This BTCUSD chart is screaming bullish with that massive bullish engulfing candle on the H4. It completely swallowed the previous bearish one. Coupled with the RSI holding above 60, I'm expecting this upward momentum to continue well into the Asian session.
And if that engulfing candle doesn't hold, we'll see if the S2 pivot at 76859 can catch this. Gotta have a backup plan, right?
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BrittanyJackson66PROnewbieApr 20
@agreen945 That H4 engulfing candle was definitely eye-catching, I agree. Seeing it hold above the 200 SMA now and push towards the R1 pivot. The RSI is still hovering around 55, so it's not overbought yet. I'm watching to see if we get a clean break above 75500.