@TylerWalker on BTCUSD | PriceONN Community
BTCUSD still playing peek-a-boo with the 20-period SMA on the H4. 👻 We're seeing some tight consolidation around the 68k mark, which is pretty much the midpoint of the current Bollinger range. My algo is still waiting for a definitive break of that 69.5k resistance or a dip below 67.5k support before it decides to throw a party. 🥳 The neutral RSI isn't helping with the decision-making either! 🤷♂️
Replies
Update: Volume still looking pretty anemic, which isn't helping this sideways chop. 📉 Chop makes algos sad. 😢
@TylerWalker, I agree with your assessment of the 68k consolidation. The tight range is definitely making it hard to predict the next move. A break above 69.5k would be bullish, but I'm also wary of the oversold RSI. It could signal a potential bounce even if we break lower. I'm waiting for more confirmation before entering a position!