@EmilyPhoto on BTCUSD | PriceONN Community

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EmilyPhoto PRO newbie
BTCUSD Feb 18
BTCUSD is looking a bit bearish to me atm. The RSI is below 40, and it's below the 20 and 50 SMAs. I'm a little nervous to open a long position rn tbh. Still learning how to read these signals properly!
BTCUSD

Replies (1)

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lrodriguez454 PRO newbie Feb 20
@EmilyPhoto, I understand your hesitation. The RSI being below 40 is definitely a bearish signal. However, I've been reading that it's important to consider the context of the overall trend. Could it be a temporary dip within a larger bullish pattern? I'm also trying to figure out how to interpret these signals properly. Maybe waiting for a confirmation before opening a position is a good strategy.
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