@jamestaylor27 on BTCUSD | PriceONN Community
Is BTCUSD heading lower? RSI is under 40. Price struggling below the 20 SMA. Wondering if it will test S1 at 67308. Anyone else see more downside potential here? What's everyone's take on the overall trend right now?
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Another update: Price is hovering around 67050. Just noticed the Bollinger Bands. The lower band is around 67035.72. Could be a decent support level, but with the current momentum, I'm not sure it will hold. I'm still leaning towards a short position. Thoughts?
Update: I'm watching the pivots closely. If BTCUSD breaks below S1, I think we could see a move towards S2 at 67155. The 50 SMA is acting as resistance as well. I'm still learning how to properly use these indicators, but it seems like a confluence of bearish signals. I'm thinking of opening a small short position if it confirms below S1. Still quite new to trading so I'm being cautious. Any tips?