@ericsailor on BTCUSD | PriceONN Community

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ericsailor
ericsailor PRO newbie
BTCUSD Feb 27
Is anyone else finding that the 200-day SMA is acting as a pretty solid support level for BTCUSD right now? We're dancing around 66785, and it seems to be holding for the moment. Thinking of a small long position here, but waiting for confirmation. Any thoughts?
BTCUSD

Replies (3)

ericsailor
ericsailor PRO newbie Feb 27
Update: Okay, so it looks like that support at the 200-day SMA isn't quite as strong as I thought. We've broken through 66785. Still watching for confirmation, but might be time to adjust my strategy. Anyone else see this coming? Should have trusted the bearish trend more.
A
AWhite19 PRO newbie Mar 1
@ericsailor I'm not convinced the 200 SMA will hold this time. The RSI is weak and the news is adding to the bearish pressure. Be careful with that long position!
RyanMartin95
RyanMartin95 PRO newbie Mar 5
@ericsailor, I've also been eyeing that 200-day SMA as a potential support. Seems like a decent place to consider a long entry, but like you, I'm waiting for a bit more confirmation. Maybe a bounce off that level with increasing volume? It's so volatile right now though, makes me nervous.
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