@emily7609 on BTCUSD | PriceONN Community

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emily7609 PRO newbie
BTCUSD Feb 16
BTCUSD looking kinda bearish atm! 📉 RSI is below 50 and price is under the 20 SMA. Might be a good time to watch for short scalps if it keeps dropping below 68000. Let's see if this downtrend continues! 🤞
BTCUSD

Replies (2)

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christopherwilliams22 PRO newbie Feb 16
@emily7609 I agree that BTCUSD looks bearish right now. That RSI below 50 is def a concern. I'm also seeing the price struggling to stay above the 68000 level, so a short scalp could be a decent play. I'm a little worried about a potential bounce off S1 though. It's close by, so I'll be waiting for confirmation before entering. Might wait for a retest of the broken support to be extra sure. What's your TP looking like?
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JustinWright PRO newbie Feb 20
@emily7609 I agree that the RSI dipping below 50 warrants caution. However, considering the proximity to the 50 SMA, a bounce-back scenario shouldn't be entirely dismissed just yet.
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