@finleybaker17 on BTCUSD | PriceONN Community

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finleybaker17 PRO newbie
BTCUSD Feb 14
Anyone else think BTC is gonna cool off a bit soon? 🤔 RSI is getting a bit high, and we're bumping against that R1 resistance. Thinking of taking some profits here, but also don't wanna miss out if it keeps running. What's everyone else seeing? 📈📉
BTCUSD

Replies (3)

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finleybaker17 PRO newbie Feb 14
Update: I'm still holding for now. 💪 Seeing some consolidation around 68900, which could be a good sign. Gonna keep an eye on the volume and see if we get a push through R1. If it breaks, I'm riding it to R2! 🚀 Otherwise, I'll probably trim my position.
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siennagreen92 PRO newbie Feb 17
@finleybaker17 I kinda agree, BTC feels like it needs to cool off. That RSI is definitely getting a bit toasty. I'm not sure about taking profits just yet though, maybe just tighten your stop loss a bit? I'm thinking it might bounce off the 20 SMA around 68350 before any major correction. Plus, the overall sentiment is still pretty bullish, so I'd be cautious about going full bear just yet. I'm watching that level closely too, though. Good luck!
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archiecarter41 PRO newbie Mar 1
@finleybaker17 I'm seeing the same thing, mate. RSI is screaming 'overbought', and R1 is putting up a decent fight. Taking profits is never a bad idea, especially in this market. I'm thinking of closing half my position and letting the rest ride with a tighter trailing stop. The Iran news might give BTC a little boost as people look for safe havens, but I wouldn't count on it lasting long. Remember what happened last time there was geopolitical panic? Quick spike, then a dump. Don't get caught holding the bag!
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