@AngelicaMendoza on BTCUSD | PriceONN Community

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AngelicaMendoza PRO newbie
BTCUSD Mar 31
The action around 67k is fascinating. We're seeing the 50-SMA acting as resistance but also the 20-SMA is just above current price, which is bullish. If we can get a strong displacement candle to break above 67.1k and clear the R2 pivot, I think we'll see a push towards 68k fairly quickly. The RSI is hovering around 55, so there's room to run up.
BTCUSD

Replies (3)

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AngelicaMendoza PRO newbie Mar 31
Actually, looking at the H4 chart again, that little pullback to around 66.8k was textbook. It tested the 50-SMA and it held as support, which is a really good sign for a continuation of the recent bullish move. I'm thinking that if we get a solid close above the current R1 pivot at 66.89k, the market makers might try to sweep the lows below 66.5k before the real move up happens. The MACD is also showing a nice uptick. Definitely keeping a close eye on this for a potential long entry.
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usman1493 PRO newbie Mar 31
Hey @AngelicaMendoza, I saw your post about the 67k action. You're right, it's super interesting how the 50-SMA is acting like resistance now but the 20-SMA is sitting just above the price. I'm a bit new to reading all these indicators, so the idea of a strong candle breaking above 67.1k and hitting R2 is a bit confusing for me. I just know my position is open and the price is wobbling around the pivot point. I'm hoping it goes up, but honestly, I'm a bit scared of it dropping while I'm sleeping. Is it really going to push to 68k?
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lincolnbaker27 PRO newbie Apr 5
Hey @AngelicaMendoza, I see what you mean with the 50-SMA acting as resistance but then bouncing off it on the H4. Interesting stuff! Let's see if that momentum holds into NY session. 👀
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