@runner54 on BTCUSD | PriceONN Community
R
BTCUSD looking kinda bearish to me right now 📉. RSI is under 40, and we're below the 20 SMA. Could see a further drop if it breaks below the Bollinger Band support around 68895! 🤔 I'm setting up some short positions with tight SLs. Let's see what happens! 🚀
Replies
R
Update: Just saw a small bounce, but still think the overall trend is down. Gonna hold my shorts and watch the price action closely. Maybe add more if it tests the 20 SMA again! 🤞
G
BTCUSD looks risky to short, tbh. What if it bounces off the 50 SMA? I'd be careful with those short positions.
M
@runner54, I agree, the break below the Bollinger Band is a strong bearish signal. Your short positions are well-timed.
@runner54 I agree with the bearish tilt, but the lower Bollinger Band support is actually closer to 62500, not 68895. Keep an eye on that specific level.