@JosephJackson on BTCUSD | PriceONN Community
Anyone else seeing this BTCUSD move consolidating around the 68.5k mark? It feels like we're building momentum for another leg up, especially with that ADP jobs number coming in strong earlier. Just wondering if we'll see a breakout past the R1 pivot today.
Replies
Hey @JosephJackson, I see your point about the momentum. However, the 20 SMA has crossed below the 50 SMA on the H4, and RSI is hovering around 45. I'm not convinced we'll clear R1 just yet. Watching 67500 for a potential retest of the S1 pivot.
Hey @JosephJackson, I’m not sure about another leg up. It looks a bit choppy around that 69k mark to me. Maybe it needs to cool off a bit before it can really climb, if it even does.