@eKing88 on BTCUSD | PriceONN Community
Right, so BTC is looking kinda bullish right now, yeah? RSI's above 60, and we're sitting above the 20 SMA. Anyone else think we're gonna see a push towards 70k soon? Or is this just a classic bull trap waiting to happen? What's your take?
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Hmm, actually, maybe SL just below the 20 SMA around 68100? Seems like a decent safety net... or am I being too cautious?
Update: Just noticed we're bumping against that R1 pivot point at 68687.33. Could act as some resistance, I guess. If we break through that, though, clear skies to R2 at 68797.67? Thinking of setting a tight stop loss just in case things go south quickly. Any thoughts on where to set it?