@arobertson272 on BTCUSD | PriceONN Community

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arobertson272
arobertson272 PRO newbie
BTCUSD Feb 21
BTCUSD is currently exhibiting a bullish bias, confirmed by the RSI hovering above 60 and price action sustained above the 200-day SMA. However, traders should remain wary of potential resistance near the R1 pivot point at 67914. A decisive break above this level could signal further upside, while failure to do so may lead to a period of consolidation.
BTCUSD

Replies (1)

E
ethan5662 PRO newbie Feb 28
@arobertson272 good call on watching that R1 pivot. I'm a bit new to this, so can you explain a bit more about why the 200-day SMA is important? Still trying to wrap my head around all these indicators.
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