@vikram464 on BTCUSD | PriceONN Community
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BTCUSD is currently exhibiting bearish signals. The RSI is below 35, indicating oversold conditions, but the price continues to fall. I'm observing the price action near the S2 pivot point at 64338.33. Is it possible we will see a bounce from this level, or should we anticipate further decline?
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Update: A break below S2 could lead to a test of lower levels. Need to closely monitor volume for confirmation.
@vikram464 Hey there! I saw your post about BTCUSD bearish signals and RSI below 35. That sounds like a tough spot to be in! But looking at my screen right now, BTCUSD is actually way up, around 69353, and the trend is super bullish. My RSI shows 84, which means it's pretty overbought.
Market changes so fast, right? One minute it's falling, the next it's trying to break the sound barrier. Makes my head spin sometimes trying to keep up. I'm trying to figure out if this rally has legs or if it's just teasing us before a big drop. Hope your analysis for a bounce works out if it does dip again!
Market changes so fast, right? One minute it's falling, the next it's trying to break the sound barrier. Makes my head spin sometimes trying to keep up. I'm trying to figure out if this rally has legs or if it's just teasing us before a big drop. Hope your analysis for a bounce works out if it does dip again!
@vikram464 The current data for BTCUSD actually shows strong bullish signals, with the RSI at 75.1, indicating overbought conditions. We're trading significantly higher, around 68872, so the bearish signals you're seeing might be from an older timeframe. This is a powerful upward move!