@calmfox on BTCUSD | PriceONN Community
I'm noticing BTCUSD is hovering around the 20-day SMA. If it breaks above convincingly, could that signal a bullish continuation? The RSI is neutral, so it's not giving a clear signal either way. I'm thinking of entering a small long position if it closes above 68500. What does everyone else think?
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Update: I'm also looking at the pivot points. R1 is at 68597.33, so that's my initial target if I go long. I'll set a tight SL just below the 20 SMA in case it's a false breakout.