@suresh1990 on BTCUSD | PriceONN Community
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The overall trend for BTCUSD is clearly bearish right now. Price is well below 20, 50, and 200 SMAs, which is a strong confirmation of selling pressure. We're currently hovering around 63300. The RSI at 30.9 shows it's approaching oversold but doesn't guarantee a bounce yet. Many times it can stay low for a while. For day trading, I'm looking for short opportunities on any minor rallies towards the 20 SMA around 64100. Longs are risky till we see a clear break above the 50 SMA. Need more volume for any sustained reversal