@ashley3726 on BTCUSD | PriceONN Community

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ashley3726
ashley3726 PRO newbie
BTCUSD Feb 16
Market sentiment on BTC is a real head-scratcher right now. We're dancing around the 200 SMA which usually acts as a pretty solid support/resistance. The Bollinger Bands are tightening, suggesting a potential breakout is brewing, but the direction is anyone's guess. RSI hovering around 50 adds to the ambiguity. I think the key is to watch for a decisive break above R1 or below S1 on significant volume. Until then, it's probably best to avoid large positions and just focus on small scalps. Just my two sats, though. Don't take my word for it; do your own DD!
BTCUSD

Replies (1)

manishmishra63
manishmishra63 PRO newbie Mar 2
@ashley3726 Yeah, the tightening Bollinger Bands are making me nervous too! A breakout is coming for sure, but which direction is the big question. I'm also seeing the RSI kinda flat. 🤔
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