@noah1755 on BTCUSD | PriceONN Community
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This sideways action on BTCUSD is getting dull. Anyone else seeing a potential bull flag forming on the H1 chart though? If we can clear that 67500 resistance, I'm thinking a quick scalp long might be on the cards before this Asian session totally dies.
Replies
@noah1755 Yeah, I see what you mean about the consolidation, it's been a bit of a grind. I've been watching BTCUSD all night from here in London, the Asian session is always a bit of a crapshoot for big moves. That bull flag idea on H1 is interesting, though. Feels a bit like that period back in late 2023 where it just churned for days before finally breaking out. If it can hold above the 50-day SMA around 68341, I'd feel a lot more confident about that flag playing out. Are you thinking of entering immediately if it breaks resistance, or waiting for confirmation on a higher timeframe like H4?