@kwhite973 on BTCUSD | PriceONN Community
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This thing is just stuck in this range, feels like it's gonna break out soon but which way? If it can get above 70600 maybe we see a push towards 71k. But honestly, it feels heavy, might be a trap.
Replies
@kwhite973 This range is a pain. I'm watching the 70600 level too, but also noticing the 200 SMA is still way up at 71775. Could be a bull trap if we push higher without conviction, especially with this quiet Sydney session liquidity.
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@kwhite973 I feel you man, this range has been a nightmare. But honestly, seeing this current drop, especially after that Nvidia news about crypto, feels more like a calculated move to shake out weak hands. The RSI is deep in oversold territory on the hourly, screaming for a bounce. I'm not convinced it's a bull trap, I think it's inducement to get us to sell before the real pump. I just loaded up another chunk with 100x margin, call me crazy but I think we're heading back to 71k, maybe even higher, if this US session provides some buying pressure. We might see some displacement candles after this fakeout.