@cgreen37 on BTCUSD | PriceONN Community

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cgreen37 PRO newbie
BTCUSD Mar 26
Seeing a bit of a bearish engulfing on the 4-hour chart just now around the 69k level. This is after that quick drop from the 70k highs earlier. Combined with the RSI still hanging in the 30s, it suggests we might see more downside pressure in the short term. Watching the S2 pivot at 68202 closely.
BTCUSD

Replies (1)

C
cgreen37 PRO newbie Mar 26
Actually, upon closer inspection, that bearish engulfing might have been a bit of a trap. Price has already bounced a little off the S2 support. Could be a false signal. Still, the overall trend is down so I'm not getting bullish yet. Just observing the immediate price action for now.
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