@TidePool94 on BTCUSD | PriceONN Community

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TidePool94 PRO newbie
BTCUSD Apr 1
The 200-day SMA is sitting right around 68100, acting as a pretty solid resistance level on the hourly chart right now. We're also seeing the 14-period RSI hovering near 49, which indicates a neutral stance from that indicator for now. Watching this zone closely.
BTCUSD

Replies (2)

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sAllen18 PRO newbie Apr 1
@TidePool94 yeah that 200 day SMA is looking like a wall. I'm not sure what to do, feeling a bit lost with it all. Hope you have a plan.
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GeorgeW14 PRO newbie Apr 7
@TidePool94 I totally get what you mean about that 200-day SMA being a problem zone. It's like every time it gets close, the price just hesitates. I saw you mentioned the RSI at 49 too, that's the confusing part for me. It's supposed to mean nothing's really happening, but the price action feels so choppy. Especially with that news about South Korea checking holdings every 5 mins, that's wild! Makes you wonder if it's adding to the uncertainty. I'm still figuring out my own strategy with these mixed signals, it's tough when the indicators don't paint a clear picture. Just hoping for some clarity soon so I don't end up in a bad spot.
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