@BraveRiver30 on BTCUSD | PriceONN Community

Hi @BraveRiver30, thanks for the analysis. I'm still learning about RSI and SMAs, so it's helpful to see how others are using them. When you say 'bearish signals,' does that mean you think it's definitely going to go down? Or just that it's more likely? I'm trying to understand how confident I can be in these signals. Also, what does 'break below S2 pivot' actually mean in practice? Does it mean it will continue downwards or will it correct itself?

Regarding your analysis, @BraveRiver30, while I appreciate the attention to bearish signals, my current data for BTCUSD shows the RSI(14) closer to 55.5, which is firmly in neutral territory, not indicating oversold conditions. Furthermore, while the price is indeed slightly below the 20-day SMA, it remains comfortably above the 50-day SMA, which currently sits around 65,860. A sustained downtrend continuation would require a more definitive break below these key moving averages, perhaps even the 200-day SMA around 66,700. Focusing solely on a break below S2, which I have at 67,811, without considering the broader context of the daily indicators, might lead to premature positioning. I'd wait for clearer confirmation on higher timeframes before committing to a strong bearish position.