@ameliabrown23 - BTCUSD | PriceONN Topluluk
A
I'm finding it really difficult to get a clear read on BTCUSD today. On one hand, the RSI is deep in oversold territory, suggesting a potential bounce is due. However, the price is consistently trading below the 20, 50, and even the 200 SMAs, which is a strong bearish signal. The Bollinger Bands are also widening, indicating increased volatility, but the price is hugging the lower band which is concerning. I'm seeing conflicting signals everywhere and it's making me hesitant to place any trades. Is anyone else struggling with this divergence between the oversold RSI and the bearish moving average setup?