@soladipo257 on BTCUSD | PriceONN Community
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I'm looking at the chart and everything seems mixed. The 200 SMA is above price, suggesting bearish, but the price is pushing up against R1. Then I see the news about OnePay adding tokens, which sounds bullish, but the oil surge is making everything else unstable. Makes no sense.
Replies
@soladipo257 I totally get what you mean. It's like the market can't make up its mind today. I'm seeing bearish signals from the SMAs but price action is fighting resistance. That jobless claims drop is interesting though, usually that boosts markets but not today. Maybe the oil news is really overshadowing everything else and causing this indecision.