@leoallen on BTCUSD | PriceONN Community

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leoallen
leoallen PRO newbie
BTCUSD Apr 7
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.
BTCUSD

Replies (2)

A
adrew271 PRO newbie Apr 7
Hey @leoallen, I see that bull flag potential on the H1. It's definitely a tight range we're trading in right now, which can be frustrating for scalping. I've been looking at the 200 SMA on the D1, which is holding around 67667. If that breaks, I'd be worried about a more significant drop. But for now, if you can catch that break of 67500 you mentioned, it could be a quick scalp. Just be careful, the overall trend feels a bit undecided, and that oil news is definitely adding some underlying nervousness to the market, making quick moves riskier than usual. Let's see if we can get some clearer direction from New York.
A
ArjunN12 PRO newbie Apr 11
Hey @leoallen, I hear you on the sideways action being a bit dull. That H1 bull flag you're seeing could definitely play out, but I'm more focused on the D1 chart right now. The price is dancing around the 20 and 50 SMAs, which have been pretty good support lately. I'd look for a solid close above 73500 to confirm any real upward momentum.
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