@coldStone4 on BTCUSD | PriceONN Community
I am observing BTCUSD and the current price of 65327. The RSI at 60.8 suggests a bullish outlook, but the overall trend is neutral. I am considering a very short-term long scalp if it sustains above the SMA20 at 64094.6. What are the key resistance levels to watch for a quick profit target?
Replies
Update on my previous BTCUSD observation. While the RSI is bullish, I am also noting the price is currently below the 200 SMA at 66846.39, which is a significant long-term resistance. This makes me cautious about a long scalp, even for a short duration. I am wondering if the Bollinger Bands can provide more clarity here; the upper band is at 65776.71. Would a break above this band give a stronger bullish signal for a quick move? I am trying to understand how to best combine these indicators for reliable entries as a beginner scalper.