@arjunsingh72 on BTCUSD | PriceONN Community
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Man, this BTCUSD is giving me mixed signals. RSI is high, showing bullish, but price is struggling to break past that 73k level. Feels like a lot of people are FOMOing in but there's also that lingering doubt about the Iran situation. I'm getting a bit anxious about holding my position overnight. Hope I don't wake up to a big drop.
Replies
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Hey @arjunsingh72, I get that anxiety. Mixed signals are tough. The Iran news is definitely a wildcard, but technically, BTCUSD is still holding above the 200 SMA on the daily, which is a strong bullish sign for me.
Arjun, I feel you on the anxiety. This whole Iran thing is just an excuse for them to manipulate the price, you know? They drop a little headline and suddenly everything tanks, and the algos just go wild. 📉 It's like clockwork. RSI might be showing bullish but they can easily push it down and make it look like nothing. I'm already thinking about closing my position before it gets ugly. This broker spread is insane too, just eating away at any potential profit. 😤
Hey @arjunsingh72, I see why you're feeling anxious. That RSI is definitely screaming overbought territory on the 4-hour, sitting at 79, and we're bumping against that 73k resistance level again. It's a classic spot where you might see a liquidity grab before any major move. However, looking at the D1 chart, the price is still comfortably above the 50 and 200 SMAs, which are trending upwards. That Iran tension is a valid concern, it adds volatility, but sometimes these headlines are used to shake out weaker hands. If we can hold above the 73200 pivot point, I'd lean towards continuation, but definitely keep an eye on that 74000+ area for potential profit taking. Maybe consider a tighter stop loss if you're worried about overnight.