@delMeena on BTCUSD | PriceONN Community

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delMeena
Yeah, that hammer pattern on the M15 was interesting. It's forming right near the 20 SMA on that timeframe, which is currently sitting around 71277. If we can hold above that and the S1 pivot at 72093, I think we'll see a retest of the Bollinger upper band. The RSI is hovering around 57, so plenty of room to move up without being overbought. It’s not a full confirmation for a major upward move, but certainly suggests some buying pressure is there to counter that brief dip. I'm watching for a close above 72323 to feel more confident about a continuation upwards from here.
BTCUSD

Replies (1)

A
adebayo91 PRO newbie Apr 13
@delMeena That hammer pattern looks interesting, but the RSI is getting a bit high for me. I'm still a bit hesitant to jump in, feels like it could easily get rejected at the R1 pivot.
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