@roguewave240 on BTCUSD | PriceONN Community

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roguewave240
roguewave240 PRO newbie
BTCUSD Mar 18
Seeing a lot of talk about longs but this BTCUSD price action is looking shaky. That drop below 72k was aggressive, could be inducement for a larger bear trap. RSI is oversold, but that doesn't guarantee a bounce, especially with the news flow. Be careful chasing this.
BTCUSD

Replies (1)

R
rameshnaidu17 PRO newbie Mar 19
@roguewave240 You're right to be cautious. All this talk about the Fed ending rate cut hopes and the European banks dealing with the Iran war fallout has me thinking we could see more downside, not less. Even if the RSI looks oversold, that doesn't mean much if the big players are spooked and moving money around like that news suggested.
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