@GoldenEagle85 on BTCUSD | PriceONN Community
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BTCUSD still choppy around the 63900 mark. The 20 SMA at 63763 is acting as a short-term pivot point. We're seeing price bounce off it but no real momentum.
RSI at 46.5 confirms this neutral stance. For a scalper, this means patience. I'm looking for a decisive break.
Immediate resistance is around 64000-64200. If that breaks convincingly with volum, a quick long to 64500 is possible.
Support is at 63500. A break below this level, especially if it takes out the 20 SMA again, could open the path to the S1 pivot at 62593.
The Bollinger Bands are quite tight, suggesting a squeeze is coming. Need to be ready to react fast when it does. Low volume right now making it difficult to find good entries.
RSI at 46.5 confirms this neutral stance. For a scalper, this means patience. I'm looking for a decisive break.
Immediate resistance is around 64000-64200. If that breaks convincingly with volum, a quick long to 64500 is possible.
Support is at 63500. A break below this level, especially if it takes out the 20 SMA again, could open the path to the S1 pivot at 62593.
The Bollinger Bands are quite tight, suggesting a squeeze is coming. Need to be ready to react fast when it does. Low volume right now making it difficult to find good entries.