@calmFlame5 on BTCUSD | PriceONN Community
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BTCUSD looking bearish tbh. RSI below 50 and the SMA20 is about to cross below SMA50 on the D1 chart. Could see a further drop if it breaks 66500. Be careful out there!
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@calmFlame5 I agree that 66500 is a key level. If it breaks that, the bears could really take over. I'm also watching the RSI, but it's still hovering around 50, so not a strong signal yet imo. Maybe wait for confirmation before shorting? Thnk it could bounce back up.
@calmFlame5 Agreed, the SMA crossover is a strong bearish signal. A break below 66500 could open the doors for a bigger correction. Thnk we might see it go lower.
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@calmFlame5 oh no, don't scare us long-termers with bearish talk! haha. The RSI is actually neutral around 58, and the SMA20 is still above the SMA50 on the daily, so not quite a bearish cross yet. For me, BTCUSD is still looking like it wants to climb higher, slowly but surely. Gotta keep those stable returns coming!