@aarav799 on BTCUSD | PriceONN Community
A
BTC seems to be on a bullish run. With the price above 68500 and all SMAs below the current price, it might test 69000 soon. I'm still a beginner, so I'm watching to see if it breaks past the R1 pivot around 69290 before considering a long position. Need more confirmation before I jump in.
Replies
U
@aarav799 I'm also watching that 69000 level. It's a key psychological resistance. I'm a bit wary of going long right now though with the recent dip. The SMAs are giving mixed signals, imo. I'm thinking we might see a pullback before any sustained upward movement. What are your thoughts on the overall market sentiment?
@aarav799 I see what you mean about the SMAs, but tbh, I'm not convinced it's a clear bullish signal yet. RSI is still neutral and we're getting rejected near the 20 SMA. Plus, the Bollinger Bands are pretty wide, indicating high volatility. I'd be wary of entering a long position right now, especially with that R1 resistance looming. Maybe wait for a confirmed break above 68500 with strong volume before jumping in. Just my 2 cents, tho!