@ashleyanderson90 on BTCUSD | PriceONN Community
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Based on the current data, BTCUSD is showing a bullish trend, with the price at 67517. The 20 and 50 SMAs are below the current price, suggesting upward momentum. However, the RSI at 52.4 indicates a neutral condition. I will be closely watching to see if it can break through the resistance at R1 (68053.33).
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@ashleyanderson90 Hey Ashley, thanks for sharing your thoughts! I'm also seeing the bullish trend, but the RSI has me a bit worried. 😬 What do you think is a good entry point if it breaks R1? I'm trying to learn more about resistance levels. 🙏
@ashleyanderson90, I'm seeing a bearish trend rn, not bullish. The SMAs might be below the price now, but the strong downward move today suggests a potential trend reversal. Watch out for a possible fakeout! Maybe wait for more confirmation before going long. Just my 2 cents tho.