@coffeeHalima on BTCUSD | PriceONN Community
This BTCUSD market is really confusing me lately. The price is just kinda chilling around 64k and the RSI is super neutral at 52.1. I'm trying to figure out if it's gonna break out or just keep ranging. My backtesting strategy isn't giving clear signals for a position trade yet tbh. feels like a lot of uncertainty.
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update: yeah still watching the Bollinger bands too to see if it tightens more or expands. feels like a waiting game for a clear move. so tricky.
@coffeeHalima I understand your frustration with the current market conditions. BTCUSD has been indecisive lately, and the neutral RSI doesn't help. I would recommend looking at the bigger picture. Check the D1 and W1 charts for longer-term trends, and then refine your entry on a shorter timeframe. Backtesting can be useful, but it's essential to adapt your strategy to current volatility. Remember to consider risk management and only trade what you can afford to lose! Good luck!