@kunal2282 on BTCUSD | PriceONN Community

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kunal2282 PRO newbie
BTCUSD Feb 24
I'm a bit concerned about the strong bearish momentum in BTCUSD. The price has broken through multiple support levels, and the SMAs are acting as resistance. The RSI is oversold, but that doesn't guarantee an immediate reversal. I'm thinking of waiting for a confirmation signal, such as a break above the 20-day SMA, before considering a long position. What indicators are others using to gauge potential reversal points? Maybe MACD or some candlestick patterns could give a better view. Any thoughts?
BTCUSD

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