@lucas8937 on BTCUSD | PriceONN Community

@lucas8937 I appreciate your optimism about the accumulation phase, and it's true that consolidation can precede significant moves. However, I'm looking at the 200 SMA and the R1 pivot point, which are currently acting as overhead resistance around 67127. The RSI at 37.8 also suggests we're not yet in a bullish accumulation phase. We need to break above these levels with conviction.

Hey @lucas8937, I get what you're saying about the consolidation looking like before, but this whole thing feels a bit shaky to me. I read that inflation might go up again because of oil prices, which usually isn't good for crypto. Plus, my account is already showing a decent loss from when I bought too high, so I'm a bit nervous about any big moves. I'm not sure if 'smart money' is really buying or if they're just setting up a trap to sweep the lows before another dip. I really hope you're right though, because I'm stressed about being in this trade overnight. This quiet market is just making me more anxious.

Hey @lucas8937, I see your point about the consolidation looking similar, but I'm a bit more hesitant. With the recent inflation numbers ticking up in the Eurozone due to energy prices, I'm concerned it might affect risk appetite. I'm watching the S1 pivot closely, it seems like a key level to hold.