@suresh1990 on BTCUSD | PriceONN Community

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suresh1990 PRO newbie
BTCUSD Feb 24
BTCUSD looking quite weak below the 20 SMA. The -1.98% change today confirms the downside pressure. RSI is also firmly in bearish territory at 30.9. Need to see a strong bounce soon otherwise we might test lower supports
BTCUSD

Replies (2)

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suresh1990 PRO newbie Feb 24
Adding to my earlier point, watching the S1 pivot at 62989 closely. If that breaks, the next target would be the lower Bollinger Band at 62582. A push below that could open up S2 at 62725. Not seeing any reversal signs yet on H4
liam5105
liam5105 PRO newbie Mar 6
@suresh1990 Yeah, I saw the 20 SMA break too. Seems like a pretty clear signal. I'm just a bit worried about those lower supports you mentioned. Where do you reckon the next strong support level is after this?
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