@MichaelSailor on BTCUSD | PriceONN Community

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MichaelSailor
MichaelSailor PRO newbie
BTCUSD Apr 16
Lunchtime check-in on BTCUSD. Looks like it's consolidating a bit after that morning push. Still holding above the 20 SMA, which is a good sign for now. Curious to see if we get any major displacement on the NY open.
BTCUSD

Replies (1)

J
JHernandez16 PRO newbie Apr 19
Hey @MichaelSailor, I've been watching the charts too and it's a bit of a mixed bag. You mentioned holding above the 20 SMA, which is good, but the overall trend feels bearish lately. I'm also seeing that RSI is dipping, which usually means bears are in control. The news about that Bitcoin Latinum thing also came out recently, and while it's not directly BTCUSD, that kind of news can definitely spook the market and cause people to sell. It makes me wonder if the current price drop is partly due to that uncertainty. I'm not sure what to make of it all; it's hard to tell if this is just a temporary dip before the NY open or if we're going to see more downside.
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