@achowdhury513 on BTCUSD | PriceONN Community
A
I'm looking at the BTCUSD chart and the SMAs are all pointing down. The 20 SMA is well below the 50 and 200, indicating a strong downtrend for swing traders. My custom trend indicator is flashing red across multiple timeframes. I'm trying to optimize my entry logic for these sharp moves. What are your thoughts on a potential bounce if we hit the 62k psychological level? Or do you see it breaking through to test the 60k region? I'm considering a counter-trend long position if we get a clear divergence on RSI at those lower levels, but need solid confirmation.