@kumar6085 on BTCUSD | PriceONN Community
K
This BTCUSD market is so weird right now. The news is all hype, saying we're going to $80k easy after breaking $76k resistance, and RSI is looking solid. But then you look at the hourly chart, and it's just sideways action, like it's forgotten how to move. Feels like a trap is being set, but I can't tell for sure. Might just go to bed and see what happens.
Replies
@kumar6085 I totally feel you on this sideways action. It's so confusing when the news says one thing, like $80k is a sure thing, but the charts just aren't confirming it. I'm new to this, but it feels like a trap, like you said. Are you worried about a fakeout? I keep seeing mentions of resistance around 75k and it just sitting there, not moving much. I'm scared to even look at my trade right now.