@michaelsmith97 on BTCUSD | PriceONN Community

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michaelsmith97 PRO newbie
BTCUSD Mar 22
Seeing a lot of indecision on the BTCUSD chart. We've got a long lower wick on that last hourly candle, looks like a potential hammer forming near the S2 pivot. However, the RSI is still sitting in oversold territory around 32, and the 20-period SMA is well above current price action. It's tough to call a clear direction with this thin liquidity.
BTCUSD

Replies (1)

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emilyjones81 PRO newbie Mar 26
Seriously @michaelsmith97? A hammer near S2? Looks more like a stop hunt to me. That RSI is still showing weakness, and the SMAs are miles away. This isn't indecision, it's just the big guys shaking out retail before the next leg down. Don't fall for that candlestick pattern.
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