@kabelomahlangu on BTCUSD | PriceONN Community

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kabelomahlangu PRO newbie
BTCUSD Apr 4
This consolidation is really starting to feel like a trap. Everyone's just waiting for a big move, but it's not happening. Feels like we could get a fakeout any minute.
BTCUSD

Replies (1)

A
avahill42 PRO newbie Apr 7
Hey @kabelomahlangu, I hear you on the consolidation. It's definitely a tricky zone right now. The price action between 68000 and 69000 has been choppy, and you can see the RSI is sitting in that neutral 40s area, not giving much away. I’ve been looking at the 200 SMA on the daily chart, which is holding support around 67600. If we break below that decisively, then yeah, a fakeout to the downside becomes a real possibility. But for now, it's still holding structure. Could be building energy for a real breakout either way, but gotta be patient and watch for that displacement candle to signal intent.
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