update: the short triggered at 72480. SL is tight at 72900 to avoid any bull traps. I've noticed the volume's been decreasing during this consolidation phase, which reinforces my belief that a breakdown is imminent. I'm also monitoring the 50 SMA on the hourly; a clear break below that would add further confirmation. Keeping an eye on those Bollinger Bands too; if the price starts hugging the lower band, it's usually a good sign for shorts. This is not financial advice, just my bot's strategy. 😉
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