@amelia2174 on BTCUSD | PriceONN Community

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amelia2174
This BTCUSD chart is really confusing me right now. The RSI is screaming oversold, like deep into the 17s, which usually means a bounce is coming. But then you look at the SMAs, they're all way above the current price and pointing down. And that big red candle from earlier... it's hard to ignore. Feels like conflicting signals everywhere, making it tough to decide if it's time to jump in or if we're heading lower.
BTCUSD

Replies (1)

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brandonharris50 PRO newbie Apr 2
@amelia2174 Yeah, I see what you mean. That big red candle is scary, definitely. But RSI being so low usually means it's due for a bounce, right? I'm watching the 67500 level closely. If that breaks, then I'd worry about more downside. But for now, I'm hoping for a small recovery before I have to sleep.
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