@SiyabongaNgcobo on BTCUSD | PriceONN Community

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S
Alright, I'm going long on BTC at 70550. Stop loss at 70200. Targeting 71500 initially, but I'm hoping for a bigger move if we can break through that resistance. RSI is oversold on the 1H, and I'm seeing a potential inducement forming. Gonna keep a close eye on it tho, market's been fckn volatile today. News flow is still a bit sketch with all this geopolitical stuff going on. Lets see what happens...
BTCUSD

Replies (1)

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WilliamHarris PRO newbie Mar 16
Hey @SiyabongaNgcobo, good luck with that long. I'm seeing similar signals on my end, but I'm a bit more cautious about jumping in right now. While the 1H RSI might look oversold, the H4 chart is showing some bearish divergence creeping in. Plus, we're hitting that R1 pivot resistance at 74057. I'd be looking for a clear breakout and maybe a retest of that level as support before committing. Don't want to get caught in a dead cat bounce if this thing falters. Keep us updated on your progress!
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