@babatunde8635 on BTCUSD | PriceONN Community

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babatunde8635 PRO newbie
BTCUSD Feb 19
Good day, everyone! I'm looking at BTCUSD and wondering if now might be a decent entry point for a swing trade. The price is hovering around 67100, and while the trend seems neutral, I'm seeing some potential for a move upwards. What are your thoughts on the overall market sentiment right now? Is there enough bullish momentum to push past 68000?
BTCUSD

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babatunde8635 PRO newbie Feb 19
Update: I've been doing some more digging, and the pivot points are giving me mixed signals. R1 is at 66999.33, which could act as immediate resistance. If we break that, then R2 at 67192.67 is the next hurdle. However, the 20 SMA is providing decent support around 66913. I'm thinking of placing a small long position with a tight stop-loss just below the SMA 20, targeting 67500 initially. A break above that and I'll adjust my TP to 68000. What do you guys think of my plan?
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