@ArjunSrinivasan on BTCUSD | PriceONN Community
A
Okay, I'm seeing that 66.8k pivot point is acting as resistance right now. We tried to push through it on that last candle, but got rejected hard, forming a wick. If this keeps up, I'm expecting a move down towards the S1 pivot at 66.4k, maybe even testing that 66k support level I've been watching. The RSI is sitting right in neutral territory at 51.8, so it's not giving away too much. But that resistance rejection feels pretty significant. I'm not FOMOing in on any longs until we see a clear break and hold above 67.2k, that R1 pivot. Otherwise, it looks like we might consolidate or even dip a bit more. Need to see some strong displacement upwards to get excited.