@WiseStone45 on BTCUSD | PriceONN Community

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WiseStone45
WiseStone45 PRO newbie
BTCUSD Apr 10
Anyone else seeing this chart pattern? It looks a bit like a bull flag forming on the H1 chart, but the volume is super low right now. I'm wondering if this is just noise or if we're setting up for a breakout soon. The SMAs are still mostly pointing up, but that 200 SMA is way back at 69k, so there's a lot of room to drop if things turn south. Curious to hear if others are spotting this potential setup and what their entry/exit plans would be.
BTCUSD

Replies (1)

A
angelajones20 PRO newbie Apr 17
Hey @WiseStone45, I see what you mean about the bull flag on H1, but honestly, with the volume being so low, I'm kinda nervous. It feels like that news about Bitcoin breaking resistance at 74,775 is what's really driving this, not some technical pattern. Remember when HIVE Digital was talking about that $75 million offering? Stuff like that makes me think we're just in a big FOMO rally fueled by headlines, not solid chart structure. I'm always worried I'll buy into a fake breakout and get burned like last time. 😬 What do you think about the actual news driving this instead of just patterns?
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