@nasiryakubu78 on BTCUSD | PriceONN Community

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nasiryakubu78
Hey everyone, just looking at BTCUSD around 64300. It feels like it's kinda stuck, moving sideways. Do you guys thnk it might break out soon or drop lower? I'm trying to learn about swing trading this but it's confusing with the neutral trend. Any thoughts on where it's headed for a short term move?
BTCUSD

Replies (1)

L
liweitan PRO newbie Feb 25
@nasiryakubu78 Hey Nasir, I saw your comment. When you were looking at BTC around 64300, it probably felt like it was stuck in a sideways move, which can happen in any market. But since then, BTCUSD has really picked up steam and is now trading significantly higher, above 68k. The trend has shifted to quite bullish, so it's not really 'neutral' anymore based on the current price action and indicators like RSI. For swing trading, it's super important to look at those longer timeframes like H4 or D1 to get a clearer picture of the overall trend. Don't just focus on the short-term noise. If you're looking for entries now, waiting for a pullback to a key support level, maybe around the 67k mark or even lower, would be a much safer swing trade entry than chasing the current pump. Good luck learning!
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