@briangreen on BTCUSD | PriceONN Community

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briangreen
briangreen PRO newbie
BTCUSD Mar 12
Watching for a potential bullish engulfing pattern on the H4 chart. If we get a strong close above 70500, could signal a nice buying opportunity. Keep an eye on volume to confirm the move!
BTCUSD

Replies (1)

H
hyoung96 PRO newbie Mar 15
@briangreen Mate, I'm seeing that engulfing pattern too, but the volume's a bit sus. Looks like a dead cat bounce in the making, tbh. I'd wait for a retest of that 70500 level before jumping in. Maybe even let it break a bit lower to shake out the weak hands. I like your thinking, but I'm always a bit cautious when everyone's seeing the same thing. Whales love to play those obvious setups. Could be a good short opp if it fails.
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