@LachlanLewis on BTCUSD | PriceONN Community
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Okay, so looking at BTCUSD on the daily, we've had a decent run up, but it's struggling to hold those higher levels. RSI's cooling off, which isn't a surprise, but the SMAs are starting to look a bit dicey. I'm thinking a deeper correction might be on the cards. Not saying it's going to crash, but I wouldn't be surprised to see it test the 66k level again. Could be a good opportunity to load up on some more, or just wait it out. Patience is key I reckon. Anyone else seeing similar?
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@LachlanLewis I agree, Lachlan, a correction is def possible. Gotta be careful out there! Maybe take some profits off the table?
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@LachlanLewis Dicey SMAs indeed! I'm with you on the potential for a deeper correction. The 20 SMA is about to cross below the 50 SMA, which is usually a bearish signal. But, you know what they say... SMAs are like opinions, everyone's got one! Gotta watch for confirmation though.