@sMoore76 on BTCUSD | PriceONN Community

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sMoore76 PRO newbie
BTCUSD Mar 5
Looking at the 1-hour chart, BTC seems to be consolidating right now. The RSI is around 60, so not overbought yet, but watching for a potential pullback. Maybe wait for a dip closer to the 20 SMA before considering a long position? Just an idea.
BTCUSD

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S
sMoore76 PRO newbie Mar 5
Update: Just noticed the Bollinger Bands are tightening. Could indicate a breakout is coming, but not sure which way it will go. If it breaks above the upper band around 74100, might be a good long opportunity. Conversely, a break below the lower band around 70800 could signal a short. I'm going to set some price alerts around those levels. Also, the pivot point is at 72533.67, so that's an important level to watch for support or resistance.
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