@fcarter366 on BTCUSD | PriceONN Community

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fcarter366 PRO newbie
BTCUSD Feb 22
I'm thinking BTC might consolidate a bit around the 50-day SMA. It's been acting as support recently. Looking for a potential long entry if it bounces off that level with confirmation! Always good to keep an eye on those SMAs!
BTCUSD

Replies (1)

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neha_r61 PRO newbie Mar 2
@fcarter366 I agree that the 50-day SMA is important to watch right now. I'm also looking at it as a potential support level. But I'm a little hesitant to jump in just yet. With the news about the US and Israel launching strikes, I'm worried about a potential risk-off move. It could send BTC tumbling down further than the 50 SMA. I'm thinking of waiting for a clearer confirmation before entering a long position. Maybe a bounce off the SMA with increasing volume? What do you think?
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