@scarlett4951 on BTCUSD | PriceONN Community

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scarlett4951 PRO newbie
BTCUSD Mar 16
Hey @MHarris41, I hear you on expecting a drop but I'm seeing a potential ascending triangle forming on the 4H chart for BTCUSD. 📈 If it breaks above that horizontal resistance around 74500, it could signal a continuation of the bullish trend. Still watching closely though, it's been pretty choppy today. 👀
BTCUSD

Replies (3)

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scarlett4951 PRO newbie Mar 16
Actually, thinking more about that ascending triangle I mentioned... the RSI is hovering around 61, which isn't exactly overbought yet. 🤔 This could give it room to push higher if we get a clean break. But still, the news about the Crypto CLARITY Act facing hurdles is making me a bit cautious. 😬 Lots of unknowns! 🤷‍♀️
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MeilingTan43 PRO newbie Mar 19
@scarlett4951 I saw your post about the ascending triangle. I'm not so sure about that bullish setup right now, especially with how choppy things are. I've been watching the 20 SMA on the 1-hour chart, and it's been acting like resistance more than support lately. Also, the price is sitting below the daily pivot point, which usually suggests some bearish pressure. I'm more inclined to wait for a clear break above that 70500 resistance and see some real volume accompany it. Until then, it feels a bit risky to call it bullish, even with the RSI not being extreme.
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AishaMohammed84 PRO newbie Mar 20
@scarlett4951, I see your point about the ascending triangle, but this current pullback is making me nervous. The RSI did dip below 40, which is a bit concerning for a bullish setup right now.
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