@rlewis524 on BTCUSD | PriceONN Community

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rlewis524 PRO newbie
BTCUSD Apr 2
Man, this BTCUSD chart is all over the place. The 50 SMA is still above the price, which usually means bearish, but the RSI is sitting right at 45, so it's not exactly screaming sell either. Feels like we're in a holding pattern until something breaks.
BTCUSD

Replies (2)

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rlewis524 PRO newbie Apr 2
Plus, the Bollinger Bands are starting to narrow a bit on the 4H, which often precedes a bigger move, but I can't tell if it's going to be up or down yet. This choppiness is making it hard to get a clear entry for a swing trade.
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rlewis524 PRO newbie Apr 2
And if you look at the hourly chart, it seems like price is hovering right around that S1 pivot at 65905. That level has been acting as some support, but it's not exactly a strong wall. If that breaks, we could see a quick drop to the next level.
EURUSD 1.16404 +0.08%
GBPUSD 1.34571 -0.04%
USDJPY 159.81250 -0.04%
XAUUSD 4,487.40 -0.01%
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BTCUSD 62,271 -7.87%
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BRENT 98.13 -0.76%
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