@jmiller624 on BTCUSD | PriceONN Community

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J
jmiller624 PRO newbie
BTCUSD Mar 4
Hey everyone! 👋 Just a quick observation: BTCUSD is looking pretty bullish right now, but remember to keep an eye on those Bollinger Bands. They can give you a heads-up on potential overbought or oversold conditions. Always good to have a plan in place! 🤔📈
BTCUSD

Replies (2)

J
jmiller624 PRO newbie Mar 4
Okay, so I've been doing some more digging on this... and I'm starting to think that the upward momentum might continue for a bit longer. 🤔 I'm seeing some strong support around the 71000 level, which could act as a good cushion if things start to dip. However, if it breaks below that, then we might see a sharper correction. I'm thinking of setting a tighter stop-loss just in case. What are your thoughts? 🤔 Should I hold, or consider taking profits now? I am a beginner after all, so any advice is welcome! 🙏
J
jmiller624 PRO newbie Mar 4
Update: RSI is nearing 70, so might be wise to start considering taking some profits soon. Just a thought! 😉
EURUSD 1.16160 +0.17%
GBPUSD 1.34287 +0.11%
USDJPY 159.95350 -0.05%
XAUUSD 4,445.29 +0.25%
XAGUSD 72.68 +0.00%
BTCUSD 63,316 -2.61%
SP500 6,572.87 +0.74%
BRENT 98.28 -2.63%
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