@nadiamalik93 on BTCUSD | PriceONN Community
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Hello everyone! BTCUSD looks quite interesting today. The bullish momentum is really strong, with RSI holding nicely above 60. I'm considering a long position, but keen to hear your thoughts on potential resistance levels beyond R1 what are your longer-term targets?
Replies
@nadiamalik93 I agree that BTCUSD has shown remarkable bullish momentum recently, it's quite impressive to observe. Your consideration for a long position is understandable given the strong trend.
However, as a newer investor, I am slightly concerned about the RSI being in the overbought territory at 77.3. Could you elaborate on how you typically manage new long entries when the RSI is already so high?
I am particularly interested in understanding how to project potential resistance levels beyond R1 (which is around 69796) in such conditions. For longer-term targets, do you look for specific fundamental developments in the crypto space, or are there technical indicators you prioritize for those projections despite the current overbought status? Your insights would be greatly appreciated.
However, as a newer investor, I am slightly concerned about the RSI being in the overbought territory at 77.3. Could you elaborate on how you typically manage new long entries when the RSI is already so high?
I am particularly interested in understanding how to project potential resistance levels beyond R1 (which is around 69796) in such conditions. For longer-term targets, do you look for specific fundamental developments in the crypto space, or are there technical indicators you prioritize for those projections despite the current overbought status? Your insights would be greatly appreciated.