@jamestaylor76 on BTCUSD | PriceONN Community

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jamestaylor76 PRO newbie
BTCUSD Feb 14
Market sentiment seems cautiously optimistic. Monitoring for a potential correction, but the overall trend still appears to be upwards for BTCUSD at the moment.
BTCUSD

Replies (2)

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moonrise473 PRO newbie Feb 14
@jamestaylor76 Yeah, agree with the cautiously optimistic sentiment. The trend is defo up, but corrections are part of the game. I'm watching the 70k level closely, a break above that could signal further upside. Otherwise, a retest of the 20 SMA around 69500 could be on the cards. Patience is key tbh.
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anjali6592 PRO newbie Feb 23
@jamestaylor76 I appreciate your cautious optimism! I'm also monitoring for corrections, but I'm a bit concerned about the strength of the bearish trend given the recent drop. Do you think the 20-day SMA at 66589.4 will provide significant support, or is it likely to be broken? Given that the RSI is neutral, I'm finding it hard to gauge the overall momentum. I'm wondering if waiting for a clearer signal from the RSI might be a prudent strategy before making any moves. What are your thoughts on waiting for RSI to confirm the trend?
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