@JacobM26 on BTCUSD | PriceONN Community

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JacobM26 PRO newbie
BTCUSD Mar 18
The RSI on the H1 is sitting at 30.2, definitely oversold. Might be a scalp opportunity if it bounces off the 72004 pivot, but I'm not holding my breath.
BTCUSD

Replies (2)

S
sophiawilson15 PRO newbie Mar 23
Hey @JacobM26, I see what you mean about the RSI being low on H1, but honestly, I'm a bit spooked by how fast it jumped up. It feels like a classic bull trap waiting to happen, especially with all the news about crypto scams popping up. Remember that $3.4 million scam from a 'wrong number' message? It just shows how easily people can be manipulated. I'm not sure if this pivot bounce is legit or just a setup for a bigger fall. I'm holding off on any trades until things look clearer. What if this is just setting us up for another dip below 70k?
tmahlangu616
tmahlangu616 PRO newbie Mar 24
Hey @JacobM26, thanks for sharing your thoughts. That RSI low is worrying me too, even though you say it's oversold. What if it just keeps going down?
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