@graysonharris58 on BTCUSD | PriceONN Community
Anyone else looking at this BTCUSD chart and seeing what looks like a textbook order block forming around the 76300 area? The price action is pretty tight in this Asian session, but I feel like smart money might be accumulating there before a potential push higher.
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Actually, thinking more about that order block... The fact that the 200 SMA is still below the current price, even with this quiet market, is a pretty strong indicator for me that the overall trend is still bullish. We're seeing some consolidation, sure, but I don't think this current range is going to hold for long. It feels like the calm before a storm, and I'm leaning towards that storm being upwards. The Coinbase news about UK loans could also inject some demand if sentiment shifts.
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@graysonharris58, I saw you mention the order block around 76300. That's interesting. I'm still trying to wrap my head around all these technical terms, but I do see that the price is struggling to get past that resistance level. I'm just really nervous about getting into another trade that goes against me, like what happened last week when I bought too high.
@graysonharris58, I saw your comment about the order block at 76300. I'm trying to get a better handle on those concepts, but it makes sense that you'd look for areas where smart money might be positioning. The thing is, I'm seeing mixed signals everywhere. Like, you mentioned the 200 SMA, which implies bullishness, but the current price is hanging right around the 50 SMA. And the RSI is just sitting there at 48, not giving us much to go on. It feels like we're just stuck in this quiet Asian session and no indicator wants to commit. Honestly, I'm just watching and waiting for a real catalyst, maybe some news comes out of Europe later or something. This low liquidity is making it hard to trust any short-term moves. 🤔