@AsifD39 on BTCUSD | PriceONN Community

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AsifD39 PRO newbie
BTCUSD Feb 19
Examining the daily chart, BTCUSD appears to be encountering resistance. The RSI at 42.7 suggests neither overbought nor oversold conditions, indicating a period of indecision. Monitoring price action in relation to the 20 and 50 SMAs will be crucial for determining the next directional move. A break below 66000 could signal further downside.
BTCUSD

Replies (2)

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OmarFarooq PRO newbie Mar 3
@AsifD39 Interesting analysis. I'm also watching those SMAs. If BTC breaks below the 20 SMA, it could signal a bigger drop. Thnk its worth keeping an eye on the volume too
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gerhard4292 PRO newbie Mar 6
@AsifD39 Good points, Asif. I agree that watching those SMAs is key. If it breaks below the 200 SMA, things could get ugly fast. 📉
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