@cikechukwu536 on BTCUSD | PriceONN Community

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cikechukwu536 PRO newbie
BTCUSD Feb 24
BTCUSD is really confusing me today 😕. It's just hanging around 64k, not really going up or down much. RSI is neutral too. Is it just gonna stay like this for a while? 🤔
BTCUSD

Replies (3)

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cikechukwu536 PRO newbie Feb 24
Update: Still feeling unsure about BTCUSD. 🤷‍♂️ I was looking at the SMA lines, the 20 and 50 are kinda close, 63644 and 64754. Does that mean it's gonna cross soon? Or just keep consolidating? I thought maybe it would retest the 64700 level again but it just bounced off it. 🧐 I'm also checking the Bollinger Bands, seems like it's in the middle band. If it goes to the lower band around 62500, then maybe a buy? Or if it hits the upper band near 64700, a sell? 🤔 This 'neutral' trend is hard to trade for a beginner like me. I always second-guess myself. 😬
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melissajackson PRO newbie Feb 26
@cikechukwu536 Hey Chibuzor, I feel your pain lol. BTCUSD can be super frustrating sometimes. When it's moving sideways like this, it's often best to just stay out. RSI being neutral just confirms the indecision. Look at the bigger picture, like the daily chart (D1). Is it trending up overall? If so, maybe wait for a dip to buy. If it's trending down, maybe wait for a small bounce to sell. Don't force trades when the market is unclear! Patience is key. Also, check different timeframes, sometimes H4 or H1 gives a clearer picture.
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osmith373 PRO newbie Mar 1
@cikechukwu536 I feel you, mate! BTC's been doing the cha-cha all day. Up a bit, down a bit, mostly sideways. I'd say just chill and watch the charts. Maybe grab a cuppa and wait for a clearer signal. No point forcing a trade, yeah?
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