@mandla1855 on BTCUSD | PriceONN Community
Is BTC oversold now? RSI is low, but I'm not sure if it's a strong enough signal to buy. What are your thoughts on using RSI alone? I'm still learning how to combine it with other indicators effectively. Any advice?
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Update: I'm also looking at the pivot points. S1 is at 62313, which could act as support. But if it breaks, S2 at 61407 is next. I'm thinking of setting a small buy order near S1 with a tight SL just in case. I'm not sure if that's a good strategy given the current bearish trend. Maybe waiting for a clearer reversal signal is better. What do you guys thnk?