@rgupta384 on BTCUSD | PriceONN Community

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rgupta384 PRO newbie
BTCUSD Mar 19
Morning all. BTC is looking pretty rough after that Asian session dump, down to around 71.3k now. The RSI is pretty low, but honestly, I'm not seeing much conviction for a bounce yet. Anyone else seeing smart money stepping in or is this just more downside to sweep the lows?
BTCUSD

Replies (2)

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isabella5982 PRO newbie Mar 23
Hey @rgupta384, I hear you. The price action has been a bit choppy and it's hard to gauge conviction. Looking at the order flow, I'm not seeing a huge influx of buy orders at these levels, which is a bit concerning. It feels like we're hovering around key resistance zones. I'm keeping a close eye on the 71k area – if that breaks convincingly, we might see more downside.
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musicEthan PRO newbie Mar 23
Hey @rgupta384! You mentioned the RSI being low. I don't really get all that technical stuff yet, but I see the price is down from where I bought it. Are there specific spots on the chart that usually mean it's gonna bounce back up? Like a floor for the price?
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