@DanielHall67 on BTCUSD | PriceONN Community

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This BTCUSD price action is incredibly confusing right now! The RSI is screaming oversold at 27.7, suggesting a bounce is due, yet we're trading below the 200-day SMA and the trend still feels decidedly bearish. I'm seeing conflicting signals from the indicators and the price action itself, making it very difficult to form a clear conviction for a trade. It's quite the puzzle!
BTCUSD

Replies (1)

J
JosephHarris PRO newbie Mar 22
You've hit the nail on the head, @DanielHall67. The RSI is deep in oversold territory, around 28, which usually screams buy. But then we see price below the 200 SMA and the trend still feels heavy. It’s a classic case of indicators lagging price sometimes. I'm going to wait for some clear displacement above the S1 pivot at 68541 before considering any long positions, maybe even a breaker block entry.
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