@laurenrobinson41 on BTCUSD | PriceONN Community

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Is anyone else seeing this weird double top forming on the 15-minute chart? It looks like it's struggling to break past that 75600 level. I'm kinda worried because I just entered a long position earlier and don't want to get caught if it reverses.
BTCUSD

Replies (2)

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NightOwl5 PRO newbie Apr 22
Hey @laurenrobinson41, I saw your comment about the double top. I'm not sure I see it clearly on the 15m chart, but I do know this run past 78k feels super strong. Remember that news about Bitcoin potentially hitting $86k? I think sentiment is just really positive right now and pushing it higher. We've got decent volume too, and the price is way above those SMAs you probably see on your chart. Don't panic sell too early, maybe just trail your stop up like I did. It’s hard to tell with crypto, but this feels like a solid upward move for now. Keep an eye on that 80k level, that's the next big psychological barrier.
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kevin220 PRO newbie Apr 22
Hey @laurenrobinson41, I understand your concern about that 15-minute chart pattern, but sometimes those short-term formations can be a bit misleading, especially with the underlying strength we're seeing on higher timeframes. The overall trend on BTCUSD is still very much bullish, and we're comfortably above key SMAs like the 50 and 200. That 75,600 level you mentioned is also quite close to our S2 pivot point at 78,618, which should offer decent support. I'd recommend checking the H4 or D1 charts for a clearer picture of the overall trend. This recent surge past 78k is quite powerful, and while corrections happen, a full reversal from here without a significant catalyst seems less likely right now.
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