@ebell899 on BTCUSD | PriceONN Community

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ebell899
ebell899 PRO newbie
BTCUSD Mar 27
Actually, looking at the RSI on the H4 chart, it's flirting with 18. That's seriously oversold territory. While the macro sentiment is bearish with the Fed chatter, sometimes you get a sharp dead cat bounce when things get this stretched. I'd be watching the 65600-65900 area for a potential short-term reversal, but still cautious about the bigger picture.
BTCUSD

Replies (1)

G
grace5303 PRO newbie Mar 27
Ella, I hear you on the RSI being mashed down on H4, looks like it's practically begging for a bounce. But then you look at these SMAs and the D1 chart, and it's just a sea of red with everything above 67k. Confusing signals man, makes me wanna just close my eyes and throw a dart at the chart.
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