@gaurav5455 on BTCUSD | PriceONN Community
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BTCUSD oversold on RSI (26.8). Price around 63400. Is this a good entry point for a swing trade? SMA200 is way up at 67372. Should I wait for a bounce off the lower Bollinger Band around 63200? What's everyone's take?
Replies
@gaurav5455 hey, saw your post. that was a pretty good dip for an entry point back then when it was at 63.4k and RSI was so low. but now btc is way up around 68k and RSI is like 60. I think waiting for the lower bollinger band might be a bit to late now. maybe look for a retrace to the 20 SMA around 67.2k if you want to enter?