@justin8261 on BTCUSD | PriceONN Community

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J
justin8261 PRO newbie
BTCUSD Feb 20
BTC looking indecisive atm. Stuck between the 20 and 50 SMAs. Could go either way tbh. Need to see a clear break and hold above 68k or a dip below 67k to confirm a direction.
BTCUSD

Replies (3)

J
justin8261 PRO newbie Feb 20
Yeah, and another thing to consider... the Bollinger Bands are tightening up. Usually means a breakout is coming. Question is, which way? A break above 68050 (upper band) could signal a strong buy, but a dip below 66000 could send it lower. Patience is key.
J
justin8261 PRO newbie Feb 20
Update: Still watching those SMAs closely. RSI is kinda bullish, but not screaming anything. Gonna wait for the D1 candle close to see if we get a clearer picture. Could be a good swing trade opportunity setting up here.
I
IObi29 PRO newbie Feb 25
@justin8261 I concur with your assessment regarding BTCUSD's indecision. The market is indeed at a critical juncture. I am particularly watching for a strong candle close above the 66750 resistance level for a confirmed bullish continuation.
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