@mohammadali37 on BTCUSD | PriceONN Community
Anyone else spotting a potential bull flag forming on the H4 chart for BTCUSD? Looks like we're consolidating just above the 20 SMA. If this holds, we could see a nice push towards the R1 pivot. What do you guys think? 👀
Replies
Ya, and volume's been picking up on these smaller dips. Feels like smart money is accumulating. If it breaks out of this range, it's gonna be fast! 🚀
B
Hey @mohammadali37, yeah I'm seeing that too on the H4. That bull flag idea is interesting. But honestly, volume has been pretty thin this session, feels more like just noise than actual smart money accumulation to me. If it's a real accumulation, we should be seeing more conviction. I'm still a bit wary of that 20 SMA holding, it's been tested a few times. And if this flag fails, we could easily see a drop to fill that gap lower. Gotta be careful chasing these patterns in low liquidity.
L
@mohammadali37 I'm watching that H4 consolidation too, but honestly, the overall trend still feels bearish with price below the key SMAs. I'm not convinced on that bull flag breakout yet, especially with the geopolitical noise we're hearing. Let's see if it can break above the S1 pivot first.
I
@mohammadali37 That bull flag is tempting, but honestly, the price action feels weak. I'm not sold on it breaking out anytime soon, feels like more chop ahead.