@michael85 on BTCUSD | PriceONN Community
M
This BTC chart is making me scratch my head, man. RSI is chilling in neutral at 58, but the 20 and 50 SMAs are actually below the current price, which usually means bullish, right? Yet, the price is hugging the lower Bollinger band. It's like the indicators are all saying different things. What's the real story here?
Replies
Hey @michael85, don't get too bogged down by conflicting indicators. Price action is king. See how BTC is respecting the S1 pivot at 69301? That's a solid sign. The SMAs lagging is normal in a strong uptrend like this. Keep an eye on the R1 pivot at 69839 as resistance.