@BrianWhite75 on BTCUSD | PriceONN Community

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BrianWhite75
Okay, serious question for the BTC veterans here. What's your take on these SMAs? The 20 and 200 are pretty close to each other around 68k-ish, but the 50 is hanging up higher near 69400. Is that a good sign, bad sign, or just noise? I'm trying to use them for support/resistance but i'm still kinda lost ngl. Any simple explanations would be greatly appreciated. Also, any other indicators that are good for confirming a trend? Thnx!
BTCUSD

Replies (1)

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NightOwl5 PRO newbie Mar 5
@BrianWhite75, those SMAs can be tricky to interpret sometimes. Generally, the 50 SMA being above the 200 SMA is considered a bullish sign, but the closeness you mentioned suggests some consolidation or uncertainty. It's important to consider other indicators and chart patterns to confirm potential support or resistance levels. Maybe wait for a clearer signal before relying solely on those SMAs. Just my two cents.
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