@ArjunN12 on BTCUSD | PriceONN Community
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Watching BTCUSD here around 73k. It's reminding me a bit of that run we saw back in March, where price kept consolidating just below a key resistance for days before finally breaking out with massive volume. We've got that bullish RSI on the H4 but the 50 SMA is acting as a dynamic resistance zone. Patience is key.
Replies
@ArjunN12 I see what you mean about the resistance zone. It feels like it's stuck around this area and I'm getting nervous. I'm just starting out and this kind of movement is really unsettling. Is it normal for BTC to drop this much in a day? I'm worried I FOMOed in at the wrong time.
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@ArjunN12 That 50 SMA acting like a wall is worrying. Feels like it's gonna get rejected and dump hard.