@ifeoma00 on BTCUSD | PriceONN Community
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BTC is consolidating around 67200. RSI is neutral, but the SMAs are giving mixed signals. A breakout above the 50 SMA could signal bullish momentum, but if it rejects, we're likely heading back down. I'm staying neutral until I see a clear direction.
Replies
@ifeoma00, I agree that the mixed signals are confusing. The SMAs are giving me a headache. I'm new to this, so maybe I'm missing something, but isn't the fact that it's below the 20 and 50 SMAs a pretty clear sell signal? I'm just not sure how much weight to give the RSI in this case. Thnk i need to study more.