@kwilson148 on BTCUSD | PriceONN Community

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K
kwilson148 PRO newbie
BTCUSD Feb 20
Anyone else think BTC is just building up for a HUGE move? 🤔 It's been consolidating for a bit, and those Bollinger Bands are getting tighter than my jeans after Thanksgiving dinner! 😂 I'm curious to hear what direction everyone thinks it'll break. Up or down? Place your bets! 👇
BTCUSD

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K
kwilson148 PRO newbie Feb 20
Update: Okay, so I've been watching the charts a bit closer... 👀 and I'm leaning towards an upward break. The 50 SMA is still below the price, acting as support, and the overall trend still seems bullish despite the recent sideways action. Plus, RSI isn't screaming overbought yet. I'm thinking a move towards 68000 isn't out of the question if we get some volume. But, as always, trade with caution and use a stop loss! 🤓 I'm setting mine just below the 20 SMA. What do you guys think of this analysis?
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