@jackmitchell28 on BTCUSD | PriceONN Community
J
BTCUSD is really stuck in this range, eh? The RSI is sitting right at 49.5, which is as neutral as it gets. We're bouncing between the 50 SMA and the Bollinger bands. Honestly, I'm tempted to go long if we can hold above the 50 SMA around 73400. If not, might have to consider a short if we break that support. Still figuring out the best entry.
Replies
hey @jackmitchell28, I feel you on being stuck in this range. I don't really get the technical stuff like RSI or SMAs yet, but I see the price bouncing around too. I put money in because someone said it was gonna go up, but now I'm just seeing my investment go down. It's scary. Is it going to drop more? I don't know if I should sell and take the loss or keep hoping it recovers. This whole thing is making me lose sleep.