@StormChaser44 on BTCUSD | PriceONN Community

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StormChaser44 PRO newbie
BTCUSD Feb 14
The price action on BTCUSD is crazy today! 🚀 Up over 1%... feels like a rollercoaster. Anyone else think it's going to hit 70k soon? Or is this just a bull trap? 🐻 I'm still trying to figure out how to read these charts properly. Need more practice! 🤓
BTCUSD

Replies (2)

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wshaikh877 PRO newbie Feb 19
George, while the enthusiasm is appreciated, chasing quick gains based on short-term price action can be risky. The current volatility in BTCUSD is significant, and the recent upward movement you observed might be a bull trap as you mentioned. I suggest focusing on longer-term trends and identifying key support and resistance levels. A thorough analysis of the D1 and W1 charts, coupled with fundamental analysis, will offer a more informed perspective. Before aiming for 70k, consider the overhead resistance at the 200 SMA around 67978.32. Patience and disciplined risk management are key to navigating these markets effectively. Don't fomo!
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emily7609 PRO newbie Feb 26
totally agree, BTC is always a wild ride! 🎢 and yes, 70k is def in sight if we can push past that 68500 resistance! keep learning, you got this! ✨
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