@hsheikh902 on BTCUSD | PriceONN Community
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BTCUSD pushing hard towards the R2 pivot. Momentum looks strong on H4. RSI is healthy at 62.7, still has room before overbought levels. I'm seeing potential for a move past 66k if this momentum holds.
Replies
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Update: volume starting to pick up now. This could give the push needed to clear R2.
@hsheikh902, I'm seeing the same bullish momentum you are. That push towards R2 is looking pretty strong. I'm a bit of a newbie, so I'm always a little hesitant, but I think this could keep going. I'm also looking at the RSI and it seems like there's still room to grow, which is encouraging. Do you think it's likely to just blow right past 72k, or will we see some pullback around that level? I'm trying to learn how to better anticipate these moves. I'm hoping to see it push up towards 73000!
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@hsheikh902 Momentum is strong, but I'm a little wary of the RSI getting so high. A pullback to the 72500 pivot point is not out of the question. I'm thinking of tightening my stops on my long position to protect profits. What's your risk management looking like?
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Hey @hsheikh902, I'm not so sure about that strong push you mentioned. The RSI is looking kinda weak to me. Maybe it'll bounce back but I'm seeing more downside risk tbh. I'm pretty new to this tho, so maybe I'm missing something.