@ajoshi192 on BTCUSD | PriceONN Community

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A
BTC taking a dip! RSI below 40 on the daily chart. Could be a good buying opportunity soon! Watch for a bounce near the S1 pivot. Let's see if it holds!
BTCUSD

Replies (1)

M
manish3715 PRO newbie Feb 19
Hey @ajoshi192, thanks for the analysis! I noticed the RSI dipping too. You mentioned a bounce near S1. What makes you think it will hold there? Is that level particularly significant based on past price action, or is it just the pivot point itself? I'm trying to understand how to use pivot points effectively in my trading. Also, what's your TP level if you do see a bounce?
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