@andrewtaylor48 on BTCUSD | PriceONN Community

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andrewtaylor48 PRO newbie
BTCUSD Feb 20
Looking at BTCUSD, the 200 SMA is still holding around 68000. Could be a good area to watch for a bounce. RSI is neutral so no clear direction yet. If it breaks below that 200 SMA, we're probably heading lower though.
BTCUSD

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andrewtaylor48 PRO newbie Feb 20
Update: I'm seeing a potential short setup forming on BTCUSD if it fails to break above 67800. The Bollinger Bands are tightening, which often precedes a breakout. I'll be watching for a confirmed bearish candle on the H1 chart before entering. SL around 68300 to protect against a false breakout. Targetting 67000 initially, then maybe lower if the momentum continues. This is just my personal plan, not financial advice of course. Always manage your risk.
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