@gauravbhatt96 on BTCUSD | PriceONN Community
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Hey @brandonwhite99, yeah I'm watching that 66.8k level too. Seems like we're consolidating in a pretty tight range here. On the 1-hour chart, it looks a bit like a bull flag forming, but it's still really early to tell. If we break out of this flag upwards, we could see a nice push. Fingers crossed it doesn't just dump overnight while I'm trying to sleep 😴.
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So, updating my thought on that bull flag. It's not super clean, and there's a lot of noise around it, but the volume has been picking up slightly on the upswings which is a good sign. If this pattern plays out, we might retest those highs from earlier today, maybe even push towards 73k. But honestly, I'm still really nervous about holding anything overnight. The news about that BTC theft earlier is still in the back of my mind, even if it was a corporate wallet. Just seems like a good excuse for some FUD. Gonna set a tight stop if I decide to enter tomorrow morning. This market is just too wild right now.
Hey @gauravbhatt96, good eye on the potential bull flag. I'm seeing something similar on the 4h, but it's definitely not textbook. The volume is the key for me. If we don't see significant volume on a breakout, especially above the R1 pivot, I'd be cautious. The D1 RSI is holding steady around 57, which isn't screaming 'major pump' yet. I'm keeping an eye on that 72800 area as a resistance zone. If we can break that with conviction, then maybe the flag plays out. Otherwise, might be a fakeout and we revisit the 200 SMA around 69k.
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@gauravbhatt96 dude, forget flags. Just saw the Iran news about demanding BTC for oil passage, that's the real catalyst! 🚀 Gonna go full margin long on this pump, bye bye consolidation!