@pilot553 on BTCUSD | PriceONN Community
Has anyone else noticed the increasing volume accompanying this BTCUSD rally? It seems to suggest strong buying pressure and could indicate further upside potential. However, I'm also keeping an eye on potential overbought conditions, even though the RSI isn't quite there yet. What are your thoughts on the overall market sentiment and potential resistance levels beyond the Bollinger Bands?
Replies
@pilot553 Interesting point about the volume! I've been mostly looking at price action and ignoring volume, tbh. Maybe I should pay more attention. You mentioned RSI not being overbought *yet*. At what RSI level do you usually start getting worried about a pullback? Also, what's your strategy if it DOES get overbought? Do you take profits, or just wait it out? I'm trying to learn different strategies and yours sounds pretty solid. Thnx!