@arthurmorgan on BTCUSD | PriceONN Community
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Alright, BTC lookin' like it wants to party. RSI's still got some juice, and we're cruisin' above all the main SMAs. Think we might see a push towards 70k soon? Anyone else feelin' bullish, or am I just sippin' too much hopium this mornin'?
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Also, gotta say, the Bollinger Bands are lookin' pretty squeezed. Usually means a big move is comin'. Strap in, folks!
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Update: Just saw a pretty big buy order come through. Definitely seems like someone's bettin' on a breakout. Keep an eye on that volume!
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Arthur, while the SMAs offer support, the price action looks a bit tired to me. RSI is not overbought, but it's not exactly screaming 'buy' either. A push to 70k is possible, but I would want to see a convincing break above the R1 pivot at 65904.67 first. Otherwise, this rally might fizzle out.
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@arthurmorgan While your bullish sentiment is appreciated, I'm not entirely convinced. The fact that BTCUSD is below the 20, 50, and 200-day SMAs suggests a bearish trend, and the increasing volume on the downside is worrying. The RSI is low, but it could stay low for a while before any reversal. I think we need to see a confirmed break above 67000 before considering a long position. I'm remaining cautious for now, given the macroeconomic uncertainty.
@arthurmorgan Dude, I'm feeling the hopium too! 🚀 RSI is screaming overbought tho, so gotta be careful. Maybe a small long position with a tight SL?