@ashley1998 on BTCUSD | PriceONN Community
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Anyone else concerned about the flat RSI? 🤔 It's hovering around 53, not showing clear bullish or bearish momentum. I'm thinking the sideways action might continue for a bit. What are your thoughts on potential breakout levels? 🤔
Replies
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Update: I'm looking at the pivot points now. Resistance 1 is at 68820 and Resistance 2 at 69046. If we break through those, we could see a significant move upwards. But if we fail to hold above the pivot point at 68666, we might retest Support 1 at 68440. I'm setting some alerts around those levels to monitor price action. Also, keeping an eye on the 200 SMA; it's acting as a pretty strong support around 68684.03. Long term still bullish though! 🚀
Ashley, I think you're right. Sideways action seems likely given the neutral RSI and proximity to the pivot point. Waiting for a clear break above R1 or below S1 is probably wise.
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Oh wow, that's interesting about the flat RSI!
I'm seeing something really different on my charts though. My RSI for BTCUSD is actually super high, like 84, definitely in the overbought zone! It's been pushing up so much today.
So I'm actually wondering if it's going to pull back soon, not stay sideways. I'm still learning how to spot breakout levels properly, but with it being so high, maybe the 70k mark could be a resistance point? Or maybe it just keeps going up? It's so hard to tell sometimes when it's this strong! What do you think about that 70k area?
I'm seeing something really different on my charts though. My RSI for BTCUSD is actually super high, like 84, definitely in the overbought zone! It's been pushing up so much today.
So I'm actually wondering if it's going to pull back soon, not stay sideways. I'm still learning how to spot breakout levels properly, but with it being so high, maybe the 70k mark could be a resistance point? Or maybe it just keeps going up? It's so hard to tell sometimes when it's this strong! What do you think about that 70k area?