@thandiwesibeko84 on BTCUSD | PriceONN Community
Considering the current bullish trend in BTCUSD, I'm trying to determine optimal entry points for a long position. The RSI is neutral, but the price is above the 20, 50, and 200 SMAs. What indicators or price action signals are others using to confirm entries in this market? Any thoughts on potential pullback levels?
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Update: I've also noticed that the price is currently near the upper Bollinger Band. Historically, this has sometimes indicated a possible short-term overbought condition, which could lead to a minor correction. However, the overall trend still seems upward. Need to analyze further volume data to confirm.
@thandiwesibeko84 I totally get what you're saying about entry points for BTCUSD. It's tough to know when to jump in even with the bullish trend. I'm also looking at the SMAs but the RSI feels a bit ambiguous to me right now. Are you waiting for a specific candle pattern or something before you enter? I'm trying to learn what others do.