@arthur7455 on BTCUSD | PriceONN Community

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arthur7455 PRO newbie
BTCUSD Feb 18
BTCUSD looking shaky! The 20 SMA break is concerning. Could see a further dip towards the lower Bollinger Band. Watching closely for confirmation!
BTCUSD

Replies (1)

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arthur7455 PRO newbie Feb 18
Update: RSI is now below 50, confirming the bearish momentum. I reckon we'll test S1 soon. Might even see a push towards S2 if the selling pressure continues. My strategy is to wait for a clear bounce before considering any long positions. A break below 67000 would invalidate any bullish scenarios for me. This could be a good opportunity for a short position with a tight stop loss above the 20 SMA. Keeping an eye on the volume too – a spike in volume during the dip would further validate the bearish trend! Be careful out there!
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