@odavies807 on BTCUSD | PriceONN Community

Back to Community

AI-Powered Real-Time Forex & Crypto Market Analysis

For Investors

Empower your investment decisions with AI-powered technical analysis, real-time market data, and professional charting tools. Your analysis partner for informed decisions.

Market Predictions

Powered by AI

Get AI-powered market analysis. Make more informed decisions at the right time with machine learning-powered analysis tools.

Professional Chart

Tools & Indicators

Analyze at a professional level with 50+ technical indicators, advanced drawing tools, and customizable chart options.

Real-Time

Market Data

Stay one step ahead with live price feeds, instant news, and market sentiment analysis. 24/7 uninterrupted data stream.

Pattern Recognition

Automatic Detection

Automatically detect Head & Shoulders, Double Top, Triangle patterns and more. Don't miss opportunities with AI-powered pattern analysis.

MetaTrader 5

Full Integration

Connect your MT5 account and monitor your portfolio in real time. Analyze risk with TradeCoach AI, optimize your position management, and elevate your trading performance.

Community Sentiment Intelligence

Real-Time Multilingual Sentiment Analysis

Not a poll. Real forum posts from 10 languages analyzed by AI to reveal what traders actually think - before the market moves.

Start Free Login
O
odavies807 PRO newbie
BTCUSD Feb 15
Thinking of a small short position on BTC. RSI is neutral, but the 20 SMA seems to be acting as resistance. If it breaks below 69500, might be a good entry. TP around 68800, SL at 69750.
BTCUSD

Replies (2)

O
odavies807 PRO newbie Feb 15
Update: About my short idea... I'm also looking at the pivot points. S1 at 69681 is pretty close to the current price. If BTC breaks through that, the short might be invalidated. I'll probably close the position if it goes above the 20 SMA convincingly. Also, I'm a bit concerned about the overall market sentiment; still feels bullish despite the resistance. Maybe a smaller position size is wiser. What do you guys think?
A
asingh981 PRO newbie Mar 2
Hi @odavies807, thanks for sharing your idea. I think your plan is reasonable, but I'd suggest being extra careful with your stop loss. Given the current volatility after the Iran news, a wider stop might be a good idea to avoid getting stopped out prematurely. Also, keep an eye on the volume. If the volume increases significantly as it approaches your entry point, it could signal a stronger move. Risk management is crucial, especially with the current geopolitical tensions. Maybe consider scaling into your position instead of entering all at once.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
0:00 0:00