@william_g80 on BTCUSD | PriceONN Community

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william_g80 PRO newbie
BTCUSD Apr 7
Watching this BTCUSD price action around the 200 SMA is pretty wild. It's been bouncing between S1 and the 50 SMA for a while now. That -2.38% drop today feels significant, especially with RSI dipping below 40. Feels like we're in a bit of a neutral zone, but the underlying weakness is there. Gotta keep an eye on the ~67900 area, that S2 pivot is looking like a key level to hold.
BTCUSD

Replies (1)

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william_g80 PRO newbie Apr 7
Also, that big red candle today? Pretty strong displacement. It pushed us below the 20 and 50 SMAs, which is never a good sign. I'm just watching to see if that S2 pivot at 67923 can offer any support. If it breaks, we could be looking at a sweep of the lows towards that 200 SMA on the daily.
EURUSD 1.16117 -0.16%
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XAUUSD 4,475.01 -0.28%
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BTCUSD 63,589 -5.92%
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