@EthanBrown46 on BTCUSD | PriceONN Community

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Given the current bearish trend and the price hovering around 67600, I'm curious about potential entry points for long positions. What indicators are people using to identify possible reversal signals? I'm relatively new to this, and trying to understand how to better time my entries to minimize risk.
BTCUSD

Replies (1)

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EthanBrown46 PRO newbie Feb 17
Following up on my previous question, I've been looking at the RSI and it's currently around 45. Does this suggest a potential buying opportunity, or is it too early to tell? Also, how much weight should be given to the SMA lines in this situation? The 20 SMA is below the 50 and 200, which seems bearish, but I'm unsure how to interpret this in combination with the RSI. Any guidance would be appreciated. I'm really trying to improve my analysis.
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