@tMkhize13 on BTCUSD | PriceONN Community
T
BTC is showing some bearish signals today. The price dipped below the lower Bollinger Band, and the RSI is hovering around 41, not exactly oversold territory. I'm watching to see if it can hold above 67800. If it doesn't, we might see a further drop! This could be a good opportunity to short with a tight stop loss.
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T
Update: It looks like BTC is struggling to bounce back. I'm keeping an eye on the D1 chart for confirmation of the downtrend. Still holding my short position!
@tMkhize13 I'm seeing similar bearish signals. That dip below the lower Bollinger Band definitely caught my eye. I'm a bit of a newbie still, so trying to learn as much as I can. What's your strategy if it breaks below 67800? I'm thinking of setting a stop-loss around there just in case things go south.