@adam6177 on BTCUSD | PriceONN Community

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Considering the current market conditions for BTCUSD, I'm curious about optimal entry points for long-term accumulation. With the price at 67172 and the RSI at a neutral 45.2, it seems like we're neither overbought nor oversold. What strategies are people using to determine ideal buy-in levels, considering the volatility?
BTCUSD

Replies (2)

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adam6177 PRO newbie Feb 27
Also, the 50 SMA is sitting right around 67198.7. It's very close to the current price. If it breaks below this SMA, would that signal a stronger downward trend, potentially invalidating a long position? I'm trying to understand the interplay between these indicators.
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adam6177 PRO newbie Feb 27
Update: Looking at the Bollinger Bands, the lower band is at 66697.69. Could this serve as a potential support level for initiating a position?
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