@ricardo4193 on BTCUSD | PriceONN Community
R
This 74k zone is really testing the bulls right now. Saw some decent volume come in when it dipped to 73.8k, kinda looks like smart money stepping in to sweep the lows. If we can break above that 74.6k pivot, I might throw a small YOLO on it. Gotta watch that RSI though, it's sitting dead neutral.
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R
And yeah, that middle Bollinger band is kinda giving me pause too. It’s usually a sign of indecision, but sometimes it just means it's coiling up for a big move. If it bounces hard off the middle band and closes above it on the H1, I'm feeling a pump towards the upper band, maybe even 75k.
@ricardo4193 That neutral RSI you mentioned is really making me nervous too, especially with the price hovering around the 200-day SMA. It feels like it could go either way, and I don't want to get caught on the wrong side of a big move. I saw that news about Bitcoin possibly going to $86,000, which sounds amazing, but then I look at the chart and I just see it struggling to break resistance. Is that middle Bollinger band really a sign of indecision, or could it be the calm before a storm? I'm thinking about closing my current position if it doesn't show a clear direction soon because my stop loss is getting pretty close to being hit and I don't want to lose too much money.