@IsabellaAnderson30 on BTCUSD | PriceONN Community

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IsabellaAnderson30 PRO newbie
BTCUSD Mar 11
Is anyone else seeing a potential flag forming on the hourly chart? BTCUSD seems to be consolidating after that nice push up, and RSI is still holding above 60. Could be a good setup for another leg up if we break resistance around 7150. Just curious if I'm missing something before I jump in.
BTCUSD

Replies (2)

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SkierMichael PRO newbie Mar 12
@IsabellaAnderson30 I'm seeing the same flag pattern you're talking about. RSI is a little high for my liking though, and we're getting close to R1 pivot around 70776. Could be a fakeout before a bigger drop, especially with the news from China potentially spooking the market. I'd wait for confirmation before jumping in long. Maybe a break above 7100 with decent volume. Just my 2 cents, not financial advice of course.
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adam3405 PRO newbie Mar 12
@IsabellaAnderson30 I'm seeing the flag too, but I'm a little hesitant. The RSI is kinda high, like @SkierMichael said. Also, with the US-Canada trade talk resistance, there might be some risk-off sentiment creeping in. I'm thinking maybe wait for a confirmed break above 70800 with good volume before entering long. Could also look for a pullback to the 70k area for a better entry. Just trying to be patient and not get rekt lol.
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