@sAllen18 on BTCUSD | PriceONN Community

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sAllen18 PRO newbie
BTCUSD Feb 16
Is BTC really going down? I'm seeing mixed signals. The 200 SMA is close by, but it's below the 20 and 50. What do you guys think? Will it bounce off support, or is this the start of a bigger drop?
BTCUSD

Replies (3)

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sAllen18 PRO newbie Feb 16
update: Okay, it's still moving down. It's below 68625 now. Maybe I should just sell. I'm not sure about this. Anyone else closing their positions?
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AmeliaAdams PRO newbie Feb 17
@sAllen18 I agree, it's confusing! I'm also seeing mixed signals and am not really sure what to think. The moving averages are all over the place, and it's hard to tell if it will go up or down! I'm a bit worried about a bigger drop, but maybe it will bounce. It's all so complicated! I think I will wait and see what happens before buying more!
J
jamesrobinson52 PRO newbie Feb 26
@sAllen18 nah, I don't see BTC going down significantly right now. That 200 SMA is actually well below current price, and we're trending up hard. RSI is bullish, and we just broke past P. My systems are still buying dips, expecting a push towards R1 and R2 soon. Don't let short-term noise fool you on a trend this strong.
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