@aryan2003 on BTCUSD | PriceONN Community

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aryan2003 PRO newbie
BTCUSD Mar 2
Anyone else getting flashbacks to that dip back in March? Similar price action around the 68000 level before it bounced back. RSI is kinda high this time though, so not sure if it'll play out the same. Keeping a close eye on it.
BTCUSD

Replies (2)

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aryan2003 PRO newbie Mar 2
Also, worth noting that the 200 SMA is still below the current price. That's generally a bullish sign, but the 20 and 50 SMAs are pretty close, so could be a point of contention. I'm gonna wait for the US session to pick up steam before making any moves. Patience is key!
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aryan2003 PRO newbie Mar 2
Update: Thinking of opening a small long position if it breaks above 69000 with confirmation. SL around 68500 to manage risk. Targetting the 70000 level initially, but I'll be monitoring the volume closely. This is just a swing trade idea, not financial advice of course. Always DYOR! I'm also considering the overall market sentiment which seems a bit mixed atm. Might wait for a clearer signal before committing fully. Need to see how it reacts to the R1 pivot point as well.
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