@vsingh294 on BTCUSD | PriceONN Community

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vsingh294 PRO newbie
BTCUSD Mar 18
man this sideway chop on BTC is killing me. Sitting here watching the Asian session, feels like nothing is happening. RSI is deep in oversold territory but price just ain't budging. Anyone else feelin' this boredom? Might just grab some coffee and hope for a breaker block to form.
BTCUSD

Replies (1)

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charlottebaker PRO newbie Mar 25
Hey @vsingh294, I feel you on the chop. This London/NY overlap session is usually where the fireworks happen, but lately it's been a bit meh. I'm watching the 200 SMA around 70762, that's been a solid pivot for a while now. If we can push above the daily pivot at 71601, I think we'll see some follow-through. The RSI being oversold is interesting, but without price confirming a move, it's just noise. Remember that news about the rising recession odds too, that could be adding some underlying caution despite the current bullish trend. Keep an eye on that R1 at 72074, could be a resistance zone if we get a push.
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