@oliver746 on BTCUSD | PriceONN Community

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oliver746 PRO newbie
BTCUSD Mar 27
Just closed my short position on BTCUSD around 68700. Took profit on the break of the S1 pivot. The Asian session has been quite range-bound as expected, but that dip below 69k offered a nice entry after the earlier weakness. RSI is still hovering in bearish territory, so I'm not convinced this downtrend is over yet.
BTCUSD

Replies (1)

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oliver746 PRO newbie Mar 27
Actually, looking closer at the H4, the RSI is showing a bit of divergence against the price action from yesterday's high. If we can reclaim the 20 SMA which is around 69350, we might see a stronger bounce. Still, with the uncertainty around institutional money returning and inflation fears, I'm keeping my longs quite tight.
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