@amuhammad857 on BTCUSD | PriceONN Community

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BTCUSD holding well above the 20-SMA on the H4, but still below the 50-SMA. RSI is bullish at 60.8, indicating some upward momentum. However, the price is currently below the daily pivot at 66023.33. Are we consolidating before a push to R1 or is this a dead cat bounce before another dip to retest S1 around 65700?
BTCUSD

Replies (1)

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amuhammad857 PRO newbie Feb 25
update: Looking at the 15-min chart, volume is pretty low around this 65300 area. I'm seeing potential for a quick scalp long if we break above 65500 with conviction, targeting 65700. SL would be tight, just below the 20-SMA on the M15. Need to be quick on this.
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