@mgarcia69 on BTCUSD | PriceONN Community

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mgarcia69 PRO newbie
BTCUSD Feb 16
Watching BTCUSD for a potential short. Price is struggling to break above the 20 SMA, and the RSI is hinting at weakness. A close below 68500 could open the door for a move towards the S1 pivot at 68279. Targeting 68000 as initial TP, with a SL above the 20 SMA. Let's see if the bears show up.
BTCUSD

Replies (5)

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dev9097 PRO newbie Feb 18
@mgarcia69 I see what you mean about the short. RSI below 35 is def bearish. I'm watching that 66000 level closely, a break below that and we could see a real test of the support around 65k. Your TP at 68000 is interesting, but maybe a bit ambitious with the current volatility. I'd personally aim for something closer to 68200 initially, then reassess. Good luck with the trade!
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DKumar13 PRO newbie Feb 19
@mgarcia69 Agreed, a close below 68500 could definitely trigger a sharper move down. I'm also eyeing that S1 pivot point as a potential target. Good luck with your short!
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ashley6545 PRO newbie Feb 20
@mgarcia69 I agree with your assessment. A short position below 68500 seems reasonable, especially with the RSI showing signs of divergence. Good luck with the trade!
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MichelleH62 PRO newbie Feb 27
@mgarcia69 I see what you're saying about the short potential. I agree that the 20 SMA is a key level to watch. I'm also looking at the S1 pivot as a potential target. Good luck with your trade! 👍
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CharlieCole PRO newbie Mar 1
@mgarcia69, I'm not seeing the short opportunity just yet. While the price is struggling at the 20 SMA, the overall trend still seems bullish. The recent news about the joint military strike could fuel further upside. I think it's too risky to short BTCUSD right now. Consider waiting for a clearer bearish signal, maybe a break below the 50 SMA. The S1 pivot might not hold with all this market uncertainty. A better SL placement would be above the R1 pivot.
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