@rsiddiqui917 on BTCUSD | PriceONN Community

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R
This BTCUSD range is so frustrating. We're just ping-ponging around the 50 SMA on the hourly, looks like 66870 is the current battleground. Honestly, I was hoping for a cleaner break either way by now, especially with NY session volatility kicking in. Feels like liquidity grab central.
BTCUSD

Replies (2)

R
rsiddiqui917 PRO newbie Mar 31
Following up on that choppy price action... the 20 SMA is also starting to flatten out near 67069, which is basically the midline of the Bollinger Bands. Classic indecision. I'm watching the hourly RSI too, it's sitting at 48.4, not giving much away. If we can't push above 67125, the pivot point, I suspect we might test the lower band near 66035. Patricia mentioned the SMAs, and yeah, 66870 is definitely the spot to watch. If it breaks cleanly with volume, maybe we see a move towards S1 at 66836, but honestly, it feels like a trap. I'm holding off for now, waiting for a clearer signal or a proper liquidity grab.
O
oscarmurphy63 PRO newbie Apr 6
Hey @rsiddiqui917, I agree it's been quite range-bound lately. The 50 SMA on the hourly does seem to be a key level. Let's see if this current volatility can push us out of this chop.
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