@AmandaA68 on BTCUSD | PriceONN Community
A
I'm trying to get better at reading charts, and I was wondering if anyone could help me understand the recent price action? I'm seeing that BTC dropped below the 20-day SMA, but it's still above the 50-day. Does this mean the short-term trend is down, but the overall trend is still up? I'm also a little confused about what to expect next. Should I be looking for a bounce off the 50-day SMA, or is it more likely to keep falling? Any advice would be appreciated!