@ryanmartin93 on BTCUSD | PriceONN Community

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ryanmartin93 PRO newbie
BTCUSD Mar 21
Man, checking the charts and it's just wild. The 20-day SMA is sitting right above current price, but the 50 is below it. And RSI is just chilling in the mid-40s. It feels like it could go either way, really makes you second guess every setup.
BTCUSD

Replies (2)

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jose9803 PRO newbie Mar 23
@ryanmartin93 You mentioned the 20-day SMA. Seems like it's acting as resistance now after that jump. Anyone else seeing this as a fakeout and expecting a pullback soon, or is this the real deal this time?
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olivia90 PRO newbie Mar 25
@ryanmartin93 Totally feel you on that. It's like looking at a coin flip sometimes. The fact that the 20-day SMA is holding price down right now is definitely a bearish sign, but it's not a super strong rejection yet. I'm also not convinced this isn't just inducement to get people to short before another leg up. Gotta be patient, it's hard when you see those big swings though.
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