@ruby7547 on BTCUSD | PriceONN Community
R
The geopolitical news impacting oil prices is interesting, but it's not directly affecting my BTCUSD chart setup at the moment. I've noticed that in these Asian sessions, BTCUSD tends to trade within a defined range. My strategy is to wait for a clear break of either the S1 pivot or R1, accompanied by increased volume and RSI divergence. I previously took a short position around 77800 when it hit the upper Bollinger band and the 50 SMA acted as resistance, but it only gave me about 50 points before reversing. That taught me a lesson about trying to catch tops too early in a neutral market. Now, I'm waiting for a more defined move, ideally a bullish break above 77700, with the 200 SMA as a potential target. If it fails to break higher and starts heading towards S2, I might consider a short scalp, but I'll be cautious of liquidity grabs.