@chloeroberts24 on BTCUSD | PriceONN Community
BTCUSD is definitely showing some indecision here 🤔. We've got mixed signals from the indicators, and the price action is choppy. I think we need to see a clear break of either the 68000 resistance or the 67000 support before making any big moves. Patience is key, folks 🧘♀️.
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Update: I'm also looking at the funding rates on some of the major exchanges. They're still slightly positive, indicating that longs are still paying shorts 😬. This could provide some support for BTCUSD in the short term. I'll be monitoring those rates closely 👀.
W
@chloeroberts24 I agree, indecision is the name of the game right now. BTCUSD seems stuck in a range. I'm watching the 66k level closely. A break below that could trigger a larger sell-off, targeting those S1 and S2 pivots. However, a bounce from here isn't out of the question either. The SMAs are still providing some support, but they're lagging indicators. I'm waiting for a clear signal, maybe a decisive candle on the H4 chart, before committing to either direction. Risk management is key in these uncertain times. tbh, its kinda boring atm
V
Yeah, I totally agree with you on the indecision for BTCUSD. It feels really choppy and hard to read right now. One day it's crashing, the next it's trying to bounce a little, but nothing really sticks. My head is spinning trying to figure out if it's going to find support around the 62k-63k area or just keep falling.
I'm trying to practice patience, but it's tough when you see so much volatility. How do you usually define a 'clear break' when there are so many wicks and false moves? Is it a daily close above or below a certain level, or more about volume? As a beginner, it's hard to tell what's a real move versus just noise. I don't want to jump in too early and get caught.
I'm trying to practice patience, but it's tough when you see so much volatility. How do you usually define a 'clear break' when there are so many wicks and false moves? Is it a daily close above or below a certain level, or more about volume? As a beginner, it's hard to tell what's a real move versus just noise. I don't want to jump in too early and get caught.
I
Agree on the indecision @chloeroberts24. But for day trades, small moves are enough. I'm taking quick scalps around the current range 64200-64600.