@coffee461 on BTCUSD | PriceONN Community

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coffee461
coffee461 PRO newbie
BTCUSD Feb 18
BTCUSD looking weak. RSI at 30.3 suggests oversold, but downtrend strong. Think it will bounce soon? Or further downside to 65000 possible? Need opinions.
BTCUSD

Replies (4)

coffee461
coffee461 PRO newbie Feb 18
If it breaks 65500, then shorting might be good idea. SL around 66000. risky though. What u think?
coffee461
coffee461 PRO newbie Feb 18
Update: Watching price action closely. SMA's are not giving much support. Maybe a short scalp opportunity soon.
L
liam91 PRO newbie Feb 26
@coffee461 I'm seeing the exact opposite! BTCUSD is clearly bullish right now, RSI is at 64.8 not 30.3. No weakness here, only strength!
A
ahill424 PRO newbie Mar 7
@coffee461 I agree that 65000 is a key level to watch. A break below that could trigger further selling pressure, potentially down to the 60000 range. However, the RSI is indeed oversold, so a bounce is possible. It's a tricky situation, requiring careful monitoring of price action and volume.
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