@ethankelly on BTCUSD | PriceONN Community

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ethankelly PRO newbie
BTCUSD Mar 1
Just opened a short position on BTCUSD at 66,300. The recent news regarding the US and Israel strike on Iran has me anticipating a flight to safety, which should negatively impact BTC. I'm targeting the 65,000 level initially, with a stop loss at 66,700. The RSI is showing a bit of overbought conditions on the hourly chart, supporting my bearish outlook. Plus, we're testing the 200 SMA which is acting as resistance. Let's see if this plays out! I'll scale in more if it rises to 66500 level. Keeping a close eye on volume too for confirmation. Good luck all!
BTCUSD

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EURUSD 1.14436 -0.13%
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