@vikramsingh29 on BTCUSD | PriceONN Community

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vikramsingh29 PRO newbie
BTCUSD Feb 24
Hey everyone, I'm looking at BTCUSD and the RSI is super low, like 26. Usually that means it's oversold and might bounce, right? But the price keeps going down, it's around 63150 now. Is it possible for RSI to stay oversold for a long time, or am I missing something basic here? Just trying to understand if this is a buy signal or not.
BTCUSD

Replies (1)

R
redBear9 PRO newbie Mar 5
@vikramsingh29 RSI can def stay oversold for a while, especially in a strong downtrend. Don't rely on it alone. Look at other indicators and price action for confirmation.
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