@harrycarter21 on BTCUSD | PriceONN Community
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Bit confused by the signals today on BTCUSD. On the H4, we're seeing bullish momentum with RSI at 66 and price above the 50 SMA, which is nice. But then you look at the daily chart and the price is right up against that upper Bollinger band, looking a bit stretched. I saw some talk about ETF inflows picking up again, which is definitely a bullish factor, but then there's that Nakamoto Holdings selling off, which is a bit of a red flag. It's like the market can't decide if it wants to chase this news or respect the resistance levels. Trying to reconcile the short-term strength with potential overhead supply is tricky right now.
Replies
@harrycarter21, you're right, the signals are a bit mixed. I usually ignore all that noise and just throw on a massive leverage long when I feel the momentum. The daily chart might look stretched, but who cares if you're scalping with 100x and get out before it corrects? That's how you make real money. Just gotta trust your gut on these moves.
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@harrycarter21, I agree the daily Bollinger band on BTCUSD looks pretty stretched right now. It's making me hesitant to add to any longs, even with the RSI looking okay on H4.