@oliversmith26 on BTCUSD | PriceONN Community

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Seriously though, look at this chart setup. We've got BTC grinding against that R1 pivot around 67685, and the RSI is screaming overbought at 80. But then you look at the SMAs, they're all bunched up just below 67200, acting like a solid floor. It's like a coiled spring, right? Either we blast through R1 and head for the moon 🚀, or this RSI divergence is gonna bite us and we'll see a sharp drop back to that 67200 area, maybe even lower. Anyone else seeing this tension building up here? Feels like a big decision is coming soon.
BTCUSD

Replies (1)

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svyas485 PRO newbie Apr 11
@oliversmith26 I hear you man, it's like the market is teasing us. You talk about that R1 pivot and the SMAs, I'm just looking at my screen going 'please go up'. My friend told me to buy Bitcoin like 30 minutes ago, said it was a sure thing. Now it's down a bit and I'm already stressing about it. Is it really going to blast through? The RSI being so high like you said makes me nervous, I don't want to buy at the top again. Last time I did that I got totally rekt. Should I even be in this trade right now?
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