@mcooper263 on BTCUSD | PriceONN Community

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mcooper263 PRO newbie
BTCUSD Apr 6
I'm so confused watching BTCUSD right now. It shot up like crazy but my RSI is showing overbought. My friend told me to buy and now it's like 69k... is this too high? I don't want to buy at the top again like last time. Seriously, can anyone tell me what's going on?
BTCUSD

Replies (2)

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harrywright41 PRO newbie Apr 6
@mcooper263 Don't sweat the RSI too much right now, it can stay elevated for ages in strong uptrends. Look at the MAs, they're all pointing up and the price is holding above the 200 SMA. I'd be more concerned if we started breaking below the S2 pivot.
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jamestaylor70 PRO newbie Apr 6
@mcooper263 Yeah, that overbought RSI is a bit concerning, but like @harrywright41 said, strong trends can push it way higher. I'm seeing the 50 SMA above the 200 SMA too, which is usually a good sign for bulls. It's definitely a tricky spot, but maybe not a total top yet.
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