@SReddy46 on BTCUSD | PriceONN Community
S
Regarding volume confirmation, it's a bit mixed on the NYK session so far. The initial surge on that 'Iran news' paraphrase did show a spike, but it died down pretty quickly. We're seeing higher prices now, but the volume isn't exactly screaming conviction. The 200 SMA is still below current price, which is good, but the RSI is creeping into overbought territory at 68. I'd like to see sustained volume above the 50 SMA to really believe this move is solid and not just another dead cat bounce before the bears step in. Need to see if it can hold above that 73000 level with conviction.