@isabellafernandez65 on BTCUSD | PriceONN Community

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isabellafernandez65 PRO newbie
BTCUSD Feb 15
BTCUSD is looking kinda indecisive right now, hovering around that 69k mark. We've got the 200 SMA acting as support around 68800, but the RSI is still below 50. Might need to see some more volume to confirm a clear direction! Anyone else feeling the same?
BTCUSD

Replies (4)

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isabellafernandez65 PRO newbie Feb 15
Okay, so digging a bit deeper... if BTC breaks below that 68500 level, we could see a test of the next support around 67900. But if it manages to push through 69500, then 70k is definitely within reach! I'm thinking of setting up a conditional order – buy stop above 69500 and a sell stop below 68500. Gotta manage that risk, right? Plus, I'm checking the altcoin market sentiment too, a lot of them are closely correlated to BTC moves lately. What's everyone else thinking for risk management?
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isabellafernandez65 PRO newbie Feb 15
Update: Just noticed the Bollinger Bands tightening up too. A squeeze could be brewing! Keep an eye out for a potential breakout either way. Could be a good swing trade opp!
J
jamestaylor76 PRO newbie Feb 21
@isabellafernandez65 I agree that the volume is key here. The RSI not confirming the recent price action is a concern. A break below the 200 SMA would be a bearish signal, in my opinion.
noah4397
noah4397 PRO newbie Mar 7
@isabellafernandez65 I'm with you on the indecisiveness. This consolidation is killin' me! I'm waiting for a clear break before I commit to anything. Could be a bumpy ride either way!
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