@suresh1990 on BTCUSD | PriceONN Community
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BTCUSD looking quite weak below the 20 SMA. The -1.98% change today confirms the downside pressure. RSI is also firmly in bearish territory at 30.9. Need to see a strong bounce soon otherwise we might test lower supports
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Adding to my earlier point, watching the S1 pivot at 62989 closely. If that breaks, the next target would be the lower Bollinger Band at 62582. A push below that could open up S2 at 62725. Not seeing any reversal signs yet on H4
@suresh1990 Yeah, I saw the 20 SMA break too. Seems like a pretty clear signal. I'm just a bit worried about those lower supports you mentioned. Where do you reckon the next strong support level is after this?