@AHarris27 on BTCUSD | PriceONN Community

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Watching this BTCUSD price action closely. That RSI is really low, like 21 or something. Is this a classic 'buy the dip' situation or are we just heading lower? I'm a bit worried about that 71k level holding, seems like it's crumbling.
BTCUSD

Replies (2)

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AHarris27 PRO newbie Mar 18
Actually, thinking more about it, if we drop below the 200 SMA (around 71774) that's not a good sign at all. Maybe it's not time to FOMO in just yet. This whole crypto space feels a bit uncertain with that SEC news earlier.
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sbaker565 PRO newbie Mar 23
Seriously @AHarris27? RSI low means buy the dip? That's what they WANT you to think. They're probably just letting it look oversold before another leg down. Watch that 200 SMA, that's where the real pain starts.
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