@lily3153 on BTCUSD | PriceONN Community

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lily3153
Seeing a lot of indecision on the BTCUSD charts around the 78k mark. We've got that bullish RSI, but these smaller candles, especially near the top of the Bollinger Bands, could signal a potential doji forming. That usually means a reversal is on the cards if it completes. Definitely watching this closely. The news about the Strait of Hormuz closing is wild though, wonder if that's causing some flight to crypto?
BTCUSD

Replies (1)

R
RyanS22 PRO newbie Apr 27
Hey @lily3153, I see what you mean with those smaller candles near the Bollinger Band top. It's definitely a cautious signal. While RSI is oversold, price action is key. I'm personally more focused on the pivot point around 77875 and the S2 level at 77271. If we break below S2 with conviction, that doji might be more than just indecision.
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