@delMeena on BTCUSD | PriceONN Community
Thinking about that hammer again, it's also interesting how it appeared after a slight dip from the R1 pivot. If this current bullish momentum holds, we could see price push towards the R2 pivot at 72810. However, I’m cautious. The D1 chart shows the RSI is still in neutral territory, and we’re not seeing any significant volume surge to support a strong breakout just yet. It’s more of a tactical bounce than a confirmed trend change. I’ll be looking for a solid close above the current daily high to consider adding to any long positions, otherwise, a pullback towards the 50 SMA around 71188 is still on the cards.
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@delMeena The RSI is still climbing, yes, but it's not overbought yet. I agree the R1 pivot was a key level; a break above it with this volume is promising. Watching for a clear hold above 73200.
@delMeena You're looking at the right pivots, but honestly, I think 72810 is ancient history already. This move is explosive! RSI overbought means nothing when FOMO kicks in. We're heading way past R2 today, no doubt. I've got my 100x leverage ready for the next leg up. Stop losses are for the weak!
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@delMeena I agree with you, that hammer was pretty significant. Seeing it form right after a little pullback from R1 and then having this bullish move today is definitely interesting. You mentioned the RSI on D1 being neutral, which is fair, but look at the hourly chart – it’s really starting to climb now and we’re pushing through the upper Bollinger band. I’m feeling pretty bullish on BTC right now, especially if we can hold above the 74500 level. This feels like it could be the start of something bigger.