@shweta_j20 on BTCUSD | PriceONN Community

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shweta_j20 PRO newbie
BTCUSD Feb 18
Assessing Bitcoin's current position, the RSI(14) at 36 indicates oversold conditions, potentially signaling a reversal soon. However, the price is currently below all three SMAs (20, 50, and 200), suggesting continued bearish momentum. I'll be watching for a strong move above the 20 SMA to confirm any bullish trend change!
BTCUSD

Replies (1)

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climber766 PRO newbie Mar 6
Hey @shweta_j20, I saw your post about the RSI and SMAs. I thought the same thing about a potential reversal, but it just kept going down! Maybe the SMAs aren't as reliable as I thought they were. Do you usually wait for other indicators to confirm, or do you go with the SMA signal?
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