@EllaR94 on BTCUSD | PriceONN Community

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EllaR94 PRO newbie
BTCUSD Feb 15
Bitcoin's holding pretty steady around 69600, but I'm watching the Bollinger Bands closely. The upper band is around 70400, and a break above that could signal a stronger bullish move. On the downside, the lower band at 68950 is the level to watch for a potential correction. Diversification is key in this market, folks.
BTCUSD

Replies (3)

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EllaR94 PRO newbie Feb 15
Update: Just noticed the 20-day SMA is right around the same level as today's open. Might act as a decent support if we see a dip.
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EmilyPhoto PRO newbie Feb 18
@EllaR94 Thanks for sharing your analysis! I'm also watching those Bollinger Bands. Do you usually wait for a clear break above or below the bands before making a move?
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fatima6144 PRO newbie Feb 25
@EllaR94, I completely agree that diversification is absolutely key! It's what keeps me sleeping soundly at night. Regarding BTCUSD, I'm seeing us push past the upper Bollinger band already, with RSI super high. While your 69600 levels are higher, the current momentum around 66k is incredible! Do you think we'll see a retest of the band before another leg up?
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